FBDC vs. EUFN
FBDC (FT Confluence BDC & Specialty Finance Income ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds. FBDC is actively managed, while EUFN is passively managed. At a 0.36 correlation, their price movements are largely independent. FBDC charges 1.35%/yr vs 0.49%/yr for EUFN.
Performance
FBDC vs. EUFN - Performance Comparison
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Returns By Period
In the year-to-date period, FBDC achieves a -10.39% return, which is significantly lower than EUFN's 7.49% return.
FBDC
- 1D
- 0.30%
- 1M
- -1.24%
- YTD
- -10.39%
- 6M
- -8.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUFN
- 1D
- -1.02%
- 1M
- 4.47%
- YTD
- 7.49%
- 6M
- 7.23%
- 1Y
- 32.41%
- 3Y*
- 33.90%
- 5Y*
- 19.66%
- 10Y*
- 14.20%
FBDC vs. EUFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.39% | -2.66% |
EUFN iShares MSCI Europe Financials ETF | 7.49% | 19.09% |
Correlation
The correlation between FBDC and EUFN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.36 |
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Return for Risk
FBDC vs. EUFN — Risk / Return Rank
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUFN
FBDC vs. EUFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) 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.
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.
| FBDC | EUFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.20 | — |
| Martin ratioReturn relative to average drawdown | — | 7.71 | — |
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Drawdowns
FBDC vs. EUFN - Drawdown Comparison
The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for FBDC and EUFN.
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Drawdown Indicators
| FBDC | EUFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.60% | -53.25% | +32.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.25% | — |
Current DrawdownCurrent decline from peak | -18.04% | -1.02% | -17.02% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -14.51% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.22% | — |
Volatility
FBDC vs. EUFN - Volatility Comparison
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Volatility by Period
| FBDC | EUFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 20.01% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 21.86% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 23.88% | -5.88% |
FBDC vs. EUFN - Expense Ratio Comparison
FBDC has a 1.35% expense ratio, which is higher than EUFN's 0.49% expense ratio.
Dividends
FBDC vs. EUFN - Dividend Comparison
FBDC's dividend yield for the trailing twelve months is around 11.63%, more than EUFN's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 4.27% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.63% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBDC and EUFN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUFN is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUFN is cheaper with a 0.49% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.63%, compared with 4.27% for EUFN.
They also come from different issuers: First Trust and iShares. Their fees differ too: 1.35% for FBDC and 0.49% for EUFN.
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