Data as of Oct 28, 2026.
EUFN vs EWP: Differences, Returns & Fees
Over the year to Oct 28, 2026, EUFN returned +16.6% to EWP's +15.6%; 12% of their weight is in the same names.
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Net assets on Oct 27, 2026: $3.0bn for iShares MSCI Europe Financials ETF and $2.0bn for iShares MSCI Spain ETF.
Pair scorecard
EUFN costs 0.01 points a year less; their one-year returns differ by 1.0 point; EUFN is 1.5 times larger.
| Measure | EUFN | EWP |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.6% | +15.6% |
| Drawdown | ||
| Below its high | 11.7%, high on Sep 3, 2026 | 10.2%, high on Aug 24, 2026 |
| Benchmark | ||
| What it tracks | MSCI Europe Financials Index | MSCI Spain 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.50% |
| Net assets, as of Oct 27, 2026 | $3.0bn | $2.0bn |
| Holdings | ||
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 43.6% | 73.9% |
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 +175.6%. EWP swung slightly less: 24.6% to 25.5%. EWP fell slightly less at its worst: −49.4% to −52.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EUFN | EWP | ACWX | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +242.7% | +175.6% | EUFN | Price change plus distributions, reinvested. | |
| Annualized | +7.6% | +6.2% | EUFN | Total return as a yearly rate. | |
| Price return | +84.5% | +43.2% | EUFN | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 25.5% | 24.6% | EWP (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 17.9% | 17.2% | EWP (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −52.7% | −49.4% | EWP (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 147.1% | 131.4% | 100.0% | EUFN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 116.1% | 112.9% | 100.0% | EWP (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.30 | 1.18 | 1.00 | EWP lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.67 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.36 | 0.31 | EUFN | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.51 | 0.44 | EUFN | 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 | 0.13 | EUFN | 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 | −0.03 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.4% to +6.8% | −6.9% to +6.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.19 | 0.07 | EUFN | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.7% | 14.5% | 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 EWP hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
12% in common
Only in one fund ↓
Side by side
EUFN and EWP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EUFN and EWP 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 EWP follows MSCI Spain 25/50 Index.
- Holdings in common. 12% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. EUFN holds 93 positions and EWP holds 25.
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.
EWP
EWP tracks an index. Over the year to Oct 28, 2026 it returned +15.6% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.50% 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 25 positions, with the top ten at 73.9%. It sat 10.2% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EUFN or EWP?
- In the year to Oct 28, 2026, with distributions reinvested, EUFN returned +16.6% and EWP +15.6%.
- Which is cheaper, EUFN or EWP?
- EUFN is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, EUFN against EWP, data as of Oct 28, 2026. https://etfiq.com/compare/any/eufn-vs-ewp
ETFIQ. (Oct 28, 2026). EUFN against EWP. Retrieved from https://etfiq.com/compare/any/eufn-vs-ewp
[EUFN against EWP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eufn-vs-ewp)
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