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EWP vs. EWI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

EWP vs. EWI - Performance Comparison

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

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
0.25%
-3.76%
EWP
EWI

Returns By Period

In the year-to-date period, EWP achieves a 8.11% return, which is significantly lower than EWI's 8.55% return. Over the past 10 years, EWP has underperformed EWI with an annualized return of 1.80%, while EWI has yielded a comparatively higher 5.18% annualized return.


EWP

YTD

8.11%

1M

-4.57%

6M

0.25%

1Y

12.48%

5Y (annualized)

6.21%

10Y (annualized)

1.80%

EWI

YTD

8.55%

1M

-6.26%

6M

-3.76%

1Y

15.13%

5Y (annualized)

7.65%

10Y (annualized)

5.18%

Key characteristics


EWPEWI
Sharpe Ratio0.790.98
Sortino Ratio1.121.37
Omega Ratio1.141.17
Calmar Ratio0.830.64
Martin Ratio3.614.61
Ulcer Index3.55%3.22%
Daily Std Dev16.32%15.18%
Max Drawdown-61.19%-70.38%
Current Drawdown-8.54%-11.38%

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EWP vs. EWI - Expense Ratio Comparison

EWP has a 0.50% expense ratio, which is higher than EWI's 0.49% expense ratio.


EWP
iShares MSCI Spain ETF
Expense ratio chart for EWP: 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 EWI: 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%

Correlation

-0.50.00.51.00.8

The correlation between EWP and EWI is 0.78, 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. EWI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and iShares MSCI Italy ETF (EWI). 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 EWP, currently valued at 0.79, compared to the broader market0.002.004.000.790.98
The chart of Sortino ratio for EWP, currently valued at 1.12, compared to the broader market-2.000.002.004.006.008.0010.0012.001.121.37
The chart of Omega ratio for EWP, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.17
The chart of Calmar ratio for EWP, currently valued at 0.83, compared to the broader market0.005.0010.0015.000.830.64
The chart of Martin ratio for EWP, currently valued at 3.61, compared to the broader market0.0020.0040.0060.0080.00100.003.614.61
EWP
EWI

The current EWP Sharpe Ratio is 0.79, which is comparable to the EWI Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of EWP and EWI, 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 Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
0.79
0.98
EWP
EWI

Dividends

EWP vs. EWI - Dividend Comparison

EWP's dividend yield for the trailing twelve months is around 3.09%, less than EWI's 3.68% yield.


TTM20232022202120202019201820172016201520142013
EWP
iShares MSCI Spain ETF
3.09%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%4.72%2.84%
EWI
iShares MSCI Italy ETF
3.68%3.40%4.57%2.63%1.65%3.80%4.70%2.19%3.64%2.31%2.51%2.19%

Drawdowns

EWP vs. EWI - Drawdown Comparison

The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum EWI drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for EWP and EWI. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-8.54%
-11.38%
EWP
EWI

Volatility

EWP vs. EWI - Volatility Comparison

iShares MSCI Spain ETF (EWP) has a higher volatility of 6.68% compared to iShares MSCI Italy ETF (EWI) at 4.52%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than EWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
6.68%
4.52%
EWP
EWI