EZU vs. GFI
EZU (iShares MSCI Eurozone ETF) is Europe Equities fund tracking the MSCI EMU, while GFI (Gold Fields Limited) is a stock. Over the past 10 years, EZU returned 10.85%/yr vs 27.45%/yr for GFI. At a 0.24 correlation, their price movements are largely independent.
Performance
EZU vs. GFI - Performance Comparison
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Returns By Period
In the year-to-date period, EZU achieves a 9.10% return, which is significantly higher than GFI's -13.96% return. Over the past 10 years, EZU has underperformed GFI with an annualized return of 10.85%, while GFI has yielded a comparatively higher 27.45% annualized return.
EZU
- 1D
- 0.00%
- 1M
- 6.05%
- YTD
- 9.10%
- 6M
- 10.35%
- 1Y
- 22.18%
- 3Y*
- 18.40%
- 5Y*
- 9.24%
- 10Y*
- 10.85%
GFI
- 1D
- 1.67%
- 1M
- -9.36%
- YTD
- -13.96%
- 6M
- -13.63%
- 1Y
- 47.65%
- 3Y*
- 39.19%
- 5Y*
- 32.03%
- 10Y*
- 27.45%
EZU vs. GFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 9.10% | 40.00% | 2.23% | 23.44% | -17.25% | 13.92% | 7.62% | 23.27% | -16.76% | 27.89% |
GFI Gold Fields Limited | -13.96% | 240.42% | -6.27% | 44.90% | -2.61% | 23.33% | 43.02% | 89.47% | -16.75% | 45.29% |
Correlation
The correlation between EZU and GFI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2007 | 0.24 |
The correlation between EZU and GFI shifts across timeframes, from 0.19 (10 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EZU vs. GFI — Risk / Return Rank
EZU
GFI
EZU vs. GFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and Gold Fields Limited (GFI). 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.
| EZU | GFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.15 | +0.39 |
| Martin ratioReturn relative to average drawdown | 5.60 | 3.06 | +2.54 |
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Drawdowns
EZU vs. GFI - Drawdown Comparison
The maximum EZU drawdown since its inception was -65.32%, smaller than the maximum GFI drawdown of -88.05%. Use the drawdown chart below to compare losses from any high point for EZU and GFI.
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Drawdown Indicators
| EZU | GFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -88.05% | +22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -43.90% | +30.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -43.90% | +28.88% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -56.22% | +20.11% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -63.09% | +21.72% |
Current DrawdownCurrent decline from peak | 0.00% | -38.93% | +38.93% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -44.25% | +25.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 16.51% | -12.90% |
Volatility
EZU vs. GFI - Volatility Comparison
The current volatility for iShares MSCI Eurozone ETF (EZU) is 6.52%, while Gold Fields Limited (GFI) has a volatility of 17.70%. This indicates that EZU experiences smaller price fluctuations and is considered to be less risky than GFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZU | GFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 17.70% | -11.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 46.40% | -31.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 59.94% | -42.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 52.37% | -32.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 54.90% | -34.40% |
Dividends
EZU vs. GFI - Dividend Comparison
EZU's dividend yield for the trailing twelve months is around 2.61%, less than GFI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 2.61% | 2.85% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% |
GFI Gold Fields Limited | 5.04% | 1.77% | 2.94% | 2.87% | 3.40% | 3.24% | 1.72% | 0.81% | 1.61% | 1.41% | 1.35% | 0.60% |
Frequently Asked Questions
EZU and GFI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFI has higher volatility (17.70%) compared to EZU (6.52%). In terms of maximum drawdown, EZU dropped -65.32% vs GFI's -88.05%.
EZU currently has the higher Sharpe Ratio (1.15 vs 0.85), 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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