EFA vs MUFG: Correlation
How closely do iShares MSCI EAFE ETF (EFA) and Mitsubishi UFJ Financial Group, Inc. (MUFG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and MUFG?
Over the past 3 years, EFA and MUFG moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 257.7 %².
Among the 109 assets we track against EFA, MUFG ranks #72 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MUFG ahead by 25.0 points (+21.9% versus +46.9%). Risk is not evenly split, since MUFG carries 2.1 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 MUFG: side by side
| EFA (iShares MSCI EAFE ETF) | MUFG (Mitsubishi UFJ Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +21.9% | +46.9% |
| 5-year return | +56.7% | +338.5% |
| Volatility (ann.) | 14.9% | 30.7% |
| Beta vs S&P 500 | 0.77 | 0.98 |
| Max drawdown (3Y) | -14.1% | -26.6% |
| Market cap | – | $252.6B |
| P/E (trailing) | – | 16.7 |
| Dividend yield | 3.19% | 383.24% |
| 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 | MUFG |
|---|---|---|
| 2022 | -14.4% | +22.2% |
| 2023 | +18.4% | +29.1% |
| 2024 | +3.5% | +40.1% |
| 2025 | +31.5% | +38.0% |
| 2026 | +14.3% | +41.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and MUFG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFA and MUFG?
As of 2026-08-27, the correlation of weekly returns between EFA and MUFG is 0.56 over 3 years, 0.49 over 1 year and 0.54 over 5 years.
Is MUFG a good diversifier for EFA?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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-mufg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/efa-vs-mufg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EFA correlations · MUFG correlations
