EWO vs. EEM
Compare and contrast key facts about iShares MSCI Austria ETF (EWO) and iShares MSCI Emerging Markets ETF (EEM).
EWO and EEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWO is a passively managed fund by iShares that tracks the performance of the MSCI Austria Investable Market Index. It was launched on Mar 12, 1996. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. Both EWO and EEM 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: EWO or EEM.
Key characteristics
| EWO | EEM | |
|---|---|---|
| YTD Return | 2.99% | 12.16% |
| 1Y Return | 14.87% | 18.74% |
| 3Y Return (Ann) | -1.75% | -1.87% |
| 5Y Return (Ann) | 4.26% | 2.82% |
| 10Y Return (Ann) | 6.27% | 3.06% |
| Sharpe Ratio | 0.94 | 1.21 |
| Sortino Ratio | 1.32 | 1.78 |
| Omega Ratio | 1.16 | 1.22 |
| Calmar Ratio | 0.58 | 0.60 |
| Martin Ratio | 4.11 | 6.25 |
| Ulcer Index | 3.26% | 2.97% |
| Daily Std Dev | 14.25% | 15.33% |
| Max Drawdown | -75.69% | -66.44% |
| Current Drawdown | -11.62% | -16.61% |
Correlation
The correlation between EWO and EEM is 0.63, 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
EWO vs. EEM - Performance Comparison
In the year-to-date period, EWO achieves a 2.99% return, which is significantly lower than EEM's 12.16% return. Over the past 10 years, EWO has outperformed EEM with an annualized return of 6.27%, while EEM has yielded a comparatively lower 3.06% 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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EWO vs. EEM - Expense Ratio Comparison
EWO has a 0.49% expense ratio, which is lower than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
EWO vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Austria ETF (EWO) and iShares MSCI Emerging Markets ETF (EEM). 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
EWO vs. EEM - Dividend Comparison
EWO's dividend yield for the trailing twelve months is around 7.57%, more than EEM's 2.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWO iShares MSCI Austria ETF | 7.57% | 5.65% | 4.75% | 2.42% | 0.98% | 3.11% | 4.04% | 2.03% | 1.99% | 1.51% | 3.93% | 2.02% |
EEM iShares MSCI Emerging Markets ETF | 2.32% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% | 2.06% |
Drawdowns
EWO vs. EEM - Drawdown Comparison
The maximum EWO drawdown since its inception was -75.69%, which is greater than EEM's maximum drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for EWO and EEM. For additional features, visit the drawdowns tool.
Volatility
EWO vs. EEM - Volatility Comparison
iShares MSCI Austria ETF (EWO) has a higher volatility of 4.27% compared to iShares MSCI Emerging Markets ETF (EEM) at 3.70%. This indicates that EWO's price experiences larger fluctuations and is considered to be riskier than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.