EFA vs KB: Correlation
iShares MSCI EAFE ETF (EFA) and KB Financial Group Inc (KB) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and KB?
Across a 3-year window, the weekly returns of EFA and KB correlate at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.44 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 244.7 %².
Within EFA's tracked universe of 109 assets, KB comes in at #96 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KB outperformed by 33.3 percentage points (+21.9% for EFA against +55.2% for KB). Note the risk asymmetry: KB runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 KB: side by side
| EFA (iShares MSCI EAFE ETF) | KB (KB Financial Group Inc) | |
|---|---|---|
| 1-year return | +21.9% | +55.2% |
| 5-year return | +56.7% | +221.4% |
| Volatility (ann.) | 14.9% | 37.2% |
| Beta vs S&P 500 | 0.77 | 0.96 |
| Max drawdown (3Y) | -14.1% | -34.4% |
| Market cap | – | $42.6B |
| P/E (trailing) | – | 9.9 |
| Dividend yield | 3.19% | 3998.84% |
| 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 | KB |
|---|---|---|
| 2022 | -14.4% | -11.3% |
| 2023 | +18.4% | +10.3% |
| 2024 | +3.5% | +45.2% |
| 2025 | +31.5% | +55.5% |
| 2026 | +14.3% | +41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and KB good diversifiers for each other?
Reasonably. At 0.44, EFA and KB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EFA and KB?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.54 over the last year and 0.51 over 5 years.
Is KB a good diversifier for EFA?
Reasonably. At 0.44, EFA and KB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/efa-vs-kb.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EFA correlations · KB correlations
