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

Key characteristics


EWIEWP
YTD Return15.35%14.05%
1Y Return26.43%27.35%
3Y Return (Ann)7.82%10.01%
5Y Return (Ann)8.84%6.93%
10Y Return (Ann)6.32%2.91%
Sharpe Ratio1.861.80
Sortino Ratio2.532.44
Omega Ratio1.311.31
Calmar Ratio1.071.40
Martin Ratio10.029.10
Ulcer Index2.81%3.09%
Daily Std Dev15.12%15.68%
Max Drawdown-70.38%-61.19%
Current Drawdown-5.84%-3.51%

Correlation

-0.50.00.51.00.8

The correlation between EWI and EWP is 0.78, 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

EWI vs. EWP - Performance Comparison

In the year-to-date period, EWI achieves a 15.35% return, which is significantly higher than EWP's 14.05% return. Over the past 10 years, EWI has outperformed EWP with an annualized return of 6.32%, while EWP has yielded a comparatively lower 2.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.70%
8.72%
EWI
EWP

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EWI vs. EWP - Expense Ratio Comparison

EWI has a 0.49% expense ratio, which is lower than EWP's 0.50% expense ratio.


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

Risk-Adjusted Performance

EWI vs. EWP - Risk-Adjusted Performance Comparison

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


EWI
Sharpe ratio
The chart of Sharpe ratio for EWI, currently valued at 1.86, compared to the broader market0.002.004.006.001.86
Sortino ratio
The chart of Sortino ratio for EWI, currently valued at 2.53, compared to the broader market0.005.0010.002.53
Omega ratio
The chart of Omega ratio for EWI, currently valued at 1.31, compared to the broader market1.001.502.002.503.001.31
Calmar ratio
The chart of Calmar ratio for EWI, currently valued at 1.07, compared to the broader market0.005.0010.0015.0020.001.07
Martin ratio
The chart of Martin ratio for EWI, currently valued at 10.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.0010.02
EWP
Sharpe ratio
The chart of Sharpe ratio for EWP, currently valued at 1.80, compared to the broader market0.002.004.006.001.80
Sortino ratio
The chart of Sortino ratio for EWP, currently valued at 2.44, compared to the broader market0.005.0010.002.44
Omega ratio
The chart of Omega ratio for EWP, currently valued at 1.31, compared to the broader market1.001.502.002.503.001.31
Calmar ratio
The chart of Calmar ratio for EWP, currently valued at 1.40, compared to the broader market0.005.0010.0015.0020.001.40
Martin ratio
The chart of Martin ratio for EWP, currently valued at 9.10, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.10

EWI vs. EWP - Sharpe Ratio Comparison

The current EWI Sharpe Ratio is 1.86, which is comparable to the EWP Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of EWI and EWP, 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 Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.86
1.80
EWI
EWP

Dividends

EWI vs. EWP - Dividend Comparison

EWI's dividend yield for the trailing twelve months is around 3.47%, more than EWP's 2.93% yield.


TTM20232022202120202019201820172016201520142013
EWI
iShares MSCI Italy ETF
3.47%3.40%4.57%2.63%1.66%3.80%4.71%2.19%3.64%2.31%2.51%2.19%
EWP
iShares MSCI Spain ETF
2.93%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%4.72%2.84%

Drawdowns

EWI vs. EWP - Drawdown Comparison

The maximum EWI drawdown since its inception was -70.38%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for EWI and EWP. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.84%
-3.51%
EWI
EWP

Volatility

EWI vs. EWP - Volatility Comparison

The current volatility for iShares MSCI Italy ETF (EWI) is 3.27%, while iShares MSCI Spain ETF (EWP) has a volatility of 3.51%. This indicates that EWI 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.


3.00%3.50%4.00%4.50%5.00%5.50%6.00%6.50%JuneJulyAugustSeptemberOctoberNovember
3.27%
3.51%
EWI
EWP