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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWP or EWG.
Performance
EWP vs. EWG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with EWP having a 8.97% return and EWG slightly lower at 8.65%. Over the past 10 years, EWP has underperformed EWG with an annualized return of 2.08%, while EWG has yielded a comparatively higher 3.68% annualized return.
EWP
8.97%
-5.14%
-0.69%
13.07%
6.43%
2.08%
EWG
8.65%
-5.61%
-0.25%
14.93%
4.42%
3.68%
Key characteristics
| EWP | EWG | |
|---|---|---|
| Sharpe Ratio | 0.85 | 1.05 |
| Sortino Ratio | 1.20 | 1.51 |
| Omega Ratio | 1.15 | 1.18 |
| Calmar Ratio | 0.90 | 0.90 |
| Martin Ratio | 4.00 | 5.21 |
| Ulcer Index | 3.48% | 2.93% |
| Daily Std Dev | 16.33% | 14.53% |
| Max Drawdown | -61.19% | -67.58% |
| Current Drawdown | -7.81% | -7.19% |
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EWP vs. EWG - Expense Ratio Comparison
EWP has a 0.50% expense ratio, which is higher than EWG's 0.49% expense ratio.
Correlation
The correlation between EWP and EWG is 0.75, 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.
Risk-Adjusted Performance
EWP vs. EWG - Risk-Adjusted Performance 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.
Dividends
EWP vs. EWG - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 3.07%, more than EWG's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 3.07% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% | 4.72% | 2.84% |
EWG iShares MSCI Germany ETF | 2.41% | 2.56% | 3.24% | 2.70% | 2.10% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% | 2.30% | 1.37% |
Drawdowns
EWP vs. EWG - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum EWG drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for EWP and EWG. For additional features, visit the drawdowns tool.
Volatility
EWP vs. EWG - Volatility Comparison
iShares MSCI Spain ETF (EWP) has a higher volatility of 6.66% compared to iShares MSCI Germany ETF (EWG) at 5.54%. 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.