EUFN vs. KCE
Compare and contrast key facts about iShares MSCI Europe Financials ETF (EUFN) and SPDR S&P Capital Markets ETF (KCE).
EUFN and KCE 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. KCE is a passively managed fund by State Street that tracks the performance of the S&P Capital Markets Select Industry Index. It was launched on Nov 8, 2005. Both EUFN and KCE 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 KCE.
Key characteristics
| EUFN | KCE | |
|---|---|---|
| YTD Return | 19.60% | 30.22% |
| 1Y Return | 35.32% | 54.12% |
| 3Y Return (Ann) | 10.04% | 8.46% |
| 5Y Return (Ann) | 9.46% | 20.73% |
| 10Y Return (Ann) | 4.87% | 12.87% |
| Sharpe Ratio | 2.48 | 3.50 |
| Sortino Ratio | 3.22 | 4.37 |
| Omega Ratio | 1.41 | 1.58 |
| Calmar Ratio | 4.51 | 3.03 |
| Martin Ratio | 14.94 | 24.73 |
| Ulcer Index | 2.47% | 2.32% |
| Daily Std Dev | 14.89% | 16.32% |
| Max Drawdown | -53.25% | -74.00% |
| Current Drawdown | -3.04% | -3.42% |
Correlation
The correlation between EUFN and KCE is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EUFN vs. KCE - Performance Comparison
In the year-to-date period, EUFN achieves a 19.60% return, which is significantly lower than KCE's 30.22% return. Over the past 10 years, EUFN has underperformed KCE with an annualized return of 4.87%, while KCE has yielded a comparatively higher 12.87% 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. KCE - Expense Ratio Comparison
EUFN has a 0.48% expense ratio, which is higher than KCE's 0.35% expense ratio.
Risk-Adjusted Performance
EUFN vs. KCE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and SPDR S&P Capital Markets ETF (KCE). 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. KCE - Dividend Comparison
EUFN's dividend yield for the trailing twelve months is around 4.51%, more than KCE's 1.71% 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% |
KCE SPDR S&P Capital Markets ETF | 1.71% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% | 1.59% | 1.73% |
Drawdowns
EUFN vs. KCE - Drawdown Comparison
The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum KCE drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for EUFN and KCE. For additional features, visit the drawdowns tool.
Volatility
EUFN vs. KCE - Volatility Comparison
The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 3.08%, while SPDR S&P Capital Markets ETF (KCE) has a volatility of 4.44%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than KCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.