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EUFN vs. HSBH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. HSBH

Last updated Jun 24, 2026

EUFN (iShares MSCI Europe Financials ETF) and HSBH (HSBC Holdings plc ADRhedged ETF) are both Financials Equities funds - EUFN tracks the MSCI Europe Financials Index (Net) while HSBH tracks the HSBC Holdings plc Local Shares Total Return. Both are passively managed. Over the past year, EUFN returned 32.41% vs 71.13% for HSBH. A 0.71 correlation means they provide meaningful diversification when combined. EUFN charges 0.49%/yr vs 0.19%/yr for HSBH.

Performance

EUFN vs. HSBH - Performance Comparison

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

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Returns By Period

In the year-to-date period, EUFN achieves a 7.49% return, which is significantly lower than HSBH's 26.93% return.

EUFN

1D
-1.02%
1M
4.47%
YTD
7.49%
6M
7.23%
1Y
32.41%
3Y*
33.90%
5Y*
19.66%
10Y*
14.20%

HSBH

1D
-0.47%
1M
5.69%
YTD
26.93%
6M
26.23%
1Y
71.13%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. HSBH - Yearly Performance Comparison

2026 (YTD)2025
EUFN
iShares MSCI Europe Financials ETF		7.49%32.33%
HSBH
HSBC Holdings plc ADRhedged ETF		26.93%39.95%

Correlation

The correlation between EUFN and HSBH is 0.73, 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

0.73

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2025

0.71

The correlation between EUFN and HSBH has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

EUFN vs. HSBH - Sectors Allocation Comparison

Sectors
EUFN
HSBH

Financial Services

97.8%
97.4%

Technology

1.0%

-

Industrials

0.4%

-

Consumer Cyclical

0.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

EUFN
97.8%
HSBH
97.4%

Technology

EUFN
1.0%
HSBH

-

Industrials

EUFN
0.4%
HSBH

-

Consumer Cyclical

EUFN
0.2%
HSBH

-

Basic Materials

EUFN

-

HSBH

-

Communication Services

EUFN

-

HSBH

-

Consumer Defensive

EUFN

-

HSBH

-

Energy

EUFN

-

HSBH

-

Healthcare

EUFN

-

HSBH

-

Real Estate

EUFN

-

HSBH

-

Utilities

EUFN

-

HSBH

-

Compare stocks, funds, or ETFs

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iShares MSCI Europe Financials ETF

HSBC Holdings plc ADRhedged ETF

Often compared with EUFN:
EUFN vs. FDDEUFN vs. XLFEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR
Often compared with HSBH:
HSBH vs. GSKHHSBH vs. BIZDHSBH vs. GSIBHSBH vs. IXGHSBH vs. GABFHSBH vs. STHHHSBH vs. IYF

Return for Risk

EUFN vs. HSBH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUFN
EUFN Risk / Return Rank: 4747
Overall Rank
EUFN Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4949
Sortino Ratio Rank
EUFN Omega Ratio Rank: 4545
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4646
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4848
Martin Ratio Rank
HSBH
HSBH Risk / Return Rank: 9090
Overall Rank
HSBH Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
HSBH Sortino Ratio Rank: 9191
Sortino Ratio Rank
HSBH Omega Ratio Rank: 9090
Omega Ratio Rank
HSBH Calmar Ratio Rank: 8989
Calmar Ratio Rank
HSBH Martin Ratio Rank: 8888
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. HSBH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and HSBC Holdings plc ADRhedged ETF (HSBH). 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.

EUFNHSBHDifference
Sharpe ratioReturn per unit of total volatility
1.63
3.02

-1.40

Sortino ratioReturn per unit of downside risk
2.33
3.80

-1.47

Omega ratioGain probability vs. loss probability

1.28

1.52

-0.24

Calmar ratioReturn relative to maximum drawdown

2.20

4.83

-2.62

Martin ratioReturn relative to average drawdown

7.71

17.50

-9.79

EUFN vs. HSBH - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.63, which is lower than the HSBH Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of EUFN and HSBH, 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

EUFN vs. HSBH - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than HSBH's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for EUFN and HSBH.

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Drawdown Indicators

EUFNHSBHDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-14.81%

-38.44%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-14.81%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

—

—

Current Drawdown

Current decline from peak

-1.02%

-0.47%

-0.55%

Average Drawdown

Average peak-to-trough decline

-14.51%

-2.33%

-12.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.22%

4.08%

+0.14%

Volatility

EUFN vs. HSBH - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.24%, while HSBC Holdings plc ADRhedged ETF (HSBH) has a volatility of 8.22%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than HSBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFNHSBHDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.24%

8.22%

-1.98%

Volatility (6M)

Calculated over the trailing 6-month period

17.09%

19.28%

-2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

20.01%

23.64%

-3.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.86%

22.88%

-1.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.88%

22.88%

+1.00%

EUFN vs. HSBH - Expense Ratio Comparison

EUFN has a 0.49% expense ratio, which is higher than HSBH's 0.19% expense ratio.

Dividends

EUFN vs. HSBH - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 4.27%, more than HSBH's 2.34% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		4.27%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
HSBH
HSBC Holdings plc ADRhedged ETF		2.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EUFN and HSBH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HSBH has higher volatility (8.22%) compared to EUFN (6.24%). In terms of maximum drawdown, EUFN dropped -53.25% vs HSBH's -14.81%.

On 1-year performance, HSBH leads with 71.13% vs 32.41% for EUFN. On fees, HSBH is cheaper at 0.19% per year. On volatility, EUFN has been the lower-risk option at 6.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HSBH has performed better with a 71.13% return vs 32.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HSBH is cheaper with a 0.19% expense ratio, compared with 0.49% for EUFN.

EUFN has the higher dividend yield at 4.27%, compared with 2.34% for HSBH.

EUFN tracks MSCI Europe Financials Index (Net), while HSBH tracks HSBC Holdings plc Local Shares Total Return. They also come from different issuers: iShares and ADRhedged. Their fees differ too: 0.49% for EUFN and 0.19% for HSBH.

HSBH currently has the higher Sharpe Ratio (3.02 vs 1.63), 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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