AZO vs. EWY
AZO (AutoZone, Inc.) 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, AZO returned 15.09%/yr vs 16.82%/yr for EWY. At a 0.24 correlation, their price movements are largely independent.
Performance
AZO vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, AZO achieves a -9.13% return, which is significantly lower than EWY's 109.80% return. Over the past 10 years, AZO has underperformed EWY with an annualized return of 15.09%, while EWY has yielded a comparatively higher 16.82% annualized return.
AZO
- 1D
- 0.66%
- 1M
- -12.96%
- YTD
- -9.13%
- 6M
- -19.75%
- 1Y
- -17.09%
- 3Y*
- 9.62%
- 5Y*
- 17.31%
- 10Y*
- 15.09%
EWY
- 1D
- -4.22%
- 1M
- 17.58%
- YTD
- 109.80%
- 6M
- 127.01%
- 1Y
- 225.96%
- 3Y*
- 49.84%
- 5Y*
- 19.28%
- 10Y*
- 16.82%
AZO vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | -9.13% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
EWY iShares MSCI South Korea ETF | 109.80% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between AZO and EWY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 15, 2000 | 0.24 |
The correlation between AZO and EWY shifts across timeframes, from -0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AZO vs. EWY — Risk / Return Rank
AZO
EWY
AZO vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) 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.
| AZO | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.66 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.69 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 9.86 | -10.38 |
| Martin ratioReturn relative to average drawdown | -1.15 | 36.63 | -37.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AZO | EWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 5.38 | -6.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.67 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.62 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.33 | +0.30 |
Drawdowns
AZO vs. EWY - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for AZO and EWY.
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Drawdown Indicators
| AZO | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -74.14% | +27.82% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -23.08% | -9.51% |
Max Drawdown (3Y)Largest decline over 3 years | -32.59% | -27.36% | -5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -48.55% | +15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | -49.73% | +7.59% |
Current DrawdownCurrent decline from peak | -29.22% | -5.87% | -23.35% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -20.12% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.86% | 6.20% | +8.66% |
Volatility
AZO vs. EWY - Volatility Comparison
The current volatility for AutoZone, Inc. (AZO) is 11.28%, while iShares MSCI South Korea ETF (EWY) has a volatility of 20.44%. This indicates that AZO 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
| AZO | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.28% | 20.44% | -9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 22.87% | 37.73% | -14.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.10% | 42.37% | -15.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.44% | 28.89% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.46% | 27.40% | -0.94% |
Dividends
AZO vs. EWY - Dividend Comparison
AZO has not paid dividends to shareholders, while EWY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWY iShares MSCI South Korea ETF | 1.00% | 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
AZO and EWY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (20.44%) compared to AZO (11.28%). In terms of maximum drawdown, AZO dropped -46.32% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (5.38 vs -0.63), 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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