EUFN vs. CII
EUFN (iShares MSCI Europe Financials ETF) and CII (BlackRock Enhanced Large Cap Core Fund) are both funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while CII is a Derivative Income fund actively managed by BlackRock. EUFN is passively managed, while CII is actively managed. Over the past 10 years, EUFN returned 13.48%/yr vs 14.94%/yr for CII. A 0.56 correlation means they provide meaningful diversification when combined. EUFN charges 0.48%/yr vs 0.91%/yr for CII.
Performance
EUFN vs. CII - Performance Comparison
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Returns By Period
In the year-to-date period, EUFN achieves a 4.75% return, which is significantly lower than CII's 7.72% return. Over the past 10 years, EUFN has underperformed CII with an annualized return of 13.48%, while CII has yielded a comparatively higher 14.94% annualized return.
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%
CII
- 1D
- 0.58%
- 1M
- -1.09%
- YTD
- 7.72%
- 6M
- 10.66%
- 1Y
- 39.37%
- 3Y*
- 20.94%
- 5Y*
- 13.51%
- 10Y*
- 14.94%
EUFN vs. CII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CII BlackRock Enhanced Large Cap Core Fund | 7.72% | 37.78% | 12.70% | 18.47% | -13.21% | 34.26% | 8.11% | 30.46% | -8.60% | 27.73% |
Correlation
The correlation between EUFN and CII is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010 | 0.56 |
The correlation between EUFN and CII has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
EUFN vs. CII — Risk / Return Rank
EUFN
CII
EUFN vs. CII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and BlackRock Enhanced Large Cap Core Fund (CII). 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.
| EUFN | CII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.33 | -1.55 |
| Martin ratioReturn relative to average drawdown | 6.24 | 12.71 | -6.48 |
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Drawdowns
EUFN vs. CII - Drawdown Comparison
The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum CII drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for EUFN and CII.
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Drawdown Indicators
| EUFN | CII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.25% | -56.43% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -11.67% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -21.05% | +5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -35.15% | -22.32% | -12.83% |
Max Drawdown (10Y)Largest decline over 10 years | -53.25% | -40.56% | -12.69% |
Current DrawdownCurrent decline from peak | -0.10% | -6.33% | +6.23% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -6.17% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.05% | +1.18% |
Volatility
EUFN vs. CII - Volatility Comparison
iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.96% compared to BlackRock Enhanced Large Cap Core Fund (CII) at 5.22%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUFN | CII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 5.22% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 12.09% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 15.40% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 17.16% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 18.54% | +5.99% |
EUFN vs. CII - Expense Ratio Comparison
EUFN has a 0.48% expense ratio, which is lower than CII's 0.91% expense ratio.
Dividends
EUFN vs. CII - Dividend Comparison
EUFN's dividend yield for the trailing twelve months is around 3.41%, less than CII's 15.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CII BlackRock Enhanced Large Cap Core Fund | 15.35% | 16.65% | 6.15% | 6.28% | 12.27% | 4.98% | 6.03% | 5.79% | 7.06% | 6.07% | 8.38% | 8.49% |
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
EUFN and CII have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUFN has higher volatility (6.96%) compared to CII (5.22%). In terms of maximum drawdown, EUFN dropped -53.25% vs CII's -56.43%.
CII currently has the higher Sharpe Ratio (2.52 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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