EWD vs. OMXS.L
Compare and contrast key facts about iShares MSCI Sweden ETF (EWD) and iShares OMX Stockholm Capped UCITS ETF (OMXS.L).
EWD and OMXS.L 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. OMXS.L is a passively managed fund by iShares that tracks the performance of the MSCI Sweden NR SEK. It was launched on Dec 14, 2016. Both EWD and OMXS.L 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 OMXS.L.
Key characteristics
| EWD | OMXS.L | |
|---|---|---|
| YTD Return | -0.35% | -1.76% |
| 1Y Return | 21.77% | 16.63% |
| 3Y Return (Ann) | -4.09% | -4.62% |
| 5Y Return (Ann) | 7.13% | 7.27% |
| Sharpe Ratio | 1.17 | 0.80 |
| Sortino Ratio | 1.67 | 1.20 |
| Omega Ratio | 1.20 | 1.14 |
| Calmar Ratio | 0.80 | 0.56 |
| Martin Ratio | 4.95 | 3.54 |
| Ulcer Index | 4.51% | 3.65% |
| Daily Std Dev | 19.03% | 16.44% |
| Max Drawdown | -74.27% | -32.75% |
| Current Drawdown | -12.27% | -13.20% |
Correlation
The correlation between EWD and OMXS.L is 0.83, 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
EWD vs. OMXS.L - Performance Comparison
In the year-to-date period, EWD achieves a -0.35% return, which is significantly higher than OMXS.L's -1.76% 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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EWD vs. OMXS.L - Expense Ratio Comparison
EWD has a 0.55% expense ratio, which is higher than OMXS.L's 0.10% expense ratio.
Risk-Adjusted Performance
EWD vs. OMXS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Sweden ETF (EWD) and iShares OMX Stockholm Capped UCITS ETF (OMXS.L). 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. OMXS.L - Dividend Comparison
EWD's dividend yield for the trailing twelve months is around 4.16%, while OMXS.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWD iShares MSCI Sweden ETF | 4.16% | 2.41% | 3.68% | 5.46% | 0.98% | 4.15% | 5.17% | 3.23% | 3.91% | 4.08% | 3.92% | 3.47% |
OMXS.L iShares OMX Stockholm Capped UCITS ETF | 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
EWD vs. OMXS.L - Drawdown Comparison
The maximum EWD drawdown since its inception was -74.27%, which is greater than OMXS.L's maximum drawdown of -32.75%. Use the drawdown chart below to compare losses from any high point for EWD and OMXS.L. For additional features, visit the drawdowns tool.
Volatility
EWD vs. OMXS.L - Volatility Comparison
The current volatility for iShares MSCI Sweden ETF (EWD) is 6.45%, while iShares OMX Stockholm Capped UCITS ETF (OMXS.L) has a volatility of 7.10%. This indicates that EWD experiences smaller price fluctuations and is considered to be less risky than OMXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.