EUFN vs. KWT

Last updated Jun 4, 2026

EUFN (iShares MSCI Europe Financials ETF) and KWT (iShares MSCI Kuwait ETF) are both Financials Equities funds from iShares - EUFN tracks the MSCI Europe Financials Index while KWT tracks the MSCI All Kuwait Select Size Liquidity Capped Index. Both are passively managed. Over the past 5 years, EUFN returned 17.47%/yr vs 9.17%/yr for KWT. At a 0.34 correlation, their price movements are largely independent. EUFN charges 0.48%/yr vs 0.74%/yr for KWT.

Performance

EUFN vs. KWT - Performance Comparison

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

Returns By Period

In the year-to-date period, EUFN achieves a 1.54% return, which is significantly higher than KWT's -1.30% return.

EUFN

• 1D: -2.03%
• 1M: 2.59%
• YTD: 1.54%
• 6M: 8.77%
• 1Y: 23.06%
• 3Y*: 30.91%
• 5Y*: 17.47%
• 10Y*: 11.98%

KWT

• 1D: -0.59%
• 1M: -1.54%
• YTD: -1.30%
• 6M: -1.08%
• 1Y: 6.41%
• 3Y*: 10.61%
• 5Y*: 9.17%
• 10Y*: —

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

EUFN vs. KWT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EUFN iShares MSCI Europe Financials ETF	1.54%	65.73%	17.20%	26.15%	-8.78%	19.13%	19.09%
KWT iShares MSCI Kuwait ETF	-1.30%	25.38%	11.29%	-4.71%	5.16%	30.73%	9.07%

Correlation

The correlation between EUFN and KWT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.34

EUFN vs. KWT - Sectors Allocation Comparison

Sectors	EUFN	KWT
Financial Services	97.3%	64.4%
Technology	1.1%	-
Industrials	0.4%	10.8%
Consumer Cyclical	0.2%	2.2%
Basic Materials	-	1.6%
Communication Services	-	6.3%
Consumer Defensive	-	2.7%
Energy	-	-
Healthcare	-	-
Real Estate	-	11.0%
Utilities	-	1.0%

Return for Risk

EUFN vs. KWT — Risk / Return Rank

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

EUFN

EUFN Risk / Return Rank: 32
EUFN Sharpe Ratio Rank: 32
EUFN Sortino Ratio Rank: 32
EUFN Omega Ratio Rank: 30
EUFN Calmar Ratio Rank: 32
EUFN Martin Ratio Rank: 35

KWT

KWT Risk / Return Rank: 16
KWT Sharpe Ratio Rank: 16
KWT Sortino Ratio Rank: 16
KWT Omega Ratio Rank: 16
KWT Calmar Ratio Rank: 16
KWT Martin Ratio Rank: 15

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. KWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and iShares MSCI Kuwait ETF (KWT). 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.

	EUFN	KWT	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.47	+0.71
Sortino ratio: Return per unit of downside risk	1.74	0.74	+0.99
Omega ratio: Gain probability vs. loss probability	1.21	1.10	+0.11
Calmar ratio: Return relative to maximum drawdown	1.57	0.56	+1.01
Martin ratio: Return relative to average drawdown	5.49	1.33	+4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUFN vs. KWT - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.17, which is higher than the KWT Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of EUFN and KWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUFN	KWT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	0.47	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.68	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.90	-0.64

Drawdowns

EUFN vs. KWT - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than KWT's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for EUFN and KWT.

Drawdown Indicators

	EUFN	KWT	Difference
Max Drawdown Largest peak-to-trough decline	-53.25%	-24.37%	-28.88%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-11.54%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-15.72%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-35.15%	-24.37%	-10.78%
Max Drawdown (10Y) Largest decline over 10 years	-53.25%	—	—
Current Drawdown Current decline from peak	-3.16%	-6.07%	+2.91%
Average Drawdown Average peak-to-trough decline	-14.56%	-7.30%	-7.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	4.85%	-0.64%

Volatility

EUFN vs. KWT - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 7.00% compared to iShares MSCI Kuwait ETF (KWT) at 3.16%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than KWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUFN	KWT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	3.16%	+3.84%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	11.64%	+4.92%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	13.84%	+5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.80%	13.61%	+8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.55%	13.93%	+10.62%

EUFN vs. KWT - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is lower than KWT's 0.74% expense ratio.

Dividends

EUFN vs. KWT - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.52%, less than KWT's 5.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUFN iShares MSCI Europe Financials ETF	3.52%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%
KWT iShares MSCI Kuwait ETF	5.47%	5.40%	6.09%	2.25%	5.87%	7.65%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUFN and KWT in my portfolio?

EUFN and KWT have a correlation of 0.33, 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 KWT?

EUFN has higher volatility (7.00%) compared to KWT (3.16%). In terms of maximum drawdown, EUFN dropped -53.25% vs KWT's -24.37%.

Which ETF is better, EUFN or KWT?

On 5-year performance, EUFN leads with 17.47% vs 9.17% for KWT. On fees, EUFN is cheaper at 0.48% per year. On volatility, KWT has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUFN or KWT?

Over the 5-year period, EUFN has performed better with a 17.47% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUFN or KWT?

EUFN is cheaper with a 0.48% expense ratio, compared with 0.74% for KWT.

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

KWT has the higher dividend yield at 5.47%, compared with 3.52% for EUFN.

What is the main difference between EUFN and KWT?

EUFN tracks MSCI Europe Financials Index, while KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index. Their fees differ too: 0.48% for EUFN and 0.74% for KWT.

Which has better risk-adjusted returns?

EUFN currently has the higher Sharpe Ratio (1.17 vs 0.47), 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.