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EFNL vs FLCA

iShares MSCI Finland ETF

EFNLCCboe

Franklin FTSE Canada ETF

FLCAANYSE Arca

Overlap

Expense ratio

FLCA −0.44pt a year

EFNL0.53%FLCA0.09%

Avg volume · 30D

FLCA 1.1×the volume

EFNL43.7KFLCA49K

5Y return · a year

FLCA +6.8pt

EFNL+4.9%FLCA+11.7%

EFNL vs FLCA Performance

Oct 29, 2021 – Oct 30, 2026

+27.1%EFNL+73.7%FLCA

Oct 29, 2021 to Oct 30, 2026. EFNL +27.1%. FLCA +73.7%. Use the arrow keys to read each point.−20%0%40%60%Oct 2021Apr 2024Oct 2026
Expense ratio
EFNL 0.53%
FLCA 0.09%, better
Fund size
EFNL $384M
FLCA $857M
1Y total return
EFNL +10.8%
FLCA +21.5%, better
Yield (12M)
EFNL 1.08%
FLCA 1.70%, better
Holdings
EFNL 37
FLCA 92
Avg volume (30D)
EFNL 43.7K sh
FLCA 49K sh, better
NAV per share
EFNL $49.83
FLCA $54.21
52W range

ETF.net Grade

EFNL: Cost 30, Risk 42, Mission 78, Tradability 42, Holdings 34, Durability 69. FLCA: Cost 93, Risk 87, Mission 65, Tradability 69, Holdings 81, Durability 53.
Pillar letters and Scores for EFNL, FLCA, with each pillar’s weight
PillarEFNLFLCA
Cost30% weightD30A93Higher
Mission25% weightA78HigherB65
Risk15% weightC42A87Higher
Tradability15% weightC42B69Higher
Holdings10% weightD34A81Higher
Durability5% weightB69HigherC53

Rank among Developed Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EFNL and FLCA are both graded against the same 38 Developed Single Country funds, so their Grades compare head to head.

Developed Single Country⁠

Category · 38 funds
See all 38 ›

FLCA ranks 1st and EFNL 22nd of 38 funds in the Developed Single Country Category.

  1. Rank 1AEWCiShares MSCI Canada ETFScore 78
  2. Rank 1AFLCAFranklin FTSE Canada ETFScore 78
  3. Rank 3AFLGBFranklin FTSE United Kingdom ETFScore 76
  4. Rank 21CEWKiShares MSCI Belgium ETFScore 50
  5. Rank 22CEFNLiShares MSCI Finland ETFScore 47
  6. Rank 22CENZLiShares MSCI New Zealand ETFScore 47

Our read on each fund

ETF.net Research

EFNLCiShares MSCI Finland ETF

FLCAAFranklin FTSE Canada ETF

In short

EFNL One ticker for the whole Finnish market: roughly 30 names through a capped MSCI index, run by iShares since 2012. A corner of Europe that barely registers inside broad developed-market funds.

FLCA Canada in one ticker, at index-fund pricing. FLCA tracks the FTSE Canada Capped Index, about 50 large- and mid-cap Canadian names, for 0.09% a year.

Stated mandate

EFNL The Fund seeks to follow a broad-based index of Finnish equities, providing exposure across the Finnish equity market.

FLCA The fund seeks to track the FTSE Canada Capped Index, which measures the performance of Canadian large- and mid-capitalization stocks.

Why people hold it

  • EFNL Pure Finland exposure in a single US-listed ticker, a market that broad Europe funds hold only in slivers. iShares has run it since 2012.ishares.com
  • Tracks the IMI version of MSCI's Finland index, reaching past the largest Helsinki names into mid and small caps, with 25/50 capping limiting how heavy any one stock gets.ishares.com
  • Sticks tightly to its stated Finnish-equity mandate and sits in the upper half of its developed single-country peer group.
  • FLCA 0.09% a year against a 0.45% median for index-tracking ETFs. On plain-vanilla country exposure, the fee gap is most of the story.
  • The mandate is refreshingly plain: the FTSE Canada Capped Index, Canadian large and mid caps, no factor tilts, no derivatives overlay.
  • Live since 2017 and one of the stronger implementations in a crowded field of index trackers.

