EWA vs. VOO
Compare and contrast key facts about iShares MSCI-Australia ETF (EWA) and Vanguard S&P 500 ETF (VOO).
EWA and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWA is a passively managed fund by iShares that tracks the performance of the MSCI Australia Index. It was launched on Mar 18, 1996. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both EWA and VOO 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: EWA or VOO.
Performance
EWA vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, EWA achieves a 7.08% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, EWA has underperformed VOO with an annualized return of 5.26%, while VOO has yielded a comparatively higher 13.12% annualized return.
EWA
7.08%
-3.73%
3.26%
19.73%
6.48%
5.26%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| EWA | VOO | |
|---|---|---|
| Sharpe Ratio | 1.18 | 2.64 |
| Sortino Ratio | 1.73 | 3.53 |
| Omega Ratio | 1.21 | 1.49 |
| Calmar Ratio | 1.59 | 3.81 |
| Martin Ratio | 6.35 | 17.34 |
| Ulcer Index | 3.12% | 1.86% |
| Daily Std Dev | 16.76% | 12.20% |
| Max Drawdown | -66.98% | -33.99% |
| Current Drawdown | -5.68% | -2.16% |
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EWA vs. VOO - Expense Ratio Comparison
EWA has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between EWA and VOO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EWA vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI-Australia ETF (EWA) and Vanguard S&P 500 ETF (VOO). 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
EWA vs. VOO - Dividend Comparison
EWA's dividend yield for the trailing twelve months is around 3.74%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWA iShares MSCI-Australia ETF | 3.74% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% | 4.92% | 4.69% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
EWA vs. VOO - Drawdown Comparison
The maximum EWA drawdown since its inception was -66.98%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EWA and VOO. For additional features, visit the drawdowns tool.
Volatility
EWA vs. VOO - Volatility Comparison
iShares MSCI-Australia ETF (EWA) has a higher volatility of 4.99% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that EWA's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.