ECH vs. SPYG

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Chile ETF (ECH) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).

ECH and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECH is a passively managed fund by iShares that tracks the performance of the MSCI Chile Investable Market Index. It was launched on Nov 12, 2007. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both ECH and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

ECH vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ECH iShares MSCI Chile ETF	-1.58%	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	-8.12%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	30.84%	-0.12%	27.24%

Returns By Period

In the year-to-date period, ECH achieves a -1.58% return, which is significantly higher than SPYG's -8.12% return. Over the past 10 years, ECH has underperformed SPYG with an annualized return of 3.93%, while SPYG has yielded a comparatively higher 15.75% annualized return.

ECH

• 1D: 3.87%
• 1M: -8.60%
• YTD: -1.58%
• 6M: 21.06%
• 1Y: 36.70%
• 3Y*: 15.12%
• 5Y*: 7.45%
• 10Y*: 3.93%

SPYG

• 1D: 4.08%
• 1M: -5.34%
• YTD: -8.12%
• 6M: -6.05%
• 1Y: 22.51%
• 3Y*: 21.85%
• 5Y*: 12.24%
• 10Y*: 15.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECH vs. SPYG - Expense Ratio Comparison

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

ECH

iShares MSCI Chile ETF

SPYG

State Street SPDR Portfolio S&P 500 Growth ETF

Return for Risk

ECH vs. SPYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECH

ECH Risk / Return Rank: 73
ECH Sharpe Ratio Rank: 79
ECH Sortino Ratio Rank: 78
ECH Omega Ratio Rank: 72
ECH Calmar Ratio Rank: 74
ECH Martin Ratio Rank: 62

SPYG

SPYG Risk / Return Rank: 66
SPYG Sharpe Ratio Rank: 61
SPYG Sortino Ratio Rank: 66
SPYG Omega Ratio Rank: 65
SPYG Calmar Ratio Rank: 70
SPYG Martin Ratio Rank: 69

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.

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.

	ECH	SPYG	Difference
Sharpe ratio Return per unit of total volatility	1.45	1.01	+0.44
Sortino ratio Return per unit of downside risk	1.96	1.58	+0.37
Omega ratio Gain probability vs. loss probability	1.26	1.22	+0.04
Calmar ratio Return relative to maximum drawdown	1.88	1.66	+0.22
Martin ratio Return relative to average drawdown	5.97	6.54	-0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECH vs. SPYG - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.45, which is higher than the SPYG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of ECH and SPYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ECH	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.01	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.58	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.77	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.31	-0.26

Correlation

The correlation between ECH and SPYG is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ECH vs. SPYG - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 2.05%, more than SPYG's 0.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECH iShares MSCI Chile ETF	2.05%	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	0.58%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

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.

Drawdown Indicators

	ECH	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-74.08%	-67.63%	-6.45%
Max Drawdown (1Y) Largest decline over 1 year	-19.65%	-13.76%	-5.89%
Max Drawdown (5Y) Largest decline over 5 years	-37.17%	-32.67%	-4.50%
Max Drawdown (10Y) Largest decline over 10 years	-66.89%	-32.67%	-34.22%
Current Drawdown Current decline from peak	-26.87%	-10.24%	-16.63%
Average Drawdown Average peak-to-trough decline	-37.65%	-24.48%	-13.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	3.50%	+2.69%

Volatility

ECH vs. SPYG - Volatility Comparison

iShares MSCI Chile ETF (ECH) has a higher volatility of 10.98% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 7.20%. This indicates that ECH's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECH	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.98%	7.20%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	18.99%	12.83%	+6.16%
Volatility (1Y) Calculated over the trailing 1-year period	25.34%	22.39%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.84%	21.13%	+6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.05%	20.57%	+6.48%