CNDA vs. EWC
Compare and contrast key facts about Concord Acquisition Corp II (CNDA) and iShares MSCI Canada ETF (EWC).
EWC is a passively managed fund by iShares that tracks the performance of the MSCI Canada Index. It was launched on Mar 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNDA or EWC.
Key characteristics
| CNDA | EWC | |
|---|---|---|
| YTD Return | 0.48% | 15.22% |
| 1Y Return | 1.16% | 28.66% |
| 3Y Return (Ann) | 0.46% | 3.86% |
| Sharpe Ratio | -0.25 | 2.16 |
| Sortino Ratio | -0.30 | 2.95 |
| Omega Ratio | 0.86 | 1.38 |
| Calmar Ratio | 0.07 | 1.88 |
| Martin Ratio | -0.77 | 15.21 |
| Ulcer Index | 1.62% | 1.91% |
| Daily Std Dev | 6.11% | 13.51% |
| Max Drawdown | -4.78% | -60.75% |
| Current Drawdown | -2.98% | -0.69% |
Correlation
The correlation between CNDA and EWC is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CNDA vs. EWC - Performance Comparison
In the year-to-date period, CNDA achieves a 0.48% return, which is significantly lower than EWC's 15.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CNDA vs. EWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Concord Acquisition Corp II (CNDA) and iShares MSCI Canada ETF (EWC). 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.
Dividends
CNDA vs. EWC - Dividend Comparison
CNDA has not paid dividends to shareholders, while EWC's dividend yield for the trailing twelve months is around 1.99%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDA Concord Acquisition Corp II | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWC iShares MSCI Canada ETF | 1.99% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% | 2.15% | 2.37% |
Drawdowns
CNDA vs. EWC - Drawdown Comparison
The maximum CNDA drawdown since its inception was -4.78%, smaller than the maximum EWC drawdown of -60.75%. Use the drawdown chart below to compare losses from any high point for CNDA and EWC. For additional features, visit the drawdowns tool.
Volatility
CNDA vs. EWC - Volatility Comparison
The current volatility for Concord Acquisition Corp II (CNDA) is 0.21%, while iShares MSCI Canada ETF (EWC) has a volatility of 3.32%. This indicates that CNDA experiences smaller price fluctuations and is considered to be less risky than EWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.