EIS vs. EWT
Compare and contrast key facts about iShares MSCI Israel ETF (EIS) and iShares MSCI Taiwan ETF (EWT).
EIS and EWT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIS is a passively managed fund by iShares that tracks the performance of the MSCI Israel Capped Investable Market Index. It was launched on Mar 26, 2008. 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 EIS 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: EIS or EWT.
Key characteristics
| EIS | EWT | |
|---|---|---|
| YTD Return | 21.51% | 21.64% |
| 1Y Return | 42.00% | 38.46% |
| 3Y Return (Ann) | -2.29% | 5.48% |
| 5Y Return (Ann) | 5.56% | 14.73% |
| 10Y Return (Ann) | 5.28% | 11.23% |
| Sharpe Ratio | 2.08 | 1.82 |
| Sortino Ratio | 2.78 | 2.42 |
| Omega Ratio | 1.36 | 1.32 |
| Calmar Ratio | 1.13 | 1.83 |
| Martin Ratio | 10.33 | 8.66 |
| Ulcer Index | 3.83% | 4.39% |
| Daily Std Dev | 19.00% | 20.93% |
| Max Drawdown | -51.94% | -64.26% |
| Current Drawdown | -7.69% | -1.56% |
Correlation
The correlation between EIS and EWT is 0.56, 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
EIS vs. EWT - Performance Comparison
The year-to-date returns for both investments are quite close, with EIS having a 21.51% return and EWT slightly higher at 21.64%. Over the past 10 years, EIS has underperformed EWT with an annualized return of 5.28%, while EWT has yielded a comparatively higher 11.23% 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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EIS vs. EWT - Expense Ratio Comparison
Both EIS and EWT have an expense ratio of 0.59%.
Risk-Adjusted Performance
EIS vs. EWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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
EIS vs. EWT - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.11%, less than EWT's 9.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.11% | 1.39% | 1.66% | 1.04% | 0.17% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% | 1.86% | 2.20% |
EWT iShares MSCI Taiwan ETF | 9.87% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
Drawdowns
EIS vs. EWT - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, smaller than the maximum EWT drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for EIS and EWT. For additional features, visit the drawdowns tool.
Volatility
EIS vs. EWT - Volatility Comparison
The current volatility for iShares MSCI Israel ETF (EIS) is 4.09%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 5.95%. This indicates that EIS experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.