REFA vs. EFAS
REFA (Columbia Research Enhanced International Equity ETF) and EFAS (Global X MSCI SuperDividend® EAFE ETF) are both exchange-traded funds - REFA is a Foreign Large Cap Equities fund tracking the Beta Advantage Research Enhanced International Equity Index, while EFAS is a Dividend fund tracking the MSCI EAFE Top 50 Dividend Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. REFA charges 0.32%/yr vs 0.55%/yr for EFAS.
Performance
REFA vs. EFAS - Performance Comparison
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Returns By Period
In the year-to-date period, REFA achieves a 11.14% return, which is significantly lower than EFAS's 13.40% return.
REFA
- 1D
- 1.35%
- 1M
- 2.81%
- 6M
- 9.75%
- YTD
- 11.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EFAS
- 1D
- 1.58%
- 1M
- 0.40%
- 6M
- 12.19%
- YTD
- 13.40%
- 1Y
- 24.32%
- 3Y*
- 23.79%
- 5Y*
- 12.64%
- 10Y*
- —
REFA vs. EFAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REFA Columbia Research Enhanced International Equity ETF | 11.14% | 0.33% |
EFAS Global X MSCI SuperDividend® EAFE ETF | 13.40% | 3.61% |
Correlation
The correlation between REFA and EFAS is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.57 |
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Return for Risk
REFA vs. EFAS — Risk / Return Rank
REFA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EFAS
REFA vs. EFAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced International Equity ETF (REFA) and Global X MSCI SuperDividend® EAFE ETF (EFAS). 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.
| REFA | EFAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.65 | — |
| Martin ratioReturn relative to average drawdown | — | 11.45 | — |
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Drawdowns
REFA vs. EFAS - Drawdown Comparison
The maximum REFA drawdown since its inception was -11.23%, smaller than the maximum EFAS drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for REFA and EFAS.
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Drawdown Indicators
| REFA | EFAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.23% | -44.38% | +33.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.30% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.81% | — |
Current DrawdownCurrent decline from peak | -0.36% | -2.63% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -7.04% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.15% | — |
Volatility
REFA vs. EFAS - Volatility Comparison
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Volatility by Period
| REFA | EFAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 10.98% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 15.59% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 18.29% | +0.32% |
REFA vs. EFAS - Expense Ratio Comparison
REFA has a 0.32% expense ratio, which is lower than EFAS's 0.55% expense ratio.
Dividends
REFA vs. EFAS - Dividend Comparison
REFA's dividend yield for the trailing twelve months is around 0.03%, less than EFAS's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EFAS Global X MSCI SuperDividend® EAFE ETF | 4.37% | 4.83% | 6.76% | 6.33% | 7.28% | 5.19% | 4.34% | 5.75% | 6.63% | 6.15% | 0.21% |
REFA Columbia Research Enhanced International Equity ETF | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REFA and EFAS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, REFA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
REFA is cheaper with a 0.32% expense ratio, compared with 0.55% for EFAS.
EFAS has the higher dividend yield at 4.37%, compared with 0.03% for REFA.
REFA is categorized as Foreign Large Cap Equities, while EFAS is Dividend. REFA tracks Beta Advantage Research Enhanced International Equity Index, while EFAS tracks MSCI EAFE Top 50 Dividend Index. They also come from different issuers: Columbia Threadneedle and Global X. Their fees differ too: 0.32% for REFA and 0.55% for EFAS.
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