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EWJ vs. EWA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EWJ and EWA is 0.59, 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.


Performance

EWJ vs. EWA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Japan ETF (EWJ) and iShares MSCI-Australia ETF (EWA). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%600.00%700.00%December2025FebruaryMarchAprilMay
79.11%
706.92%
EWJ
EWA

Key characteristics

Sharpe Ratio

EWJ:

0.39

EWA:

0.42

Sortino Ratio

EWJ:

0.67

EWA:

0.74

Omega Ratio

EWJ:

1.09

EWA:

1.10

Calmar Ratio

EWJ:

0.56

EWA:

0.41

Martin Ratio

EWJ:

1.68

EWA:

1.33

Ulcer Index

EWJ:

4.89%

EWA:

6.78%

Daily Std Dev

EWJ:

21.34%

EWA:

21.66%

Max Drawdown

EWJ:

-58.89%

EWA:

-66.98%

Current Drawdown

EWJ:

0.00%

EWA:

-6.04%

Returns By Period

In the year-to-date period, EWJ achieves a 7.94% return, which is significantly higher than EWA's 4.99% return. Over the past 10 years, EWJ has underperformed EWA with an annualized return of 5.03%, while EWA has yielded a comparatively higher 5.35% annualized return.


EWJ

YTD

7.94%

1M

17.75%

6M

6.50%

1Y

6.37%

5Y*

9.01%

10Y*

5.03%

EWA

YTD

4.99%

1M

18.44%

6M

-1.54%

1Y

6.32%

5Y*

12.88%

10Y*

5.35%

*Annualized

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EWJ vs. EWA - Expense Ratio Comparison

EWJ has a 0.49% expense ratio, which is lower than EWA's 0.50% expense ratio.


Risk-Adjusted Performance

EWJ vs. EWA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EWJ
The Risk-Adjusted Performance Rank of EWJ is 4545
Overall Rank
The Sharpe Ratio Rank of EWJ is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of EWJ is 4141
Sortino Ratio Rank
The Omega Ratio Rank of EWJ is 3939
Omega Ratio Rank
The Calmar Ratio Rank of EWJ is 5858
Calmar Ratio Rank
The Martin Ratio Rank of EWJ is 4848
Martin Ratio Rank

EWA
The Risk-Adjusted Performance Rank of EWA is 4444
Overall Rank
The Sharpe Ratio Rank of EWA is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of EWA is 4545
Sortino Ratio Rank
The Omega Ratio Rank of EWA is 4444
Omega Ratio Rank
The Calmar Ratio Rank of EWA is 4848
Calmar Ratio Rank
The Martin Ratio Rank of EWA is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EWJ vs. EWA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ETF (EWJ) and iShares MSCI-Australia ETF (EWA). 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.


The current EWJ Sharpe Ratio is 0.39, which is comparable to the EWA Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of EWJ and EWA, 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 Ratio-0.500.000.501.001.50December2025FebruaryMarchAprilMay
0.39
0.42
EWJ
EWA

Dividends

EWJ vs. EWA - Dividend Comparison

EWJ's dividend yield for the trailing twelve months is around 2.17%, less than EWA's 3.53% yield.


TTM20242023202220212020201920182017201620152014
EWJ
iShares MSCI Japan ETF
2.17%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%1.32%
EWA
iShares MSCI-Australia ETF
3.53%3.71%3.72%5.28%5.08%2.02%3.97%6.11%4.44%4.03%5.48%4.92%

Drawdowns

EWJ vs. EWA - Drawdown Comparison

The maximum EWJ drawdown since its inception was -58.89%, smaller than the maximum EWA drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for EWJ and EWA. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay0
-6.04%
EWJ
EWA

Volatility

EWJ vs. EWA - Volatility Comparison

The current volatility for iShares MSCI Japan ETF (EWJ) is 8.94%, while iShares MSCI-Australia ETF (EWA) has a volatility of 10.40%. This indicates that EWJ experiences smaller price fluctuations and is considered to be less risky than EWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
8.94%
10.40%
EWJ
EWA