iShares MSCI EAFE ETF (EFA) — Stock Correlations & Overview
Over the past year, EFA has moved most closely with IEFA, ESGD, IDEV. Explore the stocks most correlated and inversely correlated with EFA below, along with its price, financials, and company profile.
Stocks correlated with EFA
Correlation of daily returns. Higher positive values move with EFA; negative values move opposite it. Informational only, not investment advice.
Most correlated with EFA
| Symbol | Company | Correlation |
|---|---|---|
| IEFA | iShares Core MSCI EAFE ETF | 1.00 |
| ESGD | iShares Trust iShares ESG Aware MSCI EAFE ETF | 1.00 |
| IDEV | iShares Core MSCI International Developed Markets ETF | 0.99 |
| INTF | iShares International Equity Factor ETF | 0.99 |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 0.99 |
Frequently asked questions about EFA correlations
- Which stocks are most correlated with EFA?
- Based on one year of daily returns, the stocks most correlated with iShares MSCI EAFE ETF (EFA) are IEFA (1.00), ESGD (1.00) and IDEV (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with EFA?
- Over the past year, the stocks most inversely correlated with iShares MSCI EAFE ETF (EFA) are EFU (-0.96), EPV (-0.95) and EFZ (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these EFA correlations calculated?
- We compute the correlation of daily returns between EFA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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