EWJ vs. EWA
Compare and contrast key facts about iShares MSCI Japan ETF (EWJ) and iShares MSCI-Australia ETF (EWA).
EWJ and EWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. EWA is a passively managed fund by iShares that tracks the performance of the MSCI Australia Index. It was launched on Mar 18, 1996. Both EWJ and EWA 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: EWJ or EWA.
Performance
EWJ vs. EWA - Performance Comparison
Returns By Period
In the year-to-date period, EWJ achieves a 6.00% return, which is significantly lower than EWA's 7.08% return. Over the past 10 years, EWJ has outperformed EWA with an annualized return of 5.55%, while EWA has yielded a comparatively lower 5.26% annualized return.
EWJ
6.00%
-3.76%
-1.08%
10.57%
4.25%
5.55%
EWA
7.08%
-3.73%
3.26%
19.73%
6.48%
5.26%
Key characteristics
| EWJ | EWA | |
|---|---|---|
| Sharpe Ratio | 0.74 | 1.18 |
| Sortino Ratio | 1.08 | 1.73 |
| Omega Ratio | 1.14 | 1.21 |
| Calmar Ratio | 0.88 | 1.59 |
| Martin Ratio | 3.23 | 6.35 |
| Ulcer Index | 3.92% | 3.12% |
| Daily Std Dev | 17.24% | 16.76% |
| Max Drawdown | -58.89% | -66.98% |
| Current Drawdown | -7.54% | -5.68% |
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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.
Correlation
The correlation between EWJ and EWA is 0.52, 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
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.
Dividends
EWJ vs. EWA - Dividend Comparison
EWJ's dividend yield for the trailing twelve months is around 2.05%, less than EWA's 3.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 2.05% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
EWA iShares MSCI-Australia ETF | 3.74% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% | 4.92% | 4.69% |
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.
Volatility
EWJ vs. EWA - Volatility Comparison
The current volatility for iShares MSCI Japan ETF (EWJ) is 4.45%, while iShares MSCI-Australia ETF (EWA) has a volatility of 4.99%. 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.