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EWC vs. CNDA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

EWC vs. CNDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Canada ETF (EWC) and Concord Acquisition Corp II (CNDA). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.63%
4.30%
EWC
CNDA

Returns By Period

In the year-to-date period, EWC achieves a 14.81% return, which is significantly higher than CNDA's 0.48% return.


EWC

YTD

14.81%

1M

-0.76%

6M

9.13%

1Y

23.81%

5Y (annualized)

9.51%

10Y (annualized)

5.38%

CNDA

YTD

0.48%

1M

0.29%

6M

-1.46%

1Y

0.97%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


EWCCNDA
Sharpe Ratio1.83-0.23
Sortino Ratio2.53-0.28
Omega Ratio1.320.86
Calmar Ratio1.820.07
Martin Ratio12.78-0.64
Ulcer Index1.91%1.59%
Daily Std Dev13.37%6.16%
Max Drawdown-60.75%-4.78%
Current Drawdown-1.25%-2.98%

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Correlation

-0.50.00.51.0-0.0

The correlation between EWC and CNDA is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

EWC vs. CNDA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada ETF (EWC) and Concord Acquisition Corp II (CNDA). 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.


Sharpe ratio
The chart of Sharpe ratio for EWC, currently valued at 1.83, compared to the broader market0.002.004.006.001.830.17
The chart of Sortino ratio for EWC, currently valued at 2.53, compared to the broader market-2.000.002.004.006.008.0010.0012.002.530.27
The chart of Omega ratio for EWC, currently valued at 1.32, compared to the broader market0.501.001.502.002.503.001.321.08
The chart of Calmar ratio for EWC, currently valued at 1.82, compared to the broader market0.005.0010.0015.001.820.28
The chart of Martin ratio for EWC, currently valued at 12.78, compared to the broader market0.0020.0040.0060.0080.00100.00120.0012.780.62
EWC
CNDA

The current EWC Sharpe Ratio is 1.83, which is higher than the CNDA Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of EWC and CNDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.83
0.17
EWC
CNDA

Dividends

EWC vs. CNDA - Dividend Comparison

EWC's dividend yield for the trailing twelve months is around 2.00%, while CNDA has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
EWC
iShares MSCI Canada ETF
2.00%2.27%2.34%1.85%2.09%2.16%2.65%1.97%1.75%2.34%2.15%2.37%
CNDA
Concord Acquisition Corp II
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

EWC vs. CNDA - Drawdown Comparison

The maximum EWC drawdown since its inception was -60.75%, which is greater than CNDA's maximum drawdown of -4.78%. Use the drawdown chart below to compare losses from any high point for EWC and CNDA. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.25%
-2.98%
EWC
CNDA

Volatility

EWC vs. CNDA - Volatility Comparison

iShares MSCI Canada ETF (EWC) has a higher volatility of 3.43% compared to Concord Acquisition Corp II (CNDA) at 0.21%. This indicates that EWC's price experiences larger fluctuations and is considered to be riskier than CNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.43%
0.21%
EWC
CNDA