iShares MSCI Finland ETF (EFNL) is a Europe-focused ETF. As of October 9, 2026, ETF Copilot scores EFNL 3.9 out of 10 — highest on Growth (5.4), lowest on Value (2.1). It trades at 20.0 times earnings, against its own median of 17.5. Its ten largest holdings are 75% of the fund.
What stands out in EFNL's data
Finnish equities, covering the country's largest listed companies.
Priced higher than most European peers — you pay more for each dollar of earnings.
Its trailing EBITDA multiple of 13.3x is above both the 10.3x category median and its own 11.2x historical median, with 36 holdings.
A focused single-country position in Nordic equities, for portfolios seeking direct exposure to Finland.
Why did EFNL move this week? It fell 1.7% in the week to October 9, 2026 — Nokia OYJ and Elisa OYJ drove it
EFNL fell 1.7% in the week to October 9, 2026. The holdings that moved it most were Nokia OYJ (−1.4%), Elisa OYJ (−5.4%) and Upm-Kymmene OYJ (−1.8%); Kone OYJ (+3.7%) pushed the other way.
How is EFNL rated? ETF Copilot scores iShares MSCI Finland ETF (EFNL) 3.9 out of 10
As of October 9, 2026, ETF Copilot scores iShares MSCI Finland ETF (EFNL) 3.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.9 / 10
- Growth: 5.4 / 10
- Value: 2.1 / 10
- Risk: 3.6 / 10
- Quality: 3.2 / 10
- Return: 4.0 / 10
Is EFNL expensive right now? It trades at 20.0 times earnings, against its own median of 17.5
As of October 9, 2026, EFNL is more expensive than 75% of its own last 9 years.
Trailing 12 months, built from EFNL's holdings. How we calculate this →
What's inside EFNL? 20% Tech
What's inside EFNL: Size (Large 42%, Mid 45%, Small 13%); Geography (International 100%, US 0%); Tech 19.9%.
What are EFNL's top holdings? The ten largest are 75% of the fund
Nordea Bank, Nokia, Sampo, Neste, Kone, Upm-Kymmene, Wartsila, Fortum, Metso and Orion are EFNL's largest holdings, in that order.
More concentrated than 94% of Europe ETFs.
Half of EFNL's weight sits in its 5 largest positions, and once those weights are taken into account it behaves like 11 equally weighted holdings.
What is EFNL's expense ratio? 0.53% a year
As of October 9, 2026, EFNL charges 0.53% a year, yields 1.03% and holds $394M in assets across 36 positions.
| Measure | EFNL |
|---|---|
| Expense ratio | 0.53% |
| Dividend yield | 1.03% |
| Assets under management | $394M |
| Holdings | 36 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “iShares MSCI Finland ETF (EFNL) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/efnl
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