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DVYA vs. EWH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVYA vs. EWH

Last updated Jun 4, 2026

DVYA (iShares Asia/Pacific Dividend ETF) and EWH (iShares MSCI Hong Kong ETF) are both Asia Pacific Equities funds from iShares - DVYA tracks the Dow Jones Asia/Pacific Select Dividend 30 Index while EWH tracks the MSCI Hong Kong Index. Both are passively managed. Over the past 10 years, DVYA returned 7.30%/yr vs 4.93%/yr for EWH. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

DVYA vs. EWH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and iShares MSCI Hong Kong ETF (EWH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DVYA achieves a 13.35% return, which is significantly higher than EWH's 7.34% return. Over the past 10 years, DVYA has outperformed EWH with an annualized return of 7.30%, while EWH has yielded a comparatively lower 4.93% annualized return.

DVYA

1D
-0.86%
1M
0.51%
YTD
13.35%
6M
13.63%
1Y
39.49%
3Y*
21.73%
5Y*
9.88%
10Y*
7.30%

EWH

1D
-1.55%
1M
-2.69%
YTD
7.34%
6M
5.91%
1Y
24.11%
3Y*
9.92%
5Y*
0.04%
10Y*
4.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DVYA vs. EWH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DVYA
iShares Asia/Pacific Dividend ETF		13.35%30.22%6.05%13.75%-2.17%3.41%-9.61%14.70%-14.87%16.99%
EWH
iShares MSCI Hong Kong ETF		7.34%34.50%0.00%-13.87%-6.81%-3.49%4.17%10.74%-8.76%36.46%

Correlation

The correlation between DVYA and EWH is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.73

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

0.69

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

0.67

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

0.66

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2012

0.63

The correlation between DVYA and EWH has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.

DVYA vs. EWH - Sectors Allocation Comparison

Sectors
DVYA
EWH

Financial Services

30.9%
45.4%

Basic Materials

16.1%

-

Consumer Cyclical

10.9%
3.7%

Real Estate

10.6%
18.7%

Industrials

7.1%
16.6%

Consumer Defensive

5.2%
2.7%

Energy

5.0%

-

Communication Services

4.7%
1.7%

Utilities

4.5%
11.2%

Healthcare

3.5%

-

Technology

1.6%

-

Financial Services

DVYA
30.9%
EWH
45.4%

Basic Materials

DVYA
16.1%
EWH

-

Consumer Cyclical

DVYA
10.9%
EWH
3.7%

Real Estate

DVYA
10.6%
EWH
18.7%

Industrials

DVYA
7.1%
EWH
16.6%

Consumer Defensive

DVYA
5.2%
EWH
2.7%

Energy

DVYA
5.0%
EWH

-

Communication Services

DVYA
4.7%
EWH
1.7%

Utilities

DVYA
4.5%
EWH
11.2%

Healthcare

DVYA
3.5%
EWH

-

Technology

DVYA
1.6%
EWH

-

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iShares Asia/Pacific Dividend ETF

iShares MSCI Hong Kong ETF

Often compared with DVYA:
DVYA vs. VYMDVYA vs. DVYEDVYA vs. IDVDVYA vs. VWIDDVYA vs. CNDVYA vs. EPDPXDVYA vs. BBCA
Often compared with EWH:
EWH vs. MCHIEWH vs. FXIEWH vs. EWSEWH vs. EWYEWH vs. EWTEWH vs. EWJEWH vs. EPP

Return for Risk

DVYA vs. EWH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DVYA
DVYA Risk / Return Rank: 8585
Overall Rank
DVYA Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DVYA Sortino Ratio Rank: 8888
Sortino Ratio Rank
DVYA Omega Ratio Rank: 8585
Omega Ratio Rank
DVYA Calmar Ratio Rank: 8484
Calmar Ratio Rank
DVYA Martin Ratio Rank: 8282
Martin Ratio Rank
EWH
EWH Risk / Return Rank: 4646
Overall Rank
EWH Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EWH Sortino Ratio Rank: 4141
Sortino Ratio Rank
EWH Omega Ratio Rank: 3939
Omega Ratio Rank
EWH Calmar Ratio Rank: 6262
Calmar Ratio Rank
EWH Martin Ratio Rank: 4747
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.

DVYA vs. EWH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) and iShares MSCI Hong Kong ETF (EWH). 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.

DVYAEWHDifference
Sharpe ratioReturn per unit of total volatility
3.05
1.49

+1.56

Sortino ratioReturn per unit of downside risk
4.06
2.13

+1.93

Omega ratioGain probability vs. loss probability

1.53

1.26

+0.27

Calmar ratioReturn relative to maximum drawdown

4.59

3.10

+1.49

Martin ratioReturn relative to average drawdown

16.66

7.81

+8.85

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

DVYA vs. EWH - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 3.05, which is higher than the EWH Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of DVYA and EWH, 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

DVYAEWHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.05

1.49

+1.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.00

+0.66

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.25

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.18

+0.12

Drawdowns

DVYA vs. EWH - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, smaller than the maximum EWH drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for DVYA and EWH.

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Drawdown Indicators

DVYAEWHDifference

Max Drawdown

Largest peak-to-trough decline

-45.61%

-66.44%

+20.83%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-7.81%

-0.83%

Max Drawdown (3Y)

Largest decline over 3 years

-19.15%

-24.93%

+5.78%

Max Drawdown (5Y)

Largest decline over 5 years

-25.37%

-41.46%

+16.09%

Max Drawdown (10Y)

Largest decline over 10 years

-45.61%

-42.71%

-2.90%

Current Drawdown

Current decline from peak

-3.11%

-7.09%

+3.98%

Average Drawdown

Average peak-to-trough decline

-10.06%

-19.48%

+9.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

3.09%

-0.71%

Volatility

DVYA vs. EWH - Volatility Comparison

The current volatility for iShares Asia/Pacific Dividend ETF (DVYA) is 3.94%, while iShares MSCI Hong Kong ETF (EWH) has a volatility of 5.00%. This indicates that DVYA experiences smaller price fluctuations and is considered to be less risky than EWH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DVYAEWHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

5.00%

-1.06%

Volatility (6M)

Calculated over the trailing 6-month period

10.44%

11.71%

-1.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.00%

16.26%

-3.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.08%

20.00%

-4.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

19.55%

-2.00%

DVYA vs. EWH - Expense Ratio Comparison

Both DVYA and EWH have an expense ratio of 0.49%.

Dividends

DVYA vs. EWH - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.33%, less than EWH's 4.84% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYA
iShares Asia/Pacific Dividend ETF		4.33%4.71%5.97%6.48%7.29%5.81%3.66%5.52%6.24%4.74%4.79%5.33%
EWH
iShares MSCI Hong Kong ETF		4.84%5.20%4.17%4.28%2.91%2.78%2.56%2.71%2.93%4.35%3.08%2.63%

Frequently Asked Questions

DVYA and EWH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWH has higher volatility (5.00%) compared to DVYA (3.94%). In terms of maximum drawdown, DVYA dropped -45.61% vs EWH's -66.44%.

On 10-year performance, DVYA leads with 7.30% vs 4.93% for EWH. Both ETFs have the same 0.49% expense ratio. On volatility, DVYA has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DVYA has performed better with a 7.30% return vs 4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DVYA and EWH have the same expense ratio: 0.49% per year.

EWH has the higher dividend yield at 4.84%, compared with 4.33% for DVYA.

DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while EWH tracks MSCI Hong Kong Index.

DVYA currently has the higher Sharpe Ratio (3.05 vs 1.49), 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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