EWL vs. TILGX
EWL (iShares MSCI Switzerland ETF) and TILGX (TIAA-CREF Large-Cap Growth Fund Institutional Class) are both funds - EWL is a Europe Equities fund tracking the MSCI Switzerland Index, while TILGX is a Large Cap Growth Equities fund managed by TIAA Investments. Over the past 10 years, EWL returned 10.25%/yr vs 16.85%/yr for TILGX. A 0.63 correlation means they provide meaningful diversification when combined. EWL charges 0.50%/yr vs 0.40%/yr for TILGX.
Performance
EWL vs. TILGX - Performance Comparison
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Returns By Period
In the year-to-date period, EWL achieves a 4.35% return, which is significantly higher than TILGX's 3.61% return. Over the past 10 years, EWL has underperformed TILGX with an annualized return of 10.25%, while TILGX has yielded a comparatively higher 16.85% annualized return.
EWL
- 1D
- 0.38%
- 1M
- -0.12%
- YTD
- 4.35%
- 6M
- 3.59%
- 1Y
- 17.04%
- 3Y*
- 12.55%
- 5Y*
- 6.65%
- 10Y*
- 10.25%
TILGX
- 1D
- -1.15%
- 1M
- -2.33%
- YTD
- 3.61%
- 6M
- 2.45%
- 1Y
- 18.34%
- 3Y*
- 20.44%
- 5Y*
- 9.65%
- 10Y*
- 16.85%
EWL vs. TILGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 4.35% | 32.92% | -2.80% | 17.67% | -18.89% | 20.20% | 11.80% | 31.58% | -9.21% | 23.34% |
TILGX TIAA-CREF Large-Cap Growth Fund Institutional Class | 3.61% | 15.25% | 29.23% | 47.05% | -32.76% | 16.84% | 44.23% | 30.76% | -0.38% | 33.89% |
Correlation
The correlation between EWL and TILGX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2006 | 0.63 |
Over the past year, the correlation between EWL and TILGX has dropped to 0.41 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
EWL vs. TILGX — Risk / Return Rank
EWL
TILGX
EWL vs. TILGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) and TIAA-CREF Large-Cap Growth Fund Institutional Class (TILGX). 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 | TILGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.30 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.04 | 4.30 | -0.26 |
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Drawdowns
EWL vs. TILGX - Drawdown Comparison
The maximum EWL drawdown since its inception was -51.62%, roughly equal to the maximum TILGX drawdown of -52.16%. Use the drawdown chart below to compare losses from any high point for EWL and TILGX.
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Drawdown Indicators
| EWL | TILGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.62% | -52.16% | +0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -15.19% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -23.94% | +10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -37.86% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -28.99% | -37.86% | +8.87% |
Current DrawdownCurrent decline from peak | -3.86% | -4.25% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -8.83% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 4.58% | -0.35% |
Volatility
EWL vs. TILGX - Volatility Comparison
The current volatility for iShares MSCI Switzerland ETF (EWL) is 4.71%, while TIAA-CREF Large-Cap Growth Fund Institutional Class (TILGX) has a volatility of 5.27%. This indicates that EWL experiences smaller price fluctuations and is considered to be less risky than TILGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWL | TILGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.27% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 12.12% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 16.18% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 21.96% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 21.66% | -5.36% |
EWL vs. TILGX - Expense Ratio Comparison
EWL has a 0.50% expense ratio, which is higher than TILGX's 0.40% expense ratio.
Dividends
EWL vs. TILGX - Dividend Comparison
EWL's dividend yield for the trailing twelve months is around 1.77%, less than TILGX's 13.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 1.77% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
TILGX TIAA-CREF Large-Cap Growth Fund Institutional Class | 13.39% | 13.87% | 6.41% | 0.22% | 0.42% | 10.49% | 37.04% | 4.41% | 14.12% | 3.83% | 1.82% | 3.80% |
Frequently Asked Questions
EWL and TILGX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILGX has higher volatility (5.27%) compared to EWL (4.71%). In terms of maximum drawdown, EWL dropped -51.62% vs TILGX's -52.16%.
TILGX currently has the higher Sharpe Ratio (1.22 vs 1.08), 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.
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