AEG vs EFA: Correlation
Measured on weekly returns over the past three years, Aegon Ltd. New York Registry Shares (AEG) and iShares MSCI EAFE ETF (EFA) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEG and EFA?
Over the past 3 years, AEG and EFA moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 240.5 %².
In AEG's tracked universe of 10 assets, EFA sits right near the top at #1. Twelve-month performance is nearly a tie, at +20.6% for AEG and +21.9% for EFA. Risk is not evenly split, since AEG carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEG vs EFA: side by side
| AEG (Aegon Ltd. New York Registry Shares) | EFA (iShares MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +20.6% | +21.9% |
| 5-year return | +132.6% | +56.7% |
| Volatility (ann.) | 24.5% | 14.9% |
| Beta vs S&P 500 | 1.00 | 0.77 |
| Max drawdown (3Y) | -18.4% | -14.1% |
| Market cap | $13.6B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 4.56% | 3.19% |
| Expense ratio | – | 0.32% |
| Assets under management | – | $78.0B |
| Sector / category | US Listed | ETF · International |
EFA is a Foreign Large Blend fund from iShares: $78.0B under management, 666 holdings, a 0.32% expense ratio, a 3.19% trailing dividend yield.
Year-by-year returns
| Year | AEG | EFA |
|---|---|---|
| 2022 | +6.5% | -14.4% |
| 2023 | +21.2% | +18.4% |
| 2024 | +8.4% | +3.5% |
| 2025 | +35.1% | +31.5% |
| 2026 | +22.2% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEG and EFA good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AEG and EFA?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.56 over the last year and 0.66 over 5 years.
Is EFA a good diversifier for AEG?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AEG correlations · EFA correlations
