EWP vs. EWG
Compare and contrast key facts about iShares MSCI Spain ETF (EWP) and iShares MSCI Germany ETF (EWG).
EWP and EWG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWP is a passively managed fund by iShares that tracks the performance of the MSCI Spain Index. It was launched on Mar 12, 1996. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. Both EWP and EWG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWP vs. EWG - Performance Comparison
Loading graphics...
EWP vs. EWG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 0.74% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
EWG iShares MSCI Germany ETF | -6.66% | 35.79% | 9.79% | 23.35% | -22.27% | 5.84% | 10.09% | 19.15% | -21.40% | 27.42% |
Returns By Period
In the year-to-date period, EWP achieves a 0.74% return, which is significantly higher than EWG's -6.66% return. Over the past 10 years, EWP has outperformed EWG with an annualized return of 10.80%, while EWG has yielded a comparatively lower 7.03% annualized return.
EWP
- 1D
- 4.00%
- 1M
- -5.12%
- YTD
- 0.74%
- 6M
- 11.24%
- 1Y
- 46.32%
- 3Y*
- 28.91%
- 5Y*
- 18.10%
- 10Y*
- 10.80%
EWG
- 1D
- 3.39%
- 1M
- -10.53%
- YTD
- -6.66%
- 6M
- -4.66%
- 1Y
- 8.76%
- 3Y*
- 14.25%
- 5Y*
- 5.73%
- 10Y*
- 7.03%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EWP vs. EWG - Expense Ratio Comparison
EWP has a 0.50% expense ratio, which is higher than EWG's 0.49% expense ratio.
Return for Risk
EWP vs. EWG — Risk / Return Rank
EWP
EWG
EWP vs. EWG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and iShares MSCI Germany ETF (EWG). 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.
| EWP | EWG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 0.44 | +1.72 |
Sortino ratioReturn per unit of downside risk | 2.74 | 0.77 | +1.97 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.10 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 3.69 | 0.54 | +3.15 |
Martin ratioReturn relative to average drawdown | 14.14 | 1.76 | +12.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EWP | EWG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.44 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.28 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.34 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.24 | +0.07 |
Correlation
The correlation between EWP and EWG is 0.74, 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.
Dividends
EWP vs. EWG - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.25%, more than EWG's 1.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.25% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
EWG iShares MSCI Germany ETF | 1.71% | 1.60% | 2.38% | 2.56% | 3.24% | 2.70% | 1.67% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% |
Drawdowns
EWP vs. EWG - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum EWG drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for EWP and EWG.
Loading graphics...
Drawdown Indicators
| EWP | EWG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -67.57% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -14.54% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | -43.44% | +9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -46.80% | +0.44% |
Current DrawdownCurrent decline from peak | -6.78% | -10.97% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -21.54% | -19.28% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.46% | -1.28% |
Volatility
EWP vs. EWG - Volatility Comparison
iShares MSCI Spain ETF (EWP) has a higher volatility of 9.97% compared to iShares MSCI Germany ETF (EWG) at 8.65%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than EWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EWP | EWG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 8.65% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 12.39% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 19.80% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 20.30% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 21.03% | +1.18% |