EFA vs VTV: Correlation & Overlap
iShares MSCI EAFE ETF (EFA) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.76. The two funds also share 1.2% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and VTV?
Across a 3-year window, the weekly returns of EFA and VTV correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 134.6 %².
Among the 109 assets we track against EFA, VTV ranks #24 by 3-year correlation. Their 12-month results are close: +21.9% for EFA against +25.7% for VTV. On a rolling one-year basis the correlation drifted between 0.60 and 0.86, a moderate band.
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 VTV: side by side
| EFA (iShares MSCI EAFE ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +21.9% | +25.7% |
| 5-year return | +56.7% | +79.1% |
| Volatility (ann.) | 14.9% | 11.9% |
| Beta vs S&P 500 | 0.77 | 0.65 |
| Max drawdown (3Y) | -14.1% | -14.5% |
| Dividend yield | 3.19% | 1.86% |
| Expense ratio | 0.32% | 0.03% |
| Assets under management | $78.0B | $256.4B |
| Sector / category | ETF · International | ETF · US Style |
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. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between EFA and VTV
The two portfolios are largely distinct. Weighing the shared positions, 1.2% of the two funds is identical, spread across 16 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in EFA | Weight in VTV |
|---|---|---|
| PRU | 0.16% | 0.16% |
| ROP | 1.42% | 0.15% |
| ALL | 0.11% | 0.25% |
| DG | 0.29% | 0.10% |
| DTE | 0.51% | 0.09% |
| MRK | 0.09% | 1.20% |
| HBAN | 0.09% | 0.13% |
| EL | 0.25% | 0.08% |
| ADM | 0.06% | 0.14% |
| SUNB | 0.13% | 0.06% |
| RKT | 0.20% | 0.04% |
| TEL | 0.04% | 0.22% |
| EQT | 0.07% | 0.03% |
| TSCO | 0.18% | 0.03% |
| ADP | 0.02% | 0.40% |
Largest positions held only by EFA: ASML (2.99%), HSBA (1.57%), SAN (1.38%), NOVN (1.28%), SHEL (1.14%). Only by VTV: JPM (3.51%), MU (3.46%), BRK.B (2.99%), XOM (2.40%), JNJ (2.30%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | EFA | VTV |
|---|---|---|
| 2022 | -14.4% | -2.1% |
| 2023 | +18.4% | +9.3% |
| 2024 | +3.5% | +16.0% |
| 2025 | +31.5% | +15.3% |
| 2026 | +14.3% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and VTV good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EFA and VTV?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.77 over the last year and 0.77 over 5 years.
Is VTV a good diversifier for EFA?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
How much do EFA and VTV overlap?
1.2% by weight, across 16 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efa-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efa-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFA correlations · VTV correlations
