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Country ETFs

Currency in USD · Last updated May 11, 2025

Asset Allocation

EGPT 2.13%PAK 2.13%EPOL 2.13%GREK 2.13%ARGT 2.13%INDA 2.13%EIRL 2.13%GXG 2.13%VTI 2.13%EWW 2.13%EDEN 2.13%EWJ 2.13%EWZ 2.13%EWI 2.13%EPU 2.13%EWP 2.13%EWT 2.13%TUR 2.13%EWN 2.13%EWD 2.13%KSA 2.13%EWQ 2.13%EWL 2.13%EWG 2.13%EWO 2.13%UAE 2.13%VNM 2.13%EWC 2.13%EWU 2.13%PGAL 2.13%EIS 2.13%NORW 2.13%EWA 2.13%EWK 2.13%EIDO 2.13%EWY 2.13%EPHE 2.13%QAT 2.13%EWS 2.13%EWM 2.13%ENZL 2.13%ECH 2.13%EZA 2.13%THD 2.13%EWH 2.13%NGE 2.13%FXI 2.13%EquityEquity
PositionCategory/SectorTarget Weight
ARGT
Global X MSCI Argentina ETF		Latin America Equities
2.13%
ECH
iShares MSCI Chile ETF		Foreign Large Cap Equities
2.13%
EDEN
iShares MSCI Denmark ETF		Europe Equities
2.13%
EGPT
VanEck Vectors Egypt Index ETF		Emerging Markets Equities
2.13%
EIDO
iShares MSCI Indonesia ETF		Asia Pacific Equities
2.13%
EIRL
iShares MSCI Ireland ETF		Europe Equities
2.13%
EIS
iShares MSCI Israel ETF		Large Cap Blend Equities
2.13%
ENZL
iShares MSCI New Zealand ETF		Asia Pacific Equities
2.13%
EPHE
iShares MSCI Philippines ETF		Asia Pacific Equities
2.13%
EPOL
iShares MSCI Poland ETF		Europe Equities
2.13%
EPU
iShares MSCI Peru ETF		Mid Cap Blend Equities
2.13%
EWA
iShares MSCI-Australia ETF		Asia Pacific Equities
2.13%
EWC
iShares MSCI Canada ETF		Canada Equities
2.13%
EWD
iShares MSCI Sweden ETF		Europe Equities
2.13%
EWG
iShares MSCI Germany ETF		Europe Equities
2.13%
EWH
iShares MSCI Hong Kong ETF		Asia Pacific Equities
2.13%
EWI
iShares MSCI Italy ETF		Europe Equities
2.13%
EWJ
iShares MSCI Japan ETF		Japan Equities
2.13%
EWK
iShares MSCI Belgium ETF		Europe Equities
2.13%
EWL
2.13%
EWM
2.13%
EWN
2.13%
EWO
2.13%
EWP
2.13%
EWQ
2.13%
EWS
2.13%
EWT
2.13%
EWU
2.13%
EWW
2.13%
EWY
2.13%
EWZ
2.13%
EZA
2.13%
FXI
2.13%
GREK
2.13%
GXG
2.13%
INDA
2.13%
KSA
2.13%
NGE
2.13%
NORW
2.13%
PAK
2.13%
PGAL
2.13%
QAT
2.13%
THD
2.13%
TUR
2.13%
UAE
2.13%
VNM
2.13%
VTI
2.13%

Performance

Performance Chart

Loading data...

