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EFNL vs SPY

Comparison between ISHARES MSCI FINLAND ETF (EFNL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed EFNL, delivering a return of +13.3% compared to +5.7%

EFNL vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
EFNL
$41M
Winner
SPY
$735B
Expense Ratio
EFNL
0.53%
Winner
SPY
0.09%
Max Drawdown
Winner
EFNL
43.43%
SPY
56.47%
Sharpe Ratio
Winner
EFNL
1.75
SPY
1.62
5Y Beta
Winner
EFNL
0.62
SPY
1.00
P/E Ratio
EFNL
N/A
SPY
28.99
Forward P/E
EFNL
N/A
SPY
22.37
5Y Dividends CAGR
EFNL
0.82%
Winner
SPY
5.43%
5Y EPS CAGR
EFNL
N/A
SPY
26.05%
Debt to Equity
EFNL
N/A
SPY
32.40%
P/S Ratio
EFNL
N/A
SPY
3.74
P/B Ratio
EFNL
N/A
SPY
5.61

EFNL vs SPY - Holdings Comparison

EFNL and SPY have 1 common holdings. Overlap is -0.02%

EFNL's top 25 holdings weight is 94.91%. SPY's top 25 holdings weight is 52.37%.

RankEFNLSPY
#1
NOKIA OYJ (n/a) - 20.96%
NVIDIA CORP (NVDA) - 8.10%
#2
NORDEA BANK ABP (NDA SE:XHEL) - 17.10%
APPLE INC (AAPL) - 7.02%
#3
SAMPO OYJ CLASS A (n/a) - 7.00%
MICROSOFT CORP (MSFT) - 4.79%
#4
KONE OYJ CLASS B (n/a) - 5.07%
AMAZON.COM INC (AMZN) - 4.02%
#5
NESTE OYJ (n/a) - 5.07%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
WARTSILA CORP (n/a) - 4.10%
BROADCOM INC (AVGO) - 3.10%
#7
UPM-KYMMENE OYJ (n/a) - 3.91%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
METSO CORP (n/a) - 3.88%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
FORTUM OYJ (n/a) - 3.82%
TESLA INC (TSLA) - 1.89%
#10
ORION OYJ CLASS B (n/a) - 3.14%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
ELISA OYJ CLASS A (n/a) - 2.50%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
KESKO OYJ CLASS B (n/a) - 2.44%
ELI LILLY AND CO (LLY) - 1.31%
#13
STORA ENSO OYJ CLASS R (n/a) - 2.36%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
KONECRANES OYJ (n/a) - 2.27%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
VALMET OYJ (n/a) - 1.51%
EXXON MOBIL CORP (XOM) - 0.97%
#16
HUHTAMäKI OYJ (n/a) - 1.23%
INTEL CORP (INTC) - 0.90%
#17
OUTOKUMPU OYJ CLASS A (n/a) - 1.16%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
MANDATUM PLC (n/a) - 1.15%
VISA INC CLASS A (V) - 0.85%
#19
TIETO OYJ (n/a) - 1.12%
WALMART INC (WMT) - 0.81%
#20
HIAB CORP CLASS B (n/a) - 1.06%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
KEMIRA OYJ (n/a) - 1.05%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
KALMAR CORP CLASS B SHARES (n/a) - 0.83%
CATERPILLAR INC (CAT) - 0.66%
#23
NOKIAN TYRES PLC (n/a) - 0.81%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
PUUILO PLC (n/a) - 0.70%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
BITTIUM CORP (n/a) - 0.67%
ABBVIE INC (ABBV) - 0.58%
Total Holdings39505

EFNL vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
EFNL
+0.33%
Winner
SPY
+1.90%
3M
Winner
EFNL
+11.58%
SPY
+8.55%
6M
Winner
EFNL
+20.03%
SPY
+8.18%
1Y
Winner
EFNL
+39.71%
SPY
+25.79%
5Y(CAGR)
EFNL
+5.68%
Winner
SPY
+13.32%
10Y(CAGR)
EFNL
+9.49%
Winner
SPY
+15.19%
Max(CAGR)
Winner
EFNL
+9.11%
SPY
+8.47%

EFNL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearEFNLSPY
2026+13.84%+8.26%
2025+52.85%+18.00%
2024-4.66%+25.59%
2023+0.02%+26.72%
2022-17.60%-18.64%
2021+9.13%+30.52%
2020+19.43%+17.28%
2019+14.09%+31.09%
2018-7.71%-5.24%
2017+23.26%+20.78%
2016+3.96%+13.59%
2015+2.40%+1.31%
2014-2.76%+14.56%
2013+35.12%+29.00%
2012+3.81%+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

EFNL vs SPY Drawdown Comparison

The maximum drawdown for EFNL was -38.61%, occurring on Sep 27, 2022. Recovery took 1038 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current EFNL drawdown is -5.24%. The current SPY drawdown is -2.90%.

RankEFNLSPY
#1-38.61%
Sep 3, 2021 - Oct 23, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-38.04%
May 21, 2018 - Aug 5, 2020		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-29.03%
Feb 24, 2012 - Jan 10, 2013		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-19.14%
Jun 6, 2014 - Mar 16, 2017		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-11.92%
Feb 15, 2013 - Aug 9, 2013		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-10.02%
Oct 12, 2020 - Nov 17, 2020		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-9.27%
Jan 16, 2014 - Feb 21, 2014		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-7.93%
Jan 27, 2021 - Apr 16, 2021		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-7.92%
Feb 25, 2026 - Apr 8, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-7.23%
Oct 24, 2017 - Jan 16, 2018		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-6.95%
Feb 1, 2018 - Feb 26, 2018		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.61%
Oct 28, 2025 - Dec 10, 2025		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.31%
Mar 6, 2014 - Apr 9, 2014		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-5.24%
Jun 4, 2026 - Jun 5, 2026		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-5.07%
Sep 18, 2020 - Oct 9, 2020		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EFNL and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90
-101

Dividend Comparison (1999 - 2026)

EFNL vs SPY dividend yield comparison.

YearEFNLSPY
20260.00%0.24%
20253.40%1.07%
20245.05%1.21%
20234.31%1.40%
20225.94%1.65%
20212.29%1.20%
20202.94%1.52%
20195.70%1.75%
20183.83%2.04%
20173.30%1.80%
20162.40%2.03%
20151.57%2.06%
20143.54%1.87%
20132.47%1.81%
20124.13%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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