EFV vs. EUFN

Last updated Jun 24, 2026

EFV (iShares MSCI EAFE Value ETF) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index (Net), while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index (Net). Both are passively managed. Over the past 10 years, EFV returned 10.59%/yr vs 14.20%/yr for EUFN. Their correlation of 0.89 suggests significant overlap in exposure. EFV charges 0.31%/yr vs 0.49%/yr for EUFN.

Performance

EFV vs. EUFN - Performance Comparison

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

Returns By Period

In the year-to-date period, EFV achieves a 9.13% return, which is significantly higher than EUFN's 7.49% return. Over the past 10 years, EFV has underperformed EUFN with an annualized return of 10.59%, while EUFN has yielded a comparatively higher 14.20% annualized return.

EFV

• 1D: -1.18%
• 1M: -0.92%
• YTD: 9.13%
• 6M: 8.96%
• 1Y: 28.26%
• 3Y*: 21.91%
• 5Y*: 12.57%
• 10Y*: 10.59%

EUFN

• 1D: -1.02%
• 1M: 4.47%
• YTD: 7.49%
• 6M: 7.23%
• 1Y: 32.41%
• 3Y*: 33.90%
• 5Y*: 19.66%
• 10Y*: 14.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EFV vs. EUFN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EFV iShares MSCI EAFE Value ETF	9.13%	42.22%	5.35%	18.85%	-5.22%	11.08%	-2.97%	15.80%	-14.67%	21.22%
EUFN iShares MSCI Europe Financials ETF	7.49%	65.73%	17.20%	26.15%	-8.78%	19.13%	-8.55%	20.73%	-23.14%	26.94%

Correlation

The correlation between EFV and EUFN is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010	0.89

The correlation between EFV and EUFN has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

EFV vs. EUFN - Sectors Allocation Comparison

Sectors	EFV	EUFN
Financial Services	37.7%	97.8%
Industrials	10.4%	0.4%
Consumer Defensive	9.2%	-
Healthcare	7.4%	-
Energy	6.8%	-
Basic Materials	6.4%	-
Consumer Cyclical	6.1%	0.2%
Utilities	5.9%	-
Communication Services	4.4%	-
Technology	3.0%	1.0%
Real Estate	2.8%	-

Return for Risk

EFV vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EFV

EFV Risk / Return Rank: 59
EFV Sharpe Ratio Rank: 62
EFV Sortino Ratio Rank: 61
EFV Omega Ratio Rank: 60
EFV Calmar Ratio Rank: 55
EFV Martin Ratio Rank: 57

EUFN

EUFN Risk / Return Rank: 47
EUFN Sharpe Ratio Rank: 49
EUFN Sortino Ratio Rank: 49
EUFN Omega Ratio Rank: 45
EUFN Calmar Ratio Rank: 46
EUFN Martin Ratio Rank: 48

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.

EFV vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) 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.

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.

	EFV	EUFN	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.63	+0.33
Sortino ratio: Return per unit of downside risk	2.72	2.33	+0.40
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	2.61	2.20	+0.40
Martin ratio: Return relative to average drawdown	9.60	7.71	+1.89

EFV vs. EUFN - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 1.96, which is comparable to the EUFN Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of EFV 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.

Drawdowns

EFV vs. EUFN - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for EFV and EUFN.

Drawdown Indicators

	EFV	EUFN	Difference
Max Drawdown Largest peak-to-trough decline	-63.94%	-53.25%	-10.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.90%	-14.77%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-13.72%	-15.95%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-25.84%	-35.15%	+9.31%
Max Drawdown (10Y) Largest decline over 10 years	-43.16%	-53.25%	+10.09%
Current Drawdown Current decline from peak	-2.52%	-1.02%	-1.50%
Average Drawdown Average peak-to-trough decline	-14.79%	-14.51%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	4.22%	-1.27%

Volatility

EFV vs. EUFN - Volatility Comparison

The current volatility for iShares MSCI EAFE Value ETF (EFV) is 4.20%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 6.24%. This indicates that EFV experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFV	EUFN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	6.24%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	17.09%	-5.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	20.01%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	21.86%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	23.88%	-6.35%

EFV vs. EUFN - Expense Ratio Comparison

EFV has a 0.31% expense ratio, which is lower than EUFN's 0.49% expense ratio.

Dividends

EFV vs. EUFN - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 4.81%, more than EUFN's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFV iShares MSCI EAFE Value ETF	4.81%	4.16%	4.66%	4.36%	4.17%	4.07%	2.42%	4.62%	4.56%	3.56%	3.28%	3.59%
EUFN iShares MSCI Europe Financials ETF	4.27%	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

Can I hold both EFV and EUFN in my portfolio?

EFV and EUFN have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFV or EUFN?

EUFN has higher volatility (6.24%) compared to EFV (4.20%). In terms of maximum drawdown, EFV dropped -63.94% vs EUFN's -53.25%.

Which ETF is better, EFV or EUFN?

On 10-year performance, EUFN leads with 14.20% vs 10.59% for EFV. On fees, EFV is cheaper at 0.31% per year. On volatility, EFV has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFV or EUFN?

Over the 10-year period, EUFN has performed better with a 14.20% return vs 10.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFV or EUFN?

EFV is cheaper with a 0.31% expense ratio, compared with 0.49% for EUFN.

Which ETF pays a higher dividend yield, EFV or EUFN?

EFV has the higher dividend yield at 4.81%, compared with 4.27% for EUFN.

What is the main difference between EFV and EUFN?

EFV is categorized as Foreign Large Cap Equities, while EUFN is Financials Equities. EFV tracks MSCI EAFE Value Index (Net), while EUFN tracks MSCI Europe Financials Index (Net). Their fees differ too: 0.31% for EFV and 0.49% for EUFN.

Which has better risk-adjusted returns?

EFV currently has the higher Sharpe Ratio (1.96 vs 1.63), 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.