IEFA vs ING: Correlation
How closely do iShares Core MSCI EAFE ETF (IEFA) and ING Group, N.V. (ING) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEFA and ING?
On 3 years of weekly data the IEFA/ING correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 304.7 %².
Among the 111 assets we track against IEFA, ING ranks #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ING outperformed by 30.7 percentage points (+21.8% for IEFA against +52.5% for ING). One caveat on sizing: ING is 1.8 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.
IEFA vs ING: side by side
| IEFA (iShares Core MSCI EAFE ETF) | ING (ING Group, N.V.) | |
|---|---|---|
| 1-year return | +21.8% | +52.5% |
| 5-year return | +54.5% | +269.9% |
| Volatility (ann.) | 15.0% | 27.5% |
| Beta vs S&P 500 | 0.77 | 0.94 |
| Max drawdown (3Y) | -13.8% | -19.9% |
| Market cap | – | $100.1B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | 3.35% | 3.19% |
| Expense ratio | 0.07% | – |
| Assets under management | $190.1B | – |
| Sector / category | ETF · International | US Listed |
On the fund side, IEFA sits in the Foreign Large Blend category at iShares, with $190.1B under management, 1620 holdings, a 0.07% expense ratio, a 3.35% trailing dividend yield.
Year-by-year returns
| Year | IEFA | ING |
|---|---|---|
| 2022 | -15.2% | -4.2% |
| 2023 | +18.0% | +31.9% |
| 2024 | +3.3% | +12.2% |
| 2025 | +32.1% | +88.3% |
| 2026 | +14.5% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEFA and ING good diversifiers for each other?
To a limited degree. At 0.74 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 IEFA and ING?
As of 2026-08-27, the correlation of weekly returns between IEFA and ING is 0.74 over 3 years, 0.72 over 1 year and 0.72 over 5 years.
Is ING a good diversifier for IEFA?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 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/iefa-vs-ing.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iefa-vs-ing/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IEFA correlations · ING correlations
