EWP vs. PGAL
Compare and contrast key facts about iShares MSCI Spain ETF (EWP) and Global X MSCI Portugal ETF (PGAL).
EWP and PGAL 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. PGAL is a passively managed fund by Global X that tracks the performance of the MSCI All Portugal Plus 25-50. It was launched on Nov 12, 2013. Both EWP and PGAL 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 PGAL.
Key characteristics
| EWP | PGAL |
|---|
Correlation
The correlation between EWP and PGAL is 0.68, 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.
Performance
EWP vs. PGAL - Performance Comparison
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. PGAL - Expense Ratio Comparison
EWP has a 0.50% expense ratio, which is lower than PGAL's 0.58% expense ratio.
Risk-Adjusted Performance
EWP vs. PGAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and Global X MSCI Portugal ETF (PGAL). 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. PGAL - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.93%, while PGAL has not paid dividends to shareholders.
| 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% |
PGAL Global X MSCI Portugal ETF | 0.66% | 4.15% | 3.33% | 3.43% | 2.41% | 3.49% | 4.60% | 3.05% | 4.29% | 4.53% | 2.23% | 0.00% |
Drawdowns
EWP vs. PGAL - Drawdown Comparison
Volatility
EWP vs. PGAL - Volatility Comparison
iShares MSCI Spain ETF (EWP) has a higher volatility of 3.51% compared to Global X MSCI Portugal ETF (PGAL) at 0.00%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than PGAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.