EWO vs. SPG
EWO (iShares MSCI Austria ETF) is Europe Equities fund tracking the MSCI Austria Investable Market Index, while SPG (Simon Property Group, Inc.) is a stock. Over the past 10 years, EWO returned 15.10%/yr vs 6.11%/yr for SPG. At a 0.33 correlation, their price movements are largely independent.
Performance
EWO vs. SPG - Performance Comparison
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Returns By Period
In the year-to-date period, EWO achieves a 18.55% return, which is significantly lower than SPG's 21.01% return. Over the past 10 years, EWO has outperformed SPG with an annualized return of 15.10%, while SPG has yielded a comparatively lower 6.11% annualized return.
EWO
- 1D
- 1.37%
- 1M
- 6.75%
- YTD
- 18.55%
- 6M
- 23.71%
- 1Y
- 48.35%
- 3Y*
- 33.19%
- 5Y*
- 15.56%
- 10Y*
- 15.10%
SPG
- 1D
- 1.95%
- 1M
- 10.71%
- YTD
- 21.01%
- 6M
- 23.06%
- 1Y
- 46.24%
- 3Y*
- 32.01%
- 5Y*
- 16.57%
- 10Y*
- 6.11%
EWO vs. SPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWO iShares MSCI Austria ETF | 18.55% | 74.21% | 4.05% | 20.63% | -21.95% | 31.50% | -3.67% | 17.05% | -22.88% | 52.47% |
SPG Simon Property Group, Inc. | 21.01% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
Correlation
The correlation between EWO and SPG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.33 |
The correlation between EWO and SPG shifts across timeframes, from 0.29 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EWO vs. SPG — Risk / Return Rank
EWO
SPG
EWO vs. SPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Austria ETF (EWO) and Simon Property Group, Inc. (SPG). 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.
| EWO | SPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.88 | -0.59 |
| Martin ratioReturn relative to average drawdown | 11.10 | 14.03 | -2.93 |
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Drawdowns
EWO vs. SPG - Drawdown Comparison
The maximum EWO drawdown since its inception was -75.69%, roughly equal to the maximum SPG drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for EWO and SPG.
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Drawdown Indicators
| EWO | SPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -77.00% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -11.54% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -24.32% | +7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -41.82% | -45.84% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -58.10% | -77.00% | +18.90% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -28.10% | -13.83% | -14.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.18% | +0.98% |
Volatility
EWO vs. SPG - Volatility Comparison
iShares MSCI Austria ETF (EWO) has a higher volatility of 7.31% compared to Simon Property Group, Inc. (SPG) at 5.43%. This indicates that EWO's price experiences larger fluctuations and is considered to be riskier than SPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWO | SPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 5.43% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.88% | 14.08% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 18.76% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.95% | 26.55% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.88% | 37.08% | -14.20% |
Dividends
EWO vs. SPG - Dividend Comparison
EWO's dividend yield for the trailing twelve months is around 2.01%, less than SPG's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWO iShares MSCI Austria ETF | 2.01% | 2.38% | 7.40% | 5.66% | 4.75% | 2.42% | 0.98% | 3.11% | 4.04% | 2.03% | 1.99% | 1.51% |
SPG Simon Property Group, Inc. | 4.02% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
Frequently Asked Questions
EWO and SPG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWO has higher volatility (7.31%) compared to SPG (5.43%). In terms of maximum drawdown, EWO dropped -75.69% vs SPG's -77.00%.
EWO currently has the higher Sharpe Ratio (2.41 vs 2.38), 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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