EWI vs. OPPE
Compare and contrast key facts about iShares MSCI Italy ETF (EWI) and WisdomTree European Opportunities Fund (OPPE).
EWI and OPPE 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. OPPE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree European Opportunities Index. It was launched on Mar 4, 2015. Both EWI and OPPE 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
EWI vs. OPPE - Performance Comparison
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EWI vs. OPPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWI iShares MSCI Italy ETF | -1.67% | 55.72% | 10.23% | 30.63% | -14.16% | 14.38% | 1.69% | 26.98% | -17.18% | 28.70% |
OPPE WisdomTree European Opportunities Fund | 4.74% | 38.80% | 10.42% | 19.80% | -11.14% | 23.52% | -2.92% | 28.60% | -13.34% | 22.25% |
Returns By Period
In the year-to-date period, EWI achieves a -1.67% return, which is significantly lower than OPPE's 4.74% return. Both investments have delivered pretty close results over the past 10 years, with EWI having a 12.01% annualized return and OPPE not far ahead at 12.04%.
EWI
- 1D
- 4.11%
- 1M
- -6.82%
- YTD
- -1.67%
- 6M
- 4.18%
- 1Y
- 30.14%
- 3Y*
- 24.97%
- 5Y*
- 14.90%
- 10Y*
- 12.01%
OPPE
- 1D
- 2.89%
- 1M
- -4.05%
- YTD
- 4.74%
- 6M
- 10.31%
- 1Y
- 31.19%
- 3Y*
- 20.96%
- 5Y*
- 13.48%
- 10Y*
- 12.04%
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EWI vs. OPPE - Expense Ratio Comparison
EWI has a 0.49% expense ratio, which is lower than OPPE's 0.58% expense ratio.
Return for Risk
EWI vs. OPPE — Risk / Return Rank
EWI
OPPE
EWI vs. OPPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) and WisdomTree European Opportunities Fund (OPPE). 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 | OPPE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.70 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.38 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.51 | -0.49 |
Martin ratioReturn relative to average drawdown | 8.08 | 11.27 | -3.19 |
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
| EWI | OPPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.70 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.88 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.71 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.62 | -0.40 |
Correlation
The correlation between EWI and OPPE is 0.79, 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.
Dividends
EWI vs. OPPE - Dividend Comparison
EWI's dividend yield for the trailing twelve months is around 2.85%, less than OPPE's 2.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWI iShares MSCI Italy ETF | 2.85% | 2.80% | 4.07% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% |
OPPE WisdomTree European Opportunities Fund | 2.93% | 2.95% | 3.99% | 3.53% | 5.13% | 2.39% | 3.42% | 3.08% | 2.34% | 1.46% | 2.60% | 4.39% |
Drawdowns
EWI vs. OPPE - Drawdown Comparison
The maximum EWI drawdown since its inception was -70.38%, which is greater than OPPE's maximum drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for EWI and OPPE.
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Drawdown Indicators
| EWI | OPPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.38% | -39.28% | -31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -11.85% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -24.49% | -10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -43.00% | -39.28% | -3.72% |
Current DrawdownCurrent decline from peak | -7.79% | -4.58% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -29.10% | -5.53% | -23.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.64% | +0.91% |
Volatility
EWI vs. OPPE - Volatility Comparison
iShares MSCI Italy ETF (EWI) has a higher volatility of 8.91% compared to WisdomTree European Opportunities Fund (OPPE) at 6.96%. This indicates that EWI's price experiences larger fluctuations and is considered to be riskier than OPPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWI | OPPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 6.96% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 10.05% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.46% | 18.46% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.95% | 15.33% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 17.10% | +6.19% |