DE vs. EWP
DE (Deere & Company) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, DE returned 22.92%/yr vs 11.50%/yr for EWP. At a 0.37 correlation, their price movements are largely independent.
Performance
DE vs. EWP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DE achieves a 23.58% return, which is significantly higher than EWP's 5.10% return. Over the past 10 years, DE has outperformed EWP with an annualized return of 22.92%, while EWP has yielded a comparatively lower 11.50% annualized return.
DE
- 1D
- -1.68%
- 1M
- -0.21%
- YTD
- 23.58%
- 6M
- 23.80%
- 1Y
- 11.77%
- 3Y*
- 16.44%
- 5Y*
- 11.88%
- 10Y*
- 22.92%
EWP
- 1D
- -0.23%
- 1M
- -1.00%
- YTD
- 5.10%
- 6M
- 9.82%
- 1Y
- 33.13%
- 3Y*
- 30.85%
- 5Y*
- 16.75%
- 10Y*
- 11.50%
DE vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DE Deere & Company | 23.58% | 11.39% | 7.56% | -5.48% | 26.59% | 28.86% | 57.96% | 18.30% | -2.90% | 54.83% |
EWP iShares MSCI Spain ETF | 5.10% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
Correlation
The correlation between DE and EWP is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 1996 | 0.37 |
The correlation between DE and EWP shifts across timeframes, from 0.27 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DE vs. EWP — Risk / Return Rank
DE
EWP
DE vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deere & Company (DE) and iShares MSCI Spain ETF (EWP). 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.
| DE | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.92 | -2.33 |
| Martin ratioReturn relative to average drawdown | 1.25 | 10.37 | -9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DE | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.77 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.83 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.52 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.31 | +0.07 |
Drawdowns
DE vs. EWP - Drawdown Comparison
The maximum DE drawdown since its inception was -73.27%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for DE and EWP.
Loading charts...
Drawdown Indicators
| DE | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.27% | -61.19% | -12.08% |
Max Drawdown (1Y)Largest decline over 1 year | -19.90% | -11.38% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -12.19% | -9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -33.81% | -33.91% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.91% | -46.36% | +8.45% |
Current DrawdownCurrent decline from peak | -13.16% | -2.96% | -10.20% |
Average DrawdownAverage peak-to-trough decline | -18.62% | -21.43% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 3.20% | +6.23% |
Volatility
DE vs. EWP - Volatility Comparison
Deere & Company (DE) has a higher volatility of 10.22% compared to iShares MSCI Spain ETF (EWP) at 5.07%. This indicates that DE's price experiences larger fluctuations and is considered to be riskier than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DE | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.22% | 5.07% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 24.32% | 15.70% | +8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.89% | 18.79% | +11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.38% | 20.25% | +9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 22.24% | +8.15% |
Dividends
DE vs. EWP - Dividend Comparison
DE's dividend yield for the trailing twelve months is around 1.13%, less than EWP's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE Deere & Company | 1.13% | 1.39% | 1.42% | 1.33% | 1.05% | 1.14% | 1.13% | 1.75% | 1.84% | 1.53% | 2.33% | 3.15% |
EWP iShares MSCI Spain ETF | 2.16% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
Frequently Asked Questions
DE and EWP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DE has higher volatility (10.22%) compared to EWP (5.07%). In terms of maximum drawdown, DE dropped -73.27% vs EWP's -61.19%.
EWP currently has the higher Sharpe Ratio (1.77 vs 0.40), 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.
Find the right allocation for DE and EWP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer