EWP vs. USD=X
EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index, while USD=X (USD Cash) is a currency. Over the past 10 years, EWP returned 11.50%/yr vs 0.00%/yr for USD=X.
Performance
EWP vs. USD=X - Performance Comparison
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Returns By Period
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%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
EWP vs. USD=X - 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% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
EWP vs. USD=X — Risk / Return Rank
EWP
USD=X
EWP vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | — | — |
| Martin ratioReturn relative to average drawdown | 10.37 | — | — |
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 | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | — | — |
Drawdowns
EWP vs. USD=X - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EWP and USD=X.
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Drawdown Indicators
| EWP | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | 0.00% | -61.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | 0.00% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | 0.00% | -12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | 0.00% | -33.91% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | 0.00% | -46.36% |
Current DrawdownCurrent decline from peak | -2.96% | 0.00% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -21.43% | 0.00% | -21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.00% | +3.20% |
Volatility
EWP vs. USD=X - Volatility Comparison
iShares MSCI Spain ETF (EWP) has a higher volatility of 5.07% compared to USD Cash (USD=X) at 0.00%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWP | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 0.00% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 0.00% | +15.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 0.00% | +18.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 0.00% | +20.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 0.00% | +22.24% |
Frequently Asked Questions
EWP has higher volatility (5.07%) compared to USD=X (0.00%). In terms of maximum drawdown, EWP dropped -61.19% vs USD=X's 0.00%.
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