EWP vs. MU
EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index, while MU (Micron Technology, Inc.) is a stock. Over the past 10 years, EWP returned 12.28%/yr vs 54.16%/yr for MU. At a 0.32 correlation, their price movements are largely independent.
Performance
EWP vs. MU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EWP achieves a 12.06% return, which is significantly lower than MU's 240.34% return. Over the past 10 years, EWP has underperformed MU with an annualized return of 12.28%, while MU has yielded a comparatively higher 54.16% annualized return.
EWP
- 1D
- 1.35%
- 1M
- 0.76%
- 6M
- 12.23%
- YTD
- 12.06%
- 1Y
- 38.48%
- 3Y*
- 30.48%
- 5Y*
- 20.45%
- 10Y*
- 12.28%
- ALL TIME*
- 8.64%
MU
- 1D
- 12.17%
- 1M
- -14.38%
- 6M
- 166.13%
- YTD
- 240.34%
- 1Y
- 758.76%
- 3Y*
- 146.36%
- 5Y*
- 67.49%
- 10Y*
- 54.16%
- ALL TIME*
- 17.59%
EWP vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 12.06% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
MU Micron Technology, Inc. | 240.34% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
Correlation
The correlation between EWP and MU is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EWP vs. MU — Risk / Return Rank
EWP
MU
EWP vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and Micron Technology, Inc. (MU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWP | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.70 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 25.31 | -21.91 |
| Martin ratioReturn relative to average drawdown | 12.09 | 84.73 | -72.64 |
Loading charts...
Drawdowns
EWP vs. MU - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for EWP and MU.
Loading charts...
Drawdown Indicators
| EWP | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -98.25% | +37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -30.28% | +18.90% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -57.63% | +45.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -57.63% | +27.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -57.63% | +11.27% |
Current DrawdownCurrent decline from peak | -1.36% | -19.99% | +18.63% |
Average DrawdownAverage peak-to-trough decline | -21.35% | -58.05% | +36.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 9.03% | -5.84% |
Volatility
EWP vs. MU - Volatility Comparison
The current volatility for iShares MSCI Spain ETF (EWP) is 3.99%, while Micron Technology, Inc. (MU) has a volatility of 32.09%. This indicates that EWP experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EWP | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 32.09% | -28.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 63.69% | -47.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.68% | 77.22% | -58.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 55.26% | -35.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 50.92% | -29.44% |
Dividends
EWP vs. MU - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.80%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.80% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWP and MU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.09%) compared to EWP (3.99%). In terms of maximum drawdown, EWP dropped -61.19% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (9.93 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for EWP and MU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer