EWI vs. FEZ
Compare and contrast key facts about iShares MSCI Italy ETF (EWI) and SPDR EURO STOXX 50 ETF (FEZ).
EWI and FEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWI is a passively managed fund by iShares that tracks the performance of the MSCI Italy Index. It was launched on Mar 12, 1996. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002. Both EWI and FEZ 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: EWI or FEZ.
Key characteristics
| EWI | FEZ | |
|---|---|---|
| YTD Return | 15.35% | 7.93% |
| 1Y Return | 26.43% | 20.84% |
| 3Y Return (Ann) | 7.82% | 4.36% |
| 5Y Return (Ann) | 8.84% | 7.91% |
| 10Y Return (Ann) | 6.32% | 6.07% |
| Sharpe Ratio | 1.86 | 1.40 |
| Sortino Ratio | 2.53 | 1.99 |
| Omega Ratio | 1.31 | 1.24 |
| Calmar Ratio | 1.07 | 2.18 |
| Martin Ratio | 10.02 | 6.86 |
| Ulcer Index | 2.81% | 3.17% |
| Daily Std Dev | 15.12% | 15.51% |
| Max Drawdown | -70.38% | -64.21% |
| Current Drawdown | -5.84% | -6.45% |
Correlation
The correlation between EWI and FEZ is 0.88, 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. FEZ - Performance Comparison
In the year-to-date period, EWI achieves a 15.35% return, which is significantly higher than FEZ's 7.93% return. Both investments have delivered pretty close results over the past 10 years, with EWI having a 6.32% annualized return and FEZ not far behind at 6.07%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWI vs. FEZ - Expense Ratio Comparison
EWI has a 0.49% expense ratio, which is higher than FEZ's 0.29% expense ratio.
Risk-Adjusted Performance
EWI vs. FEZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) and SPDR EURO STOXX 50 ETF (FEZ). 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
EWI vs. FEZ - Dividend Comparison
EWI's dividend yield for the trailing twelve months is around 3.47%, more than FEZ's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FEZ SPDR EURO STOXX 50 ETF | 2.73% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% | 3.78% | 2.72% |
Drawdowns
EWI vs. FEZ - Drawdown Comparison
The maximum EWI drawdown since its inception was -70.38%, which is greater than FEZ's maximum drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for EWI and FEZ. For additional features, visit the drawdowns tool.
Volatility
EWI vs. FEZ - Volatility Comparison
The current volatility for iShares MSCI Italy ETF (EWI) is 3.27%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 4.02%. This indicates that EWI experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.