iShares MSCI Finland ETF (EFNL) Performance
EFNL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.9% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +4.2% a year
- 10 years
- +8.0% a year
- Since first price
- +8.1% a year since 2012
EFNL trailing returns vs SPY, QQQ, AGG
| Period | EFNL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.1% | −10.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.2% | −3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.9% | −6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +3.9% | +3.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +9.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +81.2%+21.9%/yr | +61.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +23.0%+4.2%/yr | +1.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +116.4%+8.0%/yr | +49.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJan 26, 2012 | +214.2%+8.1%/yr | +86.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EFNL vs SPY
From Jan 26, 2012: EFNL grew to $31,423, SPY to $74,357.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EFNL returns by calendar year
8 of 13 full years positive. Best 2025 (+53.6%), worst 2022 (−17.3%). 2026 is year to date.
EFNL annual returns table
| Year | EFNL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.9% | −14.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +53.6% | −15.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −5.3% | −15.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −0.1% | −21.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.3% | −33.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +10.5% | −13.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +20.2% | −36.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +13.6% | −11.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.9% | −20.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.8% | −7.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +3.4% | −11.0% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.5% | −14.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −5.5% | −16.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +37.9% | −11.9% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EFNL largest drawdowns
Now 14.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 3, 2021 | −38.7% | Sep 27, 2022 | Oct 23, 2025 | 1.1 years | 4.1 years |
| May 22, 2018 | −38.1% | Mar 23, 2020 | Aug 5, 2020 | 1.8 years | 2.2 years |
| Feb 24, 2012 | −29.1% | Jul 24, 2012 | Jan 11, 2013 | 5 months | 11 months |
| Jun 6, 2014 | −19.2% | Feb 11, 2016 | Mar 16, 2017 | 1.7 years | 2.8 years |
| Jun 4, 2026 | −14.9% | Oct 22, 2026 | not yet | 5 months | 5 months so far |
| Feb 15, 2013 | −11.9% | Apr 18, 2013 | Aug 9, 2013 | 2 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EFNL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +22.4% | +6.8% | +8.4% | +9.0% |
| Volatility (annualized) | 15.4% | 17.9% | 18.2% | 17.7% |
| Sharpe ratio | 1.11 | 0.26 | 0.41 | 0.49 |
| Sortino ratio | 2.07 | 0.38 | 0.62 | 0.73 |
| Best month | +11.9% | +13.2% | +13.7% | +13.7% |
| Worst month | −6.3% | −10.8% | −17.9% | −18.5% |
| Best 12 months | +53.6% | +53.6% | +59.9% | +59.9% |
| Worst 12 months | −5.3% | −29.4% | −29.4% | −29.4% |
| Positive months | 64% | 57% | 57% | 59% |
| Beta vs S&P 500 | 0.57 | 0.75 | 0.86 | — |
| Correlation with S&P 500 | 0.46 | 0.66 | 0.73 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EFNL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 166 | −29.4% | +7.3% | +59.9% | 67% |
| 3-year (a year) | 142 | −7.8% | +7.7% | +22.4% | 85% |
| 5-year (a year) | 118 | −1.2% | +5.6% | +16.8% | 98% |
| 10-year (a year) | 58 | +2.9% | +6.9% | +10.1% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
EFNL performance overview
iShares MSCI Finland ETF (EFNL) returned +10.7% over the past year and +8.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +8.1% a year, turning $10,000 into about $31,423. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.7%, from Sep 3, 2021 to Sep 27, 2022, and it took 3.1 years to get back to the old high. EFNL finished 8 of its 13 full calendar years with a gain; the best year was 2025 (+53.6%) and the worst 2022 (−17.3%). Volatility has been 17.7% a year.
Related: EFNL chart, EFNL holdings, EFNL dividends. See the EFNL overview for the latest quote and fund facts.
EFNL performance FAQ
What is the EFNL return over the past year?
EFNL returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.5%.
What is the average annual return of EFNL?
EFNL has returned +4.2% a year over 5 years, +8.0% a year over 10 years, +8.1% a year since January 26, 2012 (total return, distributions reinvested).
How much would $10,000 invested in EFNL be worth?
$10,000 invested in EFNL at its first recorded close on January 26, 2012 would be worth about $31,423 on October 23, 2026 with distributions reinvested.
What was the worst year for EFNL?
The worst calendar year was 2022, with a total return of −17.3%. The best was 2025 at +53.6%.
What is the biggest drawdown of EFNL?
The largest peak-to-trough decline was −38.7% between September 3, 2021 and September 27, 2022. It recovered to the old high on October 23, 2025, 3.1 years after the bottom.
How volatile is EFNL?
Over the past 3 years EFNL had an annualized volatility of 15.4% and a Sharpe ratio of 1.11 (excess return over 1–3 month T-bills per unit of risk).