EWQ vs. FEZ
Compare and contrast key facts about iShares MSCI France ETF (EWQ) and SPDR EURO STOXX 50 ETF (FEZ).
EWQ and FEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWQ is a passively managed fund by iShares that tracks the performance of the MSCI France Index. It was launched on Mar 12, 1996. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002. Both EWQ and FEZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWQ vs. FEZ - Performance Comparison
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EWQ vs. FEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWQ iShares MSCI France ETF | -3.58% | 28.90% | -5.63% | 21.71% | -12.05% | 21.43% | 2.86% | 26.69% | -12.90% | 29.11% |
FEZ SPDR EURO STOXX 50 ETF | -3.44% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
Returns By Period
The year-to-date returns for both investments are quite close, with EWQ having a -3.58% return and FEZ slightly higher at -3.44%. Over the past 10 years, EWQ has underperformed FEZ with an annualized return of 9.00%, while FEZ has yielded a comparatively higher 9.68% annualized return.
EWQ
- 1D
- 3.36%
- 1M
- -9.38%
- YTD
- -3.58%
- 6M
- -0.75%
- 1Y
- 12.04%
- 3Y*
- 7.74%
- 5Y*
- 7.46%
- 10Y*
- 9.00%
FEZ
- 1D
- 3.76%
- 1M
- -9.30%
- YTD
- -3.44%
- 6M
- 0.89%
- 1Y
- 17.45%
- 3Y*
- 14.62%
- 5Y*
- 9.71%
- 10Y*
- 9.68%
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EWQ vs. FEZ - Expense Ratio Comparison
EWQ has a 0.50% expense ratio, which is higher than FEZ's 0.29% expense ratio.
Return for Risk
EWQ vs. FEZ — Risk / Return Rank
EWQ
FEZ
EWQ vs. FEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France ETF (EWQ) and SPDR EURO STOXX 50 ETF (FEZ). 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.
| EWQ | FEZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.88 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.36 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.19 | -0.42 |
Martin ratioReturn relative to average drawdown | 2.76 | 4.39 | -1.63 |
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
| EWQ | FEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.88 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.48 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.46 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.29 | -0.02 |
Correlation
The correlation between EWQ and FEZ is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EWQ vs. FEZ - Dividend Comparison
EWQ's dividend yield for the trailing twelve months is around 2.73%, less than FEZ's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWQ iShares MSCI France ETF | 2.73% | 2.63% | 3.31% | 2.73% | 3.23% | 3.79% | 1.02% | 2.44% | 2.90% | 1.90% | 2.84% | 2.25% |
FEZ SPDR EURO STOXX 50 ETF | 2.80% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
Drawdowns
EWQ vs. FEZ - Drawdown Comparison
The maximum EWQ drawdown since its inception was -61.41%, roughly equal to the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for EWQ and FEZ.
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Drawdown Indicators
| EWQ | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.41% | -64.21% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -13.63% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | -35.05% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -39.23% | -39.69% | +0.46% |
Current DrawdownCurrent decline from peak | -10.28% | -10.33% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -16.14% | -17.17% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.68% | +0.13% |
Volatility
EWQ vs. FEZ - Volatility Comparison
The current volatility for iShares MSCI France ETF (EWQ) is 7.95%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 8.77%. This indicates that EWQ experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWQ | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 8.77% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 12.59% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 19.94% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 20.38% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 21.00% | -0.28% |