TIER vs. EIS

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price International Equity Research ETF (TIER) and iShares MSCI Israel ETF (EIS).

TIER and EIS 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. EIS is a passively managed fund by iShares that tracks the performance of the MSCI Israel Capped Investable Market Index (Net). It was launched on Mar 26, 2008.

Performance

TIER vs. EIS - 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 MSCI Israel ETF (EIS). The values are adjusted to include any dividend payments, if applicable.

TIER vs. EIS - Yearly Performance Comparison

	2026 (YTD)	2025
TIER T. Rowe Price International Equity Research ETF	0.72%	12.37%
EIS iShares MSCI Israel ETF	5.46%	20.71%

Returns By Period

In the year-to-date period, TIER achieves a 0.72% return, which is significantly lower than EIS's 5.46% return.

TIER

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

EIS

• 1D: 5.27%
• 1M: -2.31%
• YTD: 5.46%
• 6M: 16.85%
• 1Y: 58.57%
• 3Y*: 30.48%
• 5Y*: 13.80%
• 10Y*: 10.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIER vs. EIS - Expense Ratio Comparison

TIER has a 0.38% expense ratio, which is lower than EIS's 0.59% expense ratio.

EIS

iShares MSCI Israel ETF

TIER

T. Rowe Price International Equity Research ETF

Return for Risk

TIER vs. EIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIS

EIS Risk / Return Rank: 96
EIS Sharpe Ratio Rank: 96
EIS Sortino Ratio Rank: 96
EIS Omega Ratio Rank: 94
EIS Calmar Ratio Rank: 97
EIS Martin Ratio Rank: 96

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. EIS - 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 MSCI Israel ETF (EIS). 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.

Sharpe Ratios by Period

	TIER	EIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.30	+0.94

Correlation

The correlation between TIER and EIS is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TIER vs. EIS - Dividend Comparison

TIER's dividend yield for the trailing twelve months is around 0.74%, less than EIS's 1.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EIS iShares MSCI Israel ETF	1.36%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%

Drawdowns

TIER vs. EIS - Drawdown Comparison

The maximum TIER drawdown since its inception was -12.07%, smaller than the maximum EIS drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for TIER and EIS.

Drawdown Indicators

	TIER	EIS	Difference
Max Drawdown Largest peak-to-trough decline	-12.07%	-51.94%	+39.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.88%	—
Current Drawdown Current decline from peak	-9.22%	-7.78%	-1.44%
Average Drawdown Average peak-to-trough decline	-1.66%	-14.02%	+12.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.30%	—

Volatility

Volatility by Period

	TIER	EIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	23.60%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	21.60%	-7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	20.95%	-6.62%