iShares Core MSCI EAFE ETF (IEFA) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
iShares Core MSCI EAFE ETF (IEFA) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $181.98B, listed on CBOE, carrying a beta of 0.91 to the broader market. The iShares Core MSCI EAFE ETF seeks to track the investment results of an index composed of large-, mid- and small-capitalization developed market equities, excluding the U. public since 2012-10-24.
Snapshot as of May 15, 2026.
- Spot Price
- $95.25
- ATM IV
- 20.8%
- HV 20-Day
- 20.4%
- HV 60-Day
- 23.3%
- IV Rank
- 44.7%
- IV Percentile
- 81.7%
As of May 15, 2026, iShares Core MSCI EAFE ETF (IEFA) ATM implied volatility is 20.8%. 20-day realized volatility is 20.4%, producing an IV-HV spread of +0.4 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 44.7%.
How IEFA iv/hv history Data Feeds Strategy Selection
Strategy selection on iShares Core MSCI EAFE ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 20.8% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked IEFA iv/hv history questions
- Is IEFA options pricing rich or cheap right now?
- As of May 15, 2026, iShares Core MSCI EAFE ETF (IEFA) ATM IV is 20.8% against 20-day realized volatility of 20.4%. IV rank is 44.7%. IEFA options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 0.4 vol points.
- What is the IEFA variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. IEFA is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does IEFA IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. IEFA's current rank of 44.7% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.