EWA vs. VPL
Compare and contrast key facts about iShares MSCI-Australia ETF (EWA) and Vanguard FTSE Pacific ETF (VPL).
EWA and VPL 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. VPL is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Asia Pacific Index. It was launched on Mar 4, 2005. Both EWA and VPL 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 VPL.
Key characteristics
| EWA | VPL | |
|---|---|---|
| YTD Return | -4.11% | 0.91% |
| 1Y Return | 5.16% | 9.90% |
| 3Y Return (Ann) | 1.16% | -1.04% |
| 5Y Return (Ann) | 5.69% | 4.64% |
| 10Y Return (Ann) | 3.31% | 4.85% |
| Sharpe Ratio | 0.27 | 0.72 |
| Daily Std Dev | 17.81% | 13.61% |
| Max Drawdown | -66.98% | -55.49% |
| Current Drawdown | -6.08% | -7.81% |
Correlation
The correlation between EWA and VPL is 0.81, 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.
Performance
EWA vs. VPL - Performance Comparison
In the year-to-date period, EWA achieves a -4.11% return, which is significantly lower than VPL's 0.91% return. Over the past 10 years, EWA has underperformed VPL with an annualized return of 3.31%, while VPL has yielded a comparatively higher 4.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWA vs. VPL - Expense Ratio Comparison
EWA has a 0.50% expense ratio, which is higher than VPL's 0.08% expense ratio.
Risk-Adjusted Performance
EWA vs. VPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI-Australia ETF (EWA) and Vanguard FTSE Pacific ETF (VPL). 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. VPL - Dividend Comparison
EWA's dividend yield for the trailing twelve months is around 3.88%, more than VPL's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWA iShares MSCI-Australia ETF | 3.88% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% | 4.92% | 4.68% |
VPL Vanguard FTSE Pacific ETF | 3.30% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% | 2.69% | 2.49% |
Drawdowns
EWA vs. VPL - Drawdown Comparison
The maximum EWA drawdown since its inception was -66.98%, which is greater than VPL's maximum drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for EWA and VPL. For additional features, visit the drawdowns tool.
Volatility
EWA vs. VPL - Volatility Comparison
iShares MSCI-Australia ETF (EWA) has a higher volatility of 5.24% compared to Vanguard FTSE Pacific ETF (VPL) at 4.23%. This indicates that EWA's price experiences larger fluctuations and is considered to be riskier than VPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.