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EGO vs. EWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EGO vs. EWY

Last updated Jun 26, 2026

EGO (Eldorado Gold Corporation) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 10 years, EGO returned 3.25%/yr vs 17.60%/yr for EWY. At a 0.22 correlation, their price movements are largely independent.

Performance

EGO vs. EWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eldorado Gold Corporation (EGO) and iShares MSCI South Korea ETF (EWY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EGO achieves a -14.95% return, which is significantly lower than EWY's 110.86% return. Over the past 10 years, EGO has underperformed EWY with an annualized return of 3.25%, while EWY has yielded a comparatively higher 17.60% annualized return.

EGO

1D
2.32%
1M
-6.07%
YTD
-14.95%
6M
-17.05%
1Y
49.16%
3Y*
45.68%
5Y*
24.56%
10Y*
3.25%

EWY

1D
3.92%
1M
2.17%
YTD
110.86%
6M
116.70%
1Y
189.63%
3Y*
51.05%
5Y*
19.35%
10Y*
17.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EGO vs. EWY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EGO
Eldorado Gold Corporation		-14.95%141.56%14.65%55.14%-10.59%-29.54%65.26%178.82%-59.72%-55.28%
EWY
iShares MSCI South Korea ETF		110.86%95.33%-20.48%19.05%-26.59%-7.58%39.43%7.97%-20.37%44.97%

Correlation

The correlation between EGO and EWY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.29

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

0.34

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

0.23

Correlation (All Time)
Calculated using the full available price history since Jan 23, 2003

0.22

The correlation between EGO and EWY shifts across timeframes, from 0.22 (all time) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Eldorado Gold Corporation

iShares MSCI South Korea ETF

Often compared with EGO:
EGO vs. KGCEGO vs. LUG.TOEGO vs. GAUEGO vs. NEMEGO vs. AEMEGO vs. XDWF.DEEGO vs. GDX
Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. EWTEWY vs. QQQEWY vs. EWH

Return for Risk

EGO vs. EWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EGO
EGO Risk / Return Rank: 6767
Overall Rank
EGO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
EGO Sortino Ratio Rank: 6666
Sortino Ratio Rank
EGO Omega Ratio Rank: 6666
Omega Ratio Rank
EGO Calmar Ratio Rank: 6666
Calmar Ratio Rank
EGO Martin Ratio Rank: 6666
Martin Ratio Rank
EWY
EWY Risk / Return Rank: 9595
Overall Rank
EWY Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 9191
Sortino Ratio Rank
EWY Omega Ratio Rank: 9393
Omega Ratio Rank
EWY Calmar Ratio Rank: 9696
Calmar Ratio Rank
EWY Martin Ratio Rank: 9696
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.

EGO vs. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (EGO) and iShares MSCI South Korea ETF (EWY). 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.

EGOEWYDifference
Sharpe ratioReturn per unit of total volatility
0.92
3.90

-2.98

Sortino ratioReturn per unit of downside risk
1.42
3.72

-2.29

Omega ratioGain probability vs. loss probability

1.19

1.55

-0.37

Calmar ratioReturn relative to maximum drawdown

1.13

8.27

-7.13

Martin ratioReturn relative to average drawdown

2.54

28.48

-25.95

EGO vs. EWY - Sharpe Ratio Comparison

The current EGO Sharpe Ratio is 0.92, which is lower than the EWY Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of EGO and EWY, 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

EGO vs. EWY - Drawdown Comparison

The maximum EGO drawdown since its inception was -97.49%, which is greater than EWY's maximum drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for EGO and EWY.

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Drawdown Indicators

EGOEWYDifference

Max Drawdown

Largest peak-to-trough decline

-97.49%

-74.14%

-23.35%

Max Drawdown (1Y)

Largest decline over 1 year

-43.57%

-23.08%

-20.49%

Max Drawdown (3Y)

Largest decline over 3 years

-43.57%

-27.36%

-16.21%

Max Drawdown (5Y)

Largest decline over 5 years

-57.70%

-48.55%

-9.15%

Max Drawdown (10Y)

Largest decline over 10 years

-89.45%

-49.73%

-39.72%

Current Drawdown

Current decline from peak

-70.90%

-6.48%

-64.42%

Average Drawdown

Average peak-to-trough decline

-55.71%

-20.10%

-35.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.44%

6.69%

+12.75%

Volatility

EGO vs. EWY - Volatility Comparison

The current volatility for Eldorado Gold Corporation (EGO) is 19.60%, while iShares MSCI South Korea ETF (EWY) has a volatility of 28.04%. This indicates that EGO experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EGOEWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.60%

28.04%

-8.44%

Volatility (6M)

Calculated over the trailing 6-month period

44.77%

45.68%

-0.91%

Volatility (1Y)

Calculated over the trailing 1-year period

53.70%

48.98%

+4.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

46.23%

31.07%

+15.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

55.42%

28.46%

+26.96%

Dividends

EGO vs. EWY - Dividend Comparison

EGO's dividend yield for the trailing twelve months is around 0.49%, less than EWY's 0.99% yield.

PositionTTM20252024202320222021202020192018201720162015
EGO
Eldorado Gold Corporation		0.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.40%0.00%0.67%
EWY
iShares MSCI South Korea ETF		0.99%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%

Frequently Asked Questions

EGO and EWY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWY has higher volatility (28.04%) compared to EGO (19.60%). In terms of maximum drawdown, EGO dropped -97.49% vs EWY's -74.14%.

EWY currently has the higher Sharpe Ratio (3.90 vs 0.92), 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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