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EUFN vs. KRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. KRE

Last updated Aug 2, 2026
Documentation

EUFN (iShares MSCI Europe Financials ETF) and KRE (SPDR S&P Regional Banking ETF) are both Financials Equities funds - EUFN tracks the MSCI Europe Financials Index (Net) while KRE tracks the S&P Regional Banks Select Industry Index. Both are passively managed. Over the past 10 years, EUFN returned 14.87%/yr vs 9.54%/yr for KRE. Their 0.59 correlation means they have sometimes moved together and sometimes differently. EUFN charges 0.49%/yr vs 0.35%/yr for KRE.

Performance

EUFN vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and SPDR S&P Regional Banking ETF (KRE). 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 15.76% return, which is significantly lower than KRE's 18.73% return. Over the past 10 years, EUFN has outperformed KRE with an annualized return of 14.87%, while KRE has yielded a comparatively lower 9.54% annualized return.

EUFN

1D
-0.05%
1M
4.57%
6M
12.34%
YTD
15.76%
1Y
37.30%
3Y*
34.07%
5Y*
21.90%
10Y*
14.87%
ALL TIME*
7.77%

KRE

1D
0.21%
1M
1.39%
6M
11.83%
YTD
18.73%
1Y
32.45%
3Y*
19.76%
5Y*
6.87%
10Y*
9.54%
ALL TIME*
4.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EUFN

iShares MSCI Europe Financials ETF
$57.65M$60.11M$50.38M

KRE

SPDR S&P Regional Banking ETF
$961.35M$999.45M$1.05B

EUFN vs. KRE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUFN
iShares MSCI Europe Financials ETF		15.76%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%
KRE
SPDR S&P Regional Banking ETF		18.73%10.21%18.58%-7.61%-15.08%39.29%-7.43%27.44%-18.81%7.49%

Correlation

The correlation between EUFN and KRE is 0.43, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.43

Correlation (3Y)
Balances recent behavior with more history.

0.49

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.58

Correlation (10Y)
Provides a long-term view across more market conditions.

0.60

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

0.59

The correlation between EUFN and KRE shifts across timeframes, from 0.43 (1 year) to 0.60 (10 years), reflecting how their relationship changes across market environments.

EUFN vs. KRE - Sectors Allocation Comparison

Sectors
EUFN
KRE

Financial Services

98.1%
100.0%

Technology

0.9%

-

Industrials

0.4%

-

Consumer Cyclical

0.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

EUFN
98.1%
KRE
100.0%

Technology

EUFN
0.9%
KRE

-

Industrials

EUFN
0.4%
KRE

-

Consumer Cyclical

EUFN
0.2%
KRE

-

Basic Materials

EUFN

-

KRE

-

Communication Services

EUFN

-

KRE

-

Consumer Defensive

EUFN

-

KRE

-

Energy

EUFN

-

KRE

-

Healthcare

EUFN

-

KRE

-

Real Estate

EUFN

-

KRE

-

Utilities

EUFN

-

KRE

-

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iShares MSCI Europe Financials ETF

SPDR S&P Regional Banking ETF

Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. GSIBEUFN vs. SPYEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR
Often compared with KRE:
KRE vs. XLFKRE vs. KBEKRE vs. KBWBKRE vs. IATKRE vs. DPSTKRE vs. VFHKRE vs. NVDA

Return for Risk

EUFN vs. KRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EUFN
EUFN Risk / Return Rank: 7474
Overall Rank
EUFN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 7878
Sortino Ratio Rank
EUFN Omega Ratio Rank: 7272
Omega Ratio Rank
EUFN Calmar Ratio Rank: 7171
Calmar Ratio Rank
EUFN Martin Ratio Rank: 7070
Martin Ratio Rank
KRE
KRE Risk / Return Rank: 5353
Overall Rank
KRE Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
KRE Sortino Ratio Rank: 5353
Sortino Ratio Rank
KRE Omega Ratio Rank: 5555
Omega Ratio Rank
KRE Calmar Ratio Rank: 5757
Calmar Ratio Rank
KRE Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EUFN vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and SPDR S&P Regional Banking ETF (KRE). 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.

EUFNKREDifference
Sharpe ratioReturn per unit of total volatility
1.76
1.31

+0.46

Sortino ratioReturn per unit of downside risk
2.50
1.85

+0.65

Omega ratioGain probability vs. loss probability

1.30

1.24

+0.05

Calmar ratioReturn relative to maximum drawdown

2.43

2.00

+0.44

Martin ratioReturn relative to average drawdown

8.55

5.30

+3.26

EUFN vs. KRE - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.76, which is higher than the KRE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of EUFN and KRE, 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. KRE - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for EUFN and KRE.

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Drawdown Indicators

EUFNKREDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-68.54%

+15.29%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-14.95%

+0.18%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-28.20%

+12.25%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-52.69%

+17.54%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

-54.92%

+1.67%

Current Drawdown

Current decline from peak

-0.05%

-2.39%

+2.34%

Average Drawdown

Average peak-to-trough decline

-14.42%

-21.74%

+7.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.20%

5.63%

-1.43%

Volatility

EUFN vs. KRE - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.32% compared to SPDR S&P Regional Banking ETF (KRE) at 5.56%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFNKREDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.32%

5.56%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

17.74%

15.30%

+2.44%

Volatility (1Y)

Calculated over the trailing 1-year period

20.39%

22.91%

-2.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.81%

29.63%

-7.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.71%

31.76%

-8.05%

EUFN vs. KRE - Expense Ratio Comparison

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

Dividends

EUFN vs. KRE - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.96%, more than KRE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.96%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
KRE
SPDR S&P Regional Banking ETF		2.10%2.45%2.59%2.99%2.51%1.97%2.78%2.21%2.48%1.40%1.40%1.80%

Frequently Asked Questions

EUFN and KRE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (6.32%) compared to KRE (5.56%). In terms of maximum drawdown, EUFN dropped -53.25% vs KRE's -68.54%.

On 10-year performance, EUFN leads with 14.87% vs 9.54% for KRE. On fees, KRE is cheaper at 0.35% per year. On volatility, KRE has been the lower-risk option at 5.56%. 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 14.87% return vs 9.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

EUFN has the higher dividend yield at 3.96%, compared with 2.10% for KRE.

EUFN tracks MSCI Europe Financials Index (Net), while KRE tracks S&P Regional Banks Select Industry Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.49% for EUFN and 0.35% for KRE.

EUFN currently has the higher Sharpe Ratio (1.76 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.

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