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IEUR vs. RFEU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEUR vs. RFEU

Last updated Aug 4, 2026
Documentation

IEUR (iShares Core MSCI Europe ETF) and RFEU (First Trust RiverFront Dynamic Europe ETF) are both Europe Equities funds. IEUR is passively managed, while RFEU is actively managed. Over the past 10 years, IEUR returned 9.93%/yr vs 7.22%/yr for RFEU. Their correlation of 0.83 means they have usually moved in the same direction. IEUR charges 0.09%/yr vs 0.83%/yr for RFEU.

Performance

IEUR vs. RFEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Europe ETF (IEUR) and First Trust RiverFront Dynamic Europe ETF (RFEU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEUR achieves a 10.73% return, which is significantly higher than RFEU's 1.50% return. Over the past 10 years, IEUR has outperformed RFEU with an annualized return of 9.93%, while RFEU has yielded a comparatively lower 7.22% annualized return.

IEUR

1D
0.42%
1M
1.50%
6M
5.01%
YTD
10.73%
1Y
23.97%
3Y*
17.31%
5Y*
8.96%
10Y*
9.93%
ALL TIME*
6.74%

RFEU

1D
0.00%
1M
0.00%
6M
0.00%
YTD
1.50%
1Y
15.37%
3Y*
11.66%
5Y*
2.74%
10Y*
7.22%
ALL TIME*
7.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IEUR

iShares Core MSCI Europe ETF
$74.86M$57.66M$73.75M

RFEU

First Trust RiverFront Dynamic Europe ETF
$0.00$0.00$0.00

IEUR vs. RFEU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEUR
iShares Core MSCI Europe ETF		10.73%35.67%1.40%19.71%-15.90%16.71%5.31%24.95%-14.86%26.70%
RFEU
First Trust RiverFront Dynamic Europe ETF		1.50%30.78%-1.78%16.19%-24.17%22.83%6.25%23.21%-17.57%26.58%

Correlation

The correlation between IEUR and RFEU is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.51

Correlation (3Y)
Balances recent behavior with more history.

0.74

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.79

Correlation (10Y)
Provides a long-term view across more market conditions.

0.82

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2016

0.83

Over the past year, the correlation between IEUR and RFEU has dropped to 0.51 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

IEUR vs. RFEU - Sectors Allocation Comparison

Sectors
IEUR
RFEU

Financial Services

24.0%
18.9%

Industrials

19.2%
15.4%

Healthcare

12.7%
13.3%

Technology

9.1%
12.5%

Consumer Defensive

8.2%
9.3%

Consumer Cyclical

6.7%
10.6%

Basic Materials

5.6%
1.2%

Energy

4.9%
8.7%

Utilities

4.3%
6.4%

Communication Services

3.3%
3.8%

Real Estate

1.5%

-

Financial Services

IEUR
24.0%
RFEU
18.9%

Industrials

IEUR
19.2%
RFEU
15.4%

Healthcare

IEUR
12.7%
RFEU
13.3%

Technology

IEUR
9.1%
RFEU
12.5%

Consumer Defensive

IEUR
8.2%
RFEU
9.3%

Consumer Cyclical

IEUR
6.7%
RFEU
10.6%

Basic Materials

IEUR
5.6%
RFEU
1.2%

Energy

IEUR
4.9%
RFEU
8.7%

Utilities

IEUR
4.3%
RFEU
6.4%

Communication Services

IEUR
3.3%
RFEU
3.8%

Real Estate

IEUR
1.5%
RFEU

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Europe ETF

First Trust RiverFront Dynamic Europe ETF

Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. FEZIEUR vs. IMEU.LIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA
Often compared with RFEU:
RFEU vs. FDDRFEU vs. SPMORFEU vs. ONEQRFEU vs. HEDJRFEU vs. VTAPXRFEU vs. VEUR.LRFEU vs. IEV

Return for Risk

IEUR vs. RFEU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IEUR
IEUR Risk / Return Rank: 6262
Overall Rank
IEUR Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 6666
Sortino Ratio Rank
IEUR Omega Ratio Rank: 6161
Omega Ratio Rank
IEUR Calmar Ratio Rank: 5555
Calmar Ratio Rank
IEUR Martin Ratio Rank: 6262
Martin Ratio Rank
RFEU
RFEU Risk / Return Rank: 9292
Overall Rank
RFEU Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
RFEU Sortino Ratio Rank: 9393
Sortino Ratio Rank
RFEU Omega Ratio Rank: 9696
Omega Ratio Rank
RFEU Calmar Ratio Rank: 8585
Calmar Ratio Rank
RFEU Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IEUR vs. RFEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and First Trust RiverFront Dynamic Europe ETF (RFEU). 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.

IEURRFEUDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.42

-0.89

Sortino ratioReturn per unit of downside risk
2.22
3.68

-1.47

Omega ratioGain probability vs. loss probability

1.27

1.67

-0.40

Calmar ratioReturn relative to maximum drawdown

2.00

3.51

-1.51

Martin ratioReturn relative to average drawdown

7.69

17.19

-9.50

IEUR vs. RFEU - Sharpe Ratio Comparison

The current IEUR Sharpe Ratio is 1.53, which is lower than the RFEU Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IEUR and RFEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IEUR vs. RFEU - Drawdown Comparison

The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum RFEU drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for IEUR and RFEU.

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Drawdown Indicators

IEURRFEUDifference

Max Drawdown

Largest peak-to-trough decline

-36.96%

-39.74%

+2.78%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-4.83%

-7.21%

Max Drawdown (3Y)

Largest decline over 3 years

-14.25%

-13.48%

-0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-32.75%

-35.92%

+3.17%

Max Drawdown (10Y)

Largest decline over 10 years

-36.96%

-39.74%

+2.78%

Current Drawdown

Current decline from peak

-0.08%

-0.11%

+0.03%

Average Drawdown

Average peak-to-trough decline

-8.13%

-9.47%

+1.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

1.30%

+1.82%

Volatility

IEUR vs. RFEU - Volatility Comparison

iShares Core MSCI Europe ETF (IEUR) has a higher volatility of 4.09% compared to First Trust RiverFront Dynamic Europe ETF (RFEU) at 0.00%. This indicates that IEUR's price experiences larger fluctuations and is considered to be riskier than RFEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEURRFEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

0.00%

+4.09%

Volatility (6M)

Calculated over the trailing 6-month period

13.68%

1.26%

+12.42%

Volatility (1Y)

Calculated over the trailing 1-year period

15.78%

7.02%

+8.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

16.67%

+1.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

17.43%

+0.80%

IEUR vs. RFEU - Expense Ratio Comparison

IEUR has a 0.09% expense ratio, which is lower than RFEU's 0.83% expense ratio.

Dividends

IEUR vs. RFEU - Dividend Comparison

IEUR's dividend yield for the trailing twelve months is around 3.11%, more than RFEU's 1.37% yield.

PositionTTM20252024202320222021202020192018201720162015
IEUR
iShares Core MSCI Europe ETF		3.11%2.97%3.54%3.17%3.05%2.88%2.13%3.26%3.76%2.64%3.19%2.79%
RFEU
First Trust RiverFront Dynamic Europe ETF		1.37%2.87%5.45%3.37%4.98%1.82%2.32%3.08%2.84%1.35%3.16%0.00%

Frequently Asked Questions

IEUR and RFEU have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEUR has higher volatility (4.09%) compared to RFEU (0.00%). In terms of maximum drawdown, IEUR dropped -36.96% vs RFEU's -39.74%.

On 10-year performance, IEUR leads with 9.93% vs 7.22% for RFEU. On fees, IEUR is cheaper at 0.09% per year. On volatility, RFEU has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IEUR has performed better with a 9.93% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEUR is cheaper with a 0.09% expense ratio, compared with 0.83% for RFEU.

IEUR has the higher dividend yield at 3.11%, compared with 1.37% for RFEU.

They also come from different issuers: iShares and First Trust. Their fees differ too: 0.09% for IEUR and 0.83% for RFEU.

RFEU currently has the higher Sharpe Ratio (2.42 vs 1.53), 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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