EFNL vs. IEUR
Compare and contrast key facts about iShares MSCI Finland ETF (EFNL) and iShares Core MSCI Europe ETF (IEUR).
EFNL and IEUR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFNL is a passively managed fund by iShares that tracks the performance of the MSCI Finland IMI 25/50 Index. It was launched on Jan 25, 2012. IEUR is a passively managed fund by iShares that tracks the performance of the MSCI Europe Investable Market Index. It was launched on Jun 10, 2014. Both EFNL and IEUR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EFNL vs. IEUR - Performance Comparison
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EFNL vs. IEUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFNL iShares MSCI Finland ETF | 4.17% | 53.59% | -5.28% | -0.12% | -17.29% | 10.50% | 20.19% | 13.64% | -6.86% | 23.77% |
IEUR iShares Core MSCI Europe ETF | 0.51% | 35.67% | 1.40% | 19.71% | -15.90% | 16.71% | 5.31% | 24.95% | -14.86% | 26.70% |
Returns By Period
In the year-to-date period, EFNL achieves a 4.17% return, which is significantly higher than IEUR's 0.51% return. Both investments have delivered pretty close results over the past 10 years, with EFNL having a 8.79% annualized return and IEUR not far ahead at 9.04%.
EFNL
- 1D
- 1.70%
- 1M
- -1.75%
- YTD
- 4.17%
- 6M
- 16.25%
- 1Y
- 41.22%
- 3Y*
- 13.82%
- 5Y*
- 6.00%
- 10Y*
- 8.79%
IEUR
- 1D
- 1.52%
- 1M
- -4.73%
- YTD
- 0.51%
- 6M
- 4.68%
- 1Y
- 22.17%
- 3Y*
- 14.50%
- 5Y*
- 8.72%
- 10Y*
- 9.04%
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EFNL vs. IEUR - Expense Ratio Comparison
EFNL has a 0.53% expense ratio, which is higher than IEUR's 0.09% expense ratio.
Return for Risk
EFNL vs. IEUR — Risk / Return Rank
EFNL
IEUR
EFNL vs. IEUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Finland ETF (EFNL) and iShares Core MSCI Europe ETF (IEUR). 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.
| EFNL | IEUR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.25 | +1.07 |
Sortino ratioReturn per unit of downside risk | 3.05 | 1.80 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.26 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.75 | 1.86 | +1.89 |
Martin ratioReturn relative to average drawdown | 16.52 | 7.15 | +9.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EFNL | IEUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.25 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.50 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.49 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.33 | +0.08 |
Correlation
The correlation between EFNL and IEUR is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EFNL vs. IEUR - Dividend Comparison
EFNL's dividend yield for the trailing twelve months is around 3.26%, more than IEUR's 2.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFNL iShares MSCI Finland ETF | 3.26% | 3.40% | 5.05% | 4.31% | 5.94% | 2.29% | 2.94% | 5.70% | 3.83% | 3.30% | 2.40% | 1.57% |
IEUR iShares Core MSCI Europe ETF | 2.96% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
Drawdowns
EFNL vs. IEUR - Drawdown Comparison
The maximum EFNL drawdown since its inception was -38.70%, roughly equal to the maximum IEUR drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for EFNL and IEUR.
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Drawdown Indicators
| EFNL | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -36.96% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -12.04% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | -32.75% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -36.96% | -1.74% |
Current DrawdownCurrent decline from peak | -3.13% | -7.05% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -8.30% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.13% | -0.65% |
Volatility
EFNL vs. IEUR - Volatility Comparison
The current volatility for iShares MSCI Finland ETF (EFNL) is 6.82%, while iShares Core MSCI Europe ETF (IEUR) has a volatility of 7.36%. This indicates that EFNL experiences smaller price fluctuations and is considered to be less risky than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFNL | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 7.36% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 11.03% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 17.81% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 17.54% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 18.60% | +1.39% |