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EUFN vs. KBWP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. KBWP

Last updated Jun 24, 2026

EUFN (iShares MSCI Europe Financials ETF) and KBWP (Invesco KBW Property & Casualty Insurance ETF) are both Financials Equities funds - EUFN tracks the MSCI Europe Financials Index (Net) while KBWP tracks the KBW Nasdaq Property & Casualty (TR). Both are passively managed. Over the past 10 years, EUFN returned 14.20%/yr vs 12.39%/yr for KBWP. At a 0.42 correlation, their price movements are largely independent. EUFN charges 0.49%/yr vs 0.35%/yr for KBWP.

Performance

EUFN vs. KBWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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 higher than KBWP's -1.94% return. Over the past 10 years, EUFN has outperformed KBWP with an annualized return of 14.20%, while KBWP has yielded a comparatively lower 12.39% annualized 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%

KBWP

1D
2.46%
1M
2.63%
YTD
-1.94%
6M
-2.38%
1Y
2.45%
3Y*
17.19%
5Y*
12.41%
10Y*
12.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. KBWP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUFN
iShares MSCI Europe Financials ETF		7.49%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%
KBWP
Invesco KBW Property & Casualty Insurance ETF		-1.94%11.49%30.45%7.09%10.16%20.61%-2.05%28.67%-2.76%8.86%

Correlation

The correlation between EUFN and KBWP is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.15

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

0.30

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

0.44

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

0.48

Correlation (All Time)
Calculated using the full available price history since Dec 22, 2010

0.42

Over the past year, the correlation between EUFN and KBWP has dropped to 0.15 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

EUFN vs. KBWP - Sectors Allocation Comparison

Sectors
EUFN
KBWP

Financial Services

97.8%
100.0%

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%
KBWP
100.0%

Technology

EUFN
1.0%
KBWP

-

Industrials

EUFN
0.4%
KBWP

-

Consumer Cyclical

EUFN
0.2%
KBWP

-

Basic Materials

EUFN

-

KBWP

-

Communication Services

EUFN

-

KBWP

-

Consumer Defensive

EUFN

-

KBWP

-

Energy

EUFN

-

KBWP

-

Healthcare

EUFN

-

KBWP

-

Real Estate

EUFN

-

KBWP

-

Utilities

EUFN

-

KBWP

-

Compare stocks, funds, or ETFs

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iShares MSCI Europe Financials ETF

Invesco KBW Property & Casualty Insurance ETF

Often compared with EUFN:
EUFN vs. FDDEUFN vs. XLFEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR
Often compared with KBWP:
KBWP vs. IAKKBWP vs. KIEKBWP vs. KBEKBWP vs. ACGLKBWP vs. PSCFKBWP vs. TRVKBWP vs. VOO

Return for Risk

EUFN vs. KBWP — 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
KBWP
KBWP Risk / Return Rank: 1111
Overall Rank
KBWP Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KBWP Sortino Ratio Rank: 1010
Sortino Ratio Rank
KBWP Omega Ratio Rank: 1010
Omega Ratio Rank
KBWP Calmar Ratio Rank: 1111
Calmar Ratio Rank
KBWP Martin Ratio Rank: 1111
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. KBWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.

EUFNKBWPDifference
Sharpe ratioReturn per unit of total volatility
1.63
0.15

+1.48

Sortino ratioReturn per unit of downside risk
2.33
0.32

+2.01

Omega ratioGain probability vs. loss probability

1.28

1.04

+0.24

Calmar ratioReturn relative to maximum drawdown

2.20

0.26

+1.95

Martin ratioReturn relative to average drawdown

7.71

0.56

+7.14

EUFN vs. KBWP - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.63, which is higher than the KBWP Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of EUFN and KBWP, 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. KBWP - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than KBWP's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for EUFN and KBWP.

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Drawdown Indicators

EUFNKBWPDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-39.76%

-13.49%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-9.56%

-5.21%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-12.29%

-3.66%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-17.00%

-18.15%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

-39.76%

-13.49%

Current Drawdown

Current decline from peak

-1.02%

-2.75%

+1.73%

Average Drawdown

Average peak-to-trough decline

-14.51%

-4.37%

-10.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.22%

4.36%

-0.14%

Volatility

EUFN vs. KBWP - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.24% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 5.82%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFNKBWPDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.24%

5.82%

+0.42%

Volatility (6M)

Calculated over the trailing 6-month period

17.09%

12.07%

+5.02%

Volatility (1Y)

Calculated over the trailing 1-year period

20.01%

16.60%

+3.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.86%

18.54%

+3.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.88%

20.73%

+3.15%

EUFN vs. KBWP - Expense Ratio Comparison

EUFN has a 0.49% expense ratio, which is higher than KBWP's 0.35% expense ratio.

Dividends

EUFN vs. KBWP - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 4.27%, more than KBWP's 2.00% 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%
KBWP
Invesco KBW Property & Casualty Insurance ETF		2.00%1.58%1.64%1.68%1.99%3.02%1.93%1.99%2.11%1.90%2.14%1.35%

Frequently Asked Questions

EUFN and KBWP have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (6.24%) compared to KBWP (5.82%). In terms of maximum drawdown, EUFN dropped -53.25% vs KBWP's -39.76%.

On 10-year performance, EUFN leads with 14.20% vs 12.39% for KBWP. On fees, KBWP is cheaper at 0.35% per year. On volatility, KBWP has been the lower-risk option at 5.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EUFN has performed better with a 14.20% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KBWP is cheaper with a 0.35% expense ratio, compared with 0.49% for EUFN.

EUFN has the higher dividend yield at 4.27%, compared with 2.00% for KBWP.

EUFN tracks MSCI Europe Financials Index (Net), while KBWP tracks KBW Nasdaq Property & Casualty (TR). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.49% for EUFN and 0.35% for KBWP.

EUFN currently has the higher Sharpe Ratio (1.63 vs 0.15), 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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