EFA vs LEVI: Correlation
How closely do iShares MSCI EAFE ETF (EFA) and Levi Strauss & Co (LEVI) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and LEVI?
Across a 3-year window, the weekly returns of EFA and LEVI correlate at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.51 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 269.4 %².
By 3-year correlation, LEVI places #88 of the 109 assets tracked against EFA. Their recent paths diverged sharply: over the last 12 months EFA outperformed by 24.4 percentage points (+21.9% for EFA against -2.5% for LEVI). Risk is not evenly split, since LEVI carries 2.4 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 LEVI: side by side
| EFA (iShares MSCI EAFE ETF) | LEVI (Levi Strauss & Co) | |
|---|---|---|
| 1-year return | +21.9% | -2.5% |
| 5-year return | +56.7% | -10.8% |
| Volatility (ann.) | 14.9% | 35.5% |
| Beta vs S&P 500 | 0.77 | 1.05 |
| Max drawdown (3Y) | -14.1% | -47.5% |
| Market cap | – | $8.1B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 3.19% | 2.61% |
| Expense ratio | 0.32% | – |
| Assets under management | $78.0B | – |
| Sector / category | ETF · International | US Listed |
On the fund side, EFA sits in the Foreign Large Blend category at iShares, with $78.0B under management, 666 holdings, a 0.32% expense ratio, a 3.19% trailing dividend yield.
Year-by-year returns
| Year | EFA | LEVI |
|---|---|---|
| 2022 | -14.4% | -36.5% |
| 2023 | +18.4% | +10.0% |
| 2024 | +3.5% | +7.5% |
| 2025 | +31.5% | +23.4% |
| 2026 | +14.3% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and LEVI good diversifiers for each other?
Only partially. A correlation of 0.51 means EFA and LEVI 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 LEVI?
As of 2026-08-27, the correlation of weekly returns between EFA and LEVI is 0.51 over 3 years, 0.66 over 1 year and 0.55 over 5 years.
Is LEVI a good diversifier for EFA?
Only partially. A correlation of 0.51 means EFA and LEVI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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-levi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efa-vs-levi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFA correlations · LEVI correlations
