EWSP.L vs. ALC
EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Equal Weight Index, while ALC (Alcon Inc.) is a stock. Over the past 3 years, EWSP.L returned 12.30%/yr vs -7.38%/yr for ALC. At a 0.30 correlation, their price movements are largely independent.
Performance
EWSP.L vs. ALC - Performance Comparison
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Different Trading Currencies
EWSP.L is traded in GBP, while ALC is traded in USD. To make them comparable, the ALC values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EWSP.L achieves a 9.60% return, which is significantly higher than ALC's -14.24% return.
EWSP.L
- 1D
- 0.41%
- 1M
- 4.78%
- YTD
- 9.60%
- 6M
- 10.10%
- 1Y
- 21.05%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
ALC
- 1D
- 3.67%
- 1M
- -9.20%
- YTD
- -14.24%
- 6M
- -15.38%
- 1Y
- -20.92%
- 3Y*
- -7.38%
- 5Y*
- 0.56%
- 10Y*
- —
EWSP.L vs. ALC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 9.60% | 3.96% | 14.13% | 7.72% | -1.67% |
ALC Alcon Inc. | -14.24% | -13.16% | 10.93% | 8.61% | -11.51% |
Correlation
The correlation between EWSP.L and ALC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022 | 0.30 |
The correlation between EWSP.L and ALC shifts across timeframes, from 0.25 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EWSP.L vs. ALC — Risk / Return Rank
EWSP.L
ALC
EWSP.L vs. ALC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) and Alcon Inc. (ALC). 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.
| EWSP.L | ALC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +3.88 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.88 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | -0.64 | +4.33 |
| Martin ratioReturn relative to average drawdown | 11.84 | -1.36 | +13.21 |
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
| EWSP.L | ALC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | -0.77 | +2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.07 | +0.59 |
Drawdowns
EWSP.L vs. ALC - Drawdown Comparison
The maximum EWSP.L drawdown since its inception was -19.59%, smaller than the maximum ALC drawdown of -39.55%. Use the drawdown chart below to compare losses from any high point for EWSP.L and ALC.
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Drawdown Indicators
| EWSP.L | ALC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -39.55% | +19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -32.72% | +27.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -39.55% | +19.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.55% | — |
Current DrawdownCurrent decline from peak | 0.00% | -34.20% | +34.20% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -10.32% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 15.37% | -13.60% |
Volatility
EWSP.L vs. ALC - Volatility Comparison
The current volatility for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) is 1.96%, while Alcon Inc. (ALC) has a volatility of 15.16%. This indicates that EWSP.L experiences smaller price fluctuations and is considered to be less risky than ALC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWSP.L | ALC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 15.16% | -13.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 20.89% | -14.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 27.42% | -17.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 25.10% | -11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 26.74% | -13.52% |
Dividends
EWSP.L vs. ALC - Dividend Comparison
EWSP.L has not paid dividends to shareholders, while ALC's dividend yield for the trailing twelve months is around 1.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ALC Alcon Inc. | 1.21% | 0.84% | 0.31% | 0.30% | 0.30% | 0.13% |
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWSP.L and ALC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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