EWL vs. PRFDX
EWL (iShares MSCI Switzerland ETF) and PRFDX (T. Rowe Price Equity Income Fund) are both funds - EWL is a Europe Equities fund tracking the MSCI Switzerland Index, while PRFDX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, EWL returned 10.14%/yr vs 11.90%/yr for PRFDX. A 0.56 correlation means they provide meaningful diversification when combined. EWL charges 0.50%/yr vs 0.63%/yr for PRFDX.
Performance
EWL vs. PRFDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EWL achieves a 4.60% return, which is significantly lower than PRFDX's 12.54% return. Over the past 10 years, EWL has underperformed PRFDX with an annualized return of 10.14%, while PRFDX has yielded a comparatively higher 11.90% annualized return.
EWL
- 1D
- -0.30%
- 1M
- 2.60%
- YTD
- 4.60%
- 6M
- 7.45%
- 1Y
- 15.73%
- 3Y*
- 12.47%
- 5Y*
- 6.50%
- 10Y*
- 10.14%
PRFDX
- 1D
- 1.76%
- 1M
- 2.70%
- YTD
- 12.54%
- 6M
- 12.89%
- 1Y
- 23.91%
- 3Y*
- 16.25%
- 5Y*
- 9.69%
- 10Y*
- 11.90%
EWL vs. PRFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 4.60% | 32.92% | -2.80% | 17.67% | -18.89% | 20.20% | 11.80% | 31.58% | -9.21% | 23.34% |
PRFDX T. Rowe Price Equity Income Fund | 12.54% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
Correlation
The correlation between EWL and PRFDX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.56 |
The correlation between EWL and PRFDX has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EWL vs. PRFDX — Risk / Return Rank
EWL
PRFDX
EWL vs. PRFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) and T. Rowe Price Equity Income Fund (PRFDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWL | PRFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.15 | -2.14 |
| Martin ratioReturn relative to average drawdown | 3.24 | 11.66 | -8.41 |
Loading charts...
Drawdowns
EWL vs. PRFDX - Drawdown Comparison
The maximum EWL drawdown since its inception was -51.62%, smaller than the maximum PRFDX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for EWL and PRFDX.
Loading charts...
Drawdown Indicators
| EWL | PRFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.62% | -58.12% | +6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -7.34% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -14.35% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -18.08% | -10.91% |
Max Drawdown (10Y)Largest decline over 10 years | -28.99% | -39.71% | +10.72% |
Current DrawdownCurrent decline from peak | -3.63% | -0.23% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -6.25% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 1.97% | +2.25% |
Volatility
EWL vs. PRFDX - Volatility Comparison
iShares MSCI Switzerland ETF (EWL) has a higher volatility of 5.12% compared to T. Rowe Price Equity Income Fund (PRFDX) at 3.56%. This indicates that EWL's price experiences larger fluctuations and is considered to be riskier than PRFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EWL | PRFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 3.56% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 8.40% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 10.96% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 14.98% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 17.87% | -1.40% |
EWL vs. PRFDX - Expense Ratio Comparison
EWL has a 0.50% expense ratio, which is lower than PRFDX's 0.63% expense ratio.
Dividends
EWL vs. PRFDX - Dividend Comparison
EWL's dividend yield for the trailing twelve months is around 1.63%, less than PRFDX's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 1.63% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
PRFDX T. Rowe Price Equity Income Fund | 2.42% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
Frequently Asked Questions
EWL and PRFDX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWL has higher volatility (5.12%) compared to PRFDX (3.56%). In terms of maximum drawdown, EWL dropped -51.62% vs PRFDX's -58.12%.
PRFDX currently has the higher Sharpe Ratio (2.11 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for EWL and PRFDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer