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EWO vs. EWL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EWO and EWL is 0.54, 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.


-0.50.00.51.00.5

Performance

EWO vs. EWL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Austria ETF (EWO) and iShares MSCI Switzerland ETF (EWL). The values are adjusted to include any dividend payments, if applicable.

300.00%400.00%500.00%600.00%700.00%JulyAugustSeptemberOctoberNovemberDecember
331.22%
572.57%
EWO
EWL

Key characteristics

Sharpe Ratio

EWO:

0.36

EWL:

0.03

Sortino Ratio

EWO:

0.57

EWL:

0.12

Omega Ratio

EWO:

1.07

EWL:

1.01

Calmar Ratio

EWO:

0.28

EWL:

0.03

Martin Ratio

EWO:

1.13

EWL:

0.08

Ulcer Index

EWO:

4.59%

EWL:

4.54%

Daily Std Dev

EWO:

14.45%

EWL:

12.65%

Max Drawdown

EWO:

-75.69%

EWL:

-51.62%

Current Drawdown

EWO:

-11.81%

EWL:

-13.11%

Returns By Period

In the year-to-date period, EWO achieves a 2.77% return, which is significantly higher than EWL's -2.89% return. Over the past 10 years, EWO has outperformed EWL with an annualized return of 6.47%, while EWL has yielded a comparatively lower 5.86% annualized return.


EWO

YTD

2.77%

1M

1.56%

6M

-1.69%

1Y

3.97%

5Y*

4.22%

10Y*

6.47%

EWL

YTD

-2.89%

1M

-2.69%

6M

-5.49%

1Y

-1.09%

5Y*

4.67%

10Y*

5.86%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


EWO vs. EWL - Expense Ratio Comparison

EWO has a 0.49% expense ratio, which is lower than EWL's 0.50% expense ratio.


EWL
iShares MSCI Switzerland ETF
Expense ratio chart for EWL: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for EWO: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Risk-Adjusted Performance

EWO vs. EWL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Austria ETF (EWO) and iShares MSCI Switzerland ETF (EWL). 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.


Sharpe ratio
The chart of Sharpe ratio for EWO, currently valued at 0.36, compared to the broader market0.002.004.000.360.03
The chart of Sortino ratio for EWO, currently valued at 0.56, compared to the broader market-2.000.002.004.006.008.0010.000.570.12
The chart of Omega ratio for EWO, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.001.071.01
The chart of Calmar ratio for EWO, currently valued at 0.28, compared to the broader market0.005.0010.0015.000.280.03
The chart of Martin ratio for EWO, currently valued at 1.13, compared to the broader market0.0020.0040.0060.0080.00100.001.130.08
EWO
EWL

The current EWO Sharpe Ratio is 0.36, which is higher than the EWL Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of EWO and EWL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.36
0.03
EWO
EWL

Dividends

EWO vs. EWL - Dividend Comparison

EWO's dividend yield for the trailing twelve months is around 7.49%, more than EWL's 2.22% yield.


TTM20232022202120202019201820172016201520142013
EWO
iShares MSCI Austria ETF
7.49%5.65%4.75%2.42%0.98%3.11%4.04%2.03%1.99%1.51%3.93%2.02%
EWL
iShares MSCI Switzerland ETF
2.22%2.12%2.04%1.73%1.45%1.85%2.56%2.05%2.75%2.58%2.49%1.83%

Drawdowns

EWO vs. EWL - Drawdown Comparison

The maximum EWO drawdown since its inception was -75.69%, which is greater than EWL's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for EWO and EWL. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.81%
-13.11%
EWO
EWL

Volatility

EWO vs. EWL - Volatility Comparison

The current volatility for iShares MSCI Austria ETF (EWO) is 3.56%, while iShares MSCI Switzerland ETF (EWL) has a volatility of 3.79%. This indicates that EWO experiences smaller price fluctuations and is considered to be less risky than EWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.56%
3.79%
EWO
EWL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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