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

Correlation

The correlation between EWP and FEZ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.7

Performance

EWP vs. FEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Spain ETF (EWP) and SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

300.00%350.00%400.00%450.00%NovemberDecember2025FebruaryMarchApril
447.22%
350.24%
EWP
FEZ

Key characteristics

Sharpe Ratio

EWP:

1.57

FEZ:

0.66

Sortino Ratio

EWP:

2.10

FEZ:

1.09

Omega Ratio

EWP:

1.30

FEZ:

1.14

Calmar Ratio

EWP:

2.77

FEZ:

0.88

Martin Ratio

EWP:

6.89

FEZ:

2.50

Ulcer Index

EWP:

4.89%

FEZ:

5.55%

Daily Std Dev

EWP:

21.48%

FEZ:

20.90%

Max Drawdown

EWP:

-61.19%

FEZ:

-64.21%

Current Drawdown

EWP:

0.00%

FEZ:

-2.16%

Returns By Period

In the year-to-date period, EWP achieves a 30.05% return, which is significantly higher than FEZ's 16.73% return. Over the past 10 years, EWP has underperformed FEZ with an annualized return of 4.73%, while FEZ has yielded a comparatively higher 6.45% annualized return.


EWP

YTD

30.05%

1M

4.10%

6M

21.16%

1Y

31.94%

5Y*

19.00%

10Y*

4.73%

FEZ

YTD

16.73%

1M

-0.62%

6M

10.61%

1Y

12.31%

5Y*

16.71%

10Y*

6.45%

*Annualized

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EWP vs. FEZ - Expense Ratio Comparison

EWP has a 0.50% expense ratio, which is higher than FEZ's 0.29% expense ratio.


Expense ratio chart for EWP: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EWP: 0.50%
Expense ratio chart for FEZ: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FEZ: 0.29%

Risk-Adjusted Performance

EWP vs. FEZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EWP
The Risk-Adjusted Performance Rank of EWP is 9191
Overall Rank
The Sharpe Ratio Rank of EWP is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of EWP is 9090
Sortino Ratio Rank
The Omega Ratio Rank of EWP is 9090
Omega Ratio Rank
The Calmar Ratio Rank of EWP is 9595
Calmar Ratio Rank
The Martin Ratio Rank of EWP is 8989
Martin Ratio Rank

FEZ
The Risk-Adjusted Performance Rank of FEZ is 7171
Overall Rank
The Sharpe Ratio Rank of FEZ is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of FEZ is 7171
Sortino Ratio Rank
The Omega Ratio Rank of FEZ is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FEZ is 8080
Calmar Ratio Rank
The Martin Ratio Rank of FEZ is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EWP vs. FEZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and SPDR EURO STOXX 50 ETF (FEZ). 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.


The chart of Sharpe ratio for EWP, currently valued at 1.57, compared to the broader market-1.000.001.002.003.004.00
EWP: 1.57
FEZ: 0.66
The chart of Sortino ratio for EWP, currently valued at 2.10, compared to the broader market-2.000.002.004.006.008.00
EWP: 2.10
FEZ: 1.09
The chart of Omega ratio for EWP, currently valued at 1.30, compared to the broader market0.501.001.502.002.50
EWP: 1.30
FEZ: 1.14
The chart of Calmar ratio for EWP, currently valued at 2.77, compared to the broader market0.002.004.006.008.0010.0012.00
EWP: 2.77
FEZ: 0.88
The chart of Martin ratio for EWP, currently valued at 6.89, compared to the broader market0.0020.0040.0060.00
EWP: 6.89
FEZ: 2.50

The current EWP Sharpe Ratio is 1.57, which is higher than the FEZ Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of EWP and FEZ, 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 Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.57
0.66
EWP
FEZ

Dividends

EWP vs. FEZ - Dividend Comparison

EWP's dividend yield for the trailing twelve months is around 3.35%, more than FEZ's 2.61% yield.


TTM20242023202220212020201920182017201620152014
EWP
iShares MSCI Spain ETF
3.35%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%4.72%
FEZ
SPDR EURO STOXX 50 ETF
2.61%2.94%2.75%3.05%2.61%2.12%2.61%3.45%2.44%3.35%3.03%3.78%

Drawdowns

EWP vs. FEZ - Drawdown Comparison

The maximum EWP drawdown since its inception was -61.19%, roughly equal to the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for EWP and FEZ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril0
-2.16%
EWP
FEZ

Volatility

EWP vs. FEZ - Volatility Comparison

iShares MSCI Spain ETF (EWP) has a higher volatility of 13.51% compared to SPDR EURO STOXX 50 ETF (FEZ) at 12.86%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.51%
12.86%
EWP
FEZ