PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EFNL vs. BBEU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFNL vs. BBEU

Last updated Aug 2, 2026
Documentation

EFNL (iShares MSCI Finland ETF) and BBEU (JPMorgan BetaBuilders Europe ETF) are both Europe Equities funds - EFNL tracks the MSCI Finland IMI 25/50 Index while BBEU tracks the Morningstar Developed Europe Target Market Exposure Index. Both are passively managed. Over the past 5 years, EFNL returned 3.99%/yr vs 9.83%/yr for BBEU. Their correlation of 0.82 means they have usually moved in the same direction. EFNL charges 0.53%/yr vs 0.09%/yr for BBEU.

Performance

EFNL vs. BBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Finland ETF (EFNL) and JPMorgan BetaBuilders Europe ETF (BBEU). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EFNL achieves a 9.24% return, which is significantly lower than BBEU's 10.17% return.

EFNL

1D
-0.09%
1M
-0.57%
6M
6.20%
YTD
9.24%
1Y
30.08%
3Y*
18.45%
5Y*
3.99%
10Y*
8.71%
ALL TIME*
8.58%

BBEU

1D
-0.43%
1M
0.89%
6M
5.48%
YTD
10.17%
1Y
24.74%
3Y*
16.80%
5Y*
9.83%
10Y*
—
ALL TIME*
9.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BBEU

JPMorgan BetaBuilders Europe ETF
$16.13M$18.88M$27.96M

EFNL

iShares MSCI Finland ETF
$520.43K$2.79M$3.90M

EFNL vs. BBEU - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EFNL
iShares MSCI Finland ETF		9.24%53.59%-5.28%-0.12%-17.29%10.50%20.19%13.64%-15.54%
BBEU
JPMorgan BetaBuilders Europe ETF		10.17%36.37%1.85%20.31%-14.72%17.50%5.00%23.96%-13.25%

Correlation

The correlation between EFNL and BBEU is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.80

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.84

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2018

0.82

The correlation between EFNL and BBEU shifts across timeframes, from 0.74 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

EFNL vs. BBEU - Sectors Allocation Comparison

Sectors
EFNL
BBEU

Financial Services

28.6%
23.2%

Industrials

21.0%
14.5%

Technology

16.4%
8.0%

Basic Materials

9.7%
4.0%

Energy

5.0%
3.5%

Consumer Cyclical

4.4%
4.3%

Healthcare

4.4%
11.0%

Utilities

3.8%
2.9%

Consumer Defensive

3.2%
8.1%

Communication Services

2.3%
2.5%

Real Estate

0.8%
0.3%

Financial Services

EFNL
28.6%
BBEU
23.2%

Industrials

EFNL
21.0%
BBEU
14.5%

Technology

EFNL
16.4%
BBEU
8.0%

Basic Materials

EFNL
9.7%
BBEU
4.0%

Energy

EFNL
5.0%
BBEU
3.5%

Consumer Cyclical

EFNL
4.4%
BBEU
4.3%

Healthcare

EFNL
4.4%
BBEU
11.0%

Utilities

EFNL
3.8%
BBEU
2.9%

Consumer Defensive

EFNL
3.2%
BBEU
8.1%

Communication Services

EFNL
2.3%
BBEU
2.5%

Real Estate

EFNL
0.8%
BBEU
0.3%

Compare stocks, funds, or ETFs

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

iShares MSCI Finland ETF

JPMorgan BetaBuilders Europe ETF

Often compared with EFNL:
EFNL vs. FNDAEFNL vs. CN1G.DEEFNL vs. EDENEFNL vs. EIRLEFNL vs. VFMFEFNL vs. VOOEFNL vs. VTI
Often compared with BBEU:
BBEU vs. BBAXBBEU vs. SCHYBBEU vs. SCHDBBEU vs. TTAIBBEU vs. VOOBBEU vs. FSPSXBBEU vs. DXJ

