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EIDO vs. EWS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIDO vs. EWS

Last updated Jun 24, 2026

EIDO (iShares MSCI Indonesia ETF) and EWS (iShares MSCI Singapore ETF) are both Asia Pacific Equities funds from iShares - EIDO tracks the MSCI Indonesia Investable Market Index while EWS tracks the MSCI Singapore Index. Both are passively managed. Over the past 10 years, EIDO returned -3.60%/yr vs 8.34%/yr for EWS. A 0.56 correlation means they provide meaningful diversification when combined. EIDO charges 0.59%/yr vs 0.50%/yr for EWS.

Performance

EIDO vs. EWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Indonesia ETF (EIDO) and iShares MSCI Singapore ETF (EWS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EIDO achieves a -33.53% return, which is significantly lower than EWS's 9.65% return. Over the past 10 years, EIDO has underperformed EWS with an annualized return of -3.60%, while EWS has yielded a comparatively higher 8.34% annualized return.

EIDO

1D
0.41%
1M
-5.05%
YTD
-33.53%
6M
-32.96%
1Y
-25.70%
3Y*
-15.88%
5Y*
-7.01%
10Y*
-3.60%

EWS

1D
-0.54%
1M
2.36%
YTD
9.65%
6M
9.41%
1Y
22.70%
3Y*
22.62%
5Y*
10.27%
10Y*
8.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIDO vs. EWS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIDO
iShares MSCI Indonesia ETF		-33.53%4.90%-13.02%2.56%-0.16%-0.60%-7.13%5.30%-10.88%19.40%
EWS
iShares MSCI Singapore ETF		9.65%31.35%22.10%6.15%-9.80%5.47%-8.47%14.54%-11.34%34.78%

Correlation

The correlation between EIDO and EWS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.41

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

0.43

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

0.50

Correlation (All Time)
Calculated using the full available price history since May 7, 2010

0.56

Over the past year, the correlation between EIDO and EWS has dropped to 0.34 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

EIDO vs. EWS - Sectors Allocation Comparison

Sectors
EIDO
EWS

Financial Services

42.5%
51.6%

Basic Materials

12.8%

-

Communication Services

10.2%
3.9%

Energy

9.2%

-

Consumer Defensive

7.9%
4.1%

Industrials

5.2%
18.1%

Technology

3.9%
4.5%

Real Estate

2.4%
8.9%

Consumer Cyclical

2.1%
4.6%

Utilities

2.0%
4.3%

Healthcare

1.8%

-

Financial Services

EIDO
42.5%
EWS
51.6%

Basic Materials

EIDO
12.8%
EWS

-

Communication Services

EIDO
10.2%
EWS
3.9%

Energy

EIDO
9.2%
EWS

-

Consumer Defensive

EIDO
7.9%
EWS
4.1%

Industrials

EIDO
5.2%
EWS
18.1%

Technology

EIDO
3.9%
EWS
4.5%

Real Estate

EIDO
2.4%
EWS
8.9%

Consumer Cyclical

EIDO
2.1%
EWS
4.6%

Utilities

EIDO
2.0%
EWS
4.3%

Healthcare

EIDO
1.8%
EWS

-

Compare stocks, funds, or ETFs

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iShares MSCI Indonesia ETF

iShares MSCI Singapore ETF

Often compared with EIDO:
EIDO vs. IDXEIDO vs. EWYEIDO vs. INDAEIDO vs. ASEAEIDO vs. EWMEIDO vs. EWWEIDO vs. VOO
Often compared with EWS:
EWS vs. EWHEWS vs. EWTEWS vs. EWJEWS vs. ASEAEWS vs. SMINEWS vs. FLGREWS vs. VOO

Return for Risk

EIDO vs. EWS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIDO
EIDO Risk / Return Rank: 22
Overall Rank
EIDO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
EIDO Sortino Ratio Rank: 22
Sortino Ratio Rank
EIDO Omega Ratio Rank: 11
Omega Ratio Rank
EIDO Calmar Ratio Rank: 44
Calmar Ratio Rank
EIDO Martin Ratio Rank: 00
Martin Ratio Rank
EWS
EWS Risk / Return Rank: 4848
Overall Rank
EWS Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EWS Sortino Ratio Rank: 4444
Sortino Ratio Rank
EWS Omega Ratio Rank: 4343
Omega Ratio Rank
EWS Calmar Ratio Rank: 6262
Calmar Ratio Rank
EWS Martin Ratio Rank: 4545
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.

