IEFA vs TLK: Correlation
iShares Core MSCI EAFE ETF (IEFA) and PT Telekomunikasi Indonesia, Tbk (TLK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEFA and TLK?
Over the past 3 years, IEFA and TLK moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 205.3 %².
Within IEFA's tracked universe of 111 assets, TLK comes in at #92 by 3-year correlation. The last year tells two different stories: IEFA led by 41.1 percentage points, +21.8% for IEFA against -19.3% for TLK. One caveat on sizing: TLK is 1.9 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 TLK: side by side
| IEFA (iShares Core MSCI EAFE ETF) | TLK (PT Telekomunikasi Indonesia, Tbk) | |
|---|---|---|
| 1-year return | +21.8% | -19.3% |
| 5-year return | +54.5% | -18.1% |
| Volatility (ann.) | 15.0% | 27.9% |
| Beta vs S&P 500 | 0.77 | 0.66 |
| Max drawdown (3Y) | -13.8% | -47.6% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 3.35% | 0.00% |
| Expense ratio | 0.07% | – |
| Assets under management | $190.1B | – |
| Sector / category | ETF · International | US Listed |
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 | IEFA | TLK |
|---|---|---|
| 2022 | -15.2% | -14.6% |
| 2023 | +18.0% | +12.6% |
| 2024 | +3.3% | -32.3% |
| 2025 | +32.1% | +37.8% |
| 2026 | +14.5% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEFA and TLK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IEFA and TLK?
The IEFA/TLK correlation stands at 0.49 on a 3-year window (1 year: 0.46, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is TLK a good diversifier for IEFA?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iefa-vs-tlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iefa-vs-tlk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IEFA correlations · TLK correlations
