ASEA vs. EIDO
Compare and contrast key facts about Global X FTSE Southeast Asia ETF (ASEA) and iShares MSCI Indonesia ETF (EIDO).
ASEA and EIDO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASEA is a passively managed fund by Global X that tracks the performance of the FTSE/ASEAN 40 Index. It was launched on Feb 17, 2011. EIDO is a passively managed fund by iShares that tracks the performance of the MSCI Indonesia Investable Market Index. It was launched on May 5, 2010. Both ASEA and EIDO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASEA or EIDO.
Key characteristics
| ASEA | EIDO | |
|---|---|---|
| YTD Return | 16.28% | 2.48% |
| 1Y Return | 23.42% | 5.92% |
| 3Y Return (Ann) | 7.80% | -0.57% |
| 5Y Return (Ann) | 5.16% | 0.12% |
| 10Y Return (Ann) | 3.76% | -0.02% |
| Sharpe Ratio | 1.65 | 0.34 |
| Sortino Ratio | 2.38 | 0.60 |
| Omega Ratio | 1.29 | 1.07 |
| Calmar Ratio | 2.08 | 0.17 |
| Martin Ratio | 10.07 | 0.88 |
| Ulcer Index | 2.38% | 6.91% |
| Daily Std Dev | 14.47% | 18.00% |
| Max Drawdown | -44.13% | -63.21% |
| Current Drawdown | -4.67% | -23.33% |
Correlation
The correlation between ASEA and EIDO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASEA vs. EIDO - Performance Comparison
In the year-to-date period, ASEA achieves a 16.28% return, which is significantly higher than EIDO's 2.48% return. Over the past 10 years, ASEA has outperformed EIDO with an annualized return of 3.76%, while EIDO has yielded a comparatively lower -0.02% 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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ASEA vs. EIDO - Expense Ratio Comparison
ASEA has a 0.65% expense ratio, which is higher than EIDO's 0.59% expense ratio.
Risk-Adjusted Performance
ASEA vs. EIDO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X FTSE Southeast Asia ETF (ASEA) and iShares MSCI Indonesia ETF (EIDO). 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.
Dividends
ASEA vs. EIDO - Dividend Comparison
ASEA's dividend yield for the trailing twelve months is around 3.60%, less than EIDO's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASEA Global X FTSE Southeast Asia ETF | 3.60% | 3.76% | 2.23% | 4.19% | 2.27% | 2.51% | 3.08% | 1.59% | 2.78% | 3.64% | 2.65% | 3.83% |
EIDO iShares MSCI Indonesia ETF | 3.80% | 2.94% | 2.53% | 1.33% | 1.51% | 1.78% | 1.99% | 1.26% | 1.16% | 1.67% | 1.32% | 2.03% |
Drawdowns
ASEA vs. EIDO - Drawdown Comparison
The maximum ASEA drawdown since its inception was -44.13%, smaller than the maximum EIDO drawdown of -63.21%. Use the drawdown chart below to compare losses from any high point for ASEA and EIDO. For additional features, visit the drawdowns tool.
Volatility
ASEA vs. EIDO - Volatility Comparison
The current volatility for Global X FTSE Southeast Asia ETF (ASEA) is 4.28%, while iShares MSCI Indonesia ETF (EIDO) has a volatility of 5.86%. This indicates that ASEA experiences smaller price fluctuations and is considered to be less risky than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.