EUFN vs. EURL
Compare and contrast key facts about iShares MSCI Europe Financials ETF (EUFN) and Direxion Daily FTSE Europe Bull 3x Shares (EURL).
EUFN and EURL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUFN is a passively managed fund by iShares that tracks the performance of the MSCI Europe Financials Index. It was launched on Jan 20, 2010. EURL is a passively managed fund by Direxion that tracks the performance of the FTSE Developed Europe Index (300%). It was launched on Jan 22, 2014. Both EUFN and EURL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUFN or EURL.
Key characteristics
| EUFN | EURL | |
|---|---|---|
| YTD Return | 19.60% | 5.38% |
| 1Y Return | 35.32% | 42.04% |
| 3Y Return (Ann) | 10.04% | -13.14% |
| 5Y Return (Ann) | 9.46% | -2.44% |
| 10Y Return (Ann) | 4.87% | -1.07% |
| Sharpe Ratio | 2.48 | 1.16 |
| Sortino Ratio | 3.22 | 1.70 |
| Omega Ratio | 1.41 | 1.20 |
| Calmar Ratio | 4.51 | 0.76 |
| Martin Ratio | 14.94 | 5.82 |
| Ulcer Index | 2.47% | 7.83% |
| Daily Std Dev | 14.89% | 39.35% |
| Max Drawdown | -53.25% | -84.65% |
| Current Drawdown | -3.04% | -41.34% |
Correlation
The correlation between EUFN and EURL is 0.87, 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.
Performance
EUFN vs. EURL - Performance Comparison
In the year-to-date period, EUFN achieves a 19.60% return, which is significantly higher than EURL's 5.38% return. Over the past 10 years, EUFN has outperformed EURL with an annualized return of 4.87%, while EURL has yielded a comparatively lower -1.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EUFN vs. EURL - Expense Ratio Comparison
EUFN has a 0.48% expense ratio, which is lower than EURL's 1.07% expense ratio.
Risk-Adjusted Performance
EUFN vs. EURL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and Direxion Daily FTSE Europe Bull 3x Shares (EURL). 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.
Dividends
EUFN vs. EURL - Dividend Comparison
EUFN's dividend yield for the trailing twelve months is around 4.51%, more than EURL's 2.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 4.51% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% | 3.35% | 1.59% |
EURL Direxion Daily FTSE Europe Bull 3x Shares | 2.91% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% | 0.79% | 0.00% |
Drawdowns
EUFN vs. EURL - Drawdown Comparison
The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum EURL drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for EUFN and EURL. For additional features, visit the drawdowns tool.
Volatility
EUFN vs. EURL - Volatility Comparison
The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 3.08%, while Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a volatility of 8.92%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than EURL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.