PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EUFN vs. EWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. EWY

Last updated Jun 13, 2026

EUFN (iShares MSCI Europe Financials ETF) and EWY (iShares MSCI South Korea ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while EWY is a Asia Pacific Equities fund tracking the MSCI Korea Index. Both are passively managed. Over the past 10 years, EUFN returned 13.48%/yr vs 16.84%/yr for EWY. A 0.57 correlation means they provide meaningful diversification when combined. EUFN charges 0.48%/yr vs 0.59%/yr for EWY.

Performance

EUFN vs. EWY - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EUFN achieves a 4.75% return, which is significantly lower than EWY's 103.10% return. Over the past 10 years, EUFN has underperformed EWY with an annualized return of 13.48%, while EWY has yielded a comparatively higher 16.84% 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%

EWY

1D
-0.75%
1M
3.64%
YTD
103.10%
6M
117.85%
1Y
203.95%
3Y*
46.46%
5Y*
18.80%
10Y*
16.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. EWY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EWY
iShares MSCI South Korea ETF		103.10%95.33%-20.48%19.05%-26.59%-7.58%39.43%7.97%-20.37%44.97%

Correlation

The correlation between EUFN and EWY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.50

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

0.55

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

0.55

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

0.57

The correlation between EUFN and EWY shifts across timeframes, from 0.45 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

EUFN vs. EWY - Sectors Allocation Comparison

Sectors
EUFN
EWY

Financial Services

97.1%
9.6%

Technology

1.0%
52.4%

Industrials

0.4%
20.4%

Consumer Cyclical

0.2%
5.7%

Basic Materials

-

2.0%

Communication Services

-

2.9%

Consumer Defensive

-

1.7%

Energy

-

1.4%

Healthcare

-

3.5%

Real Estate

-

-

Utilities

-

0.4%

Financial Services

EUFN
97.1%
EWY
9.6%

Technology

EUFN
1.0%
EWY
52.4%

Industrials

EUFN
0.4%
EWY
20.4%

Consumer Cyclical

EUFN
0.2%
EWY
5.7%

Basic Materials

EUFN

-

EWY
2.0%

Communication Services

EUFN

-

EWY
2.9%

Consumer Defensive

EUFN

-

EWY
1.7%

Energy

EUFN

-

EWY
1.4%

Healthcare

EUFN

-

EWY
3.5%

Real Estate

EUFN

-

EWY

-

Utilities

EUFN

-

EWY
0.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe Financials ETF

iShares MSCI South Korea ETF

Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL
Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. QQQEWY vs. EWTEWY vs. EWH

Return for Risk

EUFN vs. EWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
EWY
EWY Risk / Return Rank: 9595
Overall Rank
EWY Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 9393
Sortino Ratio Rank
EWY Omega Ratio Rank: 9494
Omega Ratio Rank
EWY Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWY Martin Ratio Rank: 9696
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.

EUFN vs. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and iShares MSCI South Korea ETF (EWY). 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.

EUFNEWYDifference
Sharpe ratioReturn per unit of total volatility
1.31
4.29

-2.98

Sortino ratioReturn per unit of downside risk
1.92
4.08

-2.16

Omega ratioGain probability vs. loss probability

1.23

1.59

-0.36

Calmar ratioReturn relative to maximum drawdown

1.79

8.65

-6.86

Martin ratioReturn relative to average drawdown

6.24

30.24

-24.00

EUFN vs. EWY - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.31, which is lower than the EWY Sharpe Ratio of 4.29. The chart below compares the historical Sharpe Ratios of EUFN and EWY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EUFN vs. EWY - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for EUFN and EWY.

Loading charts...

Drawdown Indicators

EUFNEWYDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-74.14%

+20.89%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-23.08%

+8.31%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-27.36%

+11.41%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-48.55%

+13.40%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

-49.73%

-3.52%

Current Drawdown

Current decline from peak

-0.10%

-8.88%

+8.78%

Average Drawdown

Average peak-to-trough decline

-14.53%

-20.11%

+5.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.23%

6.59%

-2.36%

Volatility

EUFN vs. EWY - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.96%, while iShares MSCI South Korea ETF (EWY) has a volatility of 25.64%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EUFNEWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

25.64%

-18.68%

Volatility (6M)

Calculated over the trailing 6-month period

17.05%

42.65%

-25.60%

Volatility (1Y)

Calculated over the trailing 1-year period

20.17%

46.51%

-26.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.88%

30.15%

-8.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.53%

28.06%

-3.53%

EUFN vs. EWY - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is lower than EWY's 0.59% expense ratio.

Dividends

EUFN vs. EWY - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.41%, more than EWY's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
EWY
iShares MSCI South Korea ETF		1.03%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%

Frequently Asked Questions

EUFN and EWY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWY has higher volatility (25.64%) compared to EUFN (6.96%). In terms of maximum drawdown, EUFN dropped -53.25% vs EWY's -74.14%.

On 10-year performance, EWY leads with 16.84% 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, EWY has performed better with a 16.84% 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 EWY.

EUFN has the higher dividend yield at 3.41%, compared with 1.03% for EWY.

EUFN is categorized as Financials Equities, while EWY is Asia Pacific Equities. EUFN tracks MSCI Europe Financials Index, while EWY tracks MSCI Korea Index. Their fees differ too: 0.48% for EUFN and 0.59% for EWY.

EWY currently has the higher Sharpe Ratio (4.29 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.

Portfolio Optimizer

Find the right allocation for EUFN and EWY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer