ERIC vs. EZU
ERIC (Telefonaktiebolaget LM Ericsson (publ)) is a stock, while EZU (iShares MSCI Eurozone ETF) is Europe Equities fund tracking the MSCI EMU. Over the past 10 years, ERIC returned 8.16%/yr vs 10.85%/yr for EZU. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
ERIC vs. EZU - Performance Comparison
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Returns By Period
In the year-to-date period, ERIC achieves a 29.07% return, which is significantly higher than EZU's 9.10% return. Over the past 10 years, ERIC has underperformed EZU with an annualized return of 8.16%, while EZU has yielded a comparatively higher 10.85% annualized return.
ERIC
- 1D
- 1.15%
- 1M
- -1.76%
- YTD
- 29.07%
- 6M
- 30.15%
- 1Y
- 51.44%
- 3Y*
- 37.54%
- 5Y*
- 2.33%
- 10Y*
- 8.16%
EZU
- 1D
- 0.00%
- 1M
- 6.05%
- YTD
- 9.10%
- 6M
- 10.35%
- 1Y
- 22.18%
- 3Y*
- 18.40%
- 5Y*
- 9.24%
- 10Y*
- 10.85%
ERIC vs. EZU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 29.07% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
EZU iShares MSCI Eurozone ETF | 9.10% | 40.00% | 2.23% | 23.44% | -17.25% | 13.92% | 7.62% | 23.27% | -16.76% | 27.89% |
Correlation
The correlation between ERIC and EZU is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.59 |
The correlation between ERIC and EZU has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
ERIC vs. EZU — Risk / Return Rank
ERIC
EZU
ERIC vs. EZU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and iShares MSCI Eurozone ETF (EZU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ERIC | EZU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.55 | +1.59 |
| Martin ratioReturn relative to average drawdown | 7.76 | 5.60 | +2.15 |
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Drawdowns
ERIC vs. EZU - Drawdown Comparison
The maximum ERIC drawdown since its inception was -98.59%, which is greater than EZU's maximum drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for ERIC and EZU.
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Drawdown Indicators
| ERIC | EZU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.59% | -65.32% | -33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -13.06% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -15.02% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -63.96% | -36.11% | -27.85% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -41.37% | -25.22% |
Current DrawdownCurrent decline from peak | -82.52% | 0.00% | -82.52% |
Average DrawdownAverage peak-to-trough decline | -67.77% | -19.21% | -48.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 3.61% | +2.77% |
Volatility
ERIC vs. EZU - Volatility Comparison
Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a higher volatility of 14.05% compared to iShares MSCI Eurozone ETF (EZU) at 6.52%. This indicates that ERIC's price experiences larger fluctuations and is considered to be riskier than EZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERIC | EZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.05% | 6.52% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 24.72% | 14.88% | +9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.24% | 17.57% | +18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.63% | 19.96% | +14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.26% | 20.50% | +14.76% |
Dividends
ERIC vs. EZU - Dividend Comparison
ERIC's dividend yield for the trailing twelve months is around 2.55%, less than EZU's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 2.55% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
EZU iShares MSCI Eurozone ETF | 2.61% | 2.85% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% |
Frequently Asked Questions
ERIC and EZU have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (14.05%) compared to EZU (6.52%). In terms of maximum drawdown, ERIC dropped -98.59% vs EZU's -65.32%.
ERIC currently has the higher Sharpe Ratio (1.37 vs 1.15), 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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