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ET vs. EWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ET vs. EWZ

Last updated Jun 13, 2026

ET (Energy Transfer LP) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 10 years, ET returned 13.14%/yr vs 8.29%/yr for EWZ. At a 0.34 correlation, their price movements are largely independent.

Performance

ET vs. EWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Energy Transfer LP (ET) and iShares MSCI Brazil ETF (EWZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ET achieves a 19.85% return, which is significantly higher than EWZ's 10.48% return. Over the past 10 years, ET has outperformed EWZ with an annualized return of 13.14%, while EWZ has yielded a comparatively lower 8.29% annualized return.

ET

1D
1.65%
1M
-5.12%
YTD
19.85%
6M
19.34%
1Y
11.35%
3Y*
24.04%
5Y*
20.15%
10Y*
13.14%

EWZ

1D
0.83%
1M
-4.57%
YTD
10.48%
6M
9.03%
1Y
31.47%
3Y*
9.47%
5Y*
4.96%
10Y*
8.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ET vs. EWZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ET
Energy Transfer LP		19.85%-9.37%53.87%27.87%55.74%42.96%-44.92%5.88%-17.74%-4.66%
EWZ
iShares MSCI Brazil ETF		10.48%48.81%-30.41%32.62%12.09%-17.32%-20.35%27.67%-2.52%23.62%

Correlation

The correlation between ET and EWZ is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2006

0.34

Over the past year, the correlation between ET and EWZ has dropped to 0.10 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Energy Transfer LP

iShares MSCI Brazil ETF

Often compared with ET:
ET vs. ENBET vs. KMIET vs. PAAET vs. WESET vs. WMBET vs. EQTET vs. AMLP
Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT

Return for Risk

ET vs. EWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ET
ET Risk / Return Rank: 6363
Overall Rank
ET Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
ET Sortino Ratio Rank: 6060
Sortino Ratio Rank
ET Omega Ratio Rank: 5656
Omega Ratio Rank
ET Calmar Ratio Rank: 6767
Calmar Ratio Rank
ET Martin Ratio Rank: 6767
Martin Ratio Rank
EWZ
EWZ Risk / Return Rank: 3838
Overall Rank
EWZ Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 3838
Sortino Ratio Rank
EWZ Omega Ratio Rank: 3838
Omega Ratio Rank
EWZ Calmar Ratio Rank: 3737
Calmar Ratio Rank
EWZ Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ET vs. EWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) and iShares MSCI Brazil ETF (EWZ). 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.

ETEWZDifference
Sharpe ratioReturn per unit of total volatility
0.71
1.25

-0.55

Sortino ratioReturn per unit of downside risk
1.16
1.76

-0.60

Omega ratioGain probability vs. loss probability

1.13

1.22

-0.10

Calmar ratioReturn relative to maximum drawdown

1.22

1.64

-0.43

Martin ratioReturn relative to average drawdown

2.70

5.17

-2.47

ET vs. EWZ - Sharpe Ratio Comparison

The current ET Sharpe Ratio is 0.71, which is lower than the EWZ Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of ET and EWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ET vs. EWZ - Drawdown Comparison

The maximum ET drawdown since its inception was -87.81%, which is greater than EWZ's maximum drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for ET and EWZ.

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Drawdown Indicators

ETEWZDifference

Max Drawdown

Largest peak-to-trough decline

-87.81%

-77.25%

-10.56%

Max Drawdown (1Y)

Largest decline over 1 year

-9.38%

-19.27%

+9.89%

Max Drawdown (3Y)

Largest decline over 3 years

-24.56%

-31.36%

+6.80%

Max Drawdown (5Y)

Largest decline over 5 years

-25.82%

-32.24%

+6.42%

Max Drawdown (10Y)

Largest decline over 10 years

-72.82%

-56.99%

-15.83%

Current Drawdown

Current decline from peak

-6.47%

-23.06%

+16.59%

Average Drawdown

Average peak-to-trough decline

-25.72%

-35.93%

+10.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.65%

6.10%

-1.45%

Volatility

ET vs. EWZ - Volatility Comparison

The current volatility for Energy Transfer LP (ET) is 5.08%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 7.35%. This indicates that ET experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ETEWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.08%

7.35%

-2.27%

Volatility (6M)

Calculated over the trailing 6-month period

12.03%

19.97%

-7.94%

Volatility (1Y)

Calculated over the trailing 1-year period

16.13%

25.20%

-9.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.86%

27.70%

-2.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.99%

34.04%

+0.95%

Dividends

ET vs. EWZ - Dividend Comparison

ET's dividend yield for the trailing twelve months is around 7.00%, more than EWZ's 4.70% yield.

PositionTTM20252024202320222021202020192018201720162015
ET
Energy Transfer LP		7.00%7.97%6.51%8.95%7.33%7.41%17.27%9.51%9.24%6.66%5.90%7.42%
EWZ
iShares MSCI Brazil ETF		4.70%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%

Frequently Asked Questions

ET and EWZ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWZ has higher volatility (7.35%) compared to ET (5.08%). In terms of maximum drawdown, ET dropped -87.81% vs EWZ's -77.25%.

EWZ currently has the higher Sharpe Ratio (1.25 vs 0.71), 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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