AXS vs. EWY
AXS (AXIS Capital Holdings Limited) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 10 years, AXS returned 10.32%/yr vs 16.60%/yr for EWY. At a 0.26 correlation, their price movements are largely independent.
Performance
AXS vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, AXS achieves a -0.85% return, which is significantly lower than EWY's 97.70% return. Over the past 10 years, AXS has underperformed EWY with an annualized return of 10.32%, while EWY has yielded a comparatively higher 16.60% annualized return.
AXS
- 1D
- 2.25%
- 1M
- 5.78%
- YTD
- -0.85%
- 6M
- -2.35%
- 1Y
- 3.66%
- 3Y*
- 28.31%
- 5Y*
- 19.53%
- 10Y*
- 10.32%
EWY
- 1D
- -12.25%
- 1M
- 5.59%
- YTD
- 97.70%
- 6M
- 107.34%
- 1Y
- 183.08%
- 3Y*
- 48.30%
- 5Y*
- 17.96%
- 10Y*
- 16.60%
AXS vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | -0.85% | 22.96% | 63.90% | 5.57% | 2.63% | 11.81% | -11.92% | 18.26% | 5.75% | -20.96% |
EWY iShares MSCI South Korea ETF | 97.70% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between AXS and EWY is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2003 | 0.26 |
The correlation between AXS and EWY shifts across timeframes, from -0.23 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AXS vs. EWY — Risk / Return Rank
AXS
EWY
AXS vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXIS Capital Holdings Limited (AXS) 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.
| AXS | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.54 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 7.98 | -7.73 |
| Martin ratioReturn relative to average drawdown | 0.54 | 27.66 | -27.12 |
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Drawdowns
AXS vs. EWY - Drawdown Comparison
The maximum AXS drawdown since its inception was -55.93%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for AXS and EWY.
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Drawdown Indicators
| AXS | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.93% | -74.14% | +18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -23.08% | +8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -27.36% | +10.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -48.55% | +29.56% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -49.73% | +0.42% |
Current DrawdownCurrent decline from peak | -2.35% | -12.32% | +9.97% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -20.10% | +7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 6.65% | +0.13% |
Volatility
AXS vs. EWY - Volatility Comparison
The current volatility for AXIS Capital Holdings Limited (AXS) is 8.23%, while iShares MSCI South Korea ETF (EWY) has a volatility of 29.47%. This indicates that AXS 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
| AXS | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 29.47% | -21.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 45.53% | -29.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 49.00% | -26.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 31.00% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 28.43% | -1.84% |
Dividends
AXS vs. EWY - Dividend Comparison
AXS's dividend yield for the trailing twelve months is around 1.66%, more than EWY's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | 1.66% | 1.64% | 1.99% | 3.18% | 3.19% | 3.10% | 3.27% | 2.71% | 3.04% | 3.04% | 2.19% | 2.17% |
EWY iShares MSCI South Korea ETF | 1.06% | 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
AXS and EWY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (29.47%) compared to AXS (8.23%). In terms of maximum drawdown, AXS dropped -55.93% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (3.76 vs 0.16), 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.
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