IEFA vs LEVI: Correlation
iShares Core MSCI EAFE ETF (IEFA) and Levi Strauss & Co (LEVI) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEFA and LEVI?
Across a 3-year window, the weekly returns of IEFA and LEVI correlate at 0.51, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.51). Stretching to 5 years gives 0.55, with an annualized covariance of 270.9 %².
Among the 111 assets we track against IEFA, LEVI ranks #90 by 3-year correlation. The last year tells two different stories: IEFA led by 24.3 percentage points, +21.8% for IEFA against -2.5% for LEVI. One caveat on sizing: LEVI is 2.4 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 LEVI: side by side
| IEFA (iShares Core MSCI EAFE ETF) | LEVI (Levi Strauss & Co) | |
|---|---|---|
| 1-year return | +21.8% | -2.5% |
| 5-year return | +54.5% | -10.8% |
| Volatility (ann.) | 15.0% | 35.5% |
| Beta vs S&P 500 | 0.77 | 1.05 |
| Max drawdown (3Y) | -13.8% | -47.5% |
| Market cap | – | $8.1B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 3.35% | 2.61% |
| 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 | LEVI |
|---|---|---|
| 2022 | -15.2% | -36.5% |
| 2023 | +18.0% | +10.0% |
| 2024 | +3.3% | +7.5% |
| 2025 | +32.1% | +23.4% |
| 2026 | +14.5% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEFA and LEVI good diversifiers for each other?
To a limited degree. At 0.51 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 LEVI?
The IEFA/LEVI correlation stands at 0.51 on a 3-year window (1 year: 0.66, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is LEVI a good diversifier for IEFA?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/iefa-vs-levi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iefa-vs-levi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IEFA correlations · LEVI correlations
