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EWP vs. SCCO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWP vs. SCCO

Last updated Jun 13, 2026

EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index, while SCCO (Southern Copper Corporation) is a stock. Over the past 10 years, EWP returned 12.33%/yr vs 27.50%/yr for SCCO. At a 0.40 correlation, their price movements are largely independent.

Performance

EWP vs. SCCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Spain ETF (EWP) and Southern Copper Corporation (SCCO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWP achieves a 8.89% return, which is significantly lower than SCCO's 36.04% return. Over the past 10 years, EWP has underperformed SCCO with an annualized return of 12.33%, while SCCO has yielded a comparatively higher 27.50% annualized return.

EWP

1D
0.63%
1M
4.02%
YTD
8.89%
6M
11.54%
1Y
36.89%
3Y*
32.21%
5Y*
17.57%
10Y*
12.33%

SCCO

1D
4.19%
1M
-1.09%
YTD
36.04%
6M
37.05%
1Y
110.19%
3Y*
44.36%
5Y*
29.82%
10Y*
27.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWP vs. SCCO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWP
iShares MSCI Spain ETF		8.89%78.03%5.70%30.26%-5.18%0.25%-3.94%11.93%-15.32%26.98%
SCCO
Southern Copper Corporation		36.04%66.62%9.45%50.12%4.25%-0.62%58.79%46.59%-33.11%50.79%

Correlation

The correlation between EWP and SCCO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 1, 1996

0.40

Compare stocks, funds, or ETFs

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iShares MSCI Spain ETF

Southern Copper Corporation

Often compared with EWP:
EWP vs. EWGEWP vs. EWIEWP vs. EPOLEWP vs. EIRLEWP vs. VOOEWP vs. FEZEWP vs. EWQ
Often compared with SCCO:
SCCO vs. FCXSCCO vs. RIOSCCO vs. BHPSCCO vs. TECKSCCO vs. CPERSCCO vs. COPPSCCO vs. HBM

Return for Risk

EWP vs. SCCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWP
EWP Risk / Return Rank: 6969
Overall Rank
EWP Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
EWP Sortino Ratio Rank: 6666
Sortino Ratio Rank
EWP Omega Ratio Rank: 6565
Omega Ratio Rank
EWP Calmar Ratio Rank: 7373
Calmar Ratio Rank
EWP Martin Ratio Rank: 7171
Martin Ratio Rank
SCCO
SCCO Risk / Return Rank: 8888
Overall Rank
SCCO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SCCO Sortino Ratio Rank: 8686
Sortino Ratio Rank
SCCO Omega Ratio Rank: 8585
Omega Ratio Rank
SCCO Calmar Ratio Rank: 8888
Calmar Ratio Rank
SCCO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EWP vs. SCCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and Southern Copper Corporation (SCCO). 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.

EWPSCCODifference
Sharpe ratioReturn per unit of total volatility
1.94
2.23

-0.29

Sortino ratioReturn per unit of downside risk
2.62
2.66

-0.04

Omega ratioGain probability vs. loss probability

1.34

1.33

0.00

Calmar ratioReturn relative to maximum drawdown

3.26

3.67

-0.41

Martin ratioReturn relative to average drawdown

11.51

10.44

+1.07

EWP vs. SCCO - Sharpe Ratio Comparison

The current EWP Sharpe Ratio is 1.94, which is comparable to the SCCO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of EWP and SCCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EWP vs. SCCO - Drawdown Comparison

The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum SCCO drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for EWP and SCCO.

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Drawdown Indicators

EWPSCCODifference

Max Drawdown

Largest peak-to-trough decline

-61.19%

-78.60%

+17.41%

Max Drawdown (1Y)

Largest decline over 1 year

-11.38%

-30.22%

+18.84%

Max Drawdown (3Y)

Largest decline over 3 years

-12.19%

-39.69%

+27.50%

Max Drawdown (5Y)

Largest decline over 5 years

-33.91%

-43.07%

+9.16%

Max Drawdown (10Y)

Largest decline over 10 years

-46.36%

-54.83%

+8.47%

Current Drawdown

Current decline from peak

0.00%

-11.95%

+11.95%

Average Drawdown

Average peak-to-trough decline

-21.41%

-22.04%

+0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

10.59%

-7.37%

Volatility

EWP vs. SCCO - Volatility Comparison

The current volatility for iShares MSCI Spain ETF (EWP) is 6.21%, while Southern Copper Corporation (SCCO) has a volatility of 20.20%. This indicates that EWP experiences smaller price fluctuations and is considered to be less risky than SCCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWPSCCODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.21%

20.20%

-13.99%

Volatility (6M)

Calculated over the trailing 6-month period

16.09%

41.65%

-25.56%

Volatility (1Y)

Calculated over the trailing 1-year period

19.13%

49.66%

-30.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.31%

39.97%

-19.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.22%

37.55%

-15.33%

Dividends

EWP vs. SCCO - Dividend Comparison

EWP's dividend yield for the trailing twelve months is around 2.09%, more than SCCO's 1.93% yield.

PositionTTM20252024202320222021202020192018201720162015
EWP
iShares MSCI Spain ETF		2.09%2.27%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%
SCCO
Southern Copper Corporation		1.93%2.13%2.29%4.65%5.80%5.19%2.30%4.81%4.55%1.24%0.56%1.30%

Frequently Asked Questions

EWP and SCCO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCCO has higher volatility (20.20%) compared to EWP (6.21%). In terms of maximum drawdown, EWP dropped -61.19% vs SCCO's -78.60%.

SCCO currently has the higher Sharpe Ratio (2.23 vs 1.94), 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.

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