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EIS vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIS vs. EUFN

Last updated Jun 13, 2026

EIS (iShares MSCI Israel ETF) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index. Both are passively managed. Over the past 10 years, EIS returned 12.35%/yr vs 13.48%/yr for EUFN. A 0.54 correlation means they provide meaningful diversification when combined. EIS charges 0.59%/yr vs 0.48%/yr for EUFN.

Performance

EIS vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Israel ETF (EIS) 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, EIS achieves a 18.11% return, which is significantly higher than EUFN's 4.75% return. Over the past 10 years, EIS has underperformed EUFN with an annualized return of 12.35%, while EUFN has yielded a comparatively higher 13.48% annualized return.

EIS

1D
1.32%
1M
-2.92%
YTD
18.11%
6M
18.71%
1Y
61.04%
3Y*
33.86%
5Y*
15.01%
10Y*
12.35%

EUFN

1D
1.20%
1M
3.43%
YTD
4.75%
6M
9.10%
1Y
28.57%
3Y*
32.04%
5Y*
18.43%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIS vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIS
iShares MSCI Israel ETF		18.11%45.11%34.50%5.48%-27.05%22.83%12.01%20.93%-4.84%12.77%
EUFN
iShares MSCI Europe Financials ETF		4.75%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%

Correlation

The correlation between EIS and EUFN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2010

0.54

The correlation between EIS and EUFN has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

EIS vs. EUFN - Sectors Allocation Comparison

Sectors
EIS
EUFN

Financial Services

34.6%
97.1%

Technology

17.8%
1.0%

Industrials

10.9%
0.4%

Healthcare

9.8%

-

Real Estate

9.1%

-

Utilities

6.6%

-

Communication Services

2.7%

-

Consumer Cyclical

2.5%
0.2%

Consumer Defensive

2.3%

-

Energy

2.0%

-

Basic Materials

1.8%

-

Financial Services

EIS
34.6%
EUFN
97.1%

Technology

EIS
17.8%
EUFN
1.0%

Industrials

EIS
10.9%
EUFN
0.4%

Healthcare

EIS
9.8%
EUFN

-

Real Estate

EIS
9.1%
EUFN

-

Utilities

EIS
6.6%
EUFN

-

Communication Services

EIS
2.7%
EUFN

-

Consumer Cyclical

EIS
2.5%
EUFN
0.2%

Consumer Defensive

EIS
2.3%
EUFN

-

Energy

EIS
2.0%
EUFN

-

Basic Materials

EIS
1.8%
EUFN

-

Compare stocks, funds, or ETFs

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iShares MSCI Israel ETF

iShares MSCI Europe Financials ETF

Often compared with EIS:
EIS vs. ISRAEIS vs. IZRLEIS vs. SPYEIS vs. VOOEIS vs. ITEQEIS vs. QQQEIS vs. EGPT
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

EIS vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIS
EIS Risk / Return Rank: 8585
Overall Rank
EIS Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EIS Sortino Ratio Rank: 8585
Sortino Ratio Rank
EIS Omega Ratio Rank: 8080
Omega Ratio Rank
EIS Calmar Ratio Rank: 8989
Calmar Ratio Rank
EIS Martin Ratio Rank: 8686
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 4242
Overall Rank
EUFN Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4242
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3939
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4141
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4444
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.

EIS vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.

EISEUFNDifference
Sharpe ratioReturn per unit of total volatility
2.41
1.31

+1.10

Sortino ratioReturn per unit of downside risk
3.29
1.92

+1.37

Omega ratioGain probability vs. loss probability

1.41

1.23

+0.18

Calmar ratioReturn relative to maximum drawdown

4.62

1.79

+2.83

Martin ratioReturn relative to average drawdown

15.86

6.24

+9.62

EIS vs. EUFN - Sharpe Ratio Comparison

The current EIS Sharpe Ratio is 2.41, which is higher than the EUFN Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of EIS 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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Drawdowns

EIS vs. EUFN - Drawdown Comparison

The maximum EIS drawdown since its inception was -51.94%, roughly equal to the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for EIS and EUFN.

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Drawdown Indicators

EISEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-51.94%

-53.25%

+1.31%

Max Drawdown (1Y)

Largest decline over 1 year

-12.40%

-14.77%

+2.37%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-15.95%

-8.15%

Max Drawdown (5Y)

Largest decline over 5 years

-41.88%

-35.15%

-6.73%

Max Drawdown (10Y)

Largest decline over 10 years

-41.88%

-53.25%

+11.37%

Current Drawdown

Current decline from peak

-5.61%

-0.10%

-5.51%

Average Drawdown

Average peak-to-trough decline

-13.89%

-14.53%

+0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.61%

4.23%

-0.62%

Volatility

EIS vs. EUFN - Volatility Comparison

iShares MSCI Israel ETF (EIS) has a higher volatility of 9.80% compared to iShares MSCI Europe Financials ETF (EUFN) at 6.96%. This indicates that EIS's price experiences larger fluctuations and is considered to be riskier than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EISEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.80%

6.96%

+2.84%

Volatility (6M)

Calculated over the trailing 6-month period

17.62%

17.05%

+0.57%

Volatility (1Y)

Calculated over the trailing 1-year period

23.81%

20.17%

+3.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.06%

21.88%

+0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.21%

24.53%

-3.32%

EIS vs. EUFN - Expense Ratio Comparison

EIS has a 0.59% expense ratio, which is higher than EUFN's 0.48% expense ratio.

Dividends

EIS vs. EUFN - Dividend Comparison

EIS's dividend yield for the trailing twelve months is around 1.22%, less than EUFN's 3.41% yield.

PositionTTM20252024202320222021202020192018201720162015
EIS
iShares MSCI Israel ETF		1.22%1.44%1.38%1.39%1.66%1.04%0.16%2.06%0.87%2.02%1.78%2.55%
EUFN
iShares MSCI Europe Financials ETF		3.41%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

EIS and EUFN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIS has higher volatility (9.80%) compared to EUFN (6.96%). In terms of maximum drawdown, EIS dropped -51.94% vs EUFN's -53.25%.

On 10-year performance, EUFN leads with 13.48% vs 12.35% for EIS. On fees, EUFN is cheaper at 0.48% per year. On volatility, EUFN has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EUFN has performed better with a 13.48% return vs 12.35%. 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 0.59% for EIS.

EUFN has the higher dividend yield at 3.41%, compared with 1.22% for EIS.

EIS is categorized as Foreign Large Cap Equities, while EUFN is Financials Equities. EIS tracks MSCI Israel Capped Investable Market Index (Net), while EUFN tracks MSCI Europe Financials Index. Their fees differ too: 0.59% for EIS and 0.48% for EUFN.

EIS currently has the higher Sharpe Ratio (2.41 vs 1.31), 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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