FPXE vs. EFNL
Compare and contrast key facts about First Trust IPOX Europe Equity Opportunities ETF (FPXE) and iShares MSCI Finland ETF (EFNL).
FPXE and EFNL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPXE is a passively managed fund by First Trust that tracks the performance of the IPOX 100 Europe Index. It was launched on Oct 4, 2018. EFNL is a passively managed fund by iShares that tracks the performance of the MSCI Finland IMI 25/50 Index. It was launched on Jan 25, 2012. Both FPXE and EFNL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FPXE vs. EFNL - Performance Comparison
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FPXE vs. EFNL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.67% | 24.46% | 16.31% | 14.45% | -35.13% | 9.00% | 35.00% | 34.55% | -14.93% |
EFNL iShares MSCI Finland ETF | 4.17% | 53.59% | -5.28% | -0.12% | -17.29% | 10.50% | 20.19% | 13.64% | -10.90% |
Returns By Period
In the year-to-date period, FPXE achieves a 1.67% return, which is significantly lower than EFNL's 4.17% return.
FPXE
- 1D
- 2.33%
- 1M
- -2.82%
- YTD
- 1.67%
- 6M
- -0.44%
- 1Y
- 25.15%
- 3Y*
- 15.73%
- 5Y*
- 3.77%
- 10Y*
- —
EFNL
- 1D
- 1.70%
- 1M
- -1.75%
- YTD
- 4.17%
- 6M
- 16.25%
- 1Y
- 41.22%
- 3Y*
- 13.82%
- 5Y*
- 6.00%
- 10Y*
- 8.79%
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FPXE vs. EFNL - Expense Ratio Comparison
FPXE has a 0.70% expense ratio, which is higher than EFNL's 0.53% expense ratio.
Return for Risk
FPXE vs. EFNL — Risk / Return Rank
FPXE
EFNL
FPXE vs. EFNL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities ETF (FPXE) and iShares MSCI Finland ETF (EFNL). 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.
| FPXE | EFNL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.32 | -1.14 |
Sortino ratioReturn per unit of downside risk | 1.79 | 3.05 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.75 | -1.56 |
Martin ratioReturn relative to average drawdown | 6.94 | 16.52 | -9.57 |
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
| FPXE | EFNL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.32 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.31 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.41 | -0.03 |
Correlation
The correlation between FPXE and EFNL is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FPXE vs. EFNL - Dividend Comparison
FPXE's dividend yield for the trailing twelve months is around 1.13%, less than EFNL's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.13% | 1.15% | 2.10% | 2.03% | 1.81% | 0.47% | 1.35% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% |
EFNL iShares MSCI Finland ETF | 3.26% | 3.40% | 5.05% | 4.31% | 5.94% | 2.29% | 2.94% | 5.70% | 3.83% | 3.30% | 2.40% | 1.57% |
Drawdowns
FPXE vs. EFNL - Drawdown Comparison
The maximum FPXE drawdown since its inception was -49.55%, which is greater than EFNL's maximum drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for FPXE and EFNL.
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Drawdown Indicators
| FPXE | EFNL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -38.70% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -10.90% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -49.55% | -38.70% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.70% | — |
Current DrawdownCurrent decline from peak | -5.05% | -3.13% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -14.99% | -11.05% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.48% | +1.27% |
Volatility
FPXE vs. EFNL - Volatility Comparison
First Trust IPOX Europe Equity Opportunities ETF (FPXE) has a higher volatility of 9.29% compared to iShares MSCI Finland ETF (EFNL) at 6.82%. This indicates that FPXE's price experiences larger fluctuations and is considered to be riskier than EFNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPXE | EFNL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 6.82% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 12.36% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 17.88% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 19.41% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.12% | 19.99% | +2.13% |