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EUFN vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. QQQ

Last updated Jun 14, 2026

EUFN (iShares MSCI Europe Financials ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, EUFN returned 13.48%/yr vs 21.79%/yr for QQQ. A 0.56 correlation means they provide meaningful diversification when combined. EUFN charges 0.48%/yr vs 0.18%/yr for QQQ.

Performance

EUFN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and Invesco QQQ ETF (QQQ). 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 4.75% return, which is significantly lower than QQQ's 17.57% return. Over the past 10 years, EUFN has underperformed QQQ with an annualized return of 13.48%, while QQQ has yielded a comparatively higher 21.79% 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%

QQQ

1D
0.59%
1M
0.22%
YTD
17.57%
6M
17.85%
1Y
37.55%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between EUFN and QQQ is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.59

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

0.50

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

0.54

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

0.50

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

0.56

The correlation between EUFN and QQQ has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

EUFN vs. QQQ - Sectors Allocation Comparison

Sectors
EUFN
QQQ

Financial Services

97.7%
0.2%

Technology

1.0%
58.7%

Industrials

0.4%
2.6%

Consumer Cyclical

0.2%
11.4%

Basic Materials

-

1.0%

Communication Services

-

14.3%

Consumer Defensive

-

6.4%

Energy

-

0.5%

Healthcare

-

3.7%

Real Estate

-

0.1%

Utilities

-

1.2%

Financial Services

EUFN
97.7%
QQQ
0.2%

Technology

EUFN
1.0%
QQQ
58.7%

Industrials

EUFN
0.4%
QQQ
2.6%

Consumer Cyclical

EUFN
0.2%
QQQ
11.4%

Basic Materials

EUFN

-

QQQ
1.0%

Communication Services

EUFN

-

QQQ
14.3%

Consumer Defensive

EUFN

-

QQQ
6.4%

Energy

EUFN

-

QQQ
0.5%

Healthcare

EUFN

-

QQQ
3.7%

Real Estate

EUFN

-

QQQ
0.1%

Utilities

EUFN

-

QQQ
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe Financials ETF

Invesco QQQ ETF

Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

EUFN vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUFN
EUFN Risk / Return Rank: 4242
Overall Rank
EUFN Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4242
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3939
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4141
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4444
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
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. QQQ - Risk-Adjusted Trends Comparison

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

EUFNQQQDifference
Sharpe ratioReturn per unit of total volatility
1.31
2.09

-0.78

Sortino ratioReturn per unit of downside risk
1.92
2.73

-0.81

Omega ratioGain probability vs. loss probability

1.23

1.37

-0.14

Calmar ratioReturn relative to maximum drawdown

1.79

3.01

-1.22

Martin ratioReturn relative to average drawdown

6.24

11.22

-4.99

EUFN vs. QQQ - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.31, which is lower than the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of EUFN and QQQ, 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. QQQ - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for EUFN and QQQ.

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Drawdown Indicators

EUFNQQQDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-82.97%

+29.72%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-11.96%

-2.81%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-22.77%

+6.82%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-35.12%

-0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

-35.12%

-18.13%

Current Drawdown

Current decline from peak

-0.10%

-3.33%

+3.23%

Average Drawdown

Average peak-to-trough decline

-14.53%

-32.75%

+18.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.23%

3.20%

+1.03%

Volatility

EUFN vs. QQQ - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.96%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFNQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

7.56%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

17.05%

13.81%

+3.24%

Volatility (1Y)

Calculated over the trailing 1-year period

20.17%

17.19%

+2.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.88%

22.55%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.53%

22.38%

+2.15%

EUFN vs. QQQ - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

EUFN vs. QQQ - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.41%, more than QQQ's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

EUFN and QQQ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (7.56%) compared to EUFN (6.96%). In terms of maximum drawdown, EUFN dropped -53.25% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 21.79% vs 13.48% for EUFN. On fees, QQQ is cheaper at 0.18% per year. On volatility, EUFN has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 21.79% return vs 13.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.48% for EUFN.

EUFN has the higher dividend yield at 3.41%, compared with 0.39% for QQQ.

EUFN is categorized as Financials Equities, while QQQ is Nasdaq-100. EUFN tracks MSCI Europe Financials Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.48% for EUFN and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (2.09 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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