DD vs EFA: Correlation
Measured on weekly returns over the past three years, DuPont (DD) and iShares MSCI EAFE ETF (EFA) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and EFA?
Across a 3-year window, the weekly returns of DD and EFA correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 239.7 %².
Within DD's tracked universe of 34 assets, EFA comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DD ahead by 22.8 points (+44.7% versus +21.9%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 to 0.75. One caveat on sizing: DD is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DD vs EFA: side by side
| DD (DuPont) | EFA (iShares MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +44.7% | +21.9% |
| 5-year return | +64.0% | +56.7% |
| Volatility (ann.) | 28.8% | 14.9% |
| Beta vs S&P 500 | 0.93 | 0.77 |
| Max drawdown (3Y) | -37.8% | -14.1% |
| Market cap | $18.7B | – |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 2.20% | 3.19% |
| Expense ratio | – | 0.32% |
| Assets under management | – | $78.0B |
| Sector / category | Industrials | 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 | DD | EFA |
|---|---|---|
| 2022 | -13.4% | -14.4% |
| 2023 | +14.4% | +18.4% |
| 2024 | +1.0% | +3.5% |
| 2025 | +28.7% | +31.5% |
| 2026 | +16.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and EFA good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DD and EFA?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.56 over the last year and 0.65 over 5 years.
Is EFA a good diversifier for DD?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
Use this data
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Related comparisons
Hubs: DD correlations · EFA correlations
