AOD vs EFA: Correlation
abrdn Total Dynamic Dividend Fund (AOD) and iShares MSCI EAFE ETF (EFA) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and EFA?
Over the past 3 years, AOD and EFA moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.80 over 3. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 184.7 %².
Among the 26 assets we track against AOD, EFA ranks #7 by 3-year correlation. Over the last 12 months AOD came out ahead by 9.9 percentage points (+31.8% against +21.9%).
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.
AOD vs EFA: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | EFA (iShares MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +31.8% | +21.9% |
| 5-year return | +70.1% | +56.7% |
| Volatility (ann.) | 15.4% | 14.9% |
| Beta vs S&P 500 | 0.81 | 0.77 |
| Max drawdown (3Y) | -16.7% | -14.1% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | 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 | AOD | EFA |
|---|---|---|
| 2022 | -17.1% | -14.4% |
| 2023 | +12.7% | +18.4% |
| 2024 | +16.1% | +3.5% |
| 2025 | +32.1% | +31.5% |
| 2026 | +18.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and EFA good diversifiers for each other?
No: a correlation of 0.80 means AOD and EFA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AOD and EFA?
The AOD/EFA correlation stands at 0.80 on a 3-year window (1 year: 0.79, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is EFA a good diversifier for AOD?
No: a correlation of 0.80 means AOD and EFA tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AOD correlations · EFA correlations
