ASX vs. EWL
ASX (ASE Technology Holding Co., Ltd.) is a stock, while EWL (iShares MSCI Switzerland ETF) is Europe Equities fund tracking the MSCI Switzerland Index. Over the past 10 years, ASX returned 27.37%/yr vs 9.94%/yr for EWL. At a 0.34 correlation, their price movements are largely independent.
Performance
ASX vs. EWL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASX achieves a 139.13% return, which is significantly higher than EWL's 4.69% return. Over the past 10 years, ASX has outperformed EWL with an annualized return of 27.37%, while EWL has yielded a comparatively lower 9.94% annualized return.
ASX
- 1D
- 1.00%
- 1M
- 13.87%
- YTD
- 139.13%
- 6M
- 147.11%
- 1Y
- 296.98%
- 3Y*
- 70.69%
- 5Y*
- 42.42%
- 10Y*
- 27.37%
EWL
- 1D
- 0.08%
- 1M
- 2.68%
- YTD
- 4.69%
- 6M
- 6.28%
- 1Y
- 15.82%
- 3Y*
- 12.00%
- 5Y*
- 6.54%
- 10Y*
- 9.94%
ASX vs. EWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASX ASE Technology Holding Co., Ltd. | 139.13% | 65.68% | 10.14% | 60.87% | -12.75% | 38.25% | 8.13% | 53.97% | -37.08% | 31.93% |
EWL iShares MSCI Switzerland ETF | 4.69% | 32.92% | -2.80% | 17.67% | -18.89% | 20.20% | 11.80% | 31.58% | -9.21% | 23.34% |
Correlation
The correlation between ASX and EWL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000 | 0.34 |
The correlation between ASX and EWL shifts across timeframes, from 0.25 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASX vs. EWL — Risk / Return Rank
ASX
EWL
ASX vs. EWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASE Technology Holding Co., Ltd. (ASX) and iShares MSCI Switzerland ETF (EWL). 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.
| ASX | EWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.18 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 17.80 | 1.18 | +16.62 |
| Martin ratioReturn relative to average drawdown | 46.76 | 3.78 | +42.98 |
Loading charts...
Drawdowns
ASX vs. EWL - Drawdown Comparison
The maximum ASX drawdown since its inception was -78.05%, which is greater than EWL's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for ASX and EWL.
Loading charts...
Drawdown Indicators
| ASX | EWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.05% | -51.62% | -26.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -13.48% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -40.64% | -13.48% | -27.16% |
Max Drawdown (5Y)Largest decline over 5 years | -45.99% | -28.99% | -17.00% |
Max Drawdown (10Y)Largest decline over 10 years | -54.17% | -28.99% | -25.18% |
Current DrawdownCurrent decline from peak | -5.17% | -3.55% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -22.56% | -11.08% | -11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 4.20% | +2.19% |
Volatility
ASX vs. EWL - Volatility Comparison
ASE Technology Holding Co., Ltd. (ASX) has a higher volatility of 24.10% compared to iShares MSCI Switzerland ETF (EWL) at 5.12%. This indicates that ASX's price experiences larger fluctuations and is considered to be riskier than EWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ASX | EWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.10% | 5.12% | +18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 36.65% | 12.70% | +23.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.32% | 15.94% | +30.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.21% | 16.14% | +24.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.60% | 16.47% | +22.13% |
Dividends
ASX vs. EWL - Dividend Comparison
ASX's dividend yield for the trailing twelve months is around 0.93%, less than EWL's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASX ASE Technology Holding Co., Ltd. | 0.93% | 2.23% | 3.19% | 6.07% | 7.64% | 3.86% | 2.34% | 2.88% | 14.19% | 2.51% | 3.63% | 4.00% |
EWL iShares MSCI Switzerland ETF | 3.43% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
Frequently Asked Questions
ASX and EWL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASX has higher volatility (24.10%) compared to EWL (5.12%). In terms of maximum drawdown, ASX dropped -78.05% vs EWL's -51.62%.
ASX currently has the higher Sharpe Ratio (6.47 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ASX and EWL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer