EWH vs. EWM
Compare and contrast key facts about iShares MSCI Hong Kong ETF (EWH) and iShares MSCI Malaysia ETF (EWM).
EWH and EWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong Index. It was launched on Mar 12, 1996. EWM is a passively managed fund by iShares that tracks the performance of the MSCI Malaysia Index. It was launched on Mar 12, 1996. Both EWH and EWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWH vs. EWM - Performance Comparison
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EWH vs. EWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 8.66% | 34.50% | 0.00% | -13.87% | -6.81% | -3.49% | 4.17% | 10.74% | -8.76% | 36.46% |
EWM iShares MSCI Malaysia ETF | 3.84% | 15.74% | 19.46% | -3.61% | -6.00% | -7.40% | 3.12% | -1.41% | -6.28% | 24.25% |
Returns By Period
In the year-to-date period, EWH achieves a 8.66% return, which is significantly higher than EWM's 3.84% return. Over the past 10 years, EWH has outperformed EWM with an annualized return of 5.22%, while EWM has yielded a comparatively lower 1.76% annualized return.
EWH
- 1D
- 3.17%
- 1M
- -4.63%
- YTD
- 8.66%
- 6M
- 10.59%
- 1Y
- 39.05%
- 3Y*
- 8.77%
- 5Y*
- 0.83%
- 10Y*
- 5.22%
EWM
- 1D
- 1.68%
- 1M
- -2.77%
- YTD
- 3.84%
- 6M
- 11.36%
- 1Y
- 27.73%
- 3Y*
- 12.55%
- 5Y*
- 4.95%
- 10Y*
- 1.76%
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EWH vs. EWM - Expense Ratio Comparison
Both EWH and EWM have an expense ratio of 0.49%.
Return for Risk
EWH vs. EWM — Risk / Return Rank
EWH
EWM
EWH vs. EWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Hong Kong ETF (EWH) and iShares MSCI Malaysia ETF (EWM). 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.
| EWH | EWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.76 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.66 | 2.41 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.10 | -0.44 |
Martin ratioReturn relative to average drawdown | 11.06 | 11.53 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWH | EWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.76 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.37 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.11 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.07 | +0.11 |
Correlation
The correlation between EWH and EWM is 0.46, 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.
Dividends
EWH vs. EWM - Dividend Comparison
EWH's dividend yield for the trailing twelve months is around 4.78%, more than EWM's 3.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 4.78% | 5.20% | 4.17% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% |
EWM iShares MSCI Malaysia ETF | 3.29% | 3.41% | 3.32% | 3.47% | 3.00% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.54% |
Drawdowns
EWH vs. EWM - Drawdown Comparison
The maximum EWH drawdown since its inception was -66.44%, smaller than the maximum EWM drawdown of -89.19%. Use the drawdown chart below to compare losses from any high point for EWH and EWM.
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Drawdown Indicators
| EWH | EWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -89.19% | +22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -9.09% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -42.71% | -23.84% | -18.87% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -43.81% | +1.10% |
Current DrawdownCurrent decline from peak | -4.63% | -8.24% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -19.58% | -31.98% | +12.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.44% | +1.05% |
Volatility
EWH vs. EWM - Volatility Comparison
iShares MSCI Hong Kong ETF (EWH) has a higher volatility of 6.30% compared to iShares MSCI Malaysia ETF (EWM) at 5.96%. This indicates that EWH's price experiences larger fluctuations and is considered to be riskier than EWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWH | EWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 5.96% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 10.29% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 15.87% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 13.62% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 16.36% | +3.19% |