Which returned more over the last year, EUFN or FEZ?

In the year to Oct 28, 2026, with distributions reinvested, EUFN returned +16.6% and FEZ +6.0%.

Which is cheaper, EUFN or FEZ?

FEZ is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do EUFN and FEZ overlap with the S&P 500?

By their latest filed holdings, 0% of EUFN and 0% of FEZ by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EUFN vs FEZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EUFN returned +16.6% to FEZ's +6.0%; 24% 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 $4.1bn for State Street SPDR EURO STOXX 50 ETF.

EUFN on its own →FEZ on its own →

At a glance

+16.6%

EUFN total return, 1 year

+6.0%

FEZ total return, 1 year

0.49%

EUFN expense ratio

0.29%

FEZ expense ratio

Pair scorecard

FEZ costs 0.20 points a year less; their one-year returns differ by 10.6 points; FEZ is 1.4 times larger.

EUFN vs FEZ: Differences, Returns & Fees
Measure	EUFN	FEZ
Return
Measure	EUFN	FEZ
Total return, 1 year	+16.6%	+6.0%
Drawdown
Measure	EUFN	FEZ
Below its high	11.7%, high on Sep 3, 2026	9.0%, high on Aug 14, 2026
Benchmark
Measure	EUFN	FEZ
What it tracks	MSCI Europe Financials Index	EURO STOXX 50 Index
Cost and size
Measure	EUFN	FEZ
Expense ratio	0.49%	0.29%
Net assets, as of Oct 27, 2026	$3.0bn	$4.1bn
Holdings
Measure	EUFN	FEZ
Holdings in common	24%
Top ten holdings, share of the fund	43.6%	42.9%

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 ACWX

EUFN FEZ

Return

Total return edge EUFN +242.7% +202.0%

Annualized edge EUFN +7.6% +6.8%

Price return edge EUFN (slight) +84.5% +79.1%

Risk

Volatility edge FEZ 25.5% 22.4%

Max drawdown edge FEZ −52.7% −38.7%

Downside capture 116.1% 111.4%

Beta 1.30 1.22

Risk-adjusted

Sharpe edge EUFN (slight) 0.36 0.34

Sortino edge EUFN (slight) 0.51 0.48

Treynor 0.070 0.062

Calmar edge FEZ 0.14 0.18

Against the benchmark

Alpha +0.7% a year −0.3% a year

Alpha t-stat 0.21 −0.14

Information ratio 0.19 0.12

Tracking error 13.7% 9.4%

Reading

EUFN returned more: +242.7% to +202.0%. FEZ swung less: 22.4% to 25.5%. FEZ fell less at its worst: −38.7% to −52.7%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: EUFN vs FEZ: Differences, Returns & Fees
Measure	EUFN	FEZ	ACWX	Edge	How it is measured
Return
Total return	+242.7%	+202.0%		EUFN	Price change plus distributions, reinvested.
Annualized	+7.6%	+6.8%		EUFN	Total return as a yearly rate.
Price return	+84.5%	+79.1%		EUFN (slight)	Price change alone, distributions left out.
Risk
Volatility	25.5%	22.4%		FEZ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.9%	15.8%		FEZ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−52.7%	−38.7%		FEZ	Deepest fall from a high to the low after it.
Upside capture	147.1%	129.3%	100.0%	EUFN	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	116.1%	111.4%	100.0%	FEZ (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.30	1.22	1.00	FEZ lower	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.85	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	0.062	0.065	EUFN	Return above Treasury bills per unit of beta.
Calmar	0.14	0.18		FEZ	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	−0.3% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.21	−0.14		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−5.4% to +6.8%	−4.4% to +3.9%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.19	0.12		EUFN	Return against its benchmark per unit of tracking error.
Tracking error	13.7%	9.4%	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

24%

By the books each fund has filed, EUFN and FEZ hold 24% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

24% in common

Positions both hold · largest shared weight first EUFN FEZ

BANCO SANTANDER 5.38% 3.83%

ALLIANZ 5.54% 3.74%

BANCO BILBAO VIZCAYA ARGENTARIA 4.24% 2.87%

UNICREDIT 3.38% 2.54%

INTESA SANPAOLO 2.85% 2.12%

BNP PARIBAS SA 2.89% 2.04%

ING GROEP 2.81% 1.90%

AXA SA 2.23% 1.70%

DEUTSCHE BOERSE AG 1.90% 1.32%

DEUTSCHE BANK AG 1.66% 1.25%

ADYEN 0.85% 0.68%

Only in one fund ↓

Only in EUFN

HSBC HOLDINGS PLC 8.88%

UBS GROUP AG 4.38%

ZURICH INSURANCE GROUP AG 3.29%

LLOYDS BANKING GROUP PLC 2.38%

MUENCHENER RUECKVERSICHERUNGS-GESE 2.35%

BARCLAYS PLC 2.28%

INVESTOR CLASS B 2.22%

NATWEST GROUP PLC 2.02%

Only in FEZ

ASML HOLDING NV 10.09%

SAP SE 4.85%

SIEMENS AG REG 4.42%

TOTALENERGIES SE 4.28%

SCHNEIDER ELECTRIC SE 3.18%

IBERDROLA SA 3.08%

AIRBUS SE 2.57%

AIR LIQUIDE SA 2.52%

Check overlap with more funds →

Side by side

EUFN iShares MSCI Europe Financials ETF FEZ State Street SPDR EURO STOXX 50 ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks an index Tracks an index

Total return, 1 year +16.6% +6.0%

Its benchmark over the same days +14.3% (ACWX) +14.3% (ACWX)

Gap to its benchmark +2.3 pts vs ACWX −8.3 pts vs ACWX

Expense ratio 0.49% 0.29%

Already in the S&P 500 0.0% 0.0%

Holdings 93 52

Net assets, as of Oct 27, 2026 $3.0bn $4.1bn

EUFN and FEZ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-95F6600543

EUFN and FEZ 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 FEZ follows EURO STOXX 50 Index.
Holdings in common. 24% 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 FEZ +6.0% with distributions reinvested, a gap of 10.6 points.

Data as of Oct 28, 2026.

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About each fund

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.

FEZ

FEZ tracks an index. Over the year to Oct 28, 2026 it returned +6.0% with distributions reinvested, against +14.3% for its benchmark, the MSCI All Country World ex USA Index. The prospectus expense ratio is 0.29% 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 52 positions, with the top ten at 42.9%. It sat 9.0% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EUFN or FEZ?: In the year to Oct 28, 2026, with distributions reinvested, EUFN returned +16.6% and FEZ +6.0%.
Which is cheaper, EUFN or FEZ?: FEZ is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EUFN and FEZ overlap with the S&P 500?: By their latest filed holdings, 0% of EUFN and 0% of FEZ by weight is stocks the S&P 500 already holds.

Other comparisons

EUFN vs EZU EUFN vs EWD EUFN vs EWU EUFN vs EWL FEZ vs HDEF FEZ vs HEDJ FEZ vs VGK EWL vs FEZ

Where to next

EUFN on its own →FEZ on its own →Hold both: look the portfolio through →Rankings →EUFN dividend history →EUFN holdings →FEZ dividend history →FEZ holdings →Standards and sources →

Sources and dates

EUFN filings on SEC EDGAR ↗

EUFN prospectus with the expense ratio (SEC) ↗

iShares page for EUFN ↗

FEZ filings on SEC EDGAR ↗

FEZ prospectus with the expense ratio (SEC) ↗

State Street website ↗

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 FEZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/eufn-vs-fez

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.