EWP vs. EXV8.DE
EWP (iShares MSCI Spain ETF) and EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) are both exchange-traded funds - EWP is a Europe Equities fund tracking the MSCI Spain Index, while EXV8.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Construction & Materials. Both are passively managed. Over the past 10 years, EWP returned 11.50%/yr vs 10.62%/yr for EXV8.DE. A 0.59 correlation means they provide meaningful diversification when combined. EWP charges 0.50%/yr vs 0.46%/yr for EXV8.DE.
Performance
EWP vs. EXV8.DE - Performance Comparison
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Different Trading Currencies
EWP is traded in USD, while EXV8.DE is traded in EUR. To make them comparable, the EXV8.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EWP achieves a 5.10% return, which is significantly higher than EXV8.DE's -0.17% return. Over the past 10 years, EWP has outperformed EXV8.DE with an annualized return of 11.50%, while EXV8.DE has yielded a comparatively lower 10.62% annualized return.
EWP
- 1D
- -0.23%
- 1M
- -1.00%
- YTD
- 5.10%
- 6M
- 9.82%
- 1Y
- 33.13%
- 3Y*
- 30.85%
- 5Y*
- 16.75%
- 10Y*
- 11.50%
EXV8.DE
- 1D
- 0.27%
- 1M
- -3.93%
- YTD
- -0.17%
- 6M
- 1.97%
- 1Y
- 8.70%
- 3Y*
- 18.73%
- 5Y*
- 8.68%
- 10Y*
- 10.62%
EWP vs. EXV8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 5.10% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | -0.17% | 41.11% | 0.33% | 37.79% | -23.39% | 21.82% | 7.56% | 39.90% | -21.73% | 26.02% |
Correlation
The correlation between EWP and EXV8.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 30, 2007 | 0.59 |
The correlation between EWP and EXV8.DE has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
EWP vs. EXV8.DE — Risk / Return Rank
EWP
EXV8.DE
EWP vs. EXV8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE). 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 | EXV8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 0.56 | +2.37 |
| Martin ratioReturn relative to average drawdown | 10.37 | 1.68 | +8.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWP | EXV8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.43 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.38 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.47 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.18 | +0.13 |
Drawdowns
EWP vs. EXV8.DE - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum EXV8.DE drawdown of -68.52%. Use the drawdown chart below to compare losses from any high point for EWP and EXV8.DE.
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Drawdown Indicators
| EWP | EXV8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -68.52% | +7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -16.81% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -16.81% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | -39.87% | +5.96% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -42.95% | -3.41% |
Current DrawdownCurrent decline from peak | -2.96% | -8.02% | +5.06% |
Average DrawdownAverage peak-to-trough decline | -21.43% | -19.23% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 5.56% | -2.36% |
Volatility
EWP vs. EXV8.DE - Volatility Comparison
The current volatility for iShares MSCI Spain ETF (EWP) is 5.07%, while iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) has a volatility of 6.84%. This indicates that EWP experiences smaller price fluctuations and is considered to be less risky than EXV8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWP | EXV8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 6.84% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 17.56% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 21.55% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 22.69% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 22.46% | -0.22% |
EWP vs. EXV8.DE - Expense Ratio Comparison
EWP has a 0.50% expense ratio, which is higher than EXV8.DE's 0.46% expense ratio.
Dividends
EWP vs. EXV8.DE - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.16%, more than EXV8.DE's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.16% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.39% | 1.39% | 1.69% | 1.59% | 1.78% | 1.34% | 0.53% | 1.55% | 1.66% | 2.87% | 2.80% | 2.79% |
Frequently Asked Questions
EWP and EXV8.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXV8.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXV8.DE is cheaper with a 0.46% expense ratio, compared with 0.50% for EWP.
EWP is categorized as Europe Equities, while EXV8.DE is Industrials Equities. EWP tracks MSCI Spain Index, while EXV8.DE tracks STOXX® Europe 600 Construction & Materials. Their fees differ too: 0.50% for EWP and 0.46% for EXV8.DE.
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