ALV vs IEFA: Correlation
Autoliv, Inc. (ALV) and iShares Core MSCI EAFE ETF (IEFA) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALV and IEFA?
Over the past 3 years, ALV and IEFA moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 237.9 %².
In ALV's tracked universe of 16 assets, IEFA sits right near the top at #2. The last year tells two different stories: IEFA led by 20.5 percentage points, +1.3% for ALV against +21.8% for IEFA. Risk is not evenly split, since ALV carries 1.7 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.
ALV vs IEFA: side by side
| ALV (Autoliv, Inc.) | IEFA (iShares Core MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +1.3% | +21.8% |
| 5-year return | +58.0% | +54.5% |
| Volatility (ann.) | 25.8% | 15.0% |
| Beta vs S&P 500 | 0.88 | 0.77 |
| Max drawdown (3Y) | -39.3% | -13.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 2.80% | 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 | ALV | IEFA |
|---|---|---|
| 2022 | -23.5% | -15.2% |
| 2023 | +48.0% | +18.0% |
| 2024 | -12.7% | +3.3% |
| 2025 | +29.2% | +32.1% |
| 2026 | +5.1% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ALV represents 0.76% of IEFA's portfolio, so part of any move in IEFA is ALV itself, and the correlation between them is partly mechanical.
Are ALV and IEFA good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALV and IEFA?
As of 2026-08-27, the correlation of weekly returns between ALV and IEFA is 0.62 over 3 years, 0.56 over 1 year and 0.65 over 5 years.
Is IEFA a good diversifier for ALV?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/alv-vs-iefa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alv-vs-iefa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALV correlations · IEFA correlations
