AOD vs IEFA: Correlation
abrdn Total Dynamic Dividend Fund (AOD) and iShares Core MSCI EAFE ETF (IEFA) 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 IEFA?
Over the past 3 years, AOD and IEFA moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 185.1 %².
Within AOD's tracked universe of 26 assets, IEFA comes in at #8 by 3-year correlation. Over the last 12 months AOD came out ahead by 10.0 percentage points (+31.8% against +21.8%).
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 IEFA: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | IEFA (iShares Core MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +31.8% | +21.8% |
| 5-year return | +70.1% | +54.5% |
| Volatility (ann.) | 15.4% | 15.0% |
| Beta vs S&P 500 | 0.81 | 0.77 |
| Max drawdown (3Y) | -16.7% | -13.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | 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 | AOD | IEFA |
|---|---|---|
| 2022 | -17.1% | -15.2% |
| 2023 | +12.7% | +18.0% |
| 2024 | +16.1% | +3.3% |
| 2025 | +32.1% | +32.1% |
| 2026 | +18.1% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and IEFA good diversifiers for each other?
No: a correlation of 0.80 means AOD and IEFA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AOD and IEFA?
As of 2026-08-27, the correlation of weekly returns between AOD and IEFA is 0.80 over 3 years, 0.79 over 1 year and 0.84 over 5 years.
Is IEFA a good diversifier for AOD?
No: a correlation of 0.80 means AOD and IEFA 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aod-vs-iefa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-iefa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOD correlations · IEFA correlations
