Data as of Oct 28, 2026.
EUFN vs EWG: Differences, Returns & Fees
Over the year to Oct 28, 2026, EUFN returned +16.6% to EWG's +2.2%; 13% of their weight is in the same names.
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Net assets: $3.0bn on Oct 27, 2026 for iShares MSCI Europe Financials ETF, and $1.5bn on Oct 28, 2026 for iShares MSCI Germany ETF.
Pair scorecard
Both cost 0.49% a year; their one-year returns differ by 14.4 points; EUFN is 2.0 times larger.
Points (pts) are percentage points.
| Measure | EUFN | EWG |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.6% | +2.2% |
| Drawdown | ||
| Below its high | 11.7%, high on Sep 3, 2026 | 6.3%, high on Aug 28, 2026 |
| Benchmark | ||
| What it tracks | MSCI Europe Financials Index | MSCI Germany 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.49% |
| Net assets, as of Oct 26, 2026 | $3.0bn | $1.5bn |
| Holdings | ||
| Holdings in common | 13% | |
| Top ten holdings, share of the fund | 43.6% | 63.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 12, 2010 to Oct 23, 2026 · 871 weekly returns · each against ACWXEUFN returned more: +242.7% to +203.9%. EWG swung less: 22.0% to 25.5%. EWG fell less at its worst: −46.0% to −52.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EUFN | EWG | ACWX | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +242.7% | +203.9% | EUFN | Price change plus distributions, reinvested. | |
| Annualized | +7.6% | +6.9% | EUFN | Total return as a yearly rate. | |
| Price return | +84.5% | +107.1% | EWG | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 25.5% | 22.0% | EWG | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 17.9% | 15.6% | EWG | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −52.7% | −46.0% | EWG | Deepest fall from a high to the low after it. | |
| Upside capture | 147.1% | 120.1% | 100.0% | EUFN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 116.1% | 108.4% | 100.0% | EWG (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.30 | 1.18 | 1.00 | EWG lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.83 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.36 | 0.34 | EUFN (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.51 | 0.48 | EUFN (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.070 | 0.064 | 0.065 | EUFN (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.14 | 0.15 | EWG (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWX | ACWX | ACWX | The ETF each fund is measured against. | |
| Alpha | +0.7% a year | −0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.21 | −0.04 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.4% to +6.8% | −4.5% to +4.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.19 | 0.11 | EUFN | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.7% | 9.7% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 871 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EUFN and EWG hold 13% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
13% in common
Only in one fund ↓
Side by side
EUFN and EWG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EUFN and EWG are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EUFN follows MSCI Europe Financials Index and EWG follows MSCI Germany 25/50 Index.
- Holdings in common. 13% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EUFN returned +16.6% and EWG +2.2% with distributions reinvested, a gap of 14.4 points.
Data as of Oct 28, 2026.
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EUFN
EUFN tracks an index. Over the year to Oct 28, 2026 it returned +16.6% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.49% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 93 positions, with the top ten at 43.6%. It sat 11.7% below its high of Sep 3, 2026 on Oct 28, 2026.
EWG
EWG tracks an index. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 63.4%. It sat 6.3% below its high of Aug 28, 2026 on Oct 28, 2026.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EUFN against EWG, data as of Oct 28, 2026. https://etfiq.com/compare/any/eufn-vs-ewg
ETFIQ. (Oct 28, 2026). EUFN against EWG. Retrieved from https://etfiq.com/compare/any/eufn-vs-ewg
[EUFN against EWG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eufn-vs-ewg)
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