Worth knowing

  • EFNL The 0.53% fee sits a touch above the typical developed single-country ETF and well above cohort bargains like FLKR and FLAU at 0.09%.
  • About 30 stocks in one small economy: individual names and sector swings land harder here than in a broad Europe fund, capping rules included.
  • Mid-sized and moderately traded rather than a liquidity giant. The holdings price in euros, so the currency move rides along with the stocks.
  • FLCA About 50 stocks in one country. That is a targeted slice of the world, not a diversified core.
  • Mid-sized and moderately traded, so limit orders are the sane way in and out.
  • Distributions arrive once or twice a year rather than quarterly, which matters if you spend the income.

Full EFNL profile⁠

Full FLCA profile⁠

EFNL vs FLCA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFNL vs FLCA Cost

Overpaying EFNL vs FLCA

$8,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EFNL 0.53%

    $10,536

  • FLCA 0.09%

    $1,898

$10,000
30 years

Cost over time

  • EFNL 0.53%
  • FLCA 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EFNL $10,536FLCA $1,898

Year by year

YearEFNLFLCAOverpaying
10$953$165$788
20$3,658$646$3,012
30$10,536$1,898$8,638

Expense ratio

  • 0.53%EFNL
  • 0.09%FLCA, cheaper
  • Middle half of Developed Single Country funds
  • Median 0.50%

FLCA cheapest of 38 funds

EFNL 26th cheapest of 38 funds

EFNL vs FLCA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EFNL 1.08%
FLCA 1.70%, better
Payout (12M)
EFNL $0.54
FLCA $0.92
Last payment
EFNL $0.29
FLCA $0.39
Ex-dividend
EFNL Jun 15, 2026
FLCA Jun 26, 2026
Paid on
EFNL Jun 18, 2026
FLCA Jul 6, 2026
Frequency
EFNL Twice a year
FLCA Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EFNLTwice a year · 19 paymentsAll EFNL payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $1.15; Dec 19, 2017 $0.16; Jun 19, 2018 $1.35; Dec 18, 2018 $0.008; Jun 17, 2019 $1.52; Dec 16, 2019 $0.66; Jun 15, 2020 $0.73; Dec 14, 2020 $0.57; Jun 10, 2021 $0.80; Dec 13, 2021 $0.29; Jun 9, 2022 $2.05; Dec 13, 2022 $0.18; Jun 7, 2023 $0.77; Dec 20, 2023 $0.77; Jun 11, 2024 $1.22; Dec 17, 2024 $0.41; Jun 16, 2025 $1.37; Dec 16, 2025 $0.26; Jun 15, 2026 $0.29. Use the arrow keys to read each point.$0$22017202020232026YTD
FLCATwice a year · 19 paymentsAll FLCA payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.02; Jun 20, 2018 $0.18; Dec 20, 2018 $0.46; Jun 11, 2019 $0.23; Dec 11, 2019 $0.37; Jun 11, 2020 $0.26; Dec 14, 2020 $0.42; Jun 10, 2021 $0.24; Dec 13, 2021 $0.44; Dec 30, 2021 $0.02; Jun 17, 2022 $0.05; Dec 16, 2022 $0.60; Jun 16, 2023 $0.30; Dec 15, 2023 $0.52; Jun 21, 2024 $0.36; Dec 20, 2024 $0.55; Jun 20, 2025 $0.37; Dec 19, 2025 $0.53; Jun 26, 2026 $0.39. Use the arrow keys to read each point.$0$22017202020232026YTD

EFNL vs FLCA Risk

Fall from peak · 5 years

  • EFNL
  • FLCA
Oct 29, 2021 to Oct 30, 2026. Worst fall: EFNL −34.0% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EFNL 15.8%FLCA 13.1%, better
Return per unit of riskSharpe ratio, 3 years
EFNL 1.00FLCA 1.54, better
Worst fallMax drawdown, 5 years
EFNL −34.0%FLCA −24.2%, better
Market sensitivityBeta, 5 years
EFNL 0.88FLCA 0.81

EFNL and FLCA in the news

All news⁠

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