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EFNL vs. EUSC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFNL vs. EUSC

Last updated Jun 24, 2026

EFNL (iShares MSCI Finland ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - EFNL tracks the MSCI Finland IMI 25/50 Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a 0.02 correlation, their price movements are largely independent. EFNL charges 0.53%/yr vs 0.58%/yr for EUSC.

Performance

EFNL vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Finland ETF (EFNL) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

EFNL

1D
-2.56%
1M
-5.85%
YTD
11.71%
6M
12.28%
1Y
34.67%
3Y*
19.81%
5Y*
5.46%
10Y*
10.11%

EUSC

1D
0.00%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EFNL vs. EUSC - Yearly Performance Comparison

2026 (YTD)
EFNL
iShares MSCI Finland ETF		-7.04%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.18%

Correlation

The correlation between EFNL and EUSC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (All Time)
Calculated using the full available price history since May 28, 2026

0.02

EFNL vs. EUSC - Sectors Allocation Comparison

Sectors
EFNL
EUSC

Financial Services

25.9%
28.4%

Technology

23.3%
4.4%

Industrials

20.3%
20.1%

Basic Materials

8.9%
6.5%

Consumer Cyclical

4.2%
9.1%

Energy

4.1%
3.7%

Utilities

3.6%
6.5%

Healthcare

3.5%
2.9%

Consumer Defensive

2.8%
4.1%

Communication Services

2.3%
5.0%

Real Estate

0.7%
9.3%

Financial Services

EFNL
25.9%
EUSC
28.4%

Technology

EFNL
23.3%
EUSC
4.4%

Industrials

EFNL
20.3%
EUSC
20.1%

Basic Materials

EFNL
8.9%
EUSC
6.5%

Consumer Cyclical

EFNL
4.2%
EUSC
9.1%

Energy

EFNL
4.1%
EUSC
3.7%

Utilities

EFNL
3.6%
EUSC
6.5%

Healthcare

EFNL
3.5%
EUSC
2.9%

Consumer Defensive

EFNL
2.8%
EUSC
4.1%

Communication Services

EFNL
2.3%
EUSC
5.0%

Real Estate

EFNL
0.7%
EUSC
9.3%

Compare stocks, funds, or ETFs

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iShares MSCI Finland ETF

WisdomTree Europe Hedged SmallCap Equity Fund

Often compared with EFNL:
EFNL vs. CN1G.DEEFNL vs. FNDAEFNL vs. EDENEFNL vs. EIRLEFNL vs. VFMFEFNL vs. VOOEFNL vs. VTI
Often compared with EUSC:
EUSC vs. VGKEUSC vs. IEUSEUSC vs. IXUSEUSC vs. IEUREUSC vs. SYLDEUSC vs. AVDVEUSC vs. FEZ

Return for Risk

EFNL vs. EUSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFNL
EFNL Risk / Return Rank: 6666
Overall Rank
EFNL Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
EFNL Sortino Ratio Rank: 5555
Sortino Ratio Rank
EFNL Omega Ratio Rank: 5555
Omega Ratio Rank
EFNL Calmar Ratio Rank: 8383
Calmar Ratio Rank
EFNL Martin Ratio Rank: 7676
Martin Ratio Rank
EUSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EFNL vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Finland ETF (EFNL) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.

EFNLEUSCDifference
Sharpe ratioReturn per unit of total volatility
1.86

—

—

Sortino ratioReturn per unit of downside risk
2.47

—

—

Omega ratioGain probability vs. loss probability

1.32

—

—

Calmar ratioReturn relative to maximum drawdown

4.15

—

—

Martin ratioReturn relative to average drawdown

13.42

—

—

EFNL vs. EUSC - Sharpe Ratio Comparison

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Drawdowns

EFNL vs. EUSC - Drawdown Comparison

The maximum EFNL drawdown since its inception was -38.70%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EFNL and EUSC.

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Drawdown Indicators

EFNLEUSCDifference

Max Drawdown

Largest peak-to-trough decline

-38.70%

0.00%

-38.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.38%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-15.93%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-38.70%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.70%

—

—

Current Drawdown

Current decline from peak

-8.22%

0.00%

-8.22%

Average Drawdown

Average peak-to-trough decline

-10.91%

0.00%

-10.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

—

—

Volatility

EFNL vs. EUSC - Volatility Comparison

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Volatility by Period

EFNLEUSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.82%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

15.81%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

18.70%

1.10%

+17.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.88%

1.10%

+18.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.93%

1.10%

+18.83%

EFNL vs. EUSC - Expense Ratio Comparison

EFNL has a 0.53% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

EFNL vs. EUSC - Dividend Comparison

EFNL's dividend yield for the trailing twelve months is around 1.02%, while EUSC has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EFNL
iShares MSCI Finland ETF		1.02%3.40%5.05%4.31%5.94%2.29%2.94%5.70%3.83%3.30%2.40%1.57%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EFNL and EUSC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EFNL is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EFNL is cheaper with a 0.53% expense ratio, compared with 0.58% for EUSC.

EFNL has the higher dividend yield at 1.02%, compared with 0.00% for EUSC.

EFNL tracks MSCI Finland IMI 25/50 Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.53% for EFNL and 0.58% for EUSC.

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