Return for Risk

EFNL vs. BBEU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EFNL
EFNL Risk / Return Rank: 6666
Overall Rank
EFNL Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
EFNL Sortino Ratio Rank: 6565
Sortino Ratio Rank
EFNL Omega Ratio Rank: 6464
Omega Ratio Rank
EFNL Calmar Ratio Rank: 7272
Calmar Ratio Rank
EFNL Martin Ratio Rank: 6161
Martin Ratio Rank
BBEU
BBEU Risk / Return Rank: 6363
Overall Rank
BBEU Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
BBEU Sortino Ratio Rank: 6767
Sortino Ratio Rank
BBEU Omega Ratio Rank: 6363
Omega Ratio Rank
BBEU Calmar Ratio Rank: 5656
Calmar Ratio Rank
BBEU Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFNL vs. BBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Finland ETF (EFNL) and JPMorgan BetaBuilders Europe ETF (BBEU). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EFNLBBEUDifference
Sharpe ratioReturn per unit of total volatility
1.59
1.52

+0.07

Sortino ratioReturn per unit of downside risk
2.14
2.21

-0.06

Omega ratioGain probability vs. loss probability

1.27

1.27

0.00

Calmar ratioReturn relative to maximum drawdown

2.52

1.98

+0.54

Martin ratioReturn relative to average drawdown

7.34

7.53

-0.19

EFNL vs. BBEU - Sharpe Ratio Comparison

The current EFNL Sharpe Ratio is 1.59, which is comparable to the BBEU Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of EFNL and BBEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EFNL vs. BBEU - Drawdown Comparison

The maximum EFNL drawdown since its inception was -38.70%, which is greater than BBEU's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for EFNL and BBEU.

Loading charts...

Drawdown Indicators

EFNLBBEUDifference

Max Drawdown

Largest peak-to-trough decline

-38.70%

-36.27%

-2.43%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-12.23%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-15.78%

-14.23%

-1.55%

Max Drawdown (5Y)

Largest decline over 5 years

-38.70%

-31.08%

-7.62%

Max Drawdown (10Y)

Largest decline over 10 years

-38.70%

—

—

Current Drawdown

Current decline from peak

-10.24%

-0.43%

-9.81%

Average Drawdown

Average peak-to-trough decline

-10.90%

-6.04%

-4.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.17%

3.22%

+0.95%

Volatility

EFNL vs. BBEU - Volatility Comparison

iShares MSCI Finland ETF (EFNL) has a higher volatility of 5.85% compared to JPMorgan BetaBuilders Europe ETF (BBEU) at 4.39%. This indicates that EFNL's price experiences larger fluctuations and is considered to be riskier than BBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EFNLBBEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

4.39%

+1.46%

Volatility (6M)

Calculated over the trailing 6-month period

16.37%

13.87%

+2.50%

Volatility (1Y)

Calculated over the trailing 1-year period

19.28%

15.97%

+3.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.00%

17.57%

+2.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.90%

19.26%

+0.64%

EFNL vs. BBEU - Expense Ratio Comparison

EFNL has a 0.53% expense ratio, which is higher than BBEU's 0.09% expense ratio.

Dividends

EFNL vs. BBEU - Dividend Comparison

EFNL's dividend yield for the trailing twelve months is around 1.04%, less than BBEU's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
BBEU
JPMorgan BetaBuilders Europe ETF		2.88%2.83%4.16%2.94%4.72%2.63%2.29%3.24%0.49%0.00%0.00%0.00%
EFNL
iShares MSCI Finland ETF		1.04%3.40%5.05%4.31%5.94%2.29%2.94%5.70%3.83%3.30%2.40%1.57%

Frequently Asked Questions

EFNL and BBEU have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EFNL has higher volatility (5.85%) compared to BBEU (4.39%). In terms of maximum drawdown, EFNL dropped -38.70% vs BBEU's -36.27%.

On 5-year performance, BBEU leads with 9.83% vs 3.99% for EFNL. On fees, BBEU is cheaper at 0.09% per year. On volatility, BBEU has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BBEU has performed better with a 9.83% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBEU is cheaper with a 0.09% expense ratio, compared with 0.53% for EFNL.

BBEU has the higher dividend yield at 2.88%, compared with 1.04% for EFNL.

EFNL tracks MSCI Finland IMI 25/50 Index, while BBEU tracks Morningstar Developed Europe Target Market Exposure Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.53% for EFNL and 0.09% for BBEU.

EFNL currently has the higher Sharpe Ratio (1.59 vs 1.52), 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.

Portfolio Optimizer

Find the right allocation for EFNL and BBEU

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer