EFA vs IXUS: returns, risk and drawdowns compared
iShares MSCI EAFE ETF against iShares Core MSCI Total International Stock ETF, over the same 14 years (November 2012 to October 2026) with dividends reinvested.
Data updated October 2026
From November 2012 to October 2026, EFA returned 8.0% a year and IXUS 7.7% a year on average, so EFA came out ahead by 0.3% a year. EFA was the more volatile of the two (14.2% against 14.2% a year), and the deepest falls from a month-end high were 27.6% for EFA and 28.4% for IXUS.
The correlation of monthly returns was 0.98: they moved almost in lockstep. Over 133 rolling 3-year periods, EFA did better in 38% and IXUS in 62%.
Side by side
| EFA | IXUS | |
|---|---|---|
| Annual return (CAGR) | +8.0% | +7.7% |
| Total return | +193% | +182% |
| Annual volatility | 14.2% | 14.2% |
| Maximum drawdown (month-end) | −27.6% | −28.4% |
| Worst month | −14.1% | −15.7% |
| Best month | +14.3% | +12.9% |
| Positive months | 62% | 59% |
| Best year | 2025: +31.6% | 2025: +32.4% |
| Worst year | 2022: −14.3% | 2022: −16.5% |
| 1-year return | +12.5% | +14.8% |
| 5 years, a year | +8.6% | +8.2% |
| 10 years, a year | +9.1% | +9.2% |
| Trading currency | USD | USD |
First nine rows: the same 168 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: EFA vs IXUS
Returns by calendar year
| Year | EFA | IXUS |
|---|---|---|
| 2025 | +31.6% | +32.4% |
| 2024 | +3.5% | +5.2% |
| 2023 | +18.4% | +15.8% |
| 2022 | −14.3% | −16.5% |
| 2021 | +11.5% | +8.9% |
| 2020 | +7.6% | +10.8% |
| 2019 | +22.0% | +21.7% |
| 2018 | −13.8% | −14.4% |
| 2017 | +25.1% | +28.1% |
| 2016 | +1.4% | +4.7% |
| 2015 | −1.0% | −4.7% |
| 2014 | −6.2% | −5.0% |
| 2013 | +21.4% | +13.7% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, EFA or IXUS?
From November 2012 to October 2026, EFA returned +8.0% a year and IXUS +7.7% a year, with dividends reinvested. Over rolling 3-year periods EFA did better in 38% of cases. Past returns do not predict future returns.
Which is riskier, EFA or IXUS?
Over the same months annual volatility was 14.2% for EFA and 14.2% for IXUS; the deepest fall from a month-end high was 27.6% and 28.4%, and the worst single month −14.1% and −15.7%.
How correlated are EFA and IXUS?
The correlation of their monthly returns was 0.98: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.