EWP vs. EWI
Compare and contrast key facts about iShares MSCI Spain ETF (EWP) and iShares MSCI Italy ETF (EWI).
EWP and EWI 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. EWI is a passively managed fund by iShares that tracks the performance of the MSCI Italy Index. It was launched on Mar 12, 1996. Both EWP and EWI 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 EWI.
Key characteristics
| EWP | EWI | |
|---|---|---|
| YTD Return | 14.05% | 15.35% |
| 1Y Return | 27.35% | 26.43% |
| 3Y Return (Ann) | 10.01% | 7.82% |
| 5Y Return (Ann) | 6.93% | 8.84% |
| 10Y Return (Ann) | 2.91% | 6.32% |
| Sharpe Ratio | 1.80 | 1.86 |
| Sortino Ratio | 2.44 | 2.53 |
| Omega Ratio | 1.31 | 1.31 |
| Calmar Ratio | 1.40 | 1.07 |
| Martin Ratio | 9.10 | 10.02 |
| Ulcer Index | 3.09% | 2.81% |
| Daily Std Dev | 15.68% | 15.12% |
| Max Drawdown | -61.19% | -70.38% |
| Current Drawdown | -3.51% | -5.84% |
Correlation
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.
Performance
EWP vs. EWI - Performance Comparison
In the year-to-date period, EWP achieves a 14.05% return, which is significantly lower than EWI's 15.35% return. Over the past 10 years, EWP has underperformed EWI with an annualized return of 2.91%, while EWI has yielded a comparatively higher 6.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
EWP vs. EWI - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.93%, less than EWI's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.93% | 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 | 3.47% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 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.
Volatility
EWP vs. EWI - Volatility Comparison
iShares MSCI Spain ETF (EWP) has a higher volatility of 3.51% compared to iShares MSCI Italy ETF (EWI) at 3.27%. 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.