The earliest data available for this chart is Jan 26, 2012, corresponding to the inception date of EDEN

Returns By Period

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		-0.64%8.97%-2.52%11.90%15.34%10.70%
Country ETFsN/AN/AN/AN/AN/AN/A
Portfolio components:
EGPT
VanEck Vectors Egypt Index ETF		N/AN/AN/AN/AN/AN/A
PAK
N/AN/AN/AN/AN/AN/A
EPOL
iShares MSCI Poland ETF		47.96%13.32%40.03%32.11%19.51%4.17%
GREK
N/AN/AN/AN/AN/AN/A
ARGT
Global X MSCI Argentina ETF		8.26%12.85%21.82%45.86%36.66%16.25%
INDA
N/AN/AN/AN/AN/AN/A
EIRL
iShares MSCI Ireland ETF		6.76%9.29%2.92%-7.37%15.24%6.02%
GXG
N/AN/AN/AN/AN/AN/A
VTI
N/AN/AN/AN/AN/AN/A
EWW
N/AN/AN/AN/AN/AN/A
EDEN
iShares MSCI Denmark ETF		1.21%7.27%-7.54%-12.11%11.64%8.31%
EWJ
iShares MSCI Japan ETF		7.32%9.40%5.34%8.43%8.59%5.03%
EWZ
N/AN/AN/AN/AN/AN/A
EWI
iShares MSCI Italy ETF		27.36%13.03%25.58%24.72%21.33%7.15%
EPU
iShares MSCI Peru ETF		14.44%7.70%7.79%12.45%16.48%7.02%
EWP
N/AN/AN/AN/AN/AN/A
EWT
N/AN/AN/AN/AN/AN/A
TUR
N/AN/AN/AN/AN/AN/A
EWN
N/AN/AN/AN/AN/AN/A
EWD
iShares MSCI Sweden ETF		18.89%10.10%11.26%10.38%13.30%6.04%
KSA
N/AN/AN/AN/AN/AN/A
EWQ
N/AN/AN/AN/AN/AN/A
EWL
N/AN/AN/AN/AN/AN/A
EWG
iShares MSCI Germany ETF		28.13%12.10%27.01%29.79%15.08%5.49%
EWO
N/AN/AN/AN/AN/AN/A
UAE
N/AN/AN/AN/AN/AN/A
VNM
N/AN/AN/AN/AN/AN/A
EWC
iShares MSCI Canada ETF		6.33%7.47%4.15%14.77%14.69%6.32%
EWU
N/AN/AN/AN/AN/AN/A
PGAL
N/AN/AN/AN/AN/AN/A
EIS
iShares MSCI Israel ETF		7.09%11.76%18.53%35.84%11.60%6.27%
NORW
N/AN/AN/AN/AN/AN/A
EWA
iShares MSCI-Australia ETF		4.82%9.84%-1.96%5.89%13.02%4.99%
EWK
iShares MSCI Belgium ETF		14.25%6.69%7.38%10.45%9.75%4.04%
EIDO
iShares MSCI Indonesia ETF		-5.79%9.70%-14.35%-10.69%4.31%-1.91%
EWY
N/AN/AN/AN/AN/AN/A
EPHE
iShares MSCI Philippines ETF		10.35%10.66%4.22%11.32%3.93%-2.92%
QAT
N/AN/AN/AN/AN/AN/A
EWS
N/AN/AN/AN/AN/AN/A
EWM
N/AN/AN/AN/AN/AN/A
ENZL
iShares MSCI New Zealand ETF		-0.02%6.56%-4.43%1.87%0.29%4.44%
ECH
iShares MSCI Chile ETF		28.59%13.42%28.00%17.82%10.45%-0.06%
EZA
N/AN/AN/AN/AN/AN/A
THD
N/AN/AN/AN/AN/AN/A
EWH
iShares MSCI Hong Kong ETF		10.14%14.90%4.10%9.90%0.52%0.66%
NGE
N/AN/AN/AN/AN/AN/A
FXI
N/AN/AN/AN/AN/AN/A
*Annualized

Monthly Returns

The table below presents the monthly returns of Country ETFs, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.64%0.64%

Expense Ratio

Country ETFs has an expense ratio of 0.57%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

