FNCL.L vs. HOOD
FNCL.L (SPDR® MSCI Europe Financials UCITS ETF) is Financials Equities fund tracking the MSCI World/Financials NR USD, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past 3 years, FNCL.L returned 28.17%/yr vs 101.52%/yr for HOOD. At a 0.23 correlation, their price movements are largely independent.
Performance
FNCL.L vs. HOOD - Performance Comparison
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Different Trading Currencies
FNCL.L is traded in EUR, while HOOD is traded in USD. To make them comparable, the HOOD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FNCL.L achieves a 2.99% return, which is significantly higher than HOOD's -25.87% return.
FNCL.L
- 1D
- -1.73%
- 1M
- 0.98%
- YTD
- 2.99%
- 6M
- 10.06%
- 1Y
- 21.33%
- 3Y*
- 28.17%
- 5Y*
- 19.22%
- 10Y*
- 12.19%
HOOD
- 1D
- -5.82%
- 1M
- 9.00%
- YTD
- -25.87%
- 6M
- -37.66%
- 1Y
- 13.22%
- 3Y*
- 101.52%
- 5Y*
- —
- 10Y*
- —
FNCL.L vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNCL.L SPDR® MSCI Europe Financials UCITS ETF | 2.99% | 47.03% | 25.92% | 21.19% | -1.89% | 8.09% |
HOOD Robinhood Markets, Inc. | -25.87% | 167.52% | 211.77% | 51.82% | -51.33% | -46.65% |
Correlation
The correlation between FNCL.L and HOOD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021 | 0.23 |
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Return for Risk
FNCL.L vs. HOOD — Risk / Return Rank
FNCL.L
HOOD
FNCL.L vs. HOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) and Robinhood Markets, Inc. (HOOD). 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.
| FNCL.L | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.09 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.23 | +1.51 |
| Martin ratioReturn relative to average drawdown | 5.89 | 0.42 | +5.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNCL.L | HOOD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.20 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.28 | +0.18 |
Drawdowns
FNCL.L vs. HOOD - Drawdown Comparison
The maximum FNCL.L drawdown since its inception was -45.18%, smaller than the maximum HOOD drawdown of -89.02%. Use the drawdown chart below to compare losses from any high point for FNCL.L and HOOD.
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Drawdown Indicators
| FNCL.L | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.18% | -89.02% | +43.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -56.87% | +44.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.84% | -56.87% | +40.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -45.85% | +43.58% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -59.36% | +48.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 31.30% | -27.69% |
Volatility
FNCL.L vs. HOOD - Volatility Comparison
The current volatility for SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) is 5.84%, while Robinhood Markets, Inc. (HOOD) has a volatility of 20.67%. This indicates that FNCL.L experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCL.L | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 20.67% | -14.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 49.09% | -34.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 68.02% | -50.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 73.30% | -54.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 73.30% | -52.31% |
Dividends
FNCL.L vs. HOOD - Dividend Comparison
Neither FNCL.L nor HOOD has paid dividends to shareholders.
Frequently Asked Questions
FNCL.L and HOOD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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