XEML vs. EFNL
XEML (Xtrackers Europe Market Leaders ETF) and EFNL (iShares MSCI Finland ETF) are both Europe Equities funds - XEML tracks the STOXX Europe Total Market Leaders Index while EFNL tracks the MSCI Finland IMI 25/50 Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. XEML charges 0.35%/yr vs 0.53%/yr for EFNL.
Performance
XEML vs. EFNL - Performance Comparison
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Returns By Period
In the year-to-date period, XEML achieves a 4.05% return, which is significantly lower than EFNL's 11.95% return.
XEML
- 1D
- 0.95%
- 1M
- 1.17%
- YTD
- 4.05%
- 6M
- 3.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EFNL
- 1D
- 0.95%
- 1M
- -7.80%
- YTD
- 11.95%
- 6M
- 12.57%
- 1Y
- 34.50%
- 3Y*
- 19.75%
- 5Y*
- 5.38%
- 10Y*
- 10.24%
XEML vs. EFNL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XEML Xtrackers Europe Market Leaders ETF | 4.05% | -0.42% |
EFNL iShares MSCI Finland ETF | 11.95% | 1.28% |
Correlation
The correlation between XEML and EFNL is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.63 |
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Return for Risk
XEML vs. EFNL — Risk / Return Rank
XEML
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EFNL
XEML vs. EFNL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Europe Market Leaders ETF (XEML) 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.
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.
| XEML | EFNL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.90 | — |
| Martin ratioReturn relative to average drawdown | — | 12.83 | — |
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Drawdowns
XEML vs. EFNL - Drawdown Comparison
The maximum XEML drawdown since its inception was -13.49%, smaller than the maximum EFNL drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for XEML and EFNL.
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Drawdown Indicators
| XEML | EFNL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -38.70% | +25.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.70% | — |
Current DrawdownCurrent decline from peak | -4.46% | -8.01% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -10.91% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.70% | — |
Volatility
XEML vs. EFNL - Volatility Comparison
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Volatility by Period
| XEML | EFNL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 18.73% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 19.88% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 19.93% | -0.38% |
XEML vs. EFNL - Expense Ratio Comparison
XEML has a 0.35% expense ratio, which is lower than EFNL's 0.53% expense ratio.
Dividends
XEML vs. EFNL - Dividend Comparison
XEML's dividend yield for the trailing twelve months is around 1.79%, more than EFNL's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFNL iShares MSCI Finland ETF | 1.02% | 3.40% | 5.05% | 4.31% | 5.94% | 2.29% | 2.94% | 5.70% | 3.83% | 3.30% | 2.40% | 1.57% |
XEML Xtrackers Europe Market Leaders ETF | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEML and EFNL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEML is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEML is cheaper with a 0.35% expense ratio, compared with 0.53% for EFNL.
XEML has the higher dividend yield at 1.79%, compared with 1.02% for EFNL.
XEML tracks STOXX Europe Total Market Leaders Index, while EFNL tracks MSCI Finland IMI 25/50 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.35% for XEML and 0.53% for EFNL.
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