EGPT
VanEck Vectors Egypt Index ETF
EPOL
iShares MSCI Poland ETF
ARGT
Global X MSCI Argentina ETF
EIRL
iShares MSCI Ireland ETF
EPU
iShares MSCI Peru ETF
EIS
iShares MSCI Israel ETF
EIDO
iShares MSCI Indonesia ETF
EPHE
iShares MSCI Philippines ETF
EWD
iShares MSCI Sweden ETF
EDEN
iShares MSCI Denmark ETF
EWA
iShares MSCI-Australia ETF
EWJ
iShares MSCI Japan ETF
EWI
iShares MSCI Italy ETF
EWG
iShares MSCI Germany ETF
ECH
iShares MSCI Chile ETF
EWC
iShares MSCI Canada ETF
ENZL
iShares MSCI New Zealand ETF
EWK
iShares MSCI Belgium ETF
EWH
iShares MSCI Hong Kong ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Country ETFs is 68, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of Country ETFs is 6868
Overall Rank
The Sharpe Ratio Rank of Country ETFs is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of Country ETFs is 6767
Sortino Ratio Rank
The Omega Ratio Rank of Country ETFs is 6767
Omega Ratio Rank
The Calmar Ratio Rank of Country ETFs is 7474
Calmar Ratio Rank
The Martin Ratio Rank of Country ETFs is 6666
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

No data
No data
No data
No data
No data
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
EGPT
VanEck Vectors Egypt Index ETF		—————
PAK
—————
EPOL
iShares MSCI Poland ETF		1.011.691.211.384.04
GREK
—————
ARGT
Global X MSCI Argentina ETF		1.361.931.242.046.33
INDA
—————
EIRL
iShares MSCI Ireland ETF		-0.39-0.370.95-0.29-0.63
GXG
—————
VTI
—————
EWW
—————
EDEN
iShares MSCI Denmark ETF		-0.60-0.650.92-0.38-0.83
EWJ
iShares MSCI Japan ETF		0.370.591.080.471.42
EWZ
—————
EWI
iShares MSCI Italy ETF		1.211.831.251.616.00
EPU
iShares MSCI Peru ETF		0.561.021.131.012.47
EWP
—————
EWT
—————
TUR
—————
EWN
—————
EWD
iShares MSCI Sweden ETF		0.510.921.120.701.77
KSA
—————
EWQ
—————
EWL
—————
EWG
iShares MSCI Germany ETF		1.502.311.302.088.25
EWO
—————
UAE
—————
VNM
—————
EWC
iShares MSCI Canada ETF		0.861.361.181.184.56
EWU
—————
PGAL
—————
EIS
iShares MSCI Israel ETF		1.832.461.311.678.04
NORW
—————
EWA
iShares MSCI-Australia ETF		0.270.501.070.240.77
EWK
iShares MSCI Belgium ETF		0.611.011.140.811.99
EIDO
iShares MSCI Indonesia ETF		-0.47-0.560.93-0.24-0.68
EWY
—————
EPHE
iShares MSCI Philippines ETF		0.520.811.100.230.83
QAT
—————
EWS
—————
EWM
—————
ENZL
iShares MSCI New Zealand ETF		0.100.281.030.050.23
ECH
iShares MSCI Chile ETF		0.861.401.180.352.38
EZA
—————
THD
—————
EWH
iShares MSCI Hong Kong ETF		0.500.871.110.320.99
NGE
—————
FXI
—————

There isn't enough data available to calculate the Sharpe ratio for Country ETFs. This metric is based on the past 12 months of trading data. Please check back later for updated information.

Loading data...

