EWD vs. EWC
Compare and contrast key facts about iShares MSCI Sweden ETF (EWD) and iShares MSCI Canada ETF (EWC).
EWD and EWC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWD is a passively managed fund by iShares that tracks the performance of the MSCI Sweden Index. It was launched on Mar 12, 1996. EWC is a passively managed fund by iShares that tracks the performance of the MSCI Canada Index. It was launched on Mar 12, 1996. Both EWD and EWC 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: EWD or EWC.
Key characteristics
| EWD | EWC | |
|---|---|---|
| YTD Return | 2.69% | 14.73% |
| 1Y Return | 26.59% | 28.53% |
| 3Y Return (Ann) | -3.26% | 3.82% |
| 5Y Return (Ann) | 7.57% | 9.57% |
| 10Y Return (Ann) | 5.46% | 5.62% |
| Sharpe Ratio | 1.44 | 2.14 |
| Sortino Ratio | 2.01 | 2.94 |
| Omega Ratio | 1.25 | 1.37 |
| Calmar Ratio | 0.95 | 1.83 |
| Martin Ratio | 6.13 | 15.10 |
| Ulcer Index | 4.42% | 1.91% |
| Daily Std Dev | 18.76% | 13.48% |
| Max Drawdown | -74.27% | -60.75% |
| Current Drawdown | -9.60% | -1.11% |
Correlation
The correlation between EWD and EWC is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EWD vs. EWC - Performance Comparison
In the year-to-date period, EWD achieves a 2.69% return, which is significantly lower than EWC's 14.73% return. Both investments have delivered pretty close results over the past 10 years, with EWD having a 5.46% annualized return and EWC not far ahead at 5.62%. 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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EWD vs. EWC - Expense Ratio Comparison
EWD has a 0.55% expense ratio, which is higher than EWC's 0.49% expense ratio.
Risk-Adjusted Performance
EWD vs. EWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Sweden ETF (EWD) and iShares MSCI Canada ETF (EWC). 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
EWD vs. EWC - Dividend Comparison
EWD's dividend yield for the trailing twelve months is around 4.04%, more than EWC's 2.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWD iShares MSCI Sweden ETF | 4.04% | 2.41% | 3.68% | 5.46% | 0.98% | 4.15% | 5.17% | 3.23% | 3.91% | 4.08% | 3.92% | 3.47% |
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% |
Drawdowns
EWD vs. EWC - Drawdown Comparison
The maximum EWD drawdown since its inception was -74.27%, which is greater than EWC's maximum drawdown of -60.75%. Use the drawdown chart below to compare losses from any high point for EWD and EWC. For additional features, visit the drawdowns tool.
Volatility
EWD vs. EWC - Volatility Comparison
iShares MSCI Sweden ETF (EWD) has a higher volatility of 5.86% compared to iShares MSCI Canada ETF (EWC) at 3.33%. This indicates that EWD's price experiences larger fluctuations and is considered to be riskier than EWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.