226490.KS vs. EWY
226490.KS (KODEX KOSPI ETF) and EWY (iShares MSCI South Korea ETF) are both South Korea Equities funds - 226490.KS tracks the KOSPI Index while EWY tracks the MSCI Korea Index. Both are passively managed. Over the past 10 years, 226490.KS returned 16.54%/yr vs 18.63%/yr for EWY. A 0.54 correlation means they provide meaningful diversification when combined. 226490.KS charges 0.15%/yr vs 0.59%/yr for EWY.
Performance
226490.KS vs. EWY - Performance Comparison
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Different Trading Currencies
226490.KS is traded in KRW, while EWY is traded in USD. To make them comparable, the EWY values have been converted to KRW using the latest available exchange rates.
Returns By Period
In the year-to-date period, 226490.KS achieves a 79.27% return, which is significantly lower than EWY's 96.63% return. Over the past 10 years, 226490.KS has underperformed EWY with an annualized return of 16.54%, while EWY has yielded a comparatively higher 18.63% annualized return.
226490.KS
- 1D
- 3.12%
- 1M
- 0.10%
- 6M
- 66.04%
- YTD
- 79.27%
- 1Y
- 144.88%
- 3Y*
- 46.77%
- 5Y*
- 21.04%
- 10Y*
- 16.54%
EWY
- 1D
- 0.53%
- 1M
- -2.89%
- 6M
- 77.60%
- YTD
- 96.63%
- 1Y
- 184.85%
- 3Y*
- 53.46%
- 5Y*
- 24.26%
- 10Y*
- 18.63%
226490.KS vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
226490.KS KODEX KOSPI ETF | 79.27% | 79.41% | -7.43% | 20.19% | -22.48% | 5.26% | 32.87% | 9.76% | -15.46% | 23.69% |
EWY iShares MSCI South Korea ETF | 96.63% | 90.84% | -9.34% | 22.45% | -22.44% | 1.25% | 31.25% | 12.06% | -16.93% | 28.09% |
Correlation
The correlation between 226490.KS and EWY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2015 | 0.54 |
The correlation between 226490.KS and EWY shifts across timeframes, from 0.38 (1 year) to 0.55 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
226490.KS vs. EWY — Risk / Return Rank
226490.KS
EWY
226490.KS vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KODEX KOSPI ETF (226490.KS) and iShares MSCI South Korea ETF (EWY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 226490.KS | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.58 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 7.49 | 9.82 | -2.33 |
| Martin ratioReturn relative to average drawdown | 25.56 | 31.27 | -5.72 |
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Drawdowns
226490.KS vs. EWY - Drawdown Comparison
The maximum 226490.KS drawdown since its inception was -41.27%, smaller than the maximum EWY drawdown of -57.04%. Use the drawdown chart below to compare losses from any high point for 226490.KS and EWY.
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Drawdown Indicators
| 226490.KS | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.27% | -57.04% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -20.04% | -18.95% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.04% | -21.76% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.55% | -33.41% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -41.27% | -39.73% | -1.54% |
Current DrawdownCurrent decline from peak | -17.54% | -18.28% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -13.38% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 5.94% | -0.16% |
Volatility
226490.KS vs. EWY - Volatility Comparison
The current volatility for KODEX KOSPI ETF (226490.KS) is 19.94%, while iShares MSCI South Korea ETF (EWY) has a volatility of 25.21%. This indicates that 226490.KS experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 226490.KS | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.94% | 25.21% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 41.08% | 43.37% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 46.30% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 26.78% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 23.93% | -2.47% |
226490.KS vs. EWY - Expense Ratio Comparison
226490.KS has a 0.15% expense ratio, which is lower than EWY's 0.59% expense ratio.
Dividends
226490.KS vs. EWY - Dividend Comparison
226490.KS's dividend yield for the trailing twelve months is around 0.61%, less than EWY's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
226490.KS KODEX KOSPI ETF | 0.61% | 1.30% | 2.43% | 1.83% | 1.81% | 1.65% | 1.30% | 2.09% | 1.72% | 1.28% | 1.48% | 0.00% |
EWY iShares MSCI South Korea ETF | 1.11% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
Frequently Asked Questions
226490.KS and EWY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 226490.KS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
226490.KS is cheaper with a 0.15% expense ratio, compared with 0.59% for EWY.
226490.KS tracks KOSPI Index, while EWY tracks MSCI Korea Index. They also come from different issuers: Samsung Asset Management and iShares. Their fees differ too: 0.15% for 226490.KS and 0.59% for EWY.
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