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BPAY vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BPAY vs. EUFN

Last updated Jun 5, 2026

BPAY (BlackRock Future Financial and Technology ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds. BPAY is actively managed, while EUFN is passively managed. Over the past 3 years, BPAY returned 9.60%/yr vs 31.76%/yr for EUFN. A 0.65 correlation means they provide meaningful diversification when combined. BPAY charges 0.70%/yr vs 0.48%/yr for EUFN.

Performance

BPAY vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Future Financial and Technology ETF (BPAY) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BPAY achieves a -10.58% return, which is significantly lower than EUFN's 2.56% return.

BPAY

1D
2.12%
1M
-1.68%
YTD
-10.58%
6M
-13.16%
1Y
-9.61%
3Y*
9.60%
5Y*
—
10Y*
—

EUFN

1D
1.01%
1M
2.51%
YTD
2.56%
6M
9.62%
1Y
24.30%
3Y*
31.76%
5Y*
17.71%
10Y*
12.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BPAY vs. EUFN - Yearly Performance Comparison

2026 (YTD)2025202420232022
BPAY
BlackRock Future Financial and Technology ETF		-10.58%8.54%17.28%13.19%-16.39%
EUFN
iShares MSCI Europe Financials ETF		2.56%65.73%17.20%26.15%8.79%

Correlation

The correlation between BPAY and EUFN is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Aug 19, 2022

0.65

The correlation between BPAY and EUFN shifts across timeframes, from 0.55 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

BPAY vs. EUFN - Sectors Allocation Comparison

Sectors
BPAY
EUFN

Financial Services

53.0%
97.3%

Technology

36.4%
1.1%

Consumer Cyclical

6.0%
0.2%

Industrials

4.6%
0.4%

Real Estate

2.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Utilities

-

-

Financial Services

BPAY
53.0%
EUFN
97.3%

Technology

BPAY
36.4%
EUFN
1.1%

Consumer Cyclical

BPAY
6.0%
EUFN
0.2%

Industrials

BPAY
4.6%
EUFN
0.4%

Real Estate

BPAY
2.2%
EUFN

-

Basic Materials

BPAY

-

EUFN

-

Communication Services

BPAY

-

EUFN

-

Consumer Defensive

BPAY

-

EUFN

-

Energy

BPAY

-

EUFN

-

Healthcare

BPAY

-

EUFN

-

Utilities

BPAY

-

EUFN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock Future Financial and Technology ETF

iShares MSCI Europe Financials ETF

Often compared with BPAY:
BPAY vs. ARKFBPAY vs. IPAYBPAY vs. IBLCBPAY vs. FDIGBPAY vs. IYFBPAY vs. DFNLBPAY vs. TIME
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

BPAY vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BPAY
BPAY Risk / Return Rank: 66
Overall Rank
BPAY Sharpe Ratio Rank: 66
Sharpe Ratio Rank
BPAY Sortino Ratio Rank: 66
Sortino Ratio Rank
BPAY Omega Ratio Rank: 66
Omega Ratio Rank
BPAY Calmar Ratio Rank: 66
Calmar Ratio Rank
BPAY Martin Ratio Rank: 66
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 3535
Overall Rank
EUFN Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 3535
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3434
Omega Ratio Rank
EUFN Calmar Ratio Rank: 3434
Calmar Ratio Rank
EUFN Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BPAY vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) and iShares MSCI Europe Financials ETF (EUFN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

BPAYEUFNDifference
Sharpe ratioReturn per unit of total volatility
-0.37
1.24

-1.61

Sortino ratioReturn per unit of downside risk
-0.35
1.82

-2.17

Omega ratioGain probability vs. loss probability

0.96

1.22

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.29

1.65

-1.94

Martin ratioReturn relative to average drawdown

-0.56

5.79

-6.35

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPAY vs. EUFN - Sharpe Ratio Comparison

The current BPAY Sharpe Ratio is -0.37, which is lower than the EUFN Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of BPAY and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BPAYEUFNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.37

1.24

-1.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.82

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.27

-0.19

Drawdowns

BPAY vs. EUFN - Drawdown Comparison

The maximum BPAY drawdown since its inception was -33.62%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for BPAY and EUFN.

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Drawdown Indicators

BPAYEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-33.62%

-53.25%

+19.63%

Max Drawdown (1Y)

Largest decline over 1 year

-33.62%

-14.77%

-18.85%

Max Drawdown (3Y)

Largest decline over 3 years

-33.62%

-15.95%

-17.67%

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-24.46%

-2.19%

-22.27%

Average Drawdown

Average peak-to-trough decline

-10.55%

-14.55%

+4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.05%

4.21%

+12.84%

Volatility

BPAY vs. EUFN - Volatility Comparison

BlackRock Future Financial and Technology ETF (BPAY) and iShares MSCI Europe Financials ETF (EUFN) have volatilities of 7.26% and 6.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BPAYEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.26%

6.99%

+0.27%

Volatility (6M)

Calculated over the trailing 6-month period

18.84%

16.56%

+2.28%

Volatility (1Y)

Calculated over the trailing 1-year period

26.06%

19.74%

+6.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.36%

21.81%

+2.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.36%

24.55%

-0.19%

BPAY vs. EUFN - Expense Ratio Comparison

BPAY has a 0.70% expense ratio, which is higher than EUFN's 0.48% expense ratio.

Dividends

BPAY vs. EUFN - Dividend Comparison

BPAY's dividend yield for the trailing twelve months is around 7.25%, more than EUFN's 3.48% yield.

PositionTTM20252024202320222021202020192018201720162015
BPAY
BlackRock Future Financial and Technology ETF		7.25%6.49%0.48%1.18%0.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EUFN
iShares MSCI Europe Financials ETF		3.48%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%

Frequently Asked Questions

BPAY and EUFN have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BPAY has higher volatility (7.26%) compared to EUFN (6.99%). In terms of maximum drawdown, BPAY dropped -33.62% vs EUFN's -53.25%.

On 3-year performance, EUFN leads with 31.76% vs 9.60% for BPAY. On fees, EUFN is cheaper at 0.48% per year. On volatility, EUFN has been the lower-risk option at 6.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, EUFN has performed better with a 31.76% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUFN is cheaper with a 0.48% expense ratio, compared with 0.70% for BPAY.

BPAY has the higher dividend yield at 7.25%, compared with 3.48% for EUFN.

They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.70% for BPAY and 0.48% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.24 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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