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BWLP vs. EWJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BWLP vs. EWJ

Last updated Jun 5, 2026

BWLP (BW LPG Limited) is a stock, while EWJ (iShares MSCI Japan ETF) is Japan Equities fund tracking the MSCI Japan Index. Over the past 10 years, BWLP returned 65.93%/yr vs 9.28%/yr for EWJ. At a 0.07 correlation, their price movements are largely independent.

Performance

BWLP vs. EWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BW LPG Limited (BWLP) and iShares MSCI Japan ETF (EWJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BWLP achieves a 61.14% return, which is significantly higher than EWJ's 16.58% return. Over the past 10 years, BWLP has outperformed EWJ with an annualized return of 65.93%, while EWJ has yielded a comparatively lower 9.28% annualized return.

BWLP

1D
0.54%
1M
-1.79%
YTD
61.14%
6M
72.42%
1Y
106.84%
3Y*
61.73%
5Y*
123.46%
10Y*
65.93%

EWJ

1D
0.20%
1M
5.46%
YTD
16.58%
6M
16.78%
1Y
32.89%
3Y*
18.51%
5Y*
8.84%
10Y*
9.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BWLP vs. EWJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BWLP
BW LPG Limited		61.14%29.04%0.32%770.27%272.29%3.97%1.05%121.88%7.61%-0.95%
EWJ
iShares MSCI Japan ETF		16.58%25.84%7.03%20.29%-17.72%1.16%15.40%19.34%-14.10%24.27%

Correlation

The correlation between BWLP and EWJ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jan 29, 2014

0.07

Compare stocks, funds, or ETFs

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BW LPG Limited

iShares MSCI Japan ETF

Often compared with BWLP:
BWLP vs. MAERSK-A.COBWLP vs. OROVYBWLP vs. GPIXBWLP vs. WHFBWLP vs. SBLKBWLP vs. ^GDAXIBWLP vs. OWL
Often compared with EWJ:
EWJ vs. DXJEWJ vs. ^N225EWJ vs. EWJVEWJ vs. EWYEWJ vs. FLJPEWJ vs. HEWJEWJ vs. JPXN

Return for Risk

BWLP vs. EWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BWLP
BWLP Risk / Return Rank: 9090
Overall Rank
BWLP Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
BWLP Sortino Ratio Rank: 9191
Sortino Ratio Rank
BWLP Omega Ratio Rank: 9090
Omega Ratio Rank
BWLP Calmar Ratio Rank: 8888
Calmar Ratio Rank
BWLP Martin Ratio Rank: 8686
Martin Ratio Rank
EWJ
EWJ Risk / Return Rank: 5151
Overall Rank
EWJ Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EWJ Sortino Ratio Rank: 5151
Sortino Ratio Rank
EWJ Omega Ratio Rank: 5252
Omega Ratio Rank
EWJ Calmar Ratio Rank: 5050
Calmar Ratio Rank
EWJ Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BWLP vs. EWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BW LPG Limited (BWLP) and iShares MSCI Japan ETF (EWJ). 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.

BWLPEWJDifference
Sharpe ratioReturn per unit of total volatility
2.88
1.70

+1.18

Sortino ratioReturn per unit of downside risk
3.30
2.45

+0.85

Omega ratioGain probability vs. loss probability

1.43

1.32

+0.11

Calmar ratioReturn relative to maximum drawdown

4.13

2.43

+1.70

Martin ratioReturn relative to average drawdown

9.11

8.23

+0.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWLP vs. EWJ - Sharpe Ratio Comparison

The current BWLP Sharpe Ratio is 2.88, which is higher than the EWJ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of BWLP and EWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BWLPEWJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.88

1.70

+1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.16

0.49

+0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.54

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.11

+0.51

Drawdowns

BWLP vs. EWJ - Drawdown Comparison

The maximum BWLP drawdown since its inception was -68.80%, which is greater than EWJ's maximum drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for BWLP and EWJ.

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Drawdown Indicators

BWLPEWJDifference

Max Drawdown

Largest peak-to-trough decline

-68.80%

-60.93%

-7.87%

Max Drawdown (1Y)

Largest decline over 1 year

-26.04%

-13.59%

-12.45%

Max Drawdown (3Y)

Largest decline over 3 years

-54.28%

-14.68%

-39.60%

Max Drawdown (5Y)

Largest decline over 5 years

-54.28%

-33.14%

-21.14%

Max Drawdown (10Y)

Largest decline over 10 years

-68.80%

-33.14%

-35.66%

Current Drawdown

Current decline from peak

-10.08%

0.00%

-10.08%

Average Drawdown

Average peak-to-trough decline

-20.72%

-21.74%

+1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.77%

4.01%

+7.76%

Volatility

BWLP vs. EWJ - Volatility Comparison

BW LPG Limited (BWLP) has a higher volatility of 10.52% compared to iShares MSCI Japan ETF (EWJ) at 4.21%. This indicates that BWLP's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BWLPEWJDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.52%

4.21%

+6.31%

Volatility (6M)

Calculated over the trailing 6-month period

28.21%

15.02%

+13.19%

Volatility (1Y)

Calculated over the trailing 1-year period

37.38%

19.49%

+17.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

107.07%

18.23%

+88.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

89.65%

17.27%

+72.38%

Dividends

BWLP vs. EWJ - Dividend Comparison

BWLP's dividend yield for the trailing twelve months is around 5.85%, more than EWJ's 3.88% yield.

PositionTTM20252024202320222021202020192018201720162015
BWLP
BW LPG Limited		5.85%10.08%33.42%70.60%81.52%24.41%18.45%7.70%0.00%0.00%61.62%31.19%
EWJ
iShares MSCI Japan ETF		3.88%4.52%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%

Frequently Asked Questions

BWLP and EWJ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BWLP has higher volatility (10.52%) compared to EWJ (4.21%). In terms of maximum drawdown, BWLP dropped -68.80% vs EWJ's -60.93%.

BWLP currently has the higher Sharpe Ratio (2.88 vs 1.70), 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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