TIER vs. EIS

Last updated Aug 2, 2026

TIER (T. Rowe Price International Equity Research ETF) and EIS (iShares MSCI Israel ETF) are both Foreign Large Cap Equities funds. TIER is actively managed, while EIS is passively managed. Over the past year, TIER returned 28.71% vs 33.25% for EIS. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TIER charges 0.38%/yr vs 0.59%/yr for EIS.

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.

Returns By Period

In the year-to-date period, TIER achieves a 13.45% return, which is significantly higher than EIS's 9.12% return.

TIER

• 1D: -0.02%
• 1M: 0.20%
• 6M: 7.64%
• YTD: 13.45%
• 1Y: 28.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.17%

EIS

• 1D: 0.23%
• 1M: -0.94%
• 6M: 0.90%
• YTD: 9.12%
• 1Y: 33.25%
• 3Y*: 29.33%
• 5Y*: 12.72%
• 10Y*: 10.90%
• ALL TIME*: 6.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EIS iShares MSCI Israel ETF	$7.58M	$8.69M	$11.04M
TIER T. Rowe Price International Equity Research ETF	$89.46K	$365.95K	$202.50K

TIER vs. EIS - Yearly Performance Comparison

	2026 (YTD)	2025
TIER T. Rowe Price International Equity Research ETF	13.45%	12.72%
EIS iShares MSCI Israel ETF	9.12%	20.55%

Correlation

The correlation between TIER and EIS is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.57

The correlation between TIER and EIS has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.

TIER vs. EIS - Sectors Allocation Comparison

Sectors	TIER	EIS
Financial Services	24.7%	34.4%
Technology	24.4%	18.7%
Industrials	13.4%	10.9%
Consumer Cyclical	7.7%	2.5%
Basic Materials	6.6%	1.6%
Healthcare	5.8%	9.4%
Communication Services	5.1%	2.5%
Energy	4.6%	2.0%
Consumer Defensive	4.4%	2.3%
Utilities	2.5%	6.7%
Real Estate	0.9%	8.4%

Return for Risk

TIER vs. EIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TIER

TIER Risk / Return Rank: 71
TIER Sharpe Ratio Rank: 72
TIER Sortino Ratio Rank: 72
TIER Omega Ratio Rank: 74
TIER Calmar Ratio Rank: 67
TIER Martin Ratio Rank: 71

EIS

EIS Risk / Return Rank: 57
EIS Sharpe Ratio Rank: 59
EIS Sortino Ratio Rank: 59
EIS Omega Ratio Rank: 56
EIS Calmar Ratio Rank: 60
EIS Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	TIER	EIS	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.38	+0.28
Sortino ratio: Return per unit of downside risk	2.34	2.01	+0.34
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	2.34	2.10	+0.25
Martin ratio: Return relative to average drawdown	8.83	6.09	+2.74

TIER vs. EIS - Sharpe Ratio Comparison

The current TIER Sharpe Ratio is 1.67, which is comparable to the EIS Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of TIER and EIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-12.07%	-15.37%	+3.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.75%	—
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	-2.63%	-12.80%	+10.17%
Average Drawdown Average peak-to-trough decline	-1.91%	-13.88%	+11.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	5.29%	-2.09%

Volatility

TIER vs. EIS - Volatility Comparison

The current volatility for T. Rowe Price International Equity Research ETF (TIER) is 5.23%, while iShares MSCI Israel ETF (EIS) has a volatility of 6.91%. This indicates that TIER experiences smaller price fluctuations and is considered to be less risky than EIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIER	EIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	6.91%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	18.77%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	23.38%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	22.33%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	21.30%	-4.77%

TIER vs. EIS - Expense Ratio Comparison

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

Dividends

TIER vs. EIS - Dividend Comparison

TIER's dividend yield for the trailing twelve months is around 0.66%, less than EIS's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIS iShares MSCI Israel ETF	1.56%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%
TIER T. Rowe Price International Equity Research ETF	0.66%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIER and EIS in my portfolio?

TIER and EIS 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.

Which is riskier, TIER or EIS?

EIS has higher volatility (6.91%) compared to TIER (5.23%). In terms of maximum drawdown, TIER dropped -12.07% vs EIS's -51.94%.

Which ETF is better, TIER or EIS?

On 1-year performance, EIS leads with 33.25% vs 28.71% for TIER. On fees, TIER is cheaper at 0.38% per year. On volatility, TIER has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TIER or EIS?

Over the 1-year period, EIS has performed better with a 33.25% return vs 28.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TIER or EIS?

TIER is cheaper with a 0.38% expense ratio, compared with 0.59% for EIS.

Which ETF pays a higher dividend yield, TIER or EIS?

EIS has the higher dividend yield at 1.56%, compared with 0.66% for TIER.

What is the main difference between TIER and EIS?

They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.38% for TIER and 0.59% for EIS.

Which has better risk-adjusted returns?

TIER currently has the higher Sharpe Ratio (1.67 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.