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ECH vs. SPYG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECH vs. SPYG

Last updated Aug 2, 2026
Documentation

ECH (iShares MSCI Chile ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - ECH is a Latin America Equities fund tracking the MSCI Chile Investable Market Index, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, ECH returned 3.52%/yr vs 17.38%/yr for SPYG. Their 0.47 correlation means their historical movements had little consistent relationship. ECH charges 0.59%/yr vs 0.04%/yr for SPYG.

Performance

ECH vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Chile ETF (ECH) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECH achieves a -1.11% return, which is significantly lower than SPYG's 10.06% return. Over the past 10 years, ECH has underperformed SPYG with an annualized return of 3.52%, while SPYG has yielded a comparatively higher 17.38% annualized return.

ECH

1D
-1.23%
1M
0.51%
6M
-11.69%
YTD
-1.11%
1Y
33.73%
3Y*
11.11%
5Y*
12.16%
10Y*
3.52%
ALL TIME*
1.35%

SPYG

1D
1.45%
1M
-0.05%
6M
9.50%
YTD
10.06%
1Y
21.72%
3Y*
24.04%
5Y*
13.28%
10Y*
17.38%
ALL TIME*
7.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

ECH

iShares MSCI Chile ETF
$9.62M$13.53M$17.14M

SPYG

State Street SPDR Portfolio S&P 500 Growth ETF
$321.11M$273.47M$308.09M

ECH vs. SPYG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ECH
iShares MSCI Chile ETF		-1.11%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		10.06%22.09%35.99%30.02%-29.41%32.01%33.46%30.84%-0.12%27.24%

Correlation

The correlation between ECH and SPYG is 0.50, 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.

0.50

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

0.40

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

0.40

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

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2007

0.47

The correlation between ECH and SPYG shifts across timeframes, from 0.40 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

ECH vs. SPYG - Sectors Allocation Comparison

Sectors
ECH
SPYG

Financial Services

22.9%
8.7%

Basic Materials

18.4%
0.3%

Industrials

16.6%
6.4%

Utilities

13.0%
0.4%

Consumer Cyclical

12.4%
8.6%

Real Estate

7.6%
0.6%

Consumer Defensive

7.5%
1.0%

Communication Services

1.7%
15.6%

Energy

-

0.1%

Healthcare

-

6.2%

Technology

-

52.3%

Financial Services

ECH
22.9%
SPYG
8.7%

Basic Materials

ECH
18.4%
SPYG
0.3%

Industrials

ECH
16.6%
SPYG
6.4%

Utilities

ECH
13.0%
SPYG
0.4%

Consumer Cyclical

ECH
12.4%
SPYG
8.6%

Real Estate

ECH
7.6%
SPYG
0.6%

Consumer Defensive

ECH
7.5%
SPYG
1.0%

Communication Services

ECH
1.7%
SPYG
15.6%

Energy

ECH

-

SPYG
0.1%

Healthcare

ECH

-

SPYG
6.2%

Technology

ECH

-

SPYG
52.3%

Compare stocks, funds, or ETFs

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

iShares MSCI Chile ETF

State Street SPDR Portfolio S&P 500 Growth ETF

Often compared with ECH:
ECH vs. EWZECH vs. EWWECH vs. EPUECH vs. EWZSECH vs. EPOLECH vs. EWYECH vs. SCHD
Often compared with SPYG:
SPYG vs. SPYSPYG vs. SCHGSPYG vs. VOOSPYG vs. VUGSPYG vs. VOOGSPYG vs. SPYMSPYG vs. SPYV

Return for Risk

ECH vs. SPYG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ECH
ECH Risk / Return Rank: 4949
Overall Rank
ECH Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 5454
Sortino Ratio Rank
ECH Omega Ratio Rank: 5252
Omega Ratio Rank
ECH Calmar Ratio Rank: 4949
Calmar Ratio Rank
ECH Martin Ratio Rank: 3535
Martin Ratio Rank
SPYG
SPYG Risk / Return Rank: 4343
Overall Rank
SPYG Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
SPYG Sortino Ratio Rank: 4444
Sortino Ratio Rank
SPYG Omega Ratio Rank: 4141
Omega Ratio Rank
SPYG Calmar Ratio Rank: 4040
Calmar Ratio Rank
SPYG 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.

ECH vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.

ECHSPYGDifference
Sharpe ratioReturn per unit of total volatility
1.35
1.08

+0.27

Sortino ratioReturn per unit of downside risk
1.88
1.58

+0.30

Omega ratioGain probability vs. loss probability

1.23

1.19

+0.04

Calmar ratioReturn relative to maximum drawdown

1.75

1.42

+0.33

Martin ratioReturn relative to average drawdown

3.55

5.17

-1.62

ECH vs. SPYG - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.35, which is comparable to the SPYG Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of ECH and SPYG, 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

ECH vs. SPYG - Drawdown Comparison

The maximum ECH drawdown since its inception was -74.08%, which is greater than SPYG's maximum drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for ECH and SPYG.

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Drawdown Indicators

ECHSPYGDifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-67.63%

-6.45%

Max Drawdown (1Y)

Largest decline over 1 year

-19.74%

-13.76%

-5.98%

Max Drawdown (3Y)

Largest decline over 3 years

-20.51%

-22.14%

+1.63%

Max Drawdown (5Y)

Largest decline over 5 years

-25.59%

-32.67%

+7.08%

Max Drawdown (10Y)

Largest decline over 10 years

-66.89%

-32.67%

-34.22%

Current Drawdown

Current decline from peak

-26.52%

-4.33%

-22.19%

Average Drawdown

Average peak-to-trough decline

-37.41%

-24.20%

-13.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.71%

3.78%

+5.93%

Volatility

ECH vs. SPYG - Volatility Comparison

iShares MSCI Chile ETF (ECH) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 6.38% and 6.08%, 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

ECHSPYGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.38%

6.08%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

21.15%

14.85%

+6.30%

Volatility (1Y)

Calculated over the trailing 1-year period

25.69%

18.18%

+7.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.49%

21.50%

+5.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.22%

20.79%

+6.43%

ECH vs. SPYG - Expense Ratio Comparison

ECH has a 0.59% expense ratio, which is higher than SPYG's 0.04% expense ratio.

Dividends

ECH vs. SPYG - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 2.00%, more than SPYG's 0.49% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		2.00%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		0.49%0.52%0.60%1.15%1.03%0.62%0.90%1.37%1.51%1.41%1.55%1.57%

Frequently Asked Questions

ECH and SPYG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (6.38%) compared to SPYG (6.08%). In terms of maximum drawdown, ECH dropped -74.08% vs SPYG's -67.63%.

On 10-year performance, SPYG leads with 17.38% vs 3.52% for ECH. On fees, SPYG is cheaper at 0.04% per year. On volatility, SPYG has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPYG has performed better with a 17.38% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPYG is cheaper with a 0.04% expense ratio, compared with 0.59% for ECH.

ECH has the higher dividend yield at 2.00%, compared with 0.49% for SPYG.

ECH is categorized as Latin America Equities, while SPYG is S&P 500. ECH tracks MSCI Chile Investable Market Index, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for ECH and 0.04% for SPYG.

ECH currently has the higher Sharpe Ratio (1.35 vs 1.08), 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.

Portfolio Optimizer

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