Asset Allocation
Find the right asset allocation for Countries ETF Portfolio
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Countries ETF Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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Returns By Period
As of Jun 6, 2026, the Countries ETF Portfolio returned 8.66% Year-To-Date and 9.34% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio Countries ETF Portfolio | 0.70% | -4.69% | 8.66% | 11.35% | 24.69% | 18.26% | 7.84% | 9.34% |
| Portfolio components: | ||||||||
EIDO iShares MSCI Indonesia ETF | -3.83% | -27.47% | -42.25% | -42.21% | -39.51% | -20.35% | -10.73% | -5.06% |
EIS iShares MSCI Israel ETF | 1.53% | -7.96% | 14.51% | 16.70% | 48.12% | 33.62% | 14.55% | 11.91% |
EWA iShares MSCI-Australia ETF | 0.04% | -4.98% | 7.18% | 8.80% | 9.92% | 11.09% | 4.93% | 8.12% |
EWG iShares MSCI Germany ETF | 0.07% | -1.20% | -0.85% | 1.94% | 0.76% | 16.50% | 5.71% | 7.84% |
EWH iShares MSCI Hong Kong ETF | 0.14% | -10.01% | 2.82% | 3.35% | 17.85% | 7.90% | -0.71% | 4.45% |
EWI iShares MSCI Italy ETF | 1.05% | -0.81% | 7.95% | 12.15% | 25.19% | 28.16% | 15.36% | 13.44% |
EWL iShares MSCI Switzerland ETF | -0.13% | -1.41% | 1.62% | 5.49% | 11.58% | 11.54% | 5.97% | 9.53% |
EWM iShares MSCI Malaysia ETF | -0.29% | -8.18% | 1.72% | 7.42% | 19.09% | 14.69% | 4.38% | 2.62% |
EWP iShares MSCI Spain ETF | -0.23% | -1.00% | 5.10% | 9.82% | 33.13% | 30.85% | 16.75% | 11.50% |
EWS iShares MSCI Singapore ETF | 0.07% | -0.69% | 4.29% | 6.98% | 13.77% | 20.03% | 8.63% | 7.57% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 1, 2011, Countries ETF Portfolio's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +14.3%, while the worst month was Mar 2020 at -17.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Countries ETF Portfolio closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.30% | 4.79% | -6.66% | 7.39% | 2.89% | -4.54% | 8.66% | ||||||
| 2025 | 3.22% | 1.61% | 1.06% | 3.17% | 5.73% | 4.96% | -0.59% | 3.54% | 3.00% | 1.75% | 0.30% | 3.17% | 35.47% |
| 2024 | -3.73% | 3.12% | 2.61% | -2.14% | 4.59% | -0.57% | 2.08% | 4.05% | 4.13% | -3.97% | -0.66% | -2.34% | 6.83% |
| 2023 | 7.91% | -4.64% | 2.10% | 1.16% | -4.13% | 3.68% | 5.12% | -5.03% | -3.07% | -4.28% | 7.94% | 4.91% | 10.81% |
| 2022 | -2.27% | -1.41% | -0.15% | -5.49% | 0.92% | -8.01% | 2.74% | -2.65% | -10.42% | 3.26% | 12.95% | -2.34% | -13.86% |
| 2021 | -0.41% | 2.25% | 1.41% | 2.83% | 2.38% | -1.27% | -1.22% | 1.95% | -3.82% | 4.13% | -4.77% | 3.11% | 6.29% |
Benchmark Metrics
Countries ETF Portfolio has an annualized alpha of -3.77%, beta of 0.88, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since April 01, 2011.
- This portfolio participated in 100.74% of S&P 500 Index downside but only 75.59% of its upside - more exposed to losses than it benefited from rallies.
- This portfolio had an annualized alpha of -3.77% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.88 and R2 of 0.72, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.77%
- Beta
- 0.88
- R²
- 0.72
- Upside Capture
- 75.59%
- Downside Capture
- 100.74%
Expense Ratio
Countries ETF Portfolio has an expense ratio of 0.56%, 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.
