EFA vs PHG: Correlation
How closely do iShares MSCI EAFE ETF (EFA) and Koninklijke Philips N.V. NY Registry Shares (PHG) 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 PHG?
Over the past 3 years, EFA and PHG moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.56). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 278.2 %².
By 3-year correlation, PHG places #73 of the 109 assets tracked against EFA. Their recent paths diverged sharply: over the last 12 months EFA outperformed by 20.9 percentage points (+21.9% for EFA against +1.0% for PHG). One caveat on sizing: PHG is 2.2 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 PHG: side by side
| EFA (iShares MSCI EAFE ETF) | PHG (Koninklijke Philips N.V. NY Registry Shares) | |
|---|---|---|
| 1-year return | +21.9% | +1.0% |
| 5-year return | +56.7% | -32.8% |
| Volatility (ann.) | 14.9% | 33.4% |
| Beta vs S&P 500 | 0.77 | 0.92 |
| Max drawdown (3Y) | -14.1% | -33.8% |
| Market cap | – | $26.3B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 3.19% | 3.15% |
| Expense ratio | 0.32% | – |
| Assets under management | $78.0B | – |
| Sector / category | ETF · International | US Listed |
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 | PHG |
|---|---|---|
| 2022 | -14.4% | -57.6% |
| 2023 | +18.4% | +55.6% |
| 2024 | +3.5% | +8.5% |
| 2025 | +31.5% | +11.2% |
| 2026 | +14.3% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and PHG good diversifiers for each other?
Only partially. A correlation of 0.56 means EFA and PHG 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 PHG?
As of 2026-08-27, the correlation of weekly returns between EFA and PHG is 0.56 over 3 years, 0.74 over 1 year and 0.57 over 5 years.
Is PHG a good diversifier for EFA?
Only partially. A correlation of 0.56 means EFA and PHG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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-phg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efa-vs-phg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFA correlations · PHG correlations
