ERIC vs. EWT
ERIC (Telefonaktiebolaget LM Ericsson (publ)) is a stock, while EWT (iShares MSCI Taiwan ETF) is Asia Pacific Equities fund tracking the MSCI Taiwan Index. Over the past 10 years, ERIC returned 8.27%/yr vs 19.90%/yr for EWT. At a 0.43 correlation, their price movements are largely independent.
Performance
ERIC vs. EWT - Performance Comparison
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Returns By Period
In the year-to-date period, ERIC achieves a 38.32% return, which is significantly lower than EWT's 68.27% return. Over the past 10 years, ERIC has underperformed EWT with an annualized return of 8.27%, while EWT has yielded a comparatively higher 19.90% annualized return.
ERIC
- 1D
- -4.22%
- 1M
- 13.16%
- YTD
- 38.32%
- 6M
- 37.90%
- 1Y
- 60.00%
- 3Y*
- 41.47%
- 5Y*
- 3.79%
- 10Y*
- 8.27%
EWT
- 1D
- -0.20%
- 1M
- 18.24%
- YTD
- 68.27%
- 6M
- 72.42%
- 1Y
- 110.37%
- 3Y*
- 38.34%
- 5Y*
- 18.33%
- 10Y*
- 19.90%
ERIC vs. EWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 38.32% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
EWT iShares MSCI Taiwan ETF | 68.27% | 28.38% | 16.11% | 23.97% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
Correlation
The correlation between ERIC and EWT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2000 | 0.43 |
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Return for Risk
ERIC vs. EWT — Risk / Return Rank
ERIC
EWT
ERIC vs. EWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) 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.
| ERIC | EWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.69 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 10.56 | -6.74 |
| Martin ratioReturn relative to average drawdown | 9.84 | 32.40 | -22.56 |
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
| ERIC | EWT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 4.42 | -2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.82 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.92 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.26 | -0.14 |
Drawdowns
ERIC vs. EWT - Drawdown Comparison
The maximum ERIC drawdown since its inception was -98.59%, which is greater than EWT's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for ERIC and EWT.
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Drawdown Indicators
| ERIC | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.59% | -64.37% | -34.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -10.51% | -5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -25.66% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -63.96% | -38.88% | -25.08% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -38.88% | -27.71% |
Current DrawdownCurrent decline from peak | -81.26% | -0.20% | -81.06% |
Average DrawdownAverage peak-to-trough decline | -67.76% | -19.23% | -48.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 3.42% | +2.70% |
Volatility
ERIC vs. EWT - Volatility Comparison
Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a higher volatility of 11.58% compared to iShares MSCI Taiwan ETF (EWT) at 10.43%. This indicates that ERIC's price experiences larger fluctuations and is considered to be riskier than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERIC | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 10.43% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 22.74% | 20.52% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.92% | 25.10% | +9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.38% | 22.59% | +11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.15% | 21.60% | +13.55% |
Dividends
ERIC vs. EWT - Dividend Comparison
ERIC's dividend yield for the trailing twelve months is around 2.38%, less than EWT's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 2.38% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
EWT iShares MSCI Taiwan ETF | 2.63% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Frequently Asked Questions
ERIC and EWT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (11.58%) compared to EWT (10.43%). In terms of maximum drawdown, ERIC dropped -98.59% vs EWT's -64.37%.
EWT currently has the higher Sharpe Ratio (4.42 vs 1.73), 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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