EIRL vs. SMIN
Compare and contrast key facts about iShares MSCI Ireland ETF (EIRL) and iShares MSCI India Small-Cap ETF (SMIN).
EIRL and SMIN 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. SMIN is a passively managed fund by iShares that tracks the performance of the MSCI India Small Cap Index. It was launched on Feb 8, 2012. Both EIRL and SMIN 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 SMIN.
Key characteristics
| EIRL | SMIN | |
|---|---|---|
| YTD Return | 8.90% | 7.85% |
| 1Y Return | 19.16% | 43.19% |
| 3Y Return (Ann) | 5.90% | 16.52% |
| 5Y Return (Ann) | 10.25% | 15.33% |
| 10Y Return (Ann) | 7.10% | 13.00% |
| Sharpe Ratio | 1.10 | 2.97 |
| Daily Std Dev | 17.46% | 14.52% |
| Max Drawdown | -46.48% | -60.50% |
| Current Drawdown | -4.13% | -0.69% |
Correlation
The correlation between EIRL and SMIN is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EIRL vs. SMIN - Performance Comparison
In the year-to-date period, EIRL achieves a 8.90% return, which is significantly higher than SMIN's 7.85% return. Over the past 10 years, EIRL has underperformed SMIN with an annualized return of 7.10%, while SMIN has yielded a comparatively higher 13.00% 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. SMIN - Expense Ratio Comparison
EIRL has a 0.49% expense ratio, which is lower than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
EIRL vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) and iShares MSCI India Small-Cap ETF (SMIN). 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. SMIN - Dividend Comparison
EIRL's dividend yield for the trailing twelve months is around 0.92%, more than SMIN's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRL iShares MSCI Ireland ETF | 0.92% | 1.00% | 1.13% | 0.82% | 0.50% | 2.11% | 1.52% | 1.44% | 1.34% | 1.70% | 2.26% | 1.65% |
SMIN iShares MSCI India Small-Cap ETF | 0.38% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% | 0.75% |
Drawdowns
EIRL vs. SMIN - Drawdown Comparison
The maximum EIRL drawdown since its inception was -46.48%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for EIRL and SMIN. For additional features, visit the drawdowns tool.
Volatility
EIRL vs. SMIN - Volatility Comparison
iShares MSCI Ireland ETF (EIRL) has a higher volatility of 5.32% compared to iShares MSCI India Small-Cap ETF (SMIN) at 3.31%. This indicates that EIRL's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.