EFA vs IDE: Correlation
iShares MSCI EAFE ETF (EFA) and Voya Infrastructure, Industrials and Materials Fund (IDE) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and IDE?
On 3 years of weekly data the EFA/IDE correlation comes out at 0.72, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 175.0 %².
By 3-year correlation, IDE places #35 of the 109 assets tracked against EFA. Their 12-month results are close: +21.9% for EFA against +17.0% for IDE.
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.
EFA vs IDE: side by side
| EFA (iShares MSCI EAFE ETF) | IDE (Voya Infrastructure, Industrials and Materials Fund) | |
|---|---|---|
| 1-year return | +21.9% | +17.0% |
| 5-year return | +56.7% | +66.9% |
| Volatility (ann.) | 14.9% | 16.3% |
| Beta vs S&P 500 | 0.77 | 0.73 |
| Max drawdown (3Y) | -14.1% | -18.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 3.19% | 0.00% |
| Expense ratio | 0.32% | – |
| Assets under management | $78.0B | – |
| Sector / category | ETF · International | US Listed |
EFA, iShares's Foreign Large Blend fund, carries $78.0B under management, 666 holdings, a 0.32% expense ratio, a 3.19% trailing dividend yield.
Year-by-year returns
| Year | EFA | IDE |
|---|---|---|
| 2022 | -14.4% | -16.5% |
| 2023 | +18.4% | +22.0% |
| 2024 | +3.5% | +10.9% |
| 2025 | +31.5% | +34.6% |
| 2026 | +14.3% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and IDE good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFA and IDE?
The EFA/IDE correlation stands at 0.72 on a 3-year window (1 year: 0.72, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is IDE a good diversifier for EFA?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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
$ curl https://www.pairbook.io/api/v1/pairs/efa-vs-ide.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/efa-vs-ide/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EFA correlations · IDE correlations
