EWP vs. STNG

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Spain ETF (EWP) and Scorpio Tankers Inc. (STNG).

EWP is a passively managed fund by iShares that tracks the performance of the MSCI Spain Index. It was launched on Mar 12, 1996.

Performance

EWP vs. STNG - Performance Comparison

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

EWP vs. STNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EWP iShares MSCI Spain ETF	0.74%	78.03%	5.70%	30.26%	-5.18%	0.25%	-3.94%	11.93%	-15.32%	26.98%
STNG Scorpio Tankers Inc.	47.73%	6.03%	-16.29%	15.40%	325.48%	17.40%	-70.74%	127.09%	-41.26%	-31.93%

Returns By Period

In the year-to-date period, EWP achieves a 0.74% return, which is significantly lower than STNG's 47.73% return. Over the past 10 years, EWP has outperformed STNG with an annualized return of 10.80%, while STNG has yielded a comparatively lower 5.51% annualized return.

EWP

• 1D: 4.00%
• 1M: -5.12%
• YTD: 0.74%
• 6M: 11.24%
• 1Y: 46.32%
• 3Y*: 28.91%
• 5Y*: 18.10%
• 10Y*: 10.80%

STNG

• 1D: 1.36%
• 1M: -5.05%
• YTD: 47.73%
• 6M: 34.89%
• 1Y: 105.03%
• 3Y*: 12.92%
• 5Y*: 35.15%
• 10Y*: 5.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

EWP vs. STNG — Risk / Return Rank

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

EWP

EWP Risk / Return Rank: 93
EWP Sharpe Ratio Rank: 93
EWP Sortino Ratio Rank: 93
EWP Omega Ratio Rank: 93
EWP Calmar Ratio Rank: 94
EWP Martin Ratio Rank: 94

STNG

STNG Risk / Return Rank: 92
STNG Sharpe Ratio Rank: 94
STNG Sortino Ratio Rank: 93
STNG Omega Ratio Rank: 90
STNG Calmar Ratio Rank: 92
STNG Martin Ratio Rank: 92

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. STNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and Scorpio Tankers Inc. (STNG). 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	STNG	Difference
Sharpe ratio Return per unit of total volatility	2.17	2.46	-0.29
Sortino ratio Return per unit of downside risk	2.74	3.19	-0.44
Omega ratio Gain probability vs. loss probability	1.41	1.38	+0.02
Calmar ratio Return relative to maximum drawdown	3.69	4.45	-0.76
Martin ratio Return relative to average drawdown	14.14	12.33	+1.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWP vs. STNG - Sharpe Ratio Comparison

The current EWP Sharpe Ratio is 2.17, which is comparable to the STNG Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of EWP and STNG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EWP	STNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.46	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.77	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.10	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.01	+0.32

Correlation

The correlation between EWP and STNG is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EWP vs. STNG - Dividend Comparison

EWP's dividend yield for the trailing twelve months is around 2.25%, which matches STNG's 2.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWP iShares MSCI Spain ETF	2.25%	2.27%	4.35%	2.70%	3.07%	3.29%	2.56%	3.72%	3.69%	2.72%	4.65%	3.85%
STNG Scorpio Tankers Inc.	2.24%	3.19%	3.22%	1.73%	0.74%	3.12%	3.57%	1.02%	2.27%	1.31%	11.04%	6.17%

Drawdowns

EWP vs. STNG - Drawdown Comparison

The maximum EWP drawdown since its inception was -61.19%, smaller than the maximum STNG drawdown of -91.13%. Use the drawdown chart below to compare losses from any high point for EWP and STNG.

Drawdown Indicators

	EWP	STNG	Difference
Max Drawdown Largest peak-to-trough decline	-61.19%	-91.13%	+29.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-22.74%	+10.55%
Max Drawdown (5Y) Largest decline over 5 years	-33.91%	-60.97%	+27.06%
Max Drawdown (10Y) Largest decline over 10 years	-46.36%	-84.57%	+38.21%
Current Drawdown Current decline from peak	-6.78%	-14.04%	+7.26%
Average Drawdown Average peak-to-trough decline	-21.54%	-49.83%	+28.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	8.21%	-5.03%

Volatility

EWP vs. STNG - Volatility Comparison

The current volatility for iShares MSCI Spain ETF (EWP) is 9.97%, while Scorpio Tankers Inc. (STNG) has a volatility of 14.83%. This indicates that EWP experiences smaller price fluctuations and is considered to be less risky than STNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EWP	STNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	14.83%	-4.86%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	27.17%	-13.03%
Volatility (1Y) Calculated over the trailing 1-year period	21.52%	42.99%	-21.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	45.65%	-25.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.21%	54.47%	-32.26%