IEFA vs PUK: Correlation
iShares Core MSCI EAFE ETF (IEFA) and Prudential Public Limited Company (PUK) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEFA and PUK?
On 3 years of weekly data the IEFA/PUK correlation comes out at 0.62, strong. The past 12 months show a weaker link (0.42) than the 3-year average (0.62). The 5-year figure is 0.67, and annualized covariance runs at 261.8 %².
Among the 111 assets we track against IEFA, PUK ranks #60 by 3-year correlation. On 12-month performance IEFA holds a 12.6-point edge, +21.8% against +9.2%. Note the risk asymmetry: PUK runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PUK: side by side
| IEFA (iShares Core MSCI EAFE ETF) | PUK (Prudential Public Limited Company) | |
|---|---|---|
| 1-year return | +21.8% | +9.2% |
| 5-year return | +54.5% | -26.0% |
| Volatility (ann.) | 15.0% | 28.0% |
| Beta vs S&P 500 | 0.77 | 0.87 |
| Max drawdown (3Y) | -13.8% | -41.8% |
| Market cap | – | $34.4B |
| P/E (trailing) | – | 9.9 |
| Dividend yield | 3.35% | 0.00% |
| 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 | PUK |
|---|---|---|
| 2022 | -15.2% | -19.1% |
| 2023 | +18.0% | -17.0% |
| 2024 | +3.3% | -27.3% |
| 2025 | +32.1% | +99.3% |
| 2026 | +14.5% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEFA and PUK good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IEFA and PUK?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.42 over the last year and 0.67 over 5 years.
Is PUK a good diversifier for IEFA?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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-puk.json
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[](https://www.pairbook.io/pair/iefa-vs-puk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IEFA correlations · PUK correlations
