EWL vs. TCIEX
Compare and contrast key facts about iShares MSCI Switzerland ETF (EWL) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX).
EWL is a passively managed fund by iShares that tracks the performance of the MSCI Switzerland Index. It was launched on Mar 12, 1996. TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002. Both EWL and TCIEX 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 TCIEX.
Performance
EWL vs. TCIEX - Performance Comparison
Returns By Period
In the year-to-date period, EWL achieves a -0.01% return, which is significantly lower than TCIEX's 4.89% return. Over the past 10 years, EWL has outperformed TCIEX with an annualized return of 5.88%, while TCIEX has yielded a comparatively lower 5.05% annualized return.
EWL
-0.01%
-6.51%
-0.12%
7.61%
6.17%
5.88%
TCIEX
4.89%
-2.80%
-2.43%
11.29%
5.81%
5.05%
Key characteristics
| EWL | TCIEX | |
|---|---|---|
| Sharpe Ratio | 0.61 | 0.83 |
| Sortino Ratio | 0.92 | 1.23 |
| Omega Ratio | 1.11 | 1.15 |
| Calmar Ratio | 0.64 | 1.27 |
| Martin Ratio | 2.16 | 3.83 |
| Ulcer Index | 3.52% | 2.95% |
| Daily Std Dev | 12.43% | 13.56% |
| Max Drawdown | -51.62% | -60.62% |
| Current Drawdown | -10.54% | -8.28% |
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EWL vs. TCIEX - Expense Ratio Comparison
EWL has a 0.50% expense ratio, which is higher than TCIEX's 0.05% expense ratio.
Correlation
The correlation between EWL and TCIEX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EWL vs. TCIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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. TCIEX - Dividend Comparison
EWL's dividend yield for the trailing twelve months is around 2.15%, less than TCIEX's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 2.15% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% | 2.49% | 1.83% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.00% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.05% | 3.94% | 2.83% |
Drawdowns
EWL vs. TCIEX - Drawdown Comparison
The maximum EWL drawdown since its inception was -51.62%, smaller than the maximum TCIEX drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for EWL and TCIEX. For additional features, visit the drawdowns tool.
Volatility
EWL vs. TCIEX - Volatility Comparison
iShares MSCI Switzerland ETF (EWL) has a higher volatility of 3.87% compared to TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) at 3.66%. This indicates that EWL's price experiences larger fluctuations and is considered to be riskier than TCIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.