EWP vs. WELL
EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index, while WELL (Welltower Inc.) is a stock. Over the past 10 years, EWP returned 12.33%/yr vs 15.50%/yr for WELL. At a 0.32 correlation, their price movements are largely independent.
Performance
EWP vs. WELL - Performance Comparison
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Returns By Period
In the year-to-date period, EWP achieves a 8.89% return, which is significantly lower than WELL's 16.22% return. Over the past 10 years, EWP has underperformed WELL with an annualized return of 12.33%, while WELL has yielded a comparatively higher 15.50% annualized return.
EWP
- 1D
- 0.63%
- 1M
- 5.52%
- YTD
- 8.89%
- 6M
- 11.54%
- 1Y
- 39.17%
- 3Y*
- 32.21%
- 5Y*
- 17.57%
- 10Y*
- 12.33%
WELL
- 1D
- 1.69%
- 1M
- 0.23%
- YTD
- 16.22%
- 6M
- 15.53%
- 1Y
- 42.73%
- 3Y*
- 40.64%
- 5Y*
- 24.91%
- 10Y*
- 15.50%
EWP vs. WELL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
WELL Welltower Inc. | 16.22% | 49.86% | 43.07% | 41.79% | -21.18% | 36.98% | -17.19% | 23.04% | 15.31% | 0.22% |
Correlation
The correlation between EWP and WELL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.32 |
Over the past year, the correlation between EWP and WELL has dropped to 0.05 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
EWP vs. WELL — Risk / Return Rank
EWP
WELL
EWP vs. WELL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) and Welltower Inc. (WELL). 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.
| EWP | WELL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.44 | -0.18 |
| Martin ratioReturn relative to average drawdown | 11.51 | 8.47 | +3.04 |
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Drawdowns
EWP vs. WELL - Drawdown Comparison
The maximum EWP drawdown since its inception was -61.19%, roughly equal to the maximum WELL drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for EWP and WELL.
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Drawdown Indicators
| EWP | WELL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -63.33% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -12.61% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -12.99% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | -40.78% | +7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -63.33% | +16.97% |
Current DrawdownCurrent decline from peak | 0.00% | -2.68% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -21.41% | -10.31% | -11.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 5.11% | -1.89% |
Volatility
EWP vs. WELL - Volatility Comparison
The current volatility for iShares MSCI Spain ETF (EWP) is 6.21%, while Welltower Inc. (WELL) has a volatility of 9.54%. This indicates that EWP experiences smaller price fluctuations and is considered to be less risky than WELL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWP | WELL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 9.54% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 17.14% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 21.65% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 23.82% | -3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 31.90% | -9.68% |
Dividends
EWP vs. WELL - Dividend Comparison
EWP's dividend yield for the trailing twelve months is around 2.09%, more than WELL's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WELL Welltower Inc. | 1.38% | 1.52% | 2.03% | 2.71% | 3.72% | 2.84% | 4.18% | 4.26% | 5.01% | 5.46% | 5.14% | 4.85% |
Frequently Asked Questions
EWP and WELL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WELL has higher volatility (9.54%) compared to EWP (6.21%). In terms of maximum drawdown, EWP dropped -61.19% vs WELL's -63.33%.
WELL currently has the higher Sharpe Ratio (2.01 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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