ECO vs. EWZ
ECO (Okeanis Eco Tankers Corp) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past year, ECO returned 156.80% vs 36.37% for EWZ. At a 0.17 correlation, their price movements are largely independent.
Performance
ECO vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, ECO achieves a 73.56% return, which is significantly higher than EWZ's 14.17% return.
ECO
- 1D
- 5.19%
- 1M
- 10.41%
- 6M
- 54.36%
- YTD
- 73.56%
- 1Y
- 156.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWZ
- 1D
- 2.77%
- 1M
- 4.20%
- 6M
- 9.71%
- YTD
- 14.17%
- 1Y
- 36.37%
- 3Y*
- 10.52%
- 5Y*
- 6.56%
- 10Y*
- 6.86%
ECO vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ECO Okeanis Eco Tankers Corp | 73.56% | 71.94% | -11.70% | -1.25% |
EWZ iShares MSCI Brazil ETF | 14.17% | 48.81% | -30.41% | 7.74% |
Correlation
The correlation between ECO and EWZ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2023 | 0.17 |
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Return for Risk
ECO vs. EWZ — Risk / Return Rank
ECO
EWZ
ECO vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Okeanis Eco Tankers Corp (ECO) and iShares MSCI Brazil ETF (EWZ). 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.
| ECO | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 9.25 | 1.85 | +7.40 |
| Martin ratioReturn relative to average drawdown | 25.78 | 4.94 | +20.84 |
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Drawdowns
ECO vs. EWZ - Drawdown Comparison
The maximum ECO drawdown since its inception was -46.15%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for ECO and EWZ.
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Drawdown Indicators
| ECO | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.15% | -77.25% | +31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -17.66% | -19.27% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.99% | — |
Current DrawdownCurrent decline from peak | -3.00% | -20.49% | +17.49% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -35.90% | +21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 7.20% | -0.87% |
Volatility
ECO vs. EWZ - Volatility Comparison
Okeanis Eco Tankers Corp (ECO) has a higher volatility of 15.55% compared to iShares MSCI Brazil ETF (EWZ) at 5.74%. This indicates that ECO's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECO | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 5.74% | +9.81% |
Volatility (6M)Calculated over the trailing 6-month period | 31.07% | 19.70% | +11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.32% | 24.98% | +16.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.27% | 27.60% | +14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.27% | 33.90% | +8.37% |
Dividends
ECO vs. EWZ - Dividend Comparison
ECO's dividend yield for the trailing twelve months is around 9.10%, more than EWZ's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECO Okeanis Eco Tankers Corp | 9.10% | 6.26% | 15.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWZ iShares MSCI Brazil ETF | 4.07% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
Frequently Asked Questions
ECO and EWZ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECO has higher volatility (15.55%) compared to EWZ (5.74%). In terms of maximum drawdown, ECO dropped -46.15% vs EWZ's -77.25%.
ECO currently has the higher Sharpe Ratio (3.96 vs 1.43), 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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