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Asset Class: International Developed ex-U.S. Market
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Long-Term Performance: 6.85% CAGR
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Correlation to U.S. Markets: 0.72
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U.S. Large Cap Blend Performance: 10.58% CAGR
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Back test timeframe: January 1986 – April 2023
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Oldest ETF back tested: iShares MSCI EAFE ETF (EFA)
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Long-Term Performance: 5.35% CAGR
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Correlation to U.S. Markets: 0.88
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S&P 500 Performance: 8.18% CAGR
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Back test timeframe: September 2001 – April 2023
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Number of ETFs available in this asset class: 147
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Number of ETFs in this asset class that are 10-years old or older: 34
International Developed ex-US Market vs U.S. Large Cap Blend (aka S&P 500): January 1986 – April 2023
EFA vs SPY: September 2001 – April 2023
EFA vs SPY: August 17, 2001 – April 28, 2023
The Deep Value ETF Accumulator rankings for the 34 oldest Foreign Large Cap ETFs:
The 5 top ranked Foreign Large Cap ETFs head-to-head comparisons:
DBEF vs DNL vs EFG vs PID vs VEU: July 2011 – April 2023
DBEF vs DNL vs EFG vs PID vs VEU: June 9, 2011 – April 28, 2023
Stated objectives of 5 top ranked Foreign Large Cap ETFs:
DBEF – Xtrackers MSCI EAFE Hedged Equity ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE U.S. Dollar Hedged Index. The Index is designed to provide exposure to equity securities in developed international stock markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. At the end of the quarter, the Index included securities from the following 21 countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden,
Switzerland and the United Kingdom.
DNL – WisdomTree Global ex‐U.S. Quality Dividend Growth Fund** seeks to track the investments results of dividend-paying companies with growth characteristics in developed and emerging equity markets, ex-U.S. Gain exposure to targeted developed international and emerging markets, ex-U.S. equity from dividend growing companies with quality and growth characteristics. Use to replace global ex-U.S. passive or active or dividend oriented active managers.
EFG – The iShares MSCI EAFE Growth ETF seeks to track the investment results of an index composed of developed market equities, excluding the U.S. and Canada, that exhibit growth characteristics. Exposure to a broad range of companies in Europe, Australia, Asia, and the Far East whose earnings are expected to grow at an above-average rate relative to the market. Access to a specific category of EAFE stocks. Use to tilt an international stock allocation towards growth stocks.
PID – The Invesco International Dividend Achievers™ ETF (Fund) is based on the NASDAQ International Dividend Achievers™ Index (Index). The Fund will normally invest at least 90% of its total assets in dividend-paying common stocks and other securities that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers™. These companies have increased their aggregate annual regular cash dividend payments consistently for at least each of the last five consecutive years. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December.
VEU – Vanguard FTSE All-World ex-US ETF. Seeks to track the performance of the FTSE All-World ex US Index. Provides a convenient way to get broad exposure across developed and emerging non-U.S. equity markets around the world. Passively managed, using index sampling.
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Previous Deep Value ETF Accumulator articles on Foreign Large Cap ETFs:
4 Best Foreign Large Cap ETFs to Own Long-Term 1.5.2
Disclosure: We currently own shares of DBEF and we intend to buy more shares in the future. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to M1 Finance and Google AdSense.