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EWP vs. VTI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWP vs. VTI

Last updated Jun 9, 2026

EWP (iShares MSCI Spain ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - EWP is a Europe Equities fund tracking the MSCI Spain Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, EWP returned 11.50%/yr vs 14.84%/yr for VTI. A 0.64 correlation means they provide meaningful diversification when combined. EWP charges 0.50%/yr vs 0.03%/yr for VTI.

Performance

EWP vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Spain ETF (EWP) and Vanguard Total Stock Market ETF (VTI). 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 5.10% return, which is significantly lower than VTI's 9.05% return. Over the past 10 years, EWP has underperformed VTI with an annualized return of 11.50%, while VTI has yielded a comparatively higher 14.84% annualized return.

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%

VTI

1D
0.30%
1M
0.44%
YTD
9.05%
6M
8.94%
1Y
24.96%
3Y*
21.05%
5Y*
12.25%
10Y*
14.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWP vs. VTI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VTI
Vanguard Total Stock Market ETF		9.05%17.10%23.81%26.05%-19.52%25.68%21.08%30.67%-5.23%21.21%

Correlation

The correlation between EWP and VTI is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.65

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

0.51

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

0.60

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

0.60

Correlation (All Time)
Calculated using the full available price history since Jun 1, 2001

0.64

The correlation between EWP and VTI shifts across timeframes, from 0.51 (3 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.

EWP vs. VTI - Sectors Allocation Comparison

Sectors
EWP
VTI

Financial Services

41.4%
12.0%

Utilities

21.2%
2.3%

Industrials

16.1%
9.8%

Energy

5.3%
3.7%

Technology

4.9%
33.5%

Consumer Cyclical

4.0%
10.0%

Communication Services

2.9%
10.3%

Real Estate

2.9%
2.4%

Healthcare

1.3%
9.2%

Basic Materials

-

2.0%

Consumer Defensive

-

4.7%

Financial Services

EWP
41.4%
VTI
12.0%

Utilities

EWP
21.2%
VTI
2.3%

Industrials

EWP
16.1%
VTI
9.8%

Energy

EWP
5.3%
VTI
3.7%

Technology

EWP
4.9%
VTI
33.5%

Consumer Cyclical

EWP
4.0%
VTI
10.0%

Communication Services

EWP
2.9%
VTI
10.3%

Real Estate

EWP
2.9%
VTI
2.4%

Healthcare

EWP
1.3%
VTI
9.2%

Basic Materials

EWP

-

VTI
2.0%

Consumer Defensive

EWP

-

VTI
4.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Spain ETF

Vanguard Total Stock Market ETF

Often compared with EWP:
EWP vs. EWGEWP vs. EWIEWP vs. EPOLEWP vs. EIRLEWP vs. VOOEWP vs. FEZEWP vs. EWQ
Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ

Return for Risk

EWP vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWP
EWP Risk / Return Rank: 5959
Overall Rank
EWP Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
EWP Sortino Ratio Rank: 5656
Sortino Ratio Rank
EWP Omega Ratio Rank: 5555
Omega Ratio Rank
EWP Calmar Ratio Rank: 6565
Calmar Ratio Rank
EWP Martin Ratio Rank: 6363
Martin Ratio Rank
VTI
VTI Risk / Return Rank: 6868
Overall Rank
VTI Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 6666
Sortino Ratio Rank
VTI Omega Ratio Rank: 6868
Omega Ratio Rank
VTI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VTI Martin Ratio Rank: 7575
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. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and Vanguard Total Stock Market ETF (VTI). 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.

EWPVTIDifference
Sharpe ratioReturn per unit of total volatility
1.77
2.02

-0.24

Sortino ratioReturn per unit of downside risk
2.40
2.73

-0.33

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

2.92

2.81

+0.11

Martin ratioReturn relative to average drawdown

10.37

12.85

-2.47

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. VTI - Sharpe Ratio Comparison

The current EWP Sharpe Ratio is 1.77, which is comparable to the VTI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EWP and VTI, 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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Sharpe Ratios by Period

EWPVTIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.77

2.02

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.71

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.81

-0.29

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.50

-0.19

Drawdowns

EWP vs. VTI - Drawdown Comparison

The maximum EWP drawdown since its inception was -61.19%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for EWP and VTI.

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Drawdown Indicators

EWPVTIDifference

Max Drawdown

Largest peak-to-trough decline

-61.19%

-55.45%

-5.74%

Max Drawdown (1Y)

Largest decline over 1 year

-11.38%

-8.92%

-2.46%

Max Drawdown (3Y)

Largest decline over 3 years

-12.19%

-19.30%

+7.11%

Max Drawdown (5Y)

Largest decline over 5 years

-33.91%

-25.36%

-8.55%

Max Drawdown (10Y)

Largest decline over 10 years

-46.36%

-35.00%

-11.36%

Current Drawdown

Current decline from peak

-2.96%

-2.64%

-0.32%

Average Drawdown

Average peak-to-trough decline

-21.43%

-8.02%

-13.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

1.95%

+1.25%

Volatility

EWP vs. VTI - Volatility Comparison

iShares MSCI Spain ETF (EWP) has a higher volatility of 5.07% compared to Vanguard Total Stock Market ETF (VTI) at 3.88%. This indicates that EWP's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWPVTIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.07%

3.88%

+1.19%

Volatility (6M)

Calculated over the trailing 6-month period

15.70%

9.55%

+6.15%

Volatility (1Y)

Calculated over the trailing 1-year period

18.79%

12.44%

+6.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.25%

17.44%

+2.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.24%

18.33%

+3.91%

EWP vs. VTI - Expense Ratio Comparison

EWP has a 0.50% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

EWP vs. VTI - Dividend Comparison

EWP's dividend yield for the trailing twelve months is around 2.16%, more than VTI's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
EWP
iShares MSCI Spain ETF		2.16%2.27%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%
VTI
Vanguard Total Stock Market ETF		1.03%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

EWP and VTI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWP has higher volatility (5.07%) compared to VTI (3.88%). In terms of maximum drawdown, EWP dropped -61.19% vs VTI's -55.45%.

On 10-year performance, VTI leads with 14.84% vs 11.50% for EWP. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTI has performed better with a 14.84% return vs 11.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTI is cheaper with a 0.03% expense ratio, compared with 0.50% for EWP.

EWP has the higher dividend yield at 2.16%, compared with 1.03% for VTI.

EWP is categorized as Europe Equities, while VTI is Large Cap Blend Equities. EWP tracks MSCI Spain Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for EWP and 0.03% for VTI.

VTI currently has the higher Sharpe Ratio (2.02 vs 1.77), 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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