EURL vs. EUFN
Compare and contrast key facts about Direxion Daily FTSE Europe Bull 3x Shares (EURL) and iShares MSCI Europe Financials ETF (EUFN).
EURL and EUFN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EURL is a passively managed fund by Direxion that tracks the performance of the FTSE Developed Europe Index (300%). It was launched on Jan 22, 2014. 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. Both EURL and EUFN 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: EURL or EUFN.
Performance
EURL vs. EUFN - Performance Comparison
Returns By Period
In the year-to-date period, EURL achieves a -8.14% return, which is significantly lower than EUFN's 16.64% return. Over the past 10 years, EURL has underperformed EUFN with an annualized return of -3.41%, while EUFN has yielded a comparatively higher 4.28% annualized return.
EURL
-8.14%
-17.67%
-22.02%
8.61%
-4.87%
-3.41%
EUFN
16.64%
-2.71%
3.07%
25.25%
9.14%
4.28%
Key characteristics
| EURL | EUFN | |
|---|---|---|
| Sharpe Ratio | 0.22 | 1.67 |
| Sortino Ratio | 0.58 | 2.21 |
| Omega Ratio | 1.07 | 1.28 |
| Calmar Ratio | 0.17 | 3.08 |
| Martin Ratio | 0.91 | 9.24 |
| Ulcer Index | 9.76% | 2.73% |
| Daily Std Dev | 39.77% | 15.07% |
| Max Drawdown | -84.65% | -53.25% |
| Current Drawdown | -48.86% | -5.44% |
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EURL vs. EUFN - Expense Ratio Comparison
EURL has a 1.07% expense ratio, which is higher than EUFN's 0.48% expense ratio.
Correlation
The correlation between EURL and EUFN is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EURL vs. EUFN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) and iShares MSCI Europe Financials ETF (EUFN). 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
EURL vs. EUFN - Dividend Comparison
EURL's dividend yield for the trailing twelve months is around 3.34%, less than EUFN's 4.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 3.34% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% | 0.79% | 0.00% |
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% |
Drawdowns
EURL vs. EUFN - Drawdown Comparison
The maximum EURL drawdown since its inception was -84.65%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for EURL and EUFN. For additional features, visit the drawdowns tool.
Volatility
EURL vs. EUFN - Volatility Comparison
Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a higher volatility of 12.71% compared to iShares MSCI Europe Financials ETF (EUFN) at 4.69%. This indicates that EURL's price experiences larger fluctuations and is considered to be riskier than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.