EUFN vs. TLT
EUFN (iShares MSCI Europe Financials ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index (Net), while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, EUFN returned 14.87%/yr vs -2.38%/yr for TLT. Their -0.26 correlation means they have often moved in opposite directions in the past. EUFN charges 0.49%/yr vs 0.15%/yr for TLT.
Performance
EUFN vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, EUFN achieves a 15.76% return, which is significantly higher than TLT's -3.49% return. Over the past 10 years, EUFN has outperformed TLT with an annualized return of 14.87%, while TLT has yielded a comparatively lower -2.38% 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%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $57.65M | $60.11M | $50.38M | |
| $2.33B | $2.02B | $2.19B |
EUFN vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between EUFN and TLT is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010 | -0.26 |
The correlation between EUFN and TLT shifts across timeframes, from -0.26 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUFN vs. TLT — Risk / Return Rank
EUFN
TLT
EUFN vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| EUFN | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | -0.14 | +2.57 |
| Martin ratioReturn relative to average drawdown | 8.55 | -0.30 | +8.85 |
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Drawdowns
EUFN vs. TLT - Drawdown Comparison
The maximum EUFN drawdown since its inception was -53.25%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EUFN and TLT.
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Drawdown Indicators
| EUFN | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.25% | -48.35% | -4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -7.74% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -14.79% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -35.15% | -43.70% | +8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -53.25% | -48.35% | -4.90% |
Current DrawdownCurrent decline from peak | -0.05% | -42.36% | +42.31% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -13.99% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 3.57% | +0.63% |
Volatility
EUFN vs. TLT - Volatility Comparison
iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.32% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUFN | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 2.46% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 6.85% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 9.32% | +11.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 15.74% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 14.83% | +8.88% |
EUFN vs. TLT - Expense Ratio Comparison
EUFN has a 0.49% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
EUFN vs. TLT - Dividend Comparison
EUFN's dividend yield for the trailing twelve months is around 3.96%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
EUFN and TLT have a correlation of 0.26, 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 TLT (2.46%). In terms of maximum drawdown, EUFN dropped -53.25% vs TLT's -48.35%.
On 10-year performance, EUFN leads with 14.87% vs -2.38% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.46%. 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 -2.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.49% for EUFN.
TLT has the higher dividend yield at 4.34%, compared with 3.96% for EUFN.
EUFN is categorized as Financials Equities, while TLT is Government Bonds. EUFN tracks MSCI Europe Financials Index (Net), while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.49% for EUFN and 0.15% for TLT.
EUFN currently has the higher Sharpe Ratio (1.76 vs -0.11), 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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