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How the Largest ETFs in Finland Perfomed

Xtrackers MSCI World UCITS ETF led stock ETF returns in August while iShares Core MSCI EM IMI UCITS ETF lagged.

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Illustration de collage du mot "ETF" avec une horloge et des formes en arrière-plan.

Each month, we check in on the performance of the largest Europe-domiciled stock, bond, and active exchange-traded funds available for sale in Finland.

The Morningstar Europe Index rose 0.89% during August, while the Morningstar Eurozone Core Bond Index lost 0.22%. Over the past year, the European stock market is up 8.35%, while the European bond market has risen 1.81%.

The Morningstar US Market Index fell 0.12% during August and is up 9.65% over the past year. The Morningstar US Core Bond Index fell 1.04% last month and is down 2.48% over the past year.

In the global markets, stocks gained 0.41% during August, as measured by the Morningstar Global Markets Index. Bonds fell 0.79%, as measured by the Morningstar Global Core Bond Index. Over the past year, global stocks are up 9.62% and global bonds are down 2.47%.

Performance of the Largest Stock ETFs

When evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.

Out of the 10 largest Europe-domiciled stock ETFs, the top performer last month was the €20.3 billion Xtrackers MSCI World UCITS ETF XDWD, which gained 0.33%. The bottom performer was the €24.5 billion iShares Core MSCI EM IMI UCITS ETF EIMI, which lost 0.63%.

Here’s more about the performance of the largest stock ETFs.

iShares VII PLC - iShares Core S&P 500 UCITS ETF CSSPX

The €111.7 billion iShares VII PLC - iShares Core S&P 500 UCITS ETF fell 0.26% in August. The loss on the fund edged out the 0.36% loss on the average fund in the US large-cap blend equity category, leaving it in the 43rd percentile for performance. Over the past year, the iShares fund rose 9.30%, while the average fund in its category rose 7.11%. The fund, which launched in May 2010, has climbed 13.32% over the past three years and gained 14.92% over the past five years.

iShares Core MSCI World UCITS ETF IWDA

In August, the iShares Core MSCI World UCITS ETF rose 0.33%, while the average global large-cap blend equity fund gained 0.02%. The fund placed in the 35th percentile for performance. The €102.9 billion fund has climbed 9.42% over the past year, outperforming the average fund in its category, which rose 6.18%. The iShares fund, which launched in September 2009, has climbed 12.71% over the past three years and gained 13.46% over the past five years.

Vanguard S&P 500 UCITS ETF VUSD

The €64.3 billion Vanguard S&P 500 UCITS ETF fell 0.26% in August. The loss on the fund edged out the 0.36% loss on the average fund in the US large-cap blend equity category, leaving it in the 43rd percentile for performance. Over the past year, the Vanguard fund rose 9.30%, while the average fund in its category rose 7.11%. The fund, which launched in May 2012, has climbed 13.32% over the past three years and gained 14.92% over the past five years.

Vanguard FTSE All-World UCITS ETF VWRD

In August, the Vanguard FTSE All-World UCITS ETF rose 0.26%, while the average global large-cap blend equity fund gained 0.02%. The fund placed in the 41st percentile for performance. The €39.8 billion fund has climbed 9.63% over the past year, outperforming the average fund in its category, which rose 6.18%. The Vanguard fund, which launched in May 2012, has climbed 11.84% over the past three years and gained 12.48% over the past five years.

Invesco S&P 500 UCITS ETF SPXS

In August, the Invesco S&P 500 UCITS ETF fell 0.24%, while the average US large-cap blend equity fund lost 0.36%. The fund placed in the 40th percentile for performance. The €39.1 billion fund has climbed 9.48% over the past year, outperforming the average fund in its category, which rose 7.11%. The Invesco fund, which launched in May 2010, has climbed 13.54% over the past three years and gained 15.15% over the past five years.

Performance of the Largest Bond ETFs

When evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.

Out of the 10 largest Europe-domiciled bond ETFs, the top performer last month was the €7.8 billion iShares € High Yield Corp Bond UCITS ETF IHYG, which gained 0.14%. The bottom performer was the €21 billion iShares $ Treasury Bond 0-1yr UCITS ETF IB01, which lost 1.80%.

