IAT vs. EUFN

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and iShares MSCI Europe Financials ETF (EUFN).

IAT and EUFN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. 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 IAT 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.

Performance

IAT vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

IAT vs. EUFN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAT iShares U.S. Regional Banks ETF	-1.89%	13.05%	24.36%	-8.53%	-20.61%	38.89%	-7.60%	31.38%	-17.45%	10.42%
EUFN iShares MSCI Europe Financials ETF	-6.04%	65.73%	17.20%	26.15%	-8.78%	19.13%	-8.55%	20.73%	-23.14%	26.94%

Returns By Period

In the year-to-date period, IAT achieves a -1.89% return, which is significantly higher than EUFN's -6.04% return. Over the past 10 years, IAT has underperformed EUFN with an annualized return of 8.31%, while EUFN has yielded a comparatively higher 11.63% annualized return.

IAT

• 1D: 3.16%
• 1M: -3.69%
• YTD: -1.89%
• 6M: 4.08%
• 1Y: 19.12%
• 3Y*: 18.64%
• 5Y*: 1.94%
• 10Y*: 8.31%

EUFN

• 1D: 4.25%
• 1M: -7.58%
• YTD: -6.04%
• 6M: 2.94%
• 1Y: 27.35%
• 3Y*: 29.23%
• 5Y*: 17.62%
• 10Y*: 11.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IAT vs. EUFN - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is lower than EUFN's 0.48% expense ratio.

EUFN

iShares MSCI Europe Financials ETF

IAT

iShares U.S. Regional Banks ETF

Return for Risk

IAT vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAT

IAT Risk / Return Rank: 41
IAT Sharpe Ratio Rank: 39
IAT Sortino Ratio Rank: 39
IAT Omega Ratio Rank: 42
IAT Calmar Ratio Rank: 48
IAT Martin Ratio Rank: 35

EUFN

EUFN Risk / Return Rank: 70
EUFN Sharpe Ratio Rank: 73
EUFN Sortino Ratio Rank: 72
EUFN Omega Ratio Rank: 69
EUFN Calmar Ratio Rank: 71
EUFN Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAT vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

	IAT	EUFN	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.24	-0.54
Sortino ratio Return per unit of downside risk	1.07	1.76	-0.69
Omega ratio Gain probability vs. loss probability	1.16	1.24	-0.09
Calmar ratio Return relative to maximum drawdown	1.19	1.74	-0.56
Martin ratio Return relative to average drawdown	3.13	6.10	-2.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAT vs. EUFN - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 0.70, which is lower than the EUFN Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of IAT and EUFN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IAT	EUFN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.24	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.82	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.48	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.25	-0.16

Correlation

The correlation between IAT and EUFN is 0.62, 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

IAT vs. EUFN - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 3.01%, less than EUFN's 3.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAT iShares U.S. Regional Banks ETF	3.01%	2.94%	2.95%	3.56%	3.12%	1.88%	2.87%	2.49%	2.48%	1.55%	1.52%	1.78%
EUFN iShares MSCI Europe Financials ETF	3.80%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%

Drawdowns

IAT vs. EUFN - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for IAT and EUFN.

Drawdown Indicators

	IAT	EUFN	Difference
Max Drawdown Largest peak-to-trough decline	-77.22%	-53.25%	-23.97%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-14.77%	-2.72%
Max Drawdown (5Y) Largest decline over 5 years	-55.55%	-35.15%	-20.40%
Max Drawdown (10Y) Largest decline over 10 years	-55.55%	-53.25%	-2.30%
Current Drawdown Current decline from peak	-13.87%	-10.30%	-3.57%
Average Drawdown Average peak-to-trough decline	-27.14%	-14.68%	-12.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.62%	4.22%	+2.40%

Volatility

IAT vs. EUFN - Volatility Comparison

The current volatility for iShares U.S. Regional Banks ETF (IAT) is 5.92%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 9.84%. This indicates that IAT experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAT	EUFN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	9.84%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	16.94%	14.70%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	22.21%	+5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.09%	21.57%	+7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.80%	24.53%	+6.27%