EWK vs. BIL
Compare and contrast key facts about iShares MSCI Belgium ETF (EWK) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
EWK and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWK is a passively managed fund by iShares that tracks the performance of the MSCI Belgium Investable Market Index. It was launched on Mar 12, 1996. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both EWK and BIL 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: EWK or BIL.
Key characteristics
| EWK | BIL | |
|---|---|---|
| YTD Return | 7.18% | 4.46% |
| 1Y Return | 14.86% | 5.31% |
| 3Y Return (Ann) | -1.18% | 3.61% |
| 5Y Return (Ann) | 3.14% | 2.25% |
| 10Y Return (Ann) | 4.78% | 1.54% |
| Sharpe Ratio | 1.21 | 20.69 |
| Sortino Ratio | 1.68 | 336.67 |
| Omega Ratio | 1.22 | 239.07 |
| Calmar Ratio | 0.86 | 485.99 |
| Martin Ratio | 6.15 | 5,484.71 |
| Ulcer Index | 2.77% | 0.00% |
| Daily Std Dev | 13.99% | 0.26% |
| Max Drawdown | -74.10% | -0.77% |
| Current Drawdown | -6.50% | 0.00% |
Correlation
The correlation between EWK and BIL is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EWK vs. BIL - Performance Comparison
In the year-to-date period, EWK achieves a 7.18% return, which is significantly higher than BIL's 4.46% return. Over the past 10 years, EWK has outperformed BIL with an annualized return of 4.78%, while BIL has yielded a comparatively lower 1.54% annualized return. 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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EWK vs. BIL - Expense Ratio Comparison
EWK has a 0.49% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
EWK vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Belgium ETF (EWK) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
EWK vs. BIL - Dividend Comparison
EWK's dividend yield for the trailing twelve months is around 2.16%, less than BIL's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWK iShares MSCI Belgium ETF | 2.16% | 2.09% | 2.58% | 3.64% | 1.66% | 2.77% | 2.78% | 2.91% | 1.75% | 2.06% | 1.85% | 4.62% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.16% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWK vs. BIL - Drawdown Comparison
The maximum EWK drawdown since its inception was -74.10%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for EWK and BIL. For additional features, visit the drawdowns tool.
Volatility
EWK vs. BIL - Volatility Comparison
iShares MSCI Belgium ETF (EWK) has a higher volatility of 2.98% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that EWK's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.