Top 10 holdings
Return for Risk
Risk / Return Rank
Countries ETF Portfolio ranks 24 for risk / return — below 24% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Countries ETF Portfolio and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.64 | 1.94 | -0.30 |
| Sortino ratioReturn per unit of downside risk | 2.23 | 2.63 | -0.39 |
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.59 | -0.11 |
| Martin ratioReturn relative to average drawdown | 9.56 | 11.84 | -2.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
EIDO iShares MSCI Indonesia ETF | 0 | -1.69 | -2.43 | 0.69 | -0.90 | -3.09 |
EIS iShares MSCI Israel ETF | 74 | 2.10 | 2.91 | 1.36 | 3.90 | 14.00 |
EWA iShares MSCI-Australia ETF | 21 | 0.58 | 0.90 | 1.11 | 1.00 | 2.80 |
EWG iShares MSCI Germany ETF | 10 | 0.04 | 0.18 | 1.02 | 0.05 | 0.15 |
EWH iShares MSCI Hong Kong ETF | 34 | 1.08 | 1.58 | 1.19 | 1.61 | 5.44 |
EWI iShares MSCI Italy ETF | 44 | 1.39 | 1.96 | 1.24 | 2.03 | 7.54 |
EWL iShares MSCI Switzerland ETF | 22 | 0.74 | 1.13 | 1.13 | 0.86 | 2.78 |
EWM iShares MSCI Malaysia ETF | 45 | 1.37 | 1.93 | 1.24 | 2.25 | 7.15 |
EWP iShares MSCI Spain ETF | 59 | 1.77 | 2.40 | 1.31 | 2.92 | 10.37 |
EWS iShares MSCI Singapore ETF | 31 | 0.91 | 1.37 | 1.17 | 1.77 | 4.29 |
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Dividends
Dividend yield
Countries ETF Portfolio provided a 3.30% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.30% | 3.30% | 3.30% | 3.47% | 4.03% | 3.03% | 1.53% | 2.61% | 2.93% | 2.76% | 2.86% | 5.10% |
| Portfolio components: | ||||||||||||
EIDO iShares MSCI Indonesia ETF | 6.16% | 3.56% | 5.20% | 2.94% | 2.53% | 1.33% | 1.51% | 1.78% | 1.99% | 1.26% | 1.16% | 1.67% |
EIS iShares MSCI Israel ETF | 1.25% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
EWA iShares MSCI-Australia ETF | 3.00% | 3.21% | 3.71% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% |
EWG iShares MSCI Germany ETF | 1.61% | 1.60% | 2.38% | 2.56% | 3.24% | 2.70% | 1.67% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% |
EWH iShares MSCI Hong Kong ETF | 5.05% | 5.20% | 4.17% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% |
EWI iShares MSCI Italy ETF | 2.60% | 2.80% | 4.07% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% |
EWL iShares MSCI Switzerland ETF | 1.68% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
EWM iShares MSCI Malaysia ETF | 3.35% | 3.41% | 3.32% | 3.47% | 3.00% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.54% |
EWP iShares MSCI Spain ETF | 2.16% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
EWS iShares MSCI Singapore ETF | 3.93% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
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 Countries ETF Portfolio. 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 Countries ETF Portfolio was 37.03%, occurring on Mar 23, 2020. Recovery took 170 trading sessions.
The current Countries ETF Portfolio drawdown is 5.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.03%Mar 2020 | 2y 1mo | 8mo 2d | 2y 9moJan 2018 - Nov 2020 |
2011 bear market2011 | -29.73%Oct 2011 | 5mo 4d | 2y 9d | 2y 5moMay 2011 - Oct 2013 |
Bear market2022 | -27.64%Oct 2022 | 1y 4mo | 1y 10mo | 3y 2moJun 2021 - Aug 2024 |
2016 bear market2016 | -25.06%Feb 2016 | 1y 6mo | 1y 2mo | 2y 9moJul 2014 - May 2017 |
2025 selloff2025 | -13.88%Apr 2025 | 21d | 22d | 1mo 13dMar 2025 - Apr 2025 |
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 15 assets, with an effective number of assets of 15.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.37 | 1.35 | 1.32 | 1.25 | 1.24 |
The portfolio has a diversification ratio of 1.24, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Countries ETF Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.80 |
Benchmark Correlations
Correlation vs. S&P 500 Index. EWG has the highest benchmark correlation at 0.74, while EIDO has the lowest at 0.51.
Asset Correlations Table
Find what Countries ETF Portfolio is missing
See which holdings overlap, where Countries ETF Portfolio is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification