IDE vs IEFA: Correlation
Voya Infrastructure, Industrials and Materials Fund (IDE) and iShares Core MSCI EAFE ETF (IEFA) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDE and IEFA?
Over the past 3 years, IDE and IEFA moved with a correlation of 0.73, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.73 over 3. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 177.4 %².
Few assets follow IDE as closely as IEFA, which ranks #1 of 13 tracked partners. Neither side won the trailing year by much: +17.0% against +21.8%.
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.
IDE vs IEFA: side by side
| IDE (Voya Infrastructure, Industrials and Materials Fund) | IEFA (iShares Core MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +17.0% | +21.8% |
| 5-year return | +66.9% | +54.5% |
| Volatility (ann.) | 16.3% | 15.0% |
| Beta vs S&P 500 | 0.73 | 0.77 |
| Max drawdown (3Y) | -18.3% | -13.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 3.35% |
| Expense ratio | – | 0.07% |
| Assets under management | – | $190.1B |
| Sector / category | US Listed | ETF · International |
IEFA, iShares's Foreign Large Blend fund, carries $190.1B under management, 1620 holdings, a 0.07% expense ratio, a 3.35% trailing dividend yield.
Year-by-year returns
| Year | IDE | IEFA |
|---|---|---|
| 2022 | -16.5% | -15.2% |
| 2023 | +22.0% | +18.0% |
| 2024 | +10.9% | +3.3% |
| 2025 | +34.6% | +32.1% |
| 2026 | +13.2% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDE and IEFA good diversifiers for each other?
Only partially. A correlation of 0.73 means IDE and IEFA 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 IDE and IEFA?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.73 over the last year and 0.74 over 5 years.
Is IEFA a good diversifier for IDE?
Only partially. A correlation of 0.73 means IDE and IEFA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/ide-vs-iefa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ide-vs-iefa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDE correlations · IEFA correlations
