EFA vs IFF: Correlation
iShares MSCI EAFE ETF (EFA) and International Flavors & Fragrances (IFF) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and IFF?
On 3 years of weekly data the EFA/IFF correlation comes out at 0.51, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.51). The 5-year figure is 0.57, and annualized covariance runs at 225.6 %².
Within EFA's tracked universe of 109 assets, IFF comes in at #87 by 3-year correlation. On 12-month performance IFF holds a 11.3-point edge, +21.9% against +33.2%. Stability stands out here, with the rolling one-year correlation confined to 0.41 through 0.63. Risk is not evenly split, since IFF carries 2.0 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.
EFA vs IFF: side by side
| EFA (iShares MSCI EAFE ETF) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +21.9% | +33.2% |
| 5-year return | +56.7% | -34.3% |
| Volatility (ann.) | 14.9% | 29.5% |
| Beta vs S&P 500 | 0.77 | 0.69 |
| Max drawdown (3Y) | -14.1% | -42.6% |
| Market cap | – | $22.2B |
| P/E (trailing) | – | – |
| Dividend yield | 3.19% | 1.84% |
| Expense ratio | 0.32% | – |
| Assets under management | $78.0B | – |
| Sector / category | ETF · International | Materials |
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 | EFA | IFF |
|---|---|---|
| 2022 | -14.4% | -28.3% |
| 2023 | +18.4% | -19.5% |
| 2024 | +3.5% | +6.3% |
| 2025 | +31.5% | -18.4% |
| 2026 | +14.3% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and IFF good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFA and IFF?
The EFA/IFF correlation stands at 0.51 on a 3-year window (1 year: 0.63, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is IFF a good diversifier for EFA?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/efa-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efa-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFA correlations · IFF correlations
