EFA vs TLK: Correlation
iShares MSCI EAFE ETF (EFA) and PT Telekomunikasi Indonesia, Tbk (TLK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and TLK?
Across a 3-year window, the weekly returns of EFA and TLK correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 202.6 %².
Among the 109 assets we track against EFA, TLK ranks #91 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EFA outperformed by 41.2 percentage points (+21.9% for EFA against -19.3% for TLK). One caveat on sizing: TLK is 1.9 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 TLK: side by side
| EFA (iShares MSCI EAFE ETF) | TLK (PT Telekomunikasi Indonesia, Tbk) | |
|---|---|---|
| 1-year return | +21.9% | -19.3% |
| 5-year return | +56.7% | -18.1% |
| Volatility (ann.) | 14.9% | 27.9% |
| Beta vs S&P 500 | 0.77 | 0.66 |
| Max drawdown (3Y) | -14.1% | -47.6% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 3.19% | 0.00% |
| 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 | TLK |
|---|---|---|
| 2022 | -14.4% | -14.6% |
| 2023 | +18.4% | +12.6% |
| 2024 | +3.5% | -32.3% |
| 2025 | +31.5% | +37.8% |
| 2026 | +14.3% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and TLK good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EFA and TLK?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.45 over the last year and 0.32 over 5 years.
Is TLK a good diversifier for EFA?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efa-vs-tlk.json
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[](https://www.pairbook.io/pair/efa-vs-tlk/)
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Related comparisons
Hubs: EFA correlations · TLK correlations
