EWC vs. CNDA
Compare and contrast key facts about iShares MSCI Canada ETF (EWC) and Concord Acquisition Corp II (CNDA).
EWC is a passively managed fund by iShares that tracks the performance of the MSCI Canada Index. It was launched on Mar 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWC or CNDA.
Key characteristics
| EWC | CNDA | |
|---|---|---|
| YTD Return | 14.42% | 0.48% |
| 1Y Return | 28.12% | 0.97% |
| 3Y Return (Ann) | 3.90% | 0.47% |
| Sharpe Ratio | 1.97 | -0.25 |
| Sortino Ratio | 2.72 | -0.30 |
| Omega Ratio | 1.34 | 0.86 |
| Calmar Ratio | 1.66 | 0.07 |
| Martin Ratio | 13.85 | -0.77 |
| Ulcer Index | 1.91% | 1.62% |
| Daily Std Dev | 13.44% | 6.11% |
| Max Drawdown | -60.75% | -4.78% |
| Current Drawdown | -1.09% | -2.98% |
Correlation
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.
Performance
EWC vs. CNDA - Performance Comparison
In the year-to-date period, EWC achieves a 14.42% return, which is significantly higher than CNDA's 0.48% 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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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.
Dividends
EWC vs. CNDA - Dividend Comparison
EWC's dividend yield for the trailing twelve months is around 2.01%, while CNDA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWC iShares MSCI Canada ETF | 2.01% | 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.
Volatility
EWC vs. CNDA - Volatility Comparison
iShares MSCI Canada ETF (EWC) has a higher volatility of 2.83% 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.