BP vs. EWZ
BP (BP p.l.c.) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 10 years, BP returned 9.14%/yr vs 7.53%/yr for EWZ. At a 0.44 correlation, their price movements are largely independent.
Performance
BP vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, BP achieves a 28.98% return, which is significantly higher than EWZ's 6.04% return. Over the past 10 years, BP has outperformed EWZ with an annualized return of 9.14%, while EWZ has yielded a comparatively lower 7.53% annualized return.
BP
- 1D
- 1.75%
- 1M
- 2.03%
- YTD
- 28.98%
- 6M
- 25.19%
- 1Y
- 57.32%
- 3Y*
- 13.14%
- 5Y*
- 15.26%
- 10Y*
- 9.14%
EWZ
- 1D
- -0.94%
- 1M
- -13.88%
- YTD
- 6.04%
- 6M
- 6.47%
- 1Y
- 28.14%
- 3Y*
- 7.95%
- 5Y*
- 3.87%
- 10Y*
- 7.53%
BP vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 28.98% | 24.54% | -11.84% | 6.00% | 37.01% | 36.38% | -41.31% | 5.83% | -4.57% | 20.02% |
EWZ iShares MSCI Brazil ETF | 6.04% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between BP and EWZ is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000 | 0.44 |
Over the past year, the correlation between BP and EWZ has dropped to 0.10 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
BP vs. EWZ — Risk / Return Rank
BP
EWZ
BP vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. (BP) and iShares MSCI Brazil ETF (EWZ). 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.
| BP | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 1.47 | +3.46 |
| Martin ratioReturn relative to average drawdown | 14.19 | 4.96 | +9.23 |
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
| BP | EWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 1.13 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.14 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.22 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.16 | +0.02 |
Drawdowns
BP vs. EWZ - Drawdown Comparison
The maximum BP drawdown since its inception was -74.94%, roughly equal to the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for BP and EWZ.
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Drawdown Indicators
| BP | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.94% | -77.25% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -19.27% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -30.63% | -31.36% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -32.24% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -63.91% | -56.99% | -6.92% |
Current DrawdownCurrent decline from peak | -7.16% | -26.15% | +18.99% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -35.95% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 5.68% | -1.63% |
Volatility
BP vs. EWZ - Volatility Comparison
BP p.l.c. (BP) has a higher volatility of 8.20% compared to iShares MSCI Brazil ETF (EWZ) at 7.32%. This indicates that BP's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BP | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 7.32% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 20.79% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.91% | 25.12% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.61% | 27.68% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.28% | 34.07% | -2.79% |
Dividends
BP vs. EWZ - Dividend Comparison
BP's dividend yield for the trailing twelve months is around 4.57%, less than EWZ's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 4.57% | 5.64% | 6.20% | 4.71% | 3.94% | 4.83% | 9.21% | 6.52% | 6.41% | 5.66% | 6.37% | 7.63% |
EWZ iShares MSCI Brazil ETF | 4.89% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
Frequently Asked Questions
BP and EWZ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BP has higher volatility (8.20%) compared to EWZ (7.32%). In terms of maximum drawdown, BP dropped -74.94% vs EWZ's -77.25%.
BP currently has the higher Sharpe Ratio (2.14 vs 1.13), 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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