Here’s more about the performance of the largest bond ETFs.

iShares $ Treasury Bond 0-1yr UCITS ETF IB01

The €21 billion iShares $ Treasury Bond 0-1yr UCITS ETF fell 1.80% in August. The loss on the fund was roughly in line with the 1.78% loss on the average fund in the USD ultra short-term bond category, leaving it in the 58th percentile for performance. Over the past year, the iShares fund fell 1.15%, while the average fund in its category fell 1.08%. The fund, which launched in February 2019, has dropped 0.48% over the past three years and gained 3.25% over the past five years.

iShares Core € Corp Bond UCITS ETF IEAC

In August, the iShares Core € Corp Bond UCITS ETF was roughly flat, while the average EUR corporate bond fund gained 0.03%. The fund placed in the 56th percentile for performance. The €14.2 billion fund has climbed 4.49% over the past year, outperforming the average fund in its category, which rose 4.20%. The iShares fund, which launched in March 2009, has climbed 4.15% over the past three years and gained 0.14% over the past five years.

iShares $ Treasury Bond 1-3yr UCITS ETF IBTS

The iShares $ Treasury Bond 1-3yr UCITS ETF lost 1.37% in August, falling less than the average fund in the USD government bond - short term category, which fell 1.45%. The €10.9 billion fund has lost 1.24% over the past year, while the average fund in its category is down 1.36%. The iShares fund, which launched in June 2006, has dropped 1.28% over the past three years and gained 1.91% over the past five years.

iShares Core Global Aggregate Bond UCITS ETF AGGG

The iShares Core Global Aggregate Bond UCITS ETF lost 0.82% in August, falling further than the average fund in the global diversified bond category, which fell 0.62%. The €10.3 billion fund has lost 2.24% over the past year, while the average fund in its category is down 1.73%. The iShares fund, which launched in November 2017, has dropped 1.80% over the past three years and lost 1.37% over the past five years.

iShares € High Yield Corp Bond UCITS ETF IHYG

In August, the iShares € High Yield Corp Bond UCITS ETF rose 0.14%, while the average EUR high yield bond fund gained 0.15%. The fund placed in the 58th percentile for performance. The €7.8 billion fund has climbed 6.34% over the past year, outperforming the average fund in its category, which rose 5.92%. The iShares fund, which launched in September 2010, has climbed 7.46% over the past three years and gained 3.61% over the past five years.

Performance of the Largest Active ETFs

While passive ETFs have portfolios where holdings are designed to track the performance of an index, active ETFs are managed by portfolio managers who make the decisions about which investments to own. Like index-tracking ETFs, active ETFs trade on an exchange and are typically lower-cost than traditional actively managed mutual funds.

When evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.

Out of the 10 largest Europe-domiciled active ETFs, the top performer last month was the €2.8 billion JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity Active UCITS ETF JREE, which gained 0.74%. The bottom performer was the €2.3 billion PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF MINT, which lost 1.80%.

Here’s more about the performance of the largest active ETFs.

JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF JREU

In August, the JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF fell 0.39%, while the average US large-cap blend equity fund lost 0.36%. The fund placed in the 58th percentile for performance and fell further than its benchmark, the S&P 500 Index, by 0.12 percentage points.

The €11.1 billion fund has climbed 7.47% over the past year, outperforming the average fund in its category, which rose 7.11%. The JPMorgan fund, which launched in October 2018, has climbed 13.27% over the past three years and gained 15.06% over the past five years.

JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF JREG

The €8.8 billion JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF rose 0.14% in August. The gain on the fund beat the 0.02% gain on the average fund in the global large-cap blend equity category, leaving it in the 49th percentile for performance.The fund lagged its benchmark, the MSCI World Index, by 0.19 percentage points.

Over the past year, the JPMorgan fund rose 7.21%, while the average fund in its category rose 6.18%. The fund, which launched in October 2018, has climbed 12.69% over the past three years and gained 13.79% over the past five years.

JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity Active UCITS ETF JREE

In August, the JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity Active UCITS ETF rose 0.74%, while the average Europe large-cap blend equity fund gained 0.39%. The fund placed in the 42nd percentile for performance and lagged its benchmark, the MSCI Europe Index, by 0.41 percentage points.

The €2.8 billion fund has climbed 4.87% over the past year, outperforming the average fund in its category, which rose 4.42%. The JPMorgan fund, which launched in October 2018, has climbed 12.48% over the past three years and gained 11.21% over the past five years.

PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF MINT

The PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF lost 1.80% in August, performing roughly in line with the average fund in the USD ultra short-term bond category, which fell 1.78%. The fund placed in the 55th percentile for performance and performed roughly in line with its benchmark, the FTSE Treasury Bill 3 Month Index.

The €2.3 billion fund has lost 0.71% over the past year, while the average fund in its category is down 1.08%. The PIMCO fund, which launched in February 2011, has dropped 0.08% over the past three years and gained 3.23% over the past five years.

PIMCO ETFs PLC - Euro Short Maturity UCITS ETF PJS1

The €1.8 billion PIMCO ETFs PLC - Euro Short Maturity UCITS ETF rose 0.22% in August. The gain on the fund beat the 0.15% gain on the average fund in the EUR ultra short-term bond category, leaving it in the seventh percentile for performance.The fund beat its benchmark, the ICE BofA 3 Month German Treasury Bill Index, by 0.05 percentage points.

Over the past year, the PIMCO fund rose 3.27%, while the average fund in its category rose 3.06%. The fund, which launched in January 2011, has climbed 3.40% over the past three years and gained 1.47% over the past five years.

This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar's use of automation

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies.

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