EWG vs. IEUR
Compare and contrast key facts about iShares MSCI Germany ETF (EWG) and iShares Core MSCI Europe ETF (IEUR).
EWG and IEUR 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. IEUR is a passively managed fund by iShares that tracks the performance of the MSCI Europe Investable Market Index. It was launched on Jun 10, 2014. Both EWG and IEUR 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 IEUR.
Performance
EWG vs. IEUR - Performance Comparison
Returns By Period
In the year-to-date period, EWG achieves a 8.96% return, which is significantly higher than IEUR's 2.45% return. Over the past 10 years, EWG has underperformed IEUR with an annualized return of 4.08%, while IEUR has yielded a comparatively higher 5.03% annualized return.
EWG
8.96%
-4.53%
-0.21%
17.09%
4.36%
4.08%
IEUR
2.45%
-6.42%
-6.34%
10.78%
5.81%
5.03%
Key characteristics
| EWG | IEUR | |
|---|---|---|
| Sharpe Ratio | 1.21 | 0.80 |
| Sortino Ratio | 1.71 | 1.17 |
| Omega Ratio | 1.21 | 1.14 |
| Calmar Ratio | 0.99 | 1.03 |
| Martin Ratio | 6.16 | 3.67 |
| Ulcer Index | 2.86% | 2.86% |
| Daily Std Dev | 14.59% | 13.18% |
| Max Drawdown | -67.58% | -36.96% |
| Current Drawdown | -6.93% | -10.19% |
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EWG vs. IEUR - Expense Ratio Comparison
EWG has a 0.49% expense ratio, which is higher than IEUR's 0.09% expense ratio.
Correlation
The correlation between EWG and IEUR is 0.92, 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. IEUR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Germany ETF (EWG) and iShares Core MSCI Europe ETF (IEUR). 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. IEUR - Dividend Comparison
EWG's dividend yield for the trailing twelve months is around 2.41%, less than IEUR's 3.19% 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% |
IEUR iShares Core MSCI Europe ETF | 3.19% | 3.17% | 3.05% | 2.87% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% | 0.64% | 0.00% |
Drawdowns
EWG vs. IEUR - Drawdown Comparison
The maximum EWG drawdown since its inception was -67.58%, which is greater than IEUR's maximum drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for EWG and IEUR. For additional features, visit the drawdowns tool.
Volatility
EWG vs. IEUR - Volatility Comparison
iShares MSCI Germany ETF (EWG) has a higher volatility of 5.71% compared to iShares Core MSCI Europe ETF (IEUR) at 4.45%. This indicates that EWG's price experiences larger fluctuations and is considered to be riskier than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.