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DVYA vs. EWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVYA vs. EWM

Last updated Aug 4, 2026
Documentation

DVYA (iShares Asia/Pacific Dividend ETF) and EWM (iShares MSCI Malaysia ETF) are both Asia Pacific Equities funds from iShares - DVYA tracks the Dow Jones Asia/Pacific Select Dividend 30 Index while EWM tracks the MSCI Malaysia Index. Both are passively managed. Over the past 10 years, DVYA returned 6.57%/yr vs 2.51%/yr for EWM. Their 0.55 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.49% expense ratio.

Performance

DVYA vs. EWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and iShares MSCI Malaysia ETF (EWM). 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 17.53% return, which is significantly higher than EWM's 4.87% return. Over the past 10 years, DVYA has outperformed EWM with an annualized return of 6.57%, while EWM has yielded a comparatively lower 2.51% annualized return.

DVYA

1D
-0.65%
1M
6.67%
6M
7.83%
YTD
17.53%
1Y
33.61%
3Y*
21.36%
5Y*
11.40%
10Y*
6.57%
ALL TIME*
5.46%

EWM

1D
0.11%
1M
4.23%
6M
-2.14%
YTD
4.87%
1Y
21.56%
3Y*
13.59%
5Y*
6.70%
10Y*
2.51%
ALL TIME*
1.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVYA

iShares Asia/Pacific Dividend ETF
$231.55K$344.93K$287.92K

EWM

iShares MSCI Malaysia ETF
$7.74M$6.46M$7.58M

DVYA vs. EWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DVYA
iShares Asia/Pacific Dividend ETF		17.53%30.22%6.05%13.75%-2.17%3.41%-9.61%14.70%-14.87%16.99%
EWM
iShares MSCI Malaysia ETF		4.87%15.74%19.46%-3.61%-6.00%-7.40%3.12%-1.41%-6.28%24.25%

Correlation

The correlation between DVYA and EWM is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.56

Correlation (3Y)
Balances recent behavior with more history.

0.52

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.52

Correlation (10Y)
Provides a long-term view across more market conditions.

0.52

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2012

0.55

The correlation between DVYA and EWM has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

DVYA vs. EWM - Sectors Allocation Comparison

Sectors
DVYA
EWM

Financial Services

34.1%
51.8%

Basic Materials

15.4%
8.8%

Consumer Cyclical

10.9%
1.1%

Real Estate

9.6%

-

Industrials

6.3%
9.9%

Energy

5.0%
2.9%

Consumer Defensive

4.8%
7.3%

Communication Services

4.3%
5.3%

Utilities

4.2%
10.8%

Healthcare

3.7%
3.1%

Technology

1.6%

-

Financial Services

DVYA
34.1%
EWM
51.8%

Basic Materials

DVYA
15.4%
EWM
8.8%

Consumer Cyclical

DVYA
10.9%
EWM
1.1%

Real Estate

DVYA
9.6%
EWM

-

Industrials

DVYA
6.3%
EWM
9.9%

Energy

DVYA
5.0%
EWM
2.9%

Consumer Defensive

DVYA
4.8%
EWM
7.3%

Communication Services

DVYA
4.3%
EWM
5.3%

Utilities

DVYA
4.2%
EWM
10.8%

Healthcare

DVYA
3.7%
EWM
3.1%

Technology

DVYA
1.6%
EWM

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Asia/Pacific Dividend ETF

iShares MSCI Malaysia ETF

Often compared with DVYA:
DVYA vs. VYMDVYA vs. DVYEDVYA vs. IDVDVYA vs. CNDVYA vs. BBCADVYA vs. EPDPXDVYA vs. DVY
Often compared with EWM:
EWM vs. EIDOEWM vs. EWYEWM vs. EWTEWM vs. EPIEWM vs. VOOEWM vs. AAXJEWM vs. SCHD

Return for Risk

DVYA vs. EWM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DVYA
DVYA Risk / Return Rank: 9090
Overall Rank
DVYA Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DVYA Sortino Ratio Rank: 9292
Sortino Ratio Rank
DVYA Omega Ratio Rank: 9191
Omega Ratio Rank
DVYA Calmar Ratio Rank: 9090
Calmar Ratio Rank
DVYA Martin Ratio Rank: 8383
Martin Ratio Rank
EWM
EWM Risk / Return Rank: 5757
Overall Rank
EWM Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EWM Sortino Ratio Rank: 6262
Sortino Ratio Rank
EWM Omega Ratio Rank: 5858
Omega Ratio Rank
EWM Calmar Ratio Rank: 5555
Calmar Ratio Rank
EWM Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVYA vs. EWM - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DVYAEWMDifference
Sharpe ratioReturn per unit of total volatility
2.54
1.54

+1.00

Sortino ratioReturn per unit of downside risk
3.41
2.17

+1.24

Omega ratioGain probability vs. loss probability

1.44

1.26

+0.18

Calmar ratioReturn relative to maximum drawdown

3.91

2.04

+1.87

Martin ratioReturn relative to average drawdown

11.58

5.39

+6.19

DVYA vs. EWM - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 2.54, which is higher than the EWM Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of DVYA and EWM, 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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Drawdowns

DVYA vs. EWM - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, smaller than the maximum EWM drawdown of -89.19%. Use the drawdown chart below to compare losses from any high point for DVYA and EWM.

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Drawdown Indicators

DVYAEWMDifference

Max Drawdown

Largest peak-to-trough decline

-45.61%

-89.19%

+43.58%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-10.61%

+1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-19.15%

-21.31%

+2.16%

Max Drawdown (5Y)

Largest decline over 5 years

-25.18%

-22.76%

-2.42%

Max Drawdown (10Y)

Largest decline over 10 years

-45.61%

-43.81%

-1.80%

Current Drawdown

Current decline from peak

-1.78%

-7.32%

+5.54%

Average Drawdown

Average peak-to-trough decline

-9.99%

-31.70%

+21.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

4.01%

-1.10%

Volatility

DVYA vs. EWM - Volatility Comparison

iShares Asia/Pacific Dividend ETF (DVYA) and iShares MSCI Malaysia ETF (EWM) have volatilities of 3.43% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DVYAEWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

3.61%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

10.62%

10.74%

-0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

14.14%

-0.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.15%

13.79%

+1.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.41%

16.16%

+1.25%

DVYA vs. EWM - Expense Ratio Comparison

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

Dividends

DVYA vs. EWM - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.41%, more than EWM's 3.55% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYA
iShares Asia/Pacific Dividend ETF		4.41%4.71%5.97%6.48%7.29%5.81%3.66%5.52%6.24%4.74%4.79%5.33%
EWM
iShares MSCI Malaysia ETF		3.55%3.41%3.32%3.47%3.00%6.48%1.89%2.91%3.84%5.58%5.97%37.54%

Frequently Asked Questions

DVYA and EWM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWM has higher volatility (3.61%) compared to DVYA (3.43%). In terms of maximum drawdown, DVYA dropped -45.61% vs EWM's -89.19%.

On 10-year performance, DVYA leads with 6.57% vs 2.51% for EWM. Both ETFs have the same 0.49% expense ratio. On volatility, DVYA has been the lower-risk option at 3.43%. 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 6.57% return vs 2.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

DVYA has the higher dividend yield at 4.41%, compared with 3.55% for EWM.

DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while EWM tracks MSCI Malaysia Index.

DVYA currently has the higher Sharpe Ratio (2.54 vs 1.53), 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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