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LBO vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LBO vs. EUFN

Last updated Jun 4, 2026

LBO (WHITEWOLF Publicly Listed Private Equity ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds. LBO is actively managed, while EUFN is passively managed. Over the past year, LBO returned -13.50% vs 23.06% for EUFN. A 0.51 correlation means they provide meaningful diversification when combined. LBO charges 0.70%/yr vs 0.48%/yr for EUFN.

Performance

LBO vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WHITEWOLF Publicly Listed Private Equity ETF (LBO) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LBO achieves a -14.28% return, which is significantly lower than EUFN's 1.54% return.

LBO

1D
-3.31%
1M
-6.31%
YTD
-14.28%
6M
-13.74%
1Y
-13.50%
3Y*
—
5Y*
—
10Y*
—

EUFN

1D
-2.03%
1M
2.59%
YTD
1.54%
6M
8.77%
1Y
23.06%
3Y*
30.91%
5Y*
17.47%
10Y*
11.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LBO vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023
LBO
WHITEWOLF Publicly Listed Private Equity ETF		-14.28%-6.41%30.93%7.27%
EUFN
iShares MSCI Europe Financials ETF		1.54%65.73%17.20%5.36%

Correlation

The correlation between LBO and EUFN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Dec 1, 2023

0.51

The correlation between LBO and EUFN has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.

LBO vs. EUFN - Sectors Allocation Comparison

Sectors
LBO
EUFN

Financial Services

96.0%
97.3%

Industrials

4.0%
0.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

1.1%

Utilities

-

-

Financial Services

LBO
96.0%
EUFN
97.3%

Industrials

LBO
4.0%
EUFN
0.4%

Basic Materials

LBO

-

EUFN

-

Communication Services

LBO

-

EUFN

-

Consumer Cyclical

LBO

-

EUFN
0.2%

Consumer Defensive

LBO

-

EUFN

-

Energy

LBO

-

EUFN

-

Healthcare

LBO

-

EUFN

-

Real Estate

LBO

-

EUFN

-

Technology

LBO

-

EUFN
1.1%

Utilities

LBO

-

EUFN

-

Compare stocks, funds, or ETFs

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WHITEWOLF Publicly Listed Private Equity ETF

iShares MSCI Europe Financials ETF

Often compared with LBO:
LBO vs. PBEULBO vs. RSBYLBO vs. HGERLBO vs. BOXXLBO vs. RAVILBO vs. IAKLBO vs. DBE
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

LBO vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LBO
LBO Risk / Return Rank: 44
Overall Rank
LBO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
LBO Sortino Ratio Rank: 44
Sortino Ratio Rank
LBO Omega Ratio Rank: 44
Omega Ratio Rank
LBO Calmar Ratio Rank: 55
Calmar Ratio Rank
LBO Martin Ratio Rank: 55
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 3232
Overall Rank
EUFN Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 3232
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3030
Omega Ratio Rank
EUFN Calmar Ratio Rank: 3232
Calmar Ratio Rank
EUFN Martin Ratio Rank: 3535
Martin Ratio Rank
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.

LBO vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WHITEWOLF Publicly Listed Private Equity ETF (LBO) 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.

LBOEUFNDifference
Sharpe ratioReturn per unit of total volatility
-0.63
1.17

-1.80

Sortino ratioReturn per unit of downside risk
-0.75
1.74

-2.49

Omega ratioGain probability vs. loss probability

0.91

1.21

-0.30

Calmar ratioReturn relative to maximum drawdown

-0.46

1.57

-2.03

Martin ratioReturn relative to average drawdown

-0.95

5.49

-6.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LBO vs. EUFN - Sharpe Ratio Comparison

The current LBO Sharpe Ratio is -0.63, which is lower than the EUFN Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of LBO and EUFN, 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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Sharpe Ratios by Period

LBOEUFNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.63

1.17

-1.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.81

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.27

-0.03

Drawdowns

LBO vs. EUFN - Drawdown Comparison

The maximum LBO drawdown since its inception was -31.40%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for LBO and EUFN.

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Drawdown Indicators

LBOEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-31.40%

-53.25%

+21.85%

Max Drawdown (1Y)

Largest decline over 1 year

-29.19%

-14.77%

-14.42%

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 Drawdown

Current decline from peak

-24.64%

-3.16%

-21.48%

Average Drawdown

Average peak-to-trough decline

-8.34%

-14.56%

+6.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.23%

4.21%

+10.02%

Volatility

LBO vs. EUFN - Volatility Comparison

The current volatility for WHITEWOLF Publicly Listed Private Equity ETF (LBO) is 5.68%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 7.00%. This indicates that LBO 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.

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Volatility by Period

LBOEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.68%

7.00%

-1.32%

Volatility (6M)

Calculated over the trailing 6-month period

18.11%

16.56%

+1.55%

Volatility (1Y)

Calculated over the trailing 1-year period

21.56%

19.75%

+1.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.20%

21.80%

-0.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.20%

24.55%

-3.35%

LBO vs. EUFN - Expense Ratio Comparison

LBO has a 0.70% expense ratio, which is higher than EUFN's 0.48% expense ratio.

Dividends

LBO vs. EUFN - Dividend Comparison

LBO's dividend yield for the trailing twelve months is around 7.95%, more than EUFN's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.52%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
LBO
WHITEWOLF Publicly Listed Private Equity ETF		7.95%7.04%5.79%1.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LBO and EUFN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (7.00%) compared to LBO (5.68%). In terms of maximum drawdown, LBO dropped -31.40% vs EUFN's -53.25%.

On 1-year performance, EUFN leads with 23.06% vs -13.50% for LBO. On fees, EUFN is cheaper at 0.48% per year. On volatility, LBO has been the lower-risk option at 5.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, EUFN has performed better with a 23.06% return vs -13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUFN is cheaper with a 0.48% expense ratio, compared with 0.70% for LBO.

LBO has the higher dividend yield at 7.95%, compared with 3.52% for EUFN.

They also come from different issuers: White Wolf and iShares. Their fees differ too: 0.70% for LBO and 0.48% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.17 vs -0.63), 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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