Dividends

Dividend yield

Country ETFs provided a 2.63% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio2.63%2.95%4.34%3.56%2.90%1.62%2.68%2.68%2.17%2.32%3.18%2.32%
Portfolio components:
EGPT
VanEck Vectors Egypt Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PAK
0.00%0.00%5.94%9.17%8.36%2.49%3.49%5.62%3.53%2.97%2.80%0.00%
EPOL
iShares MSCI Poland ETF		4.08%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.15%2.53%3.44%
GREK
3.52%4.63%2.61%2.82%2.16%2.62%2.25%2.41%2.13%1.95%1.52%0.97%
ARGT
Global X MSCI Argentina ETF		1.30%1.41%1.59%2.45%0.93%0.28%1.21%1.34%0.49%0.36%0.89%0.47%
INDA
0.76%0.76%0.16%0.00%6.44%0.27%1.00%0.94%1.09%0.91%1.19%0.63%
EIRL
iShares MSCI Ireland ETF		2.40%2.56%1.00%1.13%0.81%0.50%2.11%1.52%1.44%1.34%1.70%2.26%
GXG
4.87%6.08%7.00%12.55%2.32%3.23%3.04%3.03%1.83%1.48%1.58%3.20%
VTI
1.35%1.27%1.44%1.67%1.21%1.42%1.78%2.04%1.71%1.92%1.98%1.76%
EWW
3.54%4.39%2.19%3.64%2.06%1.43%2.92%2.30%2.22%1.77%2.34%1.23%
EDEN
iShares MSCI Denmark ETF		1.48%1.50%1.92%1.47%0.74%0.42%2.36%2.01%2.03%1.28%1.46%0.87%
EWJ
iShares MSCI Japan ETF		2.18%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%1.32%
EWZ
7.28%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%3.78%
EWI
iShares MSCI Italy ETF		3.20%4.07%3.40%4.57%2.63%1.65%3.80%4.70%2.19%3.64%2.31%2.51%
EPU
iShares MSCI Peru ETF		5.05%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.91%1.66%
EWP
3.29%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%4.72%
EWT
3.32%3.32%12.01%18.82%2.64%1.83%2.49%3.16%2.81%2.39%3.12%1.93%
TUR
2.04%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.63%2.89%3.04%1.63%
EWN
1.91%2.18%1.79%1.98%1.02%0.78%2.58%2.40%1.68%2.71%1.92%2.30%
EWD
iShares MSCI Sweden ETF		1.48%1.77%2.41%3.68%5.46%0.98%4.15%5.17%3.23%3.91%4.08%3.92%
KSA
3.55%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EWQ
2.85%3.31%2.73%3.23%3.79%1.02%2.44%2.90%1.90%2.84%2.25%3.38%
EWL
1.90%2.21%2.12%2.04%1.73%1.45%1.85%2.56%2.05%2.75%2.58%2.49%
EWG
iShares MSCI Germany ETF		1.86%2.38%2.56%3.24%2.70%2.10%2.51%2.93%2.06%2.35%1.93%2.30%
