SPAX vs. EUFN
Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and iShares MSCI Europe Financials ETF (EUFN).
SPAX and EUFN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAX or EUFN.
Correlation
The correlation between SPAX and EUFN is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPAX vs. EUFN - Performance Comparison
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Key characteristics
Returns By Period
SPAX
N/A
N/A
N/A
N/A
N/A
N/A
EUFN
34.16%
9.53%
34.92%
36.58%
24.85%
6.79%
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SPAX vs. EUFN - Expense Ratio Comparison
SPAX has a 0.85% expense ratio, which is higher than EUFN's 0.48% expense ratio.
Risk-Adjusted Performance
SPAX vs. EUFN — Risk-Adjusted Performance Rank
SPAX
EUFN
SPAX vs. EUFN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) 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.
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Dividends
SPAX vs. EUFN - Dividend Comparison
SPAX has not paid dividends to shareholders, while EUFN's dividend yield for the trailing twelve months is around 3.99%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 4.15% | 5.50% | 5.37% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUFN iShares MSCI Europe Financials ETF | 3.99% | 5.36% | 5.00% | 4.23% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% | 3.35% |
Drawdowns
SPAX vs. EUFN - Drawdown Comparison
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Volatility
SPAX vs. EUFN - Volatility Comparison
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