ENVA vs. EWP
ENVA (Enova International, Inc.) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, ENVA returned 35.58%/yr vs 11.09%/yr for EWP. At a 0.39 correlation, their price movements are largely independent.
Performance
ENVA vs. EWP - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ENVA having a 6.78% return and EWP slightly lower at 6.66%. Over the past 10 years, ENVA has outperformed EWP with an annualized return of 35.58%, while EWP has yielded a comparatively lower 11.09% annualized return.
ENVA
- 1D
- 5.64%
- 1M
- -0.84%
- YTD
- 6.78%
- 6M
- 23.28%
- 1Y
- 80.79%
- 3Y*
- 51.48%
- 5Y*
- 35.65%
- 10Y*
- 35.58%
EWP
- 1D
- 1.11%
- 1M
- 2.28%
- YTD
- 6.66%
- 6M
- 11.07%
- 1Y
- 36.42%
- 3Y*
- 31.66%
- 5Y*
- 17.28%
- 10Y*
- 11.09%
ENVA vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENVA Enova International, Inc. | 6.78% | 63.95% | 73.19% | 44.28% | -6.32% | 65.36% | 2.95% | 23.64% | 28.03% | 21.12% |
EWP iShares MSCI Spain ETF | 6.66% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
Correlation
The correlation between ENVA and EWP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.39 |
The correlation between ENVA and EWP shifts across timeframes, from 0.34 (3 years) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENVA vs. EWP — Risk / Return Rank
ENVA
EWP
ENVA vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enova International, Inc. (ENVA) and iShares MSCI Spain ETF (EWP). 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.
| ENVA | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.21 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.47 | 11.44 | -2.97 |
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
| ENVA | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.95 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.86 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.50 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.31 | +0.02 |
Drawdowns
ENVA vs. EWP - Drawdown Comparison
The maximum ENVA drawdown since its inception was -81.56%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for ENVA and EWP.
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Drawdown Indicators
| ENVA | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.56% | -61.19% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.75% | -11.38% | -13.37% |
Max Drawdown (3Y)Largest decline over 3 years | -37.01% | -12.19% | -24.82% |
Max Drawdown (5Y)Largest decline over 5 years | -42.84% | -33.91% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -77.57% | -46.36% | -31.21% |
Current DrawdownCurrent decline from peak | -4.03% | -1.52% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -29.62% | -21.43% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 3.19% | +6.38% |
Volatility
ENVA vs. EWP - Volatility Comparison
Enova International, Inc. (ENVA) has a higher volatility of 10.49% compared to iShares MSCI Spain ETF (EWP) at 5.74%. This indicates that ENVA's price experiences larger fluctuations and is considered to be riskier than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENVA | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.49% | 5.74% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 28.31% | 15.65% | +12.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.10% | 18.72% | +19.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.30% | 20.25% | +20.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.32% | 22.23% | +27.09% |
Dividends
ENVA vs. EWP - Dividend Comparison
ENVA has not paid dividends to shareholders, while EWP's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENVA Enova International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWP iShares MSCI Spain ETF | 2.13% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
Frequently Asked Questions
ENVA and EWP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVA has higher volatility (10.49%) compared to EWP (5.74%). In terms of maximum drawdown, ENVA dropped -81.56% vs EWP's -61.19%.
ENVA currently has the higher Sharpe Ratio (2.13 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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