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How the Largest ETFs in Finland Performed in 2025

iShares Core MSCI EM IMI UCITS ETF led stock ETF returns in 2025 while iShares MSCI USA CTB Enhanced ESG 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 4.07% during December, while the Morningstar Eurozone Core Bond Index gained 0.77%. Over the past year, the European stock market is up 20.16%, while the European bond market has risen 1.14%. All returns are reported in EUR.

The Morningstar US Market Index rose 0.09% during December and is up 3.46% over the past year. The Morningstar US Core Bond Index fell 0.16% last month and is down 5.56% over the past year.

In the global markets, stocks gained 1.19% during December, as measured by the Morningstar Global Markets Index. Bonds rose 0.24%, as measured by the Morningstar Global Core Bond Index. Over the past year, global stocks are up 8.12% and global bonds are down 4.94%.

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 year was the €29.4 billion iShares Core MSCI EM IMI UCITS ETF EIMI, which gained 16.01%. The bottom performer was the €22.7 billion iShares MSCI USA CTB Enhanced ESG UCITS ETF EEDS, which gained 1.55%.

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

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

The €118.5 billion iShares VII PLC - iShares Core S&P 500 UCITS ETF fell 1.15% in December. Over the past 12 months, the iShares fund rose 3.67%. The fund, which launched in May 2010, has climbed 18.82% over the past three years annualized and gained 15.05% annualized over the past five years.

iShares Core MSCI World UCITS ETF IWDA

The €112.7 billion iShares Core MSCI World UCITS ETF fell 0.38% in December. Over the past 12 months, the iShares fund rose 6.83%. The fund, which launched in September 2009, has climbed 17.41% over the past three years annualized and gained 13.15% annualized over the past five years.

Vanguard S&P 500 UCITS ETF VUSD

The €68.7 billion Vanguard S&P 500 UCITS ETF fell 1.15% in December. Over the past 12 months, the Vanguard fund rose 3.66%. The fund, which launched in May 2012, has climbed 18.81% over the past three years annualized and gained 15.05% annualized over the past five years.

Vanguard FTSE All-World UCITS ETF VWRD

The €46 billion Vanguard FTSE All-World UCITS ETF fell 0.13% in December. Over the past 12 months, the Vanguard fund rose 8.06%. The fund, which launched in May 2012, has climbed 16.78% over the past three years annualized and gained 12.10% annualized over the past five years.

Invesco S&P 500 UCITS ETF SPXS

The €43.5 billion Invesco S&P 500 UCITS ETF fell 1.13% in December. Over the past 12 months, the Invesco fund rose 3.82%. The fund, which launched in May 2010, has climbed 19.03% over the past three years annualized and gained 15.27% annualized 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 year was the €8.2 billion iShares € High Yield Corp Bond UCITS ETF IHYG, which gained 4.82%. The bottom performer was the €21.2 billion iShares $ Treasury Bond 0-1yr UCITS ETF IB01, which lost 8.03%.

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

iShares $ Treasury Bond 0-1yr UCITS ETF IB01

The €21.2 billion iShares $ Treasury Bond 0-1yr UCITS ETF fell 0.81% in December. Over the past 12 months, the iShares fund fell 8.03%. The fund, which launched in February 2019, has climbed 1.56% over the past three years annualized and gained 3.93% annualized over the past five years.

iShares Core € Corp Bond UCITS ETF IEAC

The €14.2 billion iShares Core € Corp Bond UCITS ETF fell 0.19% in December. Over the past 12 months, the iShares fund rose 3.04%. The fund, which launched in March 2009, has climbed 5.21% over the past three years annualized and lost 0.17% annualized over the past five years.

iShares Core Global Aggregate Bond UCITS ETF AGGG

The €11.3 billion iShares Core Global Aggregate Bond UCITS ETF fell 0.90% in December. Over the past 12 months, the iShares fund fell 4.66%. The fund, which launched in November 2017, has climbed 0.65% over the past three years annualized and lost 1.42% annualized over the past five years.

iShares $ Treasury Bond 1-3yr UCITS ETF IBTS

The €10.1 billion iShares $ Treasury Bond 1-3yr UCITS ETF fell 0.85% in December. Over the past 12 months, the iShares fund fell 7.25%. The fund, which launched in June 2006, has climbed 1.24% over the past three years annualized and gained 2.59% annualized over the past five years.

iShares VII PLC - iShares VII PLC - iShares $ Treasury Bond 3-7yr UCITS ETF CSBGU7

The €8.3 billion iShares VII PLC - iShares VII PLC - iShares $ Treasury Bond 3-7yr UCITS ETF fell 1.32% in December. Over the past 12 months, the iShares fund fell 5.47%. The fund, which launched in June 2009, has climbed 1.24% over the past three years annualized and gained 1.00% annualized 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 year was the €2.9 billion JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity Active UCITS ETF JREE, which gained 19.45%. The bottom performer was the €3.2 billion PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF MINT, which lost 7.69%.

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

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

The €11 billion JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF fell 0.91% in December. The fund lagged its benchmark, the S&P 500 Index, by 1.05 percentage points. Over the past 12 months, the JPMorgan fund rose 2.72%. The fund, which launched in October 2018, has climbed 18.92% over the past three years annualized and gained 15.27% annualized over the past five years.

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

The €8.7 billion JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF fell 0.14% in December. The fund lagged its benchmark, the MSCI World Index, by 1.06 percentage points. Over the past 12 months, the JPMorgan fund rose 5.73%. The fund, which launched in October 2018, has climbed 17.34% over the past three years annualized and gained 13.63% annualized over the past five years.

PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF MINT

The €3.2 billion PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF fell 0.81% in December. Over the past 12 months, the PIMCO fund fell 7.69%. The fund, which launched in February 2011, has climbed 2.08% over the past three years annualized and gained 3.88% annualized over the past five years.

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

The €2.9 billion JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity Active UCITS ETF rose 2.67% in December. The fund performed roughly in line with its benchmark, the MSCI Europe Index. Over the past 12 months, the JPMorgan fund rose 19.45%. The fund, which launched in October 2018, has climbed 14.62% over the past three years annualized and gained 11.38% annualized over the past five years.

JPMorgan ETFs (Ireland) ICAV - JPM Nasdaq Equity Premium Income Active UCITS ETF JEQA

The €2.2 billion JPMorgan ETFs (Ireland) ICAV - JPM Nasdaq Equity Premium Income Active UCITS ETF fell 0.32% in December. The fund edged out its benchmark, the NASDAQ 100 Index, by 0.23 percentage points. Over the past 12 months, the JPMorgan fund rose 1.75%. The fund was launched in October 2024.

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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