EWO
5.57%7.40%5.65%4.75%2.42%0.98%3.11%4.04%2.03%1.99%1.51%3.93%
UAE
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VNM
0.00%0.00%5.22%0.96%0.48%0.40%0.76%0.83%0.99%2.44%3.69%2.65%
EWC
iShares MSCI Canada ETF		2.10%2.23%2.27%2.34%1.85%2.09%2.16%2.65%1.97%1.75%2.34%2.15%
EWU
3.68%4.16%4.14%3.42%4.35%2.48%4.13%4.98%3.91%3.97%4.11%7.59%
PGAL
0.00%0.00%4.15%3.33%3.43%2.41%3.49%4.60%3.05%4.29%4.53%2.23%
EIS
iShares MSCI Israel ETF		1.29%1.38%1.39%1.66%1.04%0.17%2.06%0.87%2.02%1.78%2.55%1.86%
NORW
5.20%6.03%5.27%4.01%2.42%1.13%2.47%3.54%3.64%3.78%2.95%3.85%
EWA
iShares MSCI-Australia ETF		3.54%3.71%3.72%5.28%5.08%2.02%3.97%6.11%4.44%4.03%5.48%4.92%
EWK
iShares MSCI Belgium ETF		2.85%3.25%2.09%2.58%3.63%1.66%2.77%2.77%2.91%1.75%2.06%1.85%
EIDO
iShares MSCI Indonesia ETF		5.52%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%1.32%
EWY
2.25%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%1.20%
EPHE
iShares MSCI Philippines ETF		2.10%2.32%2.01%1.73%1.05%0.72%0.78%0.45%0.36%0.71%1.03%0.97%
QAT
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EWS
3.75%4.28%6.49%2.56%6.00%2.68%4.70%4.21%3.46%3.96%4.20%3.35%
EWM
3.33%3.32%3.47%3.00%6.48%1.89%2.91%3.84%5.58%5.97%37.54%4.03%
ENZL
iShares MSCI New Zealand ETF		2.13%2.13%3.00%1.62%2.46%1.66%3.35%3.60%3.69%4.78%4.29%5.15%
ECH
iShares MSCI Chile ETF		2.43%3.12%4.76%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%1.74%
EZA
6.01%7.26%2.84%3.90%2.05%5.51%12.27%3.81%1.55%4.10%3.03%2.20%
THD
3.37%3.15%2.92%2.41%3.16%2.31%2.42%2.57%2.16%2.61%3.58%2.34%
EWH
iShares MSCI Hong Kong ETF		3.79%4.18%4.28%2.91%2.78%2.56%2.70%2.94%4.35%3.07%2.62%3.52%
NGE
0.00%0.00%58.96%8.08%7.90%6.76%6.31%5.49%1.92%2.46%4.30%2.90%
FXI
1.54%1.76%3.17%2.61%1.60%2.19%2.74%2.69%2.31%2.69%2.90%2.51%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Country ETFs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Country ETFs was 0.06%, occurring on May 8, 2025. Recovery took 1 trading session.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-0.06%May 7, 20252May 8, 20251May 9, 20253