EIDO vs. EWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) and iShares MSCI Singapore ETF (EWS). 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.

EIDOEWSDifference
Sharpe ratioReturn per unit of total volatility
-1.01
1.49

-2.51

Sortino ratioReturn per unit of downside risk
-1.38
2.14

-3.52

Omega ratioGain probability vs. loss probability

0.82

1.27

-0.45

Calmar ratioReturn relative to maximum drawdown

-0.59

2.92

-3.51

Martin ratioReturn relative to average drawdown

-1.77

7.04

-8.82

EIDO vs. EWS - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.01, which is lower than the EWS Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of EIDO and EWS, 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

EIDO vs. EWS - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, smaller than the maximum EWS drawdown of -75.13%. Use the drawdown chart below to compare losses from any high point for EIDO and EWS.

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Drawdown Indicators

EIDOEWSDifference

Max Drawdown

Largest peak-to-trough decline

-63.21%

-75.13%

+11.92%

Max Drawdown (1Y)

Largest decline over 1 year

-43.81%

-7.82%

-35.99%

Max Drawdown (3Y)

Largest decline over 3 years

-51.77%

-16.34%

-35.43%

Max Drawdown (5Y)

Largest decline over 5 years

-51.77%

-29.06%

-22.71%

Max Drawdown (10Y)

Largest decline over 10 years

-59.41%

-40.84%

-18.57%

Current Drawdown

Current decline from peak

-54.63%

-0.54%

-54.09%

Average Drawdown

Average peak-to-trough decline

-24.72%

-21.96%

-2.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.51%

3.23%

+11.28%

Volatility

EIDO vs. EWS - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 14.34% compared to iShares MSCI Singapore ETF (EWS) at 5.13%. This indicates that EIDO's price experiences larger fluctuations and is considered to be riskier than EWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EIDOEWSDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.34%

5.13%

+9.21%

Volatility (6M)

Calculated over the trailing 6-month period

22.25%

12.17%

+10.08%

Volatility (1Y)

Calculated over the trailing 1-year period

25.45%

15.28%

+10.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.51%

17.32%

+3.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.98%

17.98%

+7.00%

EIDO vs. EWS - Expense Ratio Comparison

EIDO has a 0.59% expense ratio, which is higher than EWS's 0.50% expense ratio.

Dividends

EIDO vs. EWS - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 3.35%, less than EWS's 4.00% yield.

PositionTTM20252024202320222021202020192018201720162015
EIDO
iShares MSCI Indonesia ETF		3.35%3.56%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%
EWS
iShares MSCI Singapore ETF		4.00%4.10%4.28%6.50%2.56%6.00%2.68%4.70%4.21%3.46%3.96%4.20%

Frequently Asked Questions

EIDO and EWS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIDO has higher volatility (14.34%) compared to EWS (5.13%). In terms of maximum drawdown, EIDO dropped -63.21% vs EWS's -75.13%.

On 10-year performance, EWS leads with 8.34% vs -3.60% for EIDO. On fees, EWS is cheaper at 0.50% per year. On volatility, EWS has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWS has performed better with a 8.34% return vs -3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWS is cheaper with a 0.50% expense ratio, compared with 0.59% for EIDO.

EWS has the higher dividend yield at 4.00%, compared with 3.35% for EIDO.

EIDO tracks MSCI Indonesia Investable Market Index, while EWS tracks MSCI Singapore Index. Their fees differ too: 0.59% for EIDO and 0.50% for EWS.

EWS currently has the higher Sharpe Ratio (1.49 vs -1.01), 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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