IEFA vs KB: Correlation
How closely do iShares Core MSCI EAFE ETF (IEFA) and KB Financial Group Inc (KB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEFA and KB?
Over the past 3 years, IEFA and KB moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.44). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 244.1 %².
Among the 111 assets we track against IEFA, KB ranks #96 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KB ahead by 33.4 points (+21.8% versus +55.2%). Risk is not evenly split, since KB carries 2.5 times the volatility of the other side.
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 KB: side by side
| IEFA (iShares Core MSCI EAFE ETF) | KB (KB Financial Group Inc) | |
|---|---|---|
| 1-year return | +21.8% | +55.2% |
| 5-year return | +54.5% | +221.4% |
| Volatility (ann.) | 15.0% | 37.2% |
| Beta vs S&P 500 | 0.77 | 0.96 |
| Max drawdown (3Y) | -13.8% | -34.4% |
| Market cap | – | $42.6B |
| P/E (trailing) | – | 9.9 |
| Dividend yield | 3.35% | 3998.84% |
| Expense ratio | 0.07% | – |
| Assets under management | $190.1B | – |
| Sector / category | ETF · International | US Listed |
IEFA is a Foreign Large Blend fund from iShares: $190.1B under management, 1620 holdings, a 0.07% expense ratio, a 3.35% trailing dividend yield.
Year-by-year returns
| Year | IEFA | KB |
|---|---|---|
| 2022 | -15.2% | -11.3% |
| 2023 | +18.0% | +10.3% |
| 2024 | +3.3% | +45.2% |
| 2025 | +32.1% | +55.5% |
| 2026 | +14.5% | +41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEFA and KB good diversifiers for each other?
Reasonably. At 0.44, IEFA and KB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IEFA and KB?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.54 over the last year and 0.51 over 5 years.
Is KB a good diversifier for IEFA?
Reasonably. At 0.44, IEFA and KB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IEFA correlations · KB correlations