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 47 assets, with an effective number of assets of 47.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
^GSPCEGPTPGALNGEPAKEWWEIDOEWTEPOLGREKEWNEIRLUAEEPUEWZEWCEWDFXINORWTHDTURQATEWGEWIEWQVTIECHEWHEWMEWOEWLEWKINDAGXGEDENARGTVNMEISEWJEZAEWAEWYKSAENZLEWUEWPEPHEEWSPortfolio
^GSPC1.000.000.000.000.00-0.80-0.800.400.400.200.200.40-0.80-0.800.40-0.40-0.200.20-0.20-0.200.400.400.000.000.001.001.00-1.00-0.40-0.40-0.40-0.40-0.400.40-0.40-0.600.600.60-0.60-0.60-0.60-0.60-0.60-0.80-0.80-0.80-0.80-0.80-0.60
EGPT0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
PGAL0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
NGE0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
PAK0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
EWW-0.800.000.000.000.001.001.00-0.80-0.80-0.40-0.40-0.200.400.40-0.800.800.40-0.400.400.40-0.80-0.80-0.60-0.60-0.60-0.80-0.800.800.200.200.200.200.20-0.200.200.000.000.000.000.000.000.000.000.400.400.400.400.400.00
EIDO-0.800.000.000.000.001.001.00-0.80-0.80-0.40-0.40-0.200.400.40-0.800.800.40-0.400.400.40-0.80-0.80-0.60-0.60-0.60-0.80-0.800.800.200.200.200.200.20-0.200.200.000.000.000.000.000.000.000.000.400.400.400.400.400.00
EWT0.400.000.000.000.00-0.80-0.801.001.000.800.800.40-0.20-0.200.60-0.600.000.000.000.000.600.600.800.800.800.400.40-0.400.400.400.400.400.40-0.400.400.40-0.40-0.400.400.400.400.400.400.200.200.200.200.200.40
EPOL0.400.000.000.000.00-0.80-0.801.001.000.800.800.40-0.20-0.200.60-0.600.000.000.000.000.600.600.800.800.800.400.40-0.400.400.400.400.400.40-0.400.400.40-0.40-0.400.400.400.400.400.400.200.200.200.200.200.40
GREK0.200.000.000.000.00-0.40-0.400.800.801.001.000.80-0.40-0.400.000.000.60-0.600.600.600.000.000.400.400.400.200.20-0.200.800.800.800.800.80-0.800.800.20-0.20-0.200.200.200.200.200.200.400.400.400.400.400.20
EWN0.200.000.000.000.00-0.40-0.400.800.801.001.000.80-0.40-0.400.000.000.60-0.600.600.600.000.000.400.400.400.200.20-0.200.800.800.800.800.80-0.800.800.20-0.20-0.200.200.200.200.200.200.400.400.400.400.400.20
EIRL0.400.000.000.000.00-0.20-0.200.400.400.800.801.00-0.80-0.80-0.400.400.80-0.800.800.80-0.40-0.40-0.20-0.20-0.200.400.40-0.400.600.600.600.600.60-0.600.60-0.400.400.40-0.40-0.40-0.40-0.40-0.400.000.000.000.000.00-0.40
UAE-0.800.000.000.000.000.400.40-0.20-0.20-0.40-0.40-0.801.001.000.20-0.20-0.400.40-0.40-0.400.200.200.400.400.40-0.80-0.800.800.000.000.000.000.000.000.000.80-0.80-0.800.800.800.800.800.800.600.600.600.600.600.80
EPU-0.800.000.000.000.000.400.40-0.20-0.20-0.40-0.40-0.801.001.000.20-0.20-0.400.40-0.40-0.400.200.200.400.400.40-0.80-0.800.800.000.000.000.000.000.000.000.80-0.80-0.800.800.800.800.800.800.600.600.600.600.600.80
EWZ0.400.000.000.000.00-0.80-0.800.600.600.000.00-0.400.200.201.00-1.00-0.800.80-0.80-0.801.001.000.800.800.800.400.40-0.40-0.40-0.40-0.40-0.40-0.400.40-0.400.40-0.40-0.400.400.400.400.400.40-0.20-0.20-0.20-0.20-0.200.40
EWC-0.400.000.000.000.000.800.80-0.60-0.600.000.000.40-0.20-0.20-1.001.000.80-0.800.800.80-1.00-1.00-0.80-0.80-0.80-0.40-0.400.400.400.400.400.400.40-0.400.40-0.400.400.40-0.40-0.40-0.40-0.40-0.400.200.200.200.200.20-0.40
