EWS vs. ASEA
Compare and contrast key facts about iShares MSCI Singapore ETF (EWS) and Global X FTSE Southeast Asia ETF (ASEA).
EWS and ASEA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWS is a passively managed fund by iShares that tracks the performance of the MSCI Singapore Index. It was launched on Mar 12, 1996. ASEA is a passively managed fund by Global X that tracks the performance of the FTSE/ASEAN 40 Index. It was launched on Feb 17, 2011. Both EWS and ASEA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWS or ASEA.
Key characteristics
| EWS | ASEA | |
|---|---|---|
| YTD Return | 16.98% | 13.36% |
| 1Y Return | 23.25% | 17.89% |
| 3Y Return (Ann) | 1.09% | 7.36% |
| 5Y Return (Ann) | 1.68% | 3.94% |
| 10Y Return (Ann) | 1.99% | 3.27% |
| Sharpe Ratio | 1.86 | 1.54 |
| Sortino Ratio | 2.59 | 2.24 |
| Omega Ratio | 1.33 | 1.27 |
| Calmar Ratio | 1.38 | 2.66 |
| Martin Ratio | 10.07 | 8.22 |
| Ulcer Index | 2.68% | 2.69% |
| Daily Std Dev | 14.23% | 13.92% |
| Max Drawdown | -75.20% | -44.13% |
| Current Drawdown | -4.24% | -7.06% |
Correlation
The correlation between EWS and ASEA is 0.74, 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.
Performance
EWS vs. ASEA - Performance Comparison
In the year-to-date period, EWS achieves a 16.98% return, which is significantly higher than ASEA's 13.36% return. Over the past 10 years, EWS has underperformed ASEA with an annualized return of 1.99%, while ASEA has yielded a comparatively higher 3.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWS vs. ASEA - Expense Ratio Comparison
EWS has a 0.50% expense ratio, which is lower than ASEA's 0.65% expense ratio.
Risk-Adjusted Performance
EWS vs. ASEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Singapore ETF (EWS) and Global X FTSE Southeast Asia ETF (ASEA). 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.
Dividends
EWS vs. ASEA - Dividend Comparison
EWS's dividend yield for the trailing twelve months is around 4.12%, more than ASEA's 3.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWS iShares MSCI Singapore ETF | 4.12% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% | 3.35% | 3.77% |
ASEA Global X FTSE Southeast Asia ETF | 3.69% | 3.76% | 2.23% | 4.19% | 2.27% | 2.51% | 3.08% | 1.59% | 2.78% | 3.64% | 2.65% | 3.83% |
Drawdowns
EWS vs. ASEA - Drawdown Comparison
The maximum EWS drawdown since its inception was -75.20%, which is greater than ASEA's maximum drawdown of -44.13%. Use the drawdown chart below to compare losses from any high point for EWS and ASEA. For additional features, visit the drawdowns tool.
Volatility
EWS vs. ASEA - Volatility Comparison
The current volatility for iShares MSCI Singapore ETF (EWS) is 2.62%, while Global X FTSE Southeast Asia ETF (ASEA) has a volatility of 3.39%. This indicates that EWS experiences smaller price fluctuations and is considered to be less risky than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.