EFNL vs SPY
iShares MSCI Finland ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EFNL or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. EFNL led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 74.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EFNL | SPY |
|---|---|---|
| Expense Ratio | 0.53% | 0.09%Best |
| AUM | $261M | $804.7B |
| Dividend Yield | 0.99% | 0.98% |
| Holdings | 39 | 505 |
| YTD Return | +14.80%Best | +13.82% |
| 1Y Return | +30.61%Best | +16.96% |
| 3Y Return (annualized) | +23.17%Best | +22.97% |
| 5Y Return (annualized) | +6.82% | +13.73%Best |
| Volatility (annualized) | 19.9% | 14.0%Best |
| Max Drawdown | -56.0% | -34.1%Best |
| $10,000 over 5 years | $13,908 | $19,027Best |
| Top 10 Weight | 74.2% | 37.8%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jan 25, 2012 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 26, 2012 to Sep 21, 2026 (14.7 years).
EFNL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.7 years both funds cover.
EFNL vs SPY Performance
iShares MSCI Finland ETF (EFNL) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EFNL returned +30.61% while SPY returned +16.96%. Year to date, EFNL is up 14.80% versus a gain of 13.82% for SPY.
Over three years, EFNL compounded at +23.17% per year against +22.97% for SPY; over five years the annualized figures are +6.82% and +13.73% respectively. Across the full 15-year window we track, SPY has the edge at +13.40% annualized vs +8.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFNL has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 14.0% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.0% for EFNL and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EFNL charges 0.53% per year while SPY charges 0.09%. On a $10,000 position that is $53 vs $9 annually, a gap of $44 per year that compounds over a long holding period. On income, EFNL currently yields 0.99% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 34 holdings in EFNL and 504 in SPY, totalling 99.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 34 positions we hold weights for in EFNL and 504 in SPY, against full books of 39 and 505.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for EFNL (99.3% of the fund), and 1 for EFNL that do not appear in SPY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EFNL and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EFNL or SPY?
EFNL has an expense ratio of 0.53% while SPY charges 0.09%. SPY is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, EFNL or SPY?
Over the past year EFNL returned +30.61% vs +16.96% for SPY, so EFNL leads on 1-year performance. Over the longest common window we track (15 years), EFNL annualized +8.96% vs +13.40% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EFNL or SPY?
EFNL has been the more volatile fund at 19.9% annualized versus 14.0% for SPY. Worst drawdown: EFNL -56.0% vs SPY -34.1%.
Should I hold both EFNL and SPY?
EFNL and SPY have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EFNL or SPY?
EFNL yields 0.99% while SPY yields 0.98%, so EFNL currently pays the higher dividend yield.
Is SPY better than EFNL?
SPY has a lower expense ratio. EFNL led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 74.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.