EIRL vs. EWT
Compare and contrast key facts about iShares MSCI Ireland ETF (EIRL) and iShares MSCI Taiwan ETF (EWT).
EIRL and EWT 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. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000. Both EIRL and EWT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIRL or EWT.
Key characteristics
| EIRL | EWT | |
|---|---|---|
| YTD Return | 4.54% | 19.92% |
| 1Y Return | 16.29% | 35.82% |
| 3Y Return (Ann) | 4.02% | 5.54% |
| 5Y Return (Ann) | 8.90% | 14.36% |
| 10Y Return (Ann) | 8.07% | 11.21% |
| Sharpe Ratio | 1.14 | 1.84 |
| Sortino Ratio | 1.70 | 2.43 |
| Omega Ratio | 1.21 | 1.32 |
| Calmar Ratio | 1.64 | 1.83 |
| Martin Ratio | 5.67 | 8.69 |
| Ulcer Index | 3.35% | 4.38% |
| Daily Std Dev | 16.49% | 20.71% |
| Max Drawdown | -46.48% | -64.26% |
| Current Drawdown | -10.25% | -2.95% |
Correlation
The correlation between EIRL and EWT is 0.50, 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.
Performance
EIRL vs. EWT - Performance Comparison
In the year-to-date period, EIRL achieves a 4.54% return, which is significantly lower than EWT's 19.92% return. Over the past 10 years, EIRL has underperformed EWT with an annualized return of 8.07%, while EWT has yielded a comparatively higher 11.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EIRL vs. EWT - Expense Ratio Comparison
EIRL has a 0.49% expense ratio, which is lower than EWT's 0.59% expense ratio.
Risk-Adjusted Performance
EIRL vs. EWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) 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.
Dividends
EIRL vs. EWT - Dividend Comparison
EIRL's dividend yield for the trailing twelve months is around 1.55%, less than EWT's 10.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRL iShares MSCI Ireland ETF | 1.55% | 1.00% | 1.13% | 0.82% | 0.50% | 2.11% | 1.52% | 1.44% | 1.34% | 1.70% | 2.26% | 1.65% |
EWT iShares MSCI Taiwan ETF | 10.01% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
Drawdowns
EIRL vs. EWT - Drawdown Comparison
The maximum EIRL drawdown since its inception was -46.48%, smaller than the maximum EWT drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for EIRL and EWT. For additional features, visit the drawdowns tool.
Volatility
EIRL vs. EWT - Volatility Comparison
iShares MSCI Ireland ETF (EIRL) and iShares MSCI Taiwan ETF (EWT) have volatilities of 4.91% and 5.05%, 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.