EWD-0.200.000.000.000.000.400.400.000.000.600.600.80-0.40-0.40-0.800.801.00-1.001.001.00-0.80-0.80-0.40-0.40-0.40-0.20-0.200.200.800.800.800.800.80-0.800.80-0.200.200.20-0.20-0.20-0.20-0.20-0.200.400.400.400.400.40-0.20
FXI0.200.000.000.000.00-0.40-0.400.000.00-0.60-0.60-0.800.400.400.80-0.80-1.001.00-1.00-1.000.800.800.400.400.400.200.20-0.20-0.80-0.80-0.80-0.80-0.800.80-0.800.20-0.20-0.200.200.200.200.200.20-0.40-0.40-0.40-0.40-0.400.20
NORW-0.200.000.000.000.000.400.400.000.000.600.600.80-0.40-0.40-0.800.801.00-1.001.001.00-0.80-0.80-0.40-0.40-0.40-0.20-0.200.200.800.800.800.800.80-0.800.80-0.200.200.20-0.20-0.20-0.20-0.20-0.200.400.400.400.400.40-0.20
THD-0.200.000.000.000.000.400.400.000.000.600.600.80-0.40-0.40-0.800.801.00-1.001.001.00-0.80-0.80-0.40-0.40-0.40-0.20-0.200.200.800.800.800.800.80-0.800.80-0.200.200.20-0.20-0.20-0.20-0.20-0.200.400.400.400.400.40-0.20
TUR0.400.000.000.000.00-0.80-0.800.600.600.000.00-0.400.200.201.00-1.00-0.800.80-0.80-0.801.001.000.800.800.800.400.40-0.40-0.40-0.40-0.40-0.40-0.400.40-0.400.40-0.40-0.400.400.400.400.400.40-0.20-0.20-0.20-0.20-0.200.40
QAT0.400.000.000.000.00-0.80-0.800.600.600.000.00-0.400.200.201.00-1.00-0.800.80-0.80-0.801.001.000.800.800.800.400.40-0.40-0.40-0.40-0.40-0.40-0.400.40-0.400.40-0.40-0.400.400.400.400.400.40-0.20-0.20-0.20-0.20-0.200.40
EWG0.000.000.000.000.00-0.60-0.600.800.800.400.40-0.200.400.400.80-0.80-0.400.40-0.40-0.400.800.801.001.001.000.000.000.000.200.200.200.200.20-0.200.200.80-0.80-0.800.800.800.800.800.800.400.400.400.400.400.80
EWI0.000.000.000.000.00-0.60-0.600.800.800.400.40-0.200.400.400.80-0.80-0.400.40-0.40-0.400.800.801.001.001.000.000.000.000.200.200.200.200.20-0.200.200.80-0.80-0.800.800.800.800.800.800.400.400.400.400.400.80
EWQ0.000.000.000.000.00-0.60-0.600.800.800.400.40-0.200.400.400.80-0.80-0.400.40-0.40-0.400.800.801.001.001.000.000.000.000.200.200.200.200.20-0.200.200.80-0.80-0.800.800.800.800.800.800.400.400.400.400.400.80
VTI1.000.000.000.000.00-0.80-0.800.400.400.200.200.40-0.80-0.800.40-0.40-0.200.20-0.20-0.200.400.400.000.000.001.001.00-1.00-0.40-0.40-0.40-0.40-0.400.40-0.40-0.600.600.60-0.60-0.60-0.60-0.60-0.60-0.80-0.80-0.80-0.80-0.80-0.60
ECH1.000.000.000.000.00-0.80-0.800.400.400.200.200.40-0.80-0.800.40-0.40-0.200.20-0.20-0.200.400.400.000.000.001.001.00-1.00-0.40-0.40-0.40-0.40-0.400.40-0.40-0.600.600.60-0.60-0.60-0.60-0.60-0.60-0.80-0.80-0.80-0.80-0.80-0.60
EWH-1.000.000.000.000.000.800.80-0.40-0.40-0.20-0.20-0.400.800.80-0.400.400.20-0.200.200.20-0.40-0.400.000.000.00-1.00-1.001.000.400.400.400.400.40-0.400.400.60-0.60-0.600.600.600.600.600.600.800.800.800.800.800.60
EWM-0.400.000.000.000.000.200.200.400.400.800.800.600.000.00-0.400.400.80-0.800.800.80-0.40-0.400.200.200.20-0.40-0.400.401.001.001.001.001.00-1.001.000.40-0.40-0.400.400.400.400.400.400.800.800.800.800.800.40
EWO-0.400.000.000.000.000.200.200.400.400.800.800.600.000.00-0.400.400.80-0.800.800.80-0.40-0.400.200.200.20-0.40-0.400.401.001.001.001.001.00-1.001.000.40-0.40-0.400.400.400.400.400.400.800.800.800.800.800.40
