EFA vs ING: Correlation
iShares MSCI EAFE ETF (EFA) and ING Group, N.V. (ING) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and ING?
Across a 3-year window, the weekly returns of EFA and ING correlate at 0.74, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 304.5 %².
Among the 109 assets we track against EFA, ING ranks #31 by 3-year correlation. The last year tells two different stories: ING led by 30.6 percentage points, +21.9% for EFA against +52.5% for ING. One caveat on sizing: ING is 1.8 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.
EFA vs ING: side by side
| EFA (iShares MSCI EAFE ETF) | ING (ING Group, N.V.) | |
|---|---|---|
| 1-year return | +21.9% | +52.5% |
| 5-year return | +56.7% | +269.9% |
| Volatility (ann.) | 14.9% | 27.5% |
| Beta vs S&P 500 | 0.77 | 0.94 |
| Max drawdown (3Y) | -14.1% | -19.9% |
| Market cap | – | $100.1B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | 3.19% | 3.19% |
| 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 | ING |
|---|---|---|
| 2022 | -14.4% | -4.2% |
| 2023 | +18.4% | +31.9% |
| 2024 | +3.5% | +12.2% |
| 2025 | +31.5% | +88.3% |
| 2026 | +14.3% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and ING good diversifiers for each other?
Only partially. A correlation of 0.74 means EFA and ING share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EFA and ING?
The EFA/ING correlation stands at 0.74 on a 3-year window (1 year: 0.73, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is ING a good diversifier for EFA?
Only partially. A correlation of 0.74 means EFA and ING share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 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-ing.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/efa-vs-ing/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EFA correlations · ING correlations
