EWP vs. ISPA.DE
EWP (iShares MSCI Spain ETF) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - EWP is a Europe Equities fund tracking the MSCI Spain Index, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, EWP returned 11.50%/yr vs 9.23%/yr for ISPA.DE. A 0.62 correlation means they provide meaningful diversification when combined. EWP charges 0.50%/yr vs 0.46%/yr for ISPA.DE.
Performance
EWP vs. ISPA.DE - Performance Comparison
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Different Trading Currencies
EWP is traded in USD, while ISPA.DE is traded in EUR. To make them comparable, the ISPA.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 lower than ISPA.DE's 12.16% return. Over the past 10 years, EWP has outperformed ISPA.DE with an annualized return of 11.50%, while ISPA.DE has yielded a comparatively lower 9.23% 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%
ISPA.DE
- 1D
- 0.60%
- 1M
- 0.90%
- YTD
- 12.16%
- 6M
- 15.03%
- 1Y
- 31.44%
- 3Y*
- 21.88%
- 5Y*
- 9.96%
- 10Y*
- 9.23%
EWP vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 12.16% | 35.16% | 6.51% | 8.11% | -5.10% | 12.74% | -0.24% | 21.61% | -11.86% | 17.53% |
Correlation
The correlation between EWP and ISPA.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2009 | 0.62 |
The correlation between EWP and ISPA.DE has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
EWP vs. ISPA.DE — Risk / Return Rank
EWP
ISPA.DE
EWP vs. ISPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.53 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 5.88 | -2.95 |
| Martin ratioReturn relative to average drawdown | 10.37 | 20.02 | -9.65 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 3.02 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.68 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.56 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.52 | -0.20 |
Drawdowns
EWP vs. ISPA.DE - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, which is greater than ISPA.DE's maximum drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for EWP and ISPA.DE.
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Drawdown Indicators
| EWP | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -40.28% | -20.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -5.38% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -13.70% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | -24.03% | -9.88% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -40.28% | -6.08% |
Current DrawdownCurrent decline from peak | -2.96% | -1.37% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -21.43% | -5.77% | -15.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.58% | +1.62% |
Volatility
EWP vs. ISPA.DE - Volatility Comparison
iShares MSCI Spain ETF (EWP) has a higher volatility of 5.07% compared to iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) at 3.09%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 3.09% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 7.98% | +7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 10.48% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 14.43% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 16.27% | +5.97% |
EWP vs. ISPA.DE - Expense Ratio Comparison
EWP has a 0.50% expense ratio, which is higher than ISPA.DE's 0.46% expense ratio.
Dividends
EWP vs. ISPA.DE - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.16%, less than ISPA.DE's 3.75% 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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
EWP and ISPA.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPA.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPA.DE is cheaper with a 0.46% expense ratio, compared with 0.50% for EWP.
EWP is categorized as Europe Equities, while ISPA.DE is Global Equities. EWP tracks MSCI Spain Index, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.50% for EWP and 0.46% for ISPA.DE.
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