EWL vs. EWQ
Compare and contrast key facts about iShares MSCI Switzerland ETF (EWL) and iShares MSCI France ETF (EWQ).
EWL and EWQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWL is a passively managed fund by iShares that tracks the performance of the MSCI Switzerland Index. It was launched on Mar 12, 1996. EWQ is a passively managed fund by iShares that tracks the performance of the MSCI France Index. It was launched on Mar 12, 1996. Both EWL and EWQ 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: EWL or EWQ.
Key characteristics
| EWL | EWQ | |
|---|---|---|
| YTD Return | -0.12% | 8.12% |
| 1Y Return | 1.46% | 11.83% |
| 3Y Return (Ann) | 2.76% | 6.83% |
| 5Y Return (Ann) | 8.04% | 10.09% |
| 10Y Return (Ann) | 5.44% | 6.35% |
| Sharpe Ratio | 0.15 | 0.86 |
| Daily Std Dev | 12.65% | 14.53% |
| Max Drawdown | -51.62% | -61.41% |
| Current Drawdown | -5.20% | 0.00% |
Correlation
The correlation between EWL and EWQ is 0.69, 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
EWL vs. EWQ - Performance Comparison
In the year-to-date period, EWL achieves a -0.12% return, which is significantly lower than EWQ's 8.12% return. Over the past 10 years, EWL has underperformed EWQ with an annualized return of 5.44%, while EWQ has yielded a comparatively higher 6.35% 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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EWL vs. EWQ - Expense Ratio Comparison
Both EWL and EWQ have an expense ratio of 0.50%.
Risk-Adjusted Performance
EWL vs. EWQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) and iShares MSCI France ETF (EWQ). 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
EWL vs. EWQ - Dividend Comparison
EWL's dividend yield for the trailing twelve months is around 2.12%, less than EWQ's 2.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 2.12% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% | 2.49% | 1.83% |
EWQ iShares MSCI France ETF | 2.52% | 2.73% | 3.23% | 3.79% | 1.02% | 2.44% | 2.90% | 1.90% | 2.84% | 2.25% | 3.37% | 2.43% |
Drawdowns
EWL vs. EWQ - Drawdown Comparison
The maximum EWL drawdown since its inception was -51.62%, smaller than the maximum EWQ drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for EWL and EWQ. For additional features, visit the drawdowns tool.
Volatility
EWL vs. EWQ - Volatility Comparison
iShares MSCI Switzerland ETF (EWL) has a higher volatility of 3.72% compared to iShares MSCI France ETF (EWQ) at 2.95%. This indicates that EWL's price experiences larger fluctuations and is considered to be riskier than EWQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.