EIS vs. SPY
Compare and contrast key facts about iShares MSCI Israel ETF (EIS) and SPDR S&P 500 ETF (SPY).
EIS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EIS and SPY 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 SPY.
Key characteristics
| EIS | SPY | |
|---|---|---|
| YTD Return | 22.17% | 27.16% |
| 1Y Return | 41.16% | 37.73% |
| 3Y Return (Ann) | -2.44% | 10.28% |
| 5Y Return (Ann) | 5.65% | 15.97% |
| 10Y Return (Ann) | 5.40% | 13.38% |
| Sharpe Ratio | 2.26 | 3.25 |
| Sortino Ratio | 2.98 | 4.32 |
| Omega Ratio | 1.39 | 1.61 |
| Calmar Ratio | 1.22 | 4.74 |
| Martin Ratio | 11.17 | 21.51 |
| Ulcer Index | 3.83% | 1.85% |
| Daily Std Dev | 18.93% | 12.20% |
| Max Drawdown | -51.94% | -55.19% |
| Current Drawdown | -7.19% | 0.00% |
Correlation
The correlation between EIS and SPY is 0.69, 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. SPY - Performance Comparison
In the year-to-date period, EIS achieves a 22.17% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, EIS has underperformed SPY with an annualized return of 5.40%, while SPY has yielded a comparatively higher 13.38% 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. SPY - Expense Ratio Comparison
EIS has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EIS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.10%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.10% | 1.39% | 1.66% | 1.04% | 0.17% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% | 1.86% | 2.20% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EIS vs. SPY - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EIS and SPY. For additional features, visit the drawdowns tool.
Volatility
EIS vs. SPY - Volatility Comparison
iShares MSCI Israel ETF (EIS) and SPDR S&P 500 ETF (SPY) have volatilities of 4.10% and 3.92%, 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.