EWL-0.400.000.000.000.000.200.200.400.400.800.800.600.000.00-0.400.400.80-0.800.800.80-0.40-0.400.200.200.20-0.40-0.400.401.001.001.001.001.00-1.001.000.40-0.40-0.400.400.400.400.400.400.800.800.800.800.800.40
EWK-0.400.000.000.000.000.200.200.400.400.800.800.600.000.00-0.400.400.80-0.800.800.80-0.40-0.400.200.200.20-0.40-0.400.401.001.001.001.001.00-1.001.000.40-0.40-0.400.400.400.400.400.400.800.800.800.800.800.40
INDA-0.400.000.000.000.000.200.200.400.400.800.800.600.000.00-0.400.400.80-0.800.800.80-0.40-0.400.200.200.20-0.40-0.400.401.001.001.001.001.00-1.001.000.40-0.40-0.400.400.400.400.400.400.800.800.800.800.800.40
GXG0.400.000.000.000.00-0.20-0.20-0.40-0.40-0.80-0.80-0.600.000.000.40-0.40-0.800.80-0.80-0.800.400.40-0.20-0.20-0.200.400.40-0.40-1.00-1.00-1.00-1.00-1.001.00-1.00-0.400.400.40-0.40-0.40-0.40-0.40-0.40-0.80-0.80-0.80-0.80-0.80-0.40
EDEN-0.400.000.000.000.000.200.200.400.400.800.800.600.000.00-0.400.400.80-0.800.800.80-0.40-0.400.200.200.20-0.40-0.400.401.001.001.001.001.00-1.001.000.40-0.40-0.400.400.400.400.400.400.800.800.800.800.800.40
ARGT-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
VNM0.600.000.000.000.000.000.00-0.40-0.40-0.20-0.200.40-0.80-0.80-0.400.400.20-0.200.200.20-0.40-0.40-0.80-0.80-0.800.600.60-0.60-0.40-0.40-0.40-0.40-0.400.40-0.40-1.001.001.00-1.00-1.00-1.00-1.00-1.00-0.80-0.80-0.80-0.80-0.80-1.00
EIS0.600.000.000.000.000.000.00-0.40-0.40-0.20-0.200.40-0.80-0.80-0.400.400.20-0.200.200.20-0.40-0.40-0.80-0.80-0.800.600.60-0.60-0.40-0.40-0.40-0.40-0.400.40-0.40-1.001.001.00-1.00-1.00-1.00-1.00-1.00-0.80-0.80-0.80-0.80-0.80-1.00
EWJ-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
EZA-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
EWA-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
EWY-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
KSA-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
ENZL-0.800.000.000.000.000.400.400.200.200.400.400.000.600.60-0.200.200.40-0.400.400.40-0.20-0.200.400.400.40-0.80-0.800.800.800.800.800.800.80-0.800.800.80-0.80-0.800.800.800.800.800.801.001.001.001.001.000.80
EWU-0.800.000.000.000.000.400.400.200.200.400.400.000.600.60-0.200.200.40-0.400.400.40-0.20-0.200.400.400.40-0.80-0.800.800.800.800.800.800.80-0.800.800.80-0.80-0.800.800.800.800.800.801.001.001.001.001.000.80
EWP-0.800.000.000.000.000.400.400.200.200.400.400.000.600.60-0.200.200.40-0.400.400.40-0.20-0.200.400.400.40-0.80-0.800.800.800.800.800.800.80-0.800.800.80-0.80-0.800.800.800.800.800.801.001.001.001.001.000.80
EPHE-0.800.000.000.000.000.400.400.200.200.400.400.000.600.60-0.200.200.40-0.400.400.40-0.20-0.200.400.400.40-0.80-0.800.800.800.800.800.800.80-0.800.800.80-0.80-0.800.800.800.800.800.801.001.001.001.001.000.80
EWS-0.800.000.000.000.000.400.400.200.200.400.400.000.600.60-0.200.200.40-0.400.400.40-0.20-0.200.400.400.40-0.80-0.800.800.800.800.800.800.80-0.800.800.80-0.80-0.800.800.800.800.800.801.001.001.001.001.000.80
Portfolio-0.600.000.000.000.000.000.000.400.400.200.20-0.400.800.800.40-0.40-0.200.20-0.20-0.200.400.400.800.800.80-0.60-0.600.600.400.400.400.400.40-0.400.401.00-1.00-1.001.001.001.001.001.000.800.800.800.800.801.00
The correlation results are calculated based on daily price changes starting from May 6, 2025