AEG vs IEFA: Correlation
Measured on weekly returns over the past three years, Aegon Ltd. New York Registry Shares (AEG) and iShares Core MSCI EAFE ETF (IEFA) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEG and IEFA?
Over the past 3 years, AEG and IEFA moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 239.9 %².
In AEG's tracked universe of 10 assets, IEFA sits right near the top at #3. Neither side won the trailing year by much: +20.6% against +21.8%. 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 IEFA: side by side
| AEG (Aegon Ltd. New York Registry Shares) | IEFA (iShares Core MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +20.6% | +21.8% |
| 5-year return | +132.6% | +54.5% |
| Volatility (ann.) | 24.5% | 15.0% |
| Beta vs S&P 500 | 1.00 | 0.77 |
| Max drawdown (3Y) | -18.4% | -13.8% |
| Market cap | $13.6B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 4.56% | 3.35% |
| Expense ratio | – | 0.07% |
| Assets under management | – | $190.1B |
| Sector / category | US Listed | ETF · International |
IEFA, iShares's Foreign Large Blend fund, carries $190.1B under management, 1620 holdings, a 0.07% expense ratio, a 3.35% trailing dividend yield.
Year-by-year returns
| Year | AEG | IEFA |
|---|---|---|
| 2022 | +6.5% | -15.2% |
| 2023 | +21.2% | +18.0% |
| 2024 | +8.4% | +3.3% |
| 2025 | +35.1% | +32.1% |
| 2026 | +22.2% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEG and IEFA good diversifiers for each other?
Only partially. A correlation of 0.65 means AEG and IEFA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AEG and IEFA?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.57 over the last year and 0.66 over 5 years.
Is IEFA a good diversifier for AEG?
Only partially. A correlation of 0.65 means AEG and IEFA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeg-vs-iefa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeg-vs-iefa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEG correlations · IEFA correlations
