^N225 vs. EWA
Compare and contrast key facts about Nikkei 225 (^N225) and iShares MSCI-Australia ETF (EWA).
EWA is a passively managed fund by iShares that tracks the performance of the MSCI Australia Index. It was launched on Mar 18, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^N225 or EWA.
Key characteristics
| ^N225 | EWA | |
|---|---|---|
| YTD Return | 16.37% | 10.81% |
| 1Y Return | 21.54% | 27.52% |
| 3Y Return (Ann) | 10.43% | 5.29% |
| 5Y Return (Ann) | 11.92% | 7.72% |
| 10Y Return (Ann) | 10.54% | 5.48% |
| Sharpe Ratio | 0.96 | 1.65 |
| Sortino Ratio | 1.37 | 2.34 |
| Omega Ratio | 1.22 | 1.28 |
| Calmar Ratio | 0.99 | 1.54 |
| Martin Ratio | 4.00 | 9.69 |
| Ulcer Index | 6.32% | 2.89% |
| Daily Std Dev | 26.32% | 17.00% |
| Max Drawdown | -81.87% | -66.98% |
| Current Drawdown | -7.77% | -2.40% |
Correlation
The correlation between ^N225 and EWA is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^N225 vs. EWA - Performance Comparison
In the year-to-date period, ^N225 achieves a 16.37% return, which is significantly higher than EWA's 10.81% return. Over the past 10 years, ^N225 has outperformed EWA with an annualized return of 10.54%, while EWA has yielded a comparatively lower 5.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^N225 vs. EWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikkei 225 (^N225) and iShares MSCI-Australia ETF (EWA). 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.
Drawdowns
^N225 vs. EWA - Drawdown Comparison
The maximum ^N225 drawdown since its inception was -81.87%, which is greater than EWA's maximum drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for ^N225 and EWA. For additional features, visit the drawdowns tool.
Volatility
^N225 vs. EWA - Volatility Comparison
Nikkei 225 (^N225) has a higher volatility of 10.60% compared to iShares MSCI-Australia ETF (EWA) at 4.45%. This indicates that ^N225's price experiences larger fluctuations and is considered to be riskier than EWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.