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EFAA vs IYLD

Invesco MSCI EAFE Income Advantage ETF vs iShares Morningstar Multi-Asset Income ETF

EFAA

Invesco MSCI EAFE Income Advantage ETF

Annual cost

0.39%

Fund size

$505M

IYLD

iShares Morningstar Multi-Asset Income ETF

Annual cost

0.50%

Fund size

$128M

Key differences

  • EFAA costs 0.11% less per year.
  • EFAA is significantly larger than IYLD — larger funds tend to be more liquid and less likely to close.
  • EFAA is classified as alternative, while IYLD is mixed asset — different risk/return profiles.
  • EFAA follows a option income strategy; IYLD uses active selection.
  • IYLD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EFAAIYLD
Annual cost (TER)0.39%0.50%
Fund size (AUM)$505M$128M
Since20242012
Dividend yield8.11%4.56%
Asset classalternativemixed asset
Region
Strategyoption incomeactive selection
CAGR 1Y+16.3%+13.1%
CAGR 3YN/A+11.0%
CAGR 5YN/A+3.4%
Sharpe 3YN/A1.11
Volatility 1Y12.12%5.82%
Max drawdown-11.97%-30.23%

Similar to EFAA and IYLD