EIDO vs. EWT

Last updated Jun 24, 2026

EIDO (iShares MSCI Indonesia ETF) and EWT (iShares MSCI Taiwan ETF) are both Asia Pacific Equities funds from iShares - EIDO tracks the MSCI Indonesia Investable Market Index while EWT tracks the MSCI Taiwan 25/50 Index. Both are passively managed. Over the past 10 years, EIDO returned -3.60%/yr vs 20.43%/yr for EWT. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

EIDO vs. EWT - Performance Comparison

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

Returns By Period

In the year-to-date period, EIDO achieves a -33.53% return, which is significantly lower than EWT's 65.65% return. Over the past 10 years, EIDO has underperformed EWT with an annualized return of -3.60%, while EWT has yielded a comparatively higher 20.43% 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%

EWT

• 1D: -5.64%
• 1M: 8.67%
• YTD: 65.65%
• 6M: 68.38%
• 1Y: 99.48%
• 3Y*: 39.48%
• 5Y*: 19.11%
• 10Y*: 20.43%

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

EIDO vs. EWT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
EWT iShares MSCI Taiwan ETF	65.65%	28.38%	16.11%	29.00%	-28.90%	26.18%	31.50%	33.36%	-9.90%	26.81%

Correlation

The correlation between EIDO and EWT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.39
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	0.54

Over the past year, the correlation between EIDO and EWT has dropped to 0.29 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

EIDO vs. EWT - Sectors Allocation Comparison

Sectors	EIDO	EWT
Financial Services	42.5%	12.0%
Basic Materials	12.8%	2.9%
Communication Services	10.2%	1.7%
Energy	9.2%	-
Consumer Defensive	7.9%	1.0%
Industrials	5.2%	3.1%
Technology	3.9%	76.9%
Real Estate	2.4%	-
Consumer Cyclical	2.1%	1.6%
Utilities	2.0%	-
Healthcare	1.8%	1.0%

Return for Risk

EIDO vs. EWT — Risk / Return Rank

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

EIDO

EIDO Risk / Return Rank: 2
EIDO Sharpe Ratio Rank: 1
EIDO Sortino Ratio Rank: 2
EIDO Omega Ratio Rank: 1
EIDO Calmar Ratio Rank: 4
EIDO Martin Ratio Rank: 0

EWT

EWT Risk / Return Rank: 94
EWT Sharpe Ratio Rank: 95
EWT Sortino Ratio Rank: 90
EWT Omega Ratio Rank: 92
EWT Calmar Ratio Rank: 97
EWT Martin Ratio Rank: 95

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. EWT - Risk-Adjusted Trends Comparison

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

	EIDO	EWT	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	3.59	-4.61
Sortino ratio: Return per unit of downside risk	-1.38	4.02	-5.40
Omega ratio: Gain probability vs. loss probability	0.82	1.58	-0.76
Calmar ratio: Return relative to maximum drawdown	-0.59	9.52	-10.11
Martin ratio: Return relative to average drawdown	-1.77	27.93	-29.70

EIDO vs. EWT - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.01, which is lower than the EWT Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of EIDO and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIDO vs. EWT - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, roughly equal to the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for EIDO and EWT.

Drawdown Indicators

	EIDO	EWT	Difference
Max Drawdown Largest peak-to-trough decline	-63.21%	-64.37%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-43.81%	-10.51%	-33.30%
Max Drawdown (3Y) Largest decline over 3 years	-51.77%	-25.66%	-26.11%
Max Drawdown (5Y) Largest decline over 5 years	-51.77%	-38.88%	-12.89%
Max Drawdown (10Y) Largest decline over 10 years	-59.41%	-38.88%	-20.53%
Current Drawdown Current decline from peak	-54.63%	-5.64%	-48.99%
Average Drawdown Average peak-to-trough decline	-24.72%	-19.13%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	3.57%	+10.94%

Volatility

EIDO vs. EWT - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) and iShares MSCI Taiwan ETF (EWT) have volatilities of 14.34% and 14.88%, 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.

Volatility by Period

	EIDO	EWT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.34%	14.88%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	22.25%	23.89%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	25.45%	27.85%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	23.16%	-2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	21.80%	+3.18%

EIDO vs. EWT - Expense Ratio Comparison

Both EIDO and EWT have an expense ratio of 0.59%.

Dividends

EIDO vs. EWT - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 3.35%, more than EWT's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EWT iShares MSCI Taiwan ETF	2.68%	4.43%	3.32%	12.01%	18.82%	0.55%	1.83%	2.49%	3.16%	2.81%	2.39%	3.12%

Frequently Asked Questions

Can I hold both EIDO and EWT in my portfolio?

EIDO and EWT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIDO or EWT?

EWT has higher volatility (14.88%) compared to EIDO (14.34%). In terms of maximum drawdown, EIDO dropped -63.21% vs EWT's -64.37%.

Which ETF is better, EIDO or EWT?

On 10-year performance, EWT leads with 20.43% vs -3.60% for EIDO. Both ETFs have the same 0.59% expense ratio. On volatility, EIDO has been the lower-risk option at 14.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIDO or EWT?

Over the 10-year period, EWT has performed better with a 20.43% return vs -3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIDO or EWT?

EIDO and EWT have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, EIDO or EWT?

EIDO has the higher dividend yield at 3.35%, compared with 2.68% for EWT.

What is the main difference between EIDO and EWT?

EIDO tracks MSCI Indonesia Investable Market Index, while EWT tracks MSCI Taiwan 25/50 Index.

Which has better risk-adjusted returns?

EWT currently has the higher Sharpe Ratio (3.59 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.