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TIER vs. EFAV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TIER vs. EFAV

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price International Equity Research ETF (TIER) and iShares Edge MSCI Min Vol EAFE ETF (EFAV).

TIER and EFAV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIER is an actively managed fund by T. Rowe Price. It was launched on Jun 25, 2025. EFAV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Oct 18, 2011.

Performance

TIER vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Equity Research ETF (TIER) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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TIER vs. EFAV - Yearly Performance Comparison

2026 (YTD)2025
TIER
T. Rowe Price International Equity Research ETF		0.72%12.37%
EFAV
iShares Edge MSCI Min Vol EAFE ETF		5.94%5.01%

Returns By Period

In the year-to-date period, TIER achieves a 0.72% return, which is significantly lower than EFAV's 5.94% return.

TIER

1D
3.24%
1M
-8.84%
YTD
0.72%
6M
5.45%
1Y
—
3Y*
—
5Y*
—
10Y*
—

EFAV

1D
1.98%
1M
-3.69%
YTD
5.94%
6M
9.18%
1Y
21.13%
3Y*
14.12%
5Y*
7.53%
10Y*
6.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price International Equity Research ETF

iShares Edge MSCI Min Vol EAFE ETF

Often compared with TIER:
TIER vs. TOUSTIER vs. CILTIER vs. TSPATIER vs. TGRWTIER vs. FIDTIER vs. TGRTTIER vs. BKIE
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. EFASEFAV vs. USMVEFAV vs. SPLV

TIER vs. EFAV - Expense Ratio Comparison

TIER has a 0.38% expense ratio, which is higher than EFAV's 0.20% expense ratio.

TIER
T. Rowe Price International Equity Research ETF
EFAV
iShares Edge MSCI Min Vol EAFE ETF

Return for Risk

TIER vs. EFAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TIER
EFAV
EFAV Risk / Return Rank: 8888
Overall Rank
EFAV Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 8787
Sortino Ratio Rank
EFAV Omega Ratio Rank: 8686
Omega Ratio Rank
EFAV Calmar Ratio Rank: 9090
Calmar Ratio Rank
EFAV Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIER vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity Research ETF (TIER) and iShares Edge MSCI Min Vol EAFE 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TIER vs. EFAV - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TIEREFAVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.74

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.65

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.24

0.55

+0.69

Correlation

The correlation between TIER and EFAV is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TIER vs. EFAV - Dividend Comparison

TIER's dividend yield for the trailing twelve months is around 0.74%, less than EFAV's 3.02% yield.

TTM20252024202320222021202020192018201720162015
TIER
T. Rowe Price International Equity Research ETF		0.74%0.74%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EFAV
iShares Edge MSCI Min Vol EAFE ETF		3.02%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%

Drawdowns

TIER vs. EFAV - Drawdown Comparison

The maximum TIER drawdown since its inception was -12.07%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for TIER and EFAV.

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Drawdown Indicators

TIEREFAVDifference

Max Drawdown

Largest peak-to-trough decline

-12.07%

-27.56%

+15.49%

Max Drawdown (1Y)

Largest decline over 1 year

—

-7.14%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.46%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.56%

—

Current Drawdown

Current decline from peak

-9.22%

-3.69%

-5.53%

Average Drawdown

Average peak-to-trough decline

-1.66%

-4.78%

+3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.94%

—

Volatility

TIER vs. EFAV - Volatility Comparison

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Volatility by Period

TIEREFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.19%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.57%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.33%

12.22%

+2.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.33%

11.74%

+2.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

13.21%

+1.12%