The Eurozone’s sovereign debt crisis is still fresh on investors’ minds , but 2013 has been kind to Europe exchange traded funds.

That applies to single-country and diversified ETFs and the outlook for 2014 is rosy, too. Although risks remain in the Eurozone, Goldman Sachs forecast a 12% rise next year for the Stoxx Europe 600 Index.  [Goldman Forecast Bullish for Europe, Japan ETFs]

Although European equities, broadly speaking, have performed well this year, there is still room for recovery when it comes to Eurozone P/E ratios. For example, stocks in Italy and Spain, the region’s third- and fourth-largest economies, respectively, are cheaper today than they were in 2004. [Europe’s P/E Ratios Can Keep Recovering]

With that in mind, we evaluate 10 of this year’s best diversified Europe ETFs. A few notes about  this list. First, sector funds were excluded. For example, the iShares MSCI Europe Financials ETF (NasdaqGS: EUFN), which it must be noted has performed well this year, is not on the list. [A Sector Approach to Europe ETFs]

However, region-specific, multi-country funds were included. Additionally, some of the ETFs on this list offer truly broad Europe exposure while others are multi-country ETFs that focus explicitly on Eurozone nations. All return data is courtesy XTF as of Nov. 25.

Let’s get started with the…

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