EWG vs. EWP
Compare and contrast key facts about iShares MSCI Germany ETF (EWG) and iShares MSCI Spain ETF (EWP).
EWG and EWP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. EWP is a passively managed fund by iShares that tracks the performance of the MSCI Spain Index. It was launched on Mar 12, 1996. Both EWG and EWP 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: EWG or EWP.
Performance
EWG vs. EWP - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with EWG having a 8.96% return and EWP slightly higher at 9.04%. Over the past 10 years, EWG has outperformed EWP with an annualized return of 4.08%, while EWP has yielded a comparatively lower 2.04% annualized return.
EWG
8.96%
-4.53%
-0.21%
17.09%
4.36%
4.08%
EWP
9.04%
-5.44%
-0.81%
15.53%
6.45%
2.04%
Key characteristics
| EWG | EWP | |
|---|---|---|
| Sharpe Ratio | 1.21 | 1.01 |
| Sortino Ratio | 1.71 | 1.40 |
| Omega Ratio | 1.21 | 1.18 |
| Calmar Ratio | 0.99 | 1.07 |
| Martin Ratio | 6.16 | 4.87 |
| Ulcer Index | 2.86% | 3.41% |
| Daily Std Dev | 14.59% | 16.37% |
| Max Drawdown | -67.58% | -61.19% |
| Current Drawdown | -6.93% | -7.75% |
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EWG vs. EWP - Expense Ratio Comparison
EWG has a 0.49% expense ratio, which is lower than EWP's 0.50% expense ratio.
Correlation
The correlation between EWG and EWP is 0.75, 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.
Risk-Adjusted Performance
EWG vs. EWP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Germany ETF (EWG) and iShares MSCI Spain ETF (EWP). 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
EWG vs. EWP - Dividend Comparison
EWG's dividend yield for the trailing twelve months is around 2.41%, less than EWP's 3.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWG iShares MSCI Germany ETF | 2.41% | 2.56% | 3.24% | 2.70% | 2.10% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% | 2.30% | 1.37% |
EWP iShares MSCI Spain ETF | 3.07% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% | 4.72% | 2.84% |
Drawdowns
EWG vs. EWP - Drawdown Comparison
The maximum EWG drawdown since its inception was -67.58%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for EWG and EWP. For additional features, visit the drawdowns tool.
Volatility
EWG vs. EWP - Volatility Comparison
The current volatility for iShares MSCI Germany ETF (EWG) is 5.71%, while iShares MSCI Spain ETF (EWP) has a volatility of 6.71%. This indicates that EWG experiences smaller price fluctuations and is considered to be less risky than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.