SPEU vs. EFNL
Compare and contrast key facts about SPDR Portfolio Europe ETF (SPEU) and iShares MSCI Finland ETF (EFNL).
SPEU and EFNL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPEU is a passively managed fund by State Street that tracks the performance of the STOXX Europe Total Market. It was launched on Oct 15, 2002. 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 SPEU 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
SPEU vs. EFNL - Performance Comparison
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SPEU vs. EFNL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEU SPDR Portfolio Europe ETF | -1.25% | 35.80% | 1.93% | 19.85% | -15.97% | 16.20% | 6.35% | 26.15% | -13.79% | 23.80% |
EFNL iShares MSCI Finland ETF | 2.43% | 53.59% | -5.28% | -0.12% | -17.29% | 10.50% | 20.19% | 13.64% | -6.86% | 23.77% |
Returns By Period
In the year-to-date period, SPEU achieves a -1.25% return, which is significantly lower than EFNL's 2.43% return. Both investments have delivered pretty close results over the past 10 years, with SPEU having a 9.00% annualized return and EFNL not far behind at 8.61%.
SPEU
- 1D
- 3.20%
- 1M
- -8.30%
- YTD
- -1.25%
- 6M
- 4.53%
- 1Y
- 20.92%
- 3Y*
- 14.15%
- 5Y*
- 8.52%
- 10Y*
- 9.00%
EFNL
- 1D
- 2.62%
- 1M
- -4.20%
- YTD
- 2.43%
- 6M
- 15.06%
- 1Y
- 38.54%
- 3Y*
- 13.18%
- 5Y*
- 5.64%
- 10Y*
- 8.61%
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SPEU vs. EFNL - Expense Ratio Comparison
SPEU has a 0.09% expense ratio, which is lower than EFNL's 0.53% expense ratio.
Return for Risk
SPEU vs. EFNL — Risk / Return Rank
SPEU
EFNL
SPEU vs. EFNL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Europe ETF (SPEU) 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.
| SPEU | EFNL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 2.17 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.73 | 2.89 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.38 | -1.78 |
Martin ratioReturn relative to average drawdown | 6.13 | 14.94 | -8.81 |
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
| SPEU | EFNL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.17 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.29 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.43 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.41 | -0.11 |
Correlation
The correlation between SPEU and EFNL is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPEU vs. EFNL - Dividend Comparison
SPEU's dividend yield for the trailing twelve months is around 3.63%, more than EFNL's 3.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEU SPDR Portfolio Europe ETF | 3.63% | 3.47% | 3.29% | 2.91% | 3.08% | 2.67% | 2.29% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% |
EFNL iShares MSCI Finland ETF | 3.32% | 3.40% | 5.05% | 4.31% | 5.94% | 2.29% | 2.94% | 5.70% | 3.83% | 3.30% | 2.40% | 1.57% |
Drawdowns
SPEU vs. EFNL - Drawdown Comparison
The maximum SPEU drawdown since its inception was -62.45%, which is greater than EFNL's maximum drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for SPEU and EFNL.
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Drawdown Indicators
| SPEU | EFNL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.45% | -38.70% | -23.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -10.90% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -32.70% | -38.70% | +6.00% |
Max Drawdown (10Y)Largest decline over 10 years | -36.83% | -38.70% | +1.87% |
Current DrawdownCurrent decline from peak | -8.66% | -4.75% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -13.93% | -11.05% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.47% | +0.69% |
Volatility
SPEU vs. EFNL - Volatility Comparison
SPDR Portfolio Europe ETF (SPEU) has a higher volatility of 7.66% compared to iShares MSCI Finland ETF (EFNL) at 7.05%. This indicates that SPEU'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
| SPEU | EFNL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 7.05% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 12.26% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 17.86% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 19.40% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 19.99% | -1.56% |