PIEL vs. EFAV
PIEL (Pacer International Export Leaders ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds - PIEL tracks the Pacer International Export Leaders Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. PIEL charges 0.60%/yr vs 0.20%/yr for EFAV.
Performance
PIEL vs. EFAV - Performance Comparison
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Returns By Period
In the year-to-date period, PIEL achieves a 12.32% return, which is significantly higher than EFAV's 9.79% return.
PIEL
- 1D
- -0.39%
- 1M
- -3.22%
- 6M
- 8.29%
- YTD
- 12.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EFAV
- 1D
- -1.09%
- 1M
- 4.40%
- 6M
- 6.21%
- YTD
- 9.79%
- 1Y
- 16.01%
- 3Y*
- 14.35%
- 5Y*
- 6.86%
- 10Y*
- 6.38%
- ALL TIME*
- 7.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.17M | $49.40M | $45.31M | |
| $1.50K | $4.13K | $8.68K |
PIEL vs. EFAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PIEL Pacer International Export Leaders ETF | 12.32% | -0.43% |
EFAV iShares MSCI EAFE Min Vol Factor ETF | 9.79% | 0.34% |
Correlation
The correlation between PIEL and EFAV is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.52 |
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Return for Risk
PIEL vs. EFAV — Risk / Return Rank
PIEL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EFAV
PIEL vs. EFAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIEL | EFAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.62 | — |
| Martin ratioReturn relative to average drawdown | — | 6.10 | — |
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Drawdowns
PIEL vs. EFAV - Drawdown Comparison
The maximum PIEL drawdown since its inception was -14.67%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for PIEL and EFAV.
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Drawdown Indicators
| PIEL | EFAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.67% | -27.56% | +12.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.56% | — |
Current DrawdownCurrent decline from peak | -6.03% | -1.09% | -4.94% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -4.76% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.86% | — |
Volatility
PIEL vs. EFAV - Volatility Comparison
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Volatility by Period
| PIEL | EFAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 10.67% | +13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.42% | 11.88% | +12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 13.03% | +11.39% |
PIEL vs. EFAV - Expense Ratio Comparison
PIEL has a 0.60% expense ratio, which is higher than EFAV's 0.20% expense ratio.
Dividends
PIEL vs. EFAV - Dividend Comparison
PIEL has not paid dividends to shareholders, while EFAV's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFAV iShares MSCI EAFE Min Vol Factor ETF | 3.07% | 3.20% | 3.24% | 3.08% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% |
PIEL Pacer International Export Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIEL and EFAV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFAV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFAV is cheaper with a 0.20% expense ratio, compared with 0.60% for PIEL.
EFAV has the higher dividend yield at 3.07%, compared with 0.00% for PIEL.
PIEL tracks Pacer International Export Leaders Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PIEL and 0.20% for EFAV.
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