EUFN vs. SPY
Compare and contrast key facts about iShares MSCI Europe Financials ETF (EUFN) and SPDR S&P 500 ETF (SPY).
EUFN and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EUFN and SPY 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 SPY.
Performance
EUFN vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, EUFN achieves a 16.64% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, EUFN has underperformed SPY with an annualized return of 4.28%, while SPY has yielded a comparatively higher 13.10% annualized return.
EUFN
16.64%
-2.71%
3.07%
25.25%
9.14%
4.28%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| EUFN | SPY | |
|---|---|---|
| Sharpe Ratio | 1.67 | 2.70 |
| Sortino Ratio | 2.21 | 3.60 |
| Omega Ratio | 1.28 | 1.50 |
| Calmar Ratio | 3.08 | 3.90 |
| Martin Ratio | 9.24 | 17.52 |
| Ulcer Index | 2.73% | 1.87% |
| Daily Std Dev | 15.07% | 12.14% |
| Max Drawdown | -53.25% | -55.19% |
| Current Drawdown | -5.44% | -0.85% |
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EUFN vs. SPY - Expense Ratio Comparison
EUFN has a 0.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between EUFN and SPY is 0.69, 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.
Risk-Adjusted Performance
EUFN vs. SPY - 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 500 ETF (SPY). 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. SPY - Dividend Comparison
EUFN's dividend yield for the trailing twelve months is around 4.62%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 4.62% | 5.00% | 4.23% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% | 3.35% | 1.59% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EUFN vs. SPY - Drawdown Comparison
The maximum EUFN drawdown since its inception was -53.25%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EUFN and SPY. For additional features, visit the drawdowns tool.
Volatility
EUFN vs. SPY - Volatility Comparison
iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 4.69% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.