EFAA vs RFDI
Invesco MSCI EAFE Income Advantage ETF vs First Trust RiverFront Dynamic Developed International ETF
Which is better, EFAA or RFDI?
RFDI has been ahead.
EFAA has a lower expense ratio. RFDI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. RFDI is less concentrated, with 22.7% of the fund in its ten largest positions against 29.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EFAA | RFDI |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.83% |
| AUM | $677M | $168M |
| Dividend Yield | 8.42% | 3.08% |
| Holdings | 708 | 157 |
| Volatility (annualized) | 8.3%Best | 10.4% |
| Max Drawdown | -12.0%Best | -13.4% |
| $10,000 over 2.2 years | $13,491 | $15,210Best |
| Top 10 Weight | 29.9% | 22.7%Best |
| Fund Family | Invesco (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 17, 2024 | Apr 14, 2016 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 33 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. EFAA has data through Oct 14, 2026 and RFDI through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 17, 2024 to Sep 11, 2026 (2.2 years).
Risk: Volatility and Drawdowns
RFDI has been the more volatile fund, with annualized monthly volatility of 10.4% compared with 8.3% for EFAA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for EFAA and -13.4% for RFDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EFAA charges 0.39% per year while RFDI charges 0.83%. On a $10,000 position that is $39 vs $83 annually, a gap of $44 per year that compounds over a long holding period. On income, EFAA currently yields 8.42% against 3.08% for RFDI.
Holdings Overlap
16.6% of EFAA's money is in holdings RFDI also owns. 58.8% of RFDI's money is in holdings EFAA also owns.
The two portfolios partly overlap.
71 positions in common, counted across the 657 positions we hold weights for in EFAA and 147 in RFDI, against full books of 708 and 157.
What only one of them owns
Our book lists 0 positions for RFDI that do not appear in our book for EFAA (3.4% of the fund), and 18 for EFAA that do not appear in RFDI (24.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EFAA | Weight in RFDI | Difference |
|---|---|---|---|
| HSBA:LNHsbc Holdings Plc | 1.25% | 3.27% | 2.02% |
| 6857:JPAdvantest Corp | 0.53% | 3.66% | 3.13% |
| NOVN:SMNovartis Ag Ordinary Shares | 0.87% | 2.02% | 1.15% |
| UBSG:SMUbs Group Ag Ordinary Shares | 0.59% | 1.99% | 1.40% |
| ALV:BEAllianz SE Ordinary Shares | 0.67% | 1.70% | 1.03% |
| ABB:MBABB Ltd. - Ordinary Shares | 0.51% | 1.78% | 1.27% |
| BNP:PABnp Paribas Sa | 0.41% | 1.87% | 1.46% |
| BARC:LNBarclays Plc | 0.31% | 1.93% | 1.62% |
| BHP:AUBHP Group Limited Ordinary Shares | 0.78% | 1.14% | 0.36% |
| BP:LNBp Plc Common Stock Gbp | 0.42% | 1.33% | 0.91% |
58.8% of RFDI is already inside EFAA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EFAA or RFDI?
EFAA has an expense ratio of 0.39% while RFDI charges 0.83%. EFAA is the cheaper option, by $44 a year on a $10,000 investment.
Which is riskier, EFAA or RFDI?
RFDI has been the more volatile fund at 10.4% annualized versus 8.3% for EFAA. Worst drawdown: EFAA -12.0% vs RFDI -13.4%.
Should I hold both EFAA and RFDI?
EFAA and RFDI have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EFAA and RFDI?
58.8% of RFDI's money is in holdings EFAA also owns. 58.8% of RFDI's is in holdings EFAA also owns. They hold 71 positions in common, counted across the 657 positions we hold weights for in EFAA and 147 in RFDI.
Which pays a higher dividend, EFAA or RFDI?
EFAA yields 8.42% while RFDI yields 3.08%, so EFAA currently pays the higher dividend yield.
Is RFDI better than EFAA?
EFAA has a lower expense ratio. RFDI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. RFDI is less concentrated, with 22.7% of the fund in its ten largest positions against 29.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.