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EPU vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPU vs. EUFN

Last updated Jun 13, 2026

EPU (iShares MSCI Peru ETF) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index. Both are passively managed. Over the past 10 years, EPU returned 15.16%/yr vs 13.48%/yr for EUFN. At a 0.49 correlation, their price movements are largely independent. EPU charges 0.59%/yr vs 0.48%/yr for EUFN.

Performance

EPU vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) 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, EPU achieves a 21.02% return, which is significantly higher than EUFN's 4.75% return. Over the past 10 years, EPU has outperformed EUFN with an annualized return of 15.16%, while EUFN has yielded a comparatively lower 13.48% annualized return.

EPU

1D
2.12%
1M
4.37%
YTD
21.02%
6M
26.87%
1Y
85.51%
3Y*
46.38%
5Y*
28.15%
10Y*
15.16%

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)

EPU vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPU
iShares MSCI Peru ETF		21.02%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-12.17%29.70%
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 EPU and EUFN is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.55

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

0.54

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

0.55

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

0.49

The correlation between EPU and EUFN has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

EPU vs. EUFN - Sectors Allocation Comparison

Sectors
EPU
EUFN

Basic Materials

52.7%

-

Financial Services

28.8%
97.1%

Consumer Cyclical

4.1%
0.2%

Real Estate

3.2%

-

Consumer Defensive

3.0%

-

Utilities

2.8%

-

Industrials

2.8%
0.4%

Communication Services

1.6%

-

Healthcare

1.2%

-

Energy

-

-

Technology

-

1.0%

Basic Materials

EPU
52.7%
EUFN

-

Financial Services

EPU
28.8%
EUFN
97.1%

Consumer Cyclical

EPU
4.1%
EUFN
0.2%

Real Estate

EPU
3.2%
EUFN

-

Consumer Defensive

EPU
3.0%
EUFN

-

Utilities

EPU
2.8%
EUFN

-

Industrials

EPU
2.8%
EUFN
0.4%

Communication Services

EPU
1.6%
EUFN

-

Healthcare

EPU
1.2%
EUFN

-

Energy

EPU

-

EUFN

-

Technology

EPU

-

EUFN
1.0%

Compare stocks, funds, or ETFs

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iShares MSCI Peru ETF

iShares MSCI Europe Financials ETF

Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

EPU vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPU
EPU Risk / Return Rank: 8282
Overall Rank
EPU Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 8181
Sortino Ratio Rank
EPU Omega Ratio Rank: 8383
Omega Ratio Rank
EPU Calmar Ratio Rank: 8585
Calmar Ratio Rank
EPU Martin Ratio Rank: 7272
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.

EPU vs. EUFN - Risk-Adjusted Trends Comparison

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

EPUEUFNDifference
Sharpe ratioReturn per unit of total volatility
2.73
1.31

+1.42

Sortino ratioReturn per unit of downside risk
3.14
1.92

+1.22

Omega ratioGain probability vs. loss probability

1.43

1.23

+0.20

Calmar ratioReturn relative to maximum drawdown

4.07

1.79

+2.28

Martin ratioReturn relative to average drawdown

11.73

6.24

+5.49

EPU vs. EUFN - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.73, which is higher than the EUFN Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of EPU 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

EPU vs. EUFN - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for EPU and EUFN.

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Drawdown Indicators

EPUEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-60.62%

-53.25%

-7.37%

Max Drawdown (1Y)

Largest decline over 1 year

-20.85%

-14.77%

-6.08%

Max Drawdown (3Y)

Largest decline over 3 years

-20.85%

-15.95%

-4.90%

Max Drawdown (5Y)

Largest decline over 5 years

-35.59%

-35.15%

-0.44%

Max Drawdown (10Y)

Largest decline over 10 years

-50.97%

-53.25%

+2.28%

Current Drawdown

Current decline from peak

-6.69%

-0.10%

-6.59%

Average Drawdown

Average peak-to-trough decline

-18.81%

-14.53%

-4.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.22%

4.23%

+2.99%

Volatility

EPU vs. EUFN - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 13.52% compared to iShares MSCI Europe Financials ETF (EUFN) at 6.96%. This indicates that EPU'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

EPUEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.52%

6.96%

+6.56%

Volatility (6M)

Calculated over the trailing 6-month period

26.94%

17.05%

+9.89%

Volatility (1Y)

Calculated over the trailing 1-year period

31.04%

20.17%

+10.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.11%

21.88%

+3.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.64%

24.53%

-0.89%

EPU vs. EUFN - Expense Ratio Comparison

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

Dividends

EPU vs. EUFN - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 1.35%, less than EUFN's 3.41% yield.

PositionTTM20252024202320222021202020192018201720162015
EPU
iShares MSCI Peru ETF		1.35%1.63%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.90%
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

EPU and EUFN have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPU has higher volatility (13.52%) compared to EUFN (6.96%). In terms of maximum drawdown, EPU dropped -60.62% vs EUFN's -53.25%.

On 10-year performance, EPU leads with 15.16% vs 13.48% for EUFN. 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, EPU has performed better with a 15.16% return vs 13.48%. 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 EPU.

EUFN has the higher dividend yield at 3.41%, compared with 1.35% for EPU.

EPU is categorized as Mid Cap Blend Equities, while EUFN is Financials Equities. EPU tracks MSCI All Peru Capped Index, while EUFN tracks MSCI Europe Financials Index. Their fees differ too: 0.59% for EPU and 0.48% for EUFN.

EPU currently has the higher Sharpe Ratio (2.73 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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