EUFN vs. IVLU

Last updated Jun 13, 2026

EUFN (iShares MSCI Europe Financials ETF) and IVLU (iShares MSCI International Value Factor ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. Both are passively managed. Over the past 10 years, EUFN returned 13.48%/yr vs 11.63%/yr for IVLU. Their correlation of 0.83 suggests significant overlap in exposure. EUFN charges 0.48%/yr vs 0.30%/yr for IVLU.

Performance

EUFN vs. IVLU - Performance Comparison

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

Returns By Period

In the year-to-date period, EUFN achieves a 4.75% return, which is significantly lower than IVLU's 12.96% return. Over the past 10 years, EUFN has outperformed IVLU with an annualized return of 13.48%, while IVLU has yielded a comparatively lower 11.63% 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%

IVLU

• 1D: 0.56%
• 1M: 0.66%
• YTD: 12.96%
• 6M: 14.33%
• 1Y: 35.32%
• 3Y*: 23.53%
• 5Y*: 14.06%
• 10Y*: 11.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. IVLU - 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%
IVLU iShares MSCI International Value Factor ETF	12.96%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	15.60%	-15.10%	23.10%

Correlation

The correlation between EUFN and IVLU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015	0.83

The correlation between EUFN and IVLU has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

EUFN vs. IVLU - Sectors Allocation Comparison

Sectors	EUFN	IVLU
Financial Services	97.1%	25.3%
Technology	1.0%	11.3%
Industrials	0.4%	17.2%
Consumer Cyclical	0.2%	7.4%
Basic Materials	-	7.5%
Communication Services	-	4.0%
Consumer Defensive	-	6.3%
Energy	-	5.1%
Healthcare	-	9.7%
Real Estate	-	1.5%
Utilities	-	3.3%

Return for Risk

EUFN vs. IVLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUFN

EUFN Risk / Return Rank: 42
EUFN Sharpe Ratio Rank: 42
EUFN Sortino Ratio Rank: 42
EUFN Omega Ratio Rank: 39
EUFN Calmar Ratio Rank: 41
EUFN Martin Ratio Rank: 44

IVLU

IVLU Risk / Return Rank: 73
IVLU Sharpe Ratio Rank: 78
IVLU Sortino Ratio Rank: 77
IVLU Omega Ratio Rank: 76
IVLU Calmar Ratio Rank: 67
IVLU Martin Ratio Rank: 69

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. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and iShares MSCI International Value Factor ETF (IVLU). 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	IVLU	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.17	-0.86
Sortino ratio: Return per unit of downside risk	1.92	2.98	-1.06
Omega ratio: Gain probability vs. loss probability	1.23	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	1.79	2.90	-1.12
Martin ratio: Return relative to average drawdown	6.24	11.01	-4.77

EUFN vs. IVLU - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.31, which is lower than the IVLU Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of EUFN and IVLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUFN vs. IVLU - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than IVLU's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for EUFN and IVLU.

Drawdown Indicators

	EUFN	IVLU	Difference
Max Drawdown Largest peak-to-trough decline	-53.25%	-41.85%	-11.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-11.69%	-3.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-15.48%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-35.15%	-26.04%	-9.11%
Max Drawdown (10Y) Largest decline over 10 years	-53.25%	-41.85%	-11.40%
Current Drawdown Current decline from peak	-0.10%	-0.53%	+0.43%
Average Drawdown Average peak-to-trough decline	-14.53%	-8.57%	-5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	3.09%	+1.14%

Volatility

EUFN vs. IVLU - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.96% compared to iShares MSCI International Value Factor ETF (IVLU) at 5.44%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUFN	IVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	5.44%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	17.05%	12.85%	+4.20%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	15.65%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.88%	16.58%	+5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.53%	17.66%	+6.87%

EUFN vs. IVLU - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is higher than IVLU's 0.30% expense ratio.

Dividends

EUFN vs. IVLU - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.41%, more than IVLU's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IVLU iShares MSCI International Value Factor ETF	3.28%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%

Frequently Asked Questions

Can I hold both EUFN and IVLU in my portfolio?

EUFN and IVLU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUFN or IVLU?

EUFN has higher volatility (6.96%) compared to IVLU (5.44%). In terms of maximum drawdown, EUFN dropped -53.25% vs IVLU's -41.85%.

Which ETF is better, EUFN or IVLU?

On 10-year performance, EUFN leads with 13.48% vs 11.63% for IVLU. On fees, IVLU is cheaper at 0.30% per year. On volatility, IVLU has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUFN or IVLU?

Over the 10-year period, EUFN has performed better with a 13.48% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUFN or IVLU?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.48% for EUFN.

Which ETF pays a higher dividend yield, EUFN or IVLU?

EUFN has the higher dividend yield at 3.41%, compared with 3.28% for IVLU.

What is the main difference between EUFN and IVLU?

EUFN is categorized as Financials Equities, while IVLU is Foreign Large Cap Equities. EUFN tracks MSCI Europe Financials Index, while IVLU tracks MSCI World ex USA Enhanced Value Index. Their fees differ too: 0.48% for EUFN and 0.30% for IVLU.

Which has better risk-adjusted returns?

IVLU currently has the higher Sharpe Ratio (2.17 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.