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EWI vs. EIRL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

EWI vs. EIRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Italy ETF (EWI) and iShares MSCI Ireland ETF (EIRL). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
-3.76%
-13.93%
EWI
EIRL

Returns By Period

In the year-to-date period, EWI achieves a 8.55% return, which is significantly higher than EIRL's -1.64% return. Over the past 10 years, EWI has underperformed EIRL with an annualized return of 5.18%, while EIRL has yielded a comparatively higher 7.12% annualized return.


EWI

YTD

8.55%

1M

-6.26%

6M

-3.76%

1Y

15.13%

5Y (annualized)

7.65%

10Y (annualized)

5.18%

EIRL

YTD

-1.64%

1M

-11.87%

6M

-13.93%

1Y

6.56%

5Y (annualized)

7.48%

10Y (annualized)

7.12%

Key characteristics


EWIEIRL
Sharpe Ratio0.980.46
Sortino Ratio1.370.76
Omega Ratio1.171.09
Calmar Ratio0.640.46
Martin Ratio4.611.64
Ulcer Index3.22%4.57%
Daily Std Dev15.18%16.32%
Max Drawdown-70.38%-46.48%
Current Drawdown-11.38%-15.55%

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EWI vs. EIRL - Expense Ratio Comparison

Both EWI and EIRL have an expense ratio of 0.49%.


EWI
iShares MSCI Italy ETF
Expense ratio chart for EWI: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for EIRL: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Correlation

-0.50.00.51.00.7

The correlation between EWI and EIRL is 0.66, 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.

Risk-Adjusted Performance

EWI vs. EIRL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) and iShares MSCI Ireland ETF (EIRL). 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.


Sharpe ratio
The chart of Sharpe ratio for EWI, currently valued at 0.98, compared to the broader market0.002.004.000.980.46
The chart of Sortino ratio for EWI, currently valued at 1.37, compared to the broader market-2.000.002.004.006.008.0010.001.370.76
The chart of Omega ratio for EWI, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.001.171.09
The chart of Calmar ratio for EWI, currently valued at 1.65, compared to the broader market0.005.0010.0015.001.650.46
The chart of Martin ratio for EWI, currently valued at 4.61, compared to the broader market0.0020.0040.0060.0080.00100.004.611.64
EWI
EIRL

The current EWI Sharpe Ratio is 0.98, which is higher than the EIRL Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of EWI and EIRL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
0.98
0.46
EWI
EIRL

Dividends

EWI vs. EIRL - Dividend Comparison

EWI's dividend yield for the trailing twelve months is around 3.68%, more than EIRL's 1.65% yield.


TTM20232022202120202019201820172016201520142013
EWI
iShares MSCI Italy ETF
3.68%3.40%4.57%2.63%1.65%3.80%4.70%2.19%3.64%2.31%2.51%2.19%
EIRL
iShares MSCI Ireland ETF
1.65%1.00%1.13%0.81%0.50%2.11%1.52%1.44%1.34%1.70%2.26%1.65%

Drawdowns

EWI vs. EIRL - Drawdown Comparison

The maximum EWI drawdown since its inception was -70.38%, which is greater than EIRL's maximum drawdown of -46.48%. Use the drawdown chart below to compare losses from any high point for EWI and EIRL. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-8.82%
-15.55%
EWI
EIRL

Volatility

EWI vs. EIRL - Volatility Comparison

The current volatility for iShares MSCI Italy ETF (EWI) is 4.52%, while iShares MSCI Ireland ETF (EIRL) has a volatility of 5.91%. This indicates that EWI experiences smaller price fluctuations and is considered to be less risky than EIRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%3.50%4.00%4.50%5.00%5.50%6.00%6.50%JuneJulyAugustSeptemberOctoberNovember
4.52%
5.91%
EWI
EIRL