EIRL vs. EWI
Compare and contrast key facts about iShares MSCI Ireland ETF (EIRL) and iShares MSCI Italy ETF (EWI).
EIRL and EWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIRL is a passively managed fund by iShares that tracks the performance of the MSCI Ireland Investable Market 25/50 Index. It was launched on May 5, 2010. EWI is a passively managed fund by iShares that tracks the performance of the MSCI Italy Index. It was launched on Mar 12, 1996. Both EIRL and EWI 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
EIRL vs. EWI - Performance Comparison
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EIRL vs. EWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIRL iShares MSCI Ireland ETF | -5.67% | 28.82% | -1.64% | 35.13% | -18.83% | 13.72% | 9.63% | 28.15% | -21.92% | 29.82% |
EWI iShares MSCI Italy ETF | 0.33% | 55.72% | 10.23% | 30.63% | -14.16% | 14.38% | 1.69% | 26.98% | -17.18% | 28.70% |
Returns By Period
In the year-to-date period, EIRL achieves a -5.67% return, which is significantly lower than EWI's 0.33% return. Over the past 10 years, EIRL has underperformed EWI with an annualized return of 7.13%, while EWI has yielded a comparatively higher 12.24% annualized return.
EIRL
- 1D
- 0.71%
- 1M
- -5.81%
- YTD
- -5.67%
- 6M
- 2.75%
- 1Y
- 20.04%
- 3Y*
- 10.40%
- 5Y*
- 6.18%
- 10Y*
- 7.13%
EWI
- 1D
- 2.04%
- 1M
- -2.57%
- YTD
- 0.33%
- 6M
- 5.37%
- 1Y
- 32.35%
- 3Y*
- 25.82%
- 5Y*
- 15.37%
- 10Y*
- 12.24%
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EIRL vs. EWI - Expense Ratio Comparison
Both EIRL and EWI have an expense ratio of 0.49%.
Return for Risk
EIRL vs. EWI — Risk / Return Rank
EIRL
EWI
EIRL vs. EWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) and iShares MSCI Italy ETF (EWI). 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.
| EIRL | EWI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.51 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.12 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.31 | -0.86 |
Martin ratioReturn relative to average drawdown | 5.27 | 9.19 | -3.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EIRL | EWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.51 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.74 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.53 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.22 | +0.19 |
Correlation
The correlation between EIRL and EWI is 0.66, 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
EIRL vs. EWI - Dividend Comparison
EIRL's dividend yield for the trailing twelve months is around 2.87%, more than EWI's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRL iShares MSCI Ireland ETF | 2.87% | 2.71% | 2.56% | 1.00% | 1.13% | 0.82% | 0.50% | 2.11% | 1.52% | 1.44% | 1.34% | 1.70% |
EWI iShares MSCI Italy ETF | 2.80% | 2.80% | 4.07% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% |
Drawdowns
EIRL vs. EWI - Drawdown Comparison
The maximum EIRL drawdown since its inception was -46.48%, smaller than the maximum EWI drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for EIRL and EWI.
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Drawdown Indicators
| EIRL | EWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.48% | -70.38% | +23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -14.21% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -40.14% | -35.25% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -46.48% | -43.00% | -3.48% |
Current DrawdownCurrent decline from peak | -10.07% | -5.90% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -29.10% | +19.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 3.57% | +0.36% |
Volatility
EIRL vs. EWI - Volatility Comparison
The current volatility for iShares MSCI Ireland ETF (EIRL) is 7.77%, while iShares MSCI Italy ETF (EWI) has a volatility of 8.36%. This indicates that EIRL experiences smaller price fluctuations and is considered to be less risky than EWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIRL | EWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 8.36% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 13.28% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 21.51% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 20.96% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 23.29% | -1.66% |