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EWT vs. EIS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWT vs. EIS

Last updated Aug 4, 2026
Documentation

EWT (iShares MSCI Taiwan ETF) and EIS (iShares MSCI Israel ETF) are both exchange-traded funds - EWT is a Taiwan Equities fund tracking the MSCI Taiwan 25/50 Index, while EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net). Both are passively managed. Over the past 10 years, EWT returned 17.92%/yr vs 10.88%/yr for EIS. Their 0.56 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.59% expense ratio.

Performance

EWT vs. EIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Taiwan ETF (EWT) and iShares MSCI Israel ETF (EIS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWT achieves a 54.23% return, which is significantly higher than EIS's 9.39% return. Over the past 10 years, EWT has outperformed EIS with an annualized return of 17.92%, while EIS has yielded a comparatively lower 10.88% annualized return.

EWT

1D
1.48%
1M
-6.56%
6M
42.12%
YTD
54.23%
1Y
75.51%
3Y*
36.58%
5Y*
16.78%
10Y*
17.92%
ALL TIME*
7.06%

EIS

1D
0.25%
1M
-0.69%
6M
-0.29%
YTD
9.39%
1Y
33.58%
3Y*
30.19%
5Y*
12.65%
10Y*
10.88%
ALL TIME*
6.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EIS

iShares MSCI Israel ETF
$7.40M$7.68M$10.93M

EWT

iShares MSCI Taiwan ETF
$570.84M$674.34M$671.50M

EWT vs. EIS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWT
iShares MSCI Taiwan ETF		54.23%28.38%16.11%29.00%-28.90%26.18%31.50%33.36%-9.90%26.81%
EIS
iShares MSCI Israel ETF		9.39%45.11%34.50%5.48%-27.05%22.83%12.01%20.93%-4.84%12.77%

Correlation

The correlation between EWT and EIS is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.53

Correlation (3Y)
Balances recent behavior with more history.

0.51

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.56

Correlation (10Y)
Provides a long-term view across more market conditions.

0.55

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2008

0.56

The correlation between EWT and EIS has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.

EWT vs. EIS - Sectors Allocation Comparison

Sectors
EWT
EIS

Technology

71.6%
18.7%

Financial Services

14.6%
34.4%

Industrials

4.3%
10.9%

Basic Materials

3.9%
1.6%

Communication Services

1.8%
2.5%

Healthcare

1.3%
9.4%

Consumer Defensive

1.1%
2.3%

Consumer Cyclical

0.4%
2.5%

Energy

-

2.0%

Real Estate

-

8.4%

Utilities

-

6.7%

Technology

EWT
71.6%
EIS
18.7%

Financial Services

EWT
14.6%
EIS
34.4%

Industrials

EWT
4.3%
EIS
10.9%

Basic Materials

EWT
3.9%
EIS
1.6%

Communication Services

EWT
1.8%
EIS
2.5%

Healthcare

EWT
1.3%
EIS
9.4%

Consumer Defensive

EWT
1.1%
EIS
2.3%

Consumer Cyclical

EWT
0.4%
EIS
2.5%

Energy

EWT

-

EIS
2.0%

Real Estate

EWT

-

EIS
8.4%

Utilities

EWT

-

EIS
6.7%

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 Taiwan ETF

iShares MSCI Israel ETF

Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWSEWT vs. EWHEWT vs. EWX
Often compared with EIS:
EIS vs. ISRAEIS vs. IZRLEIS vs. SPYEIS vs. VOOEIS vs. ITEQEIS vs. QQQEIS vs. EPU

Return for Risk

EWT vs. EIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EWT
EWT Risk / Return Rank: 8989
Overall Rank
EWT Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 8686
Sortino Ratio Rank
EWT Omega Ratio Rank: 8888
Omega Ratio Rank
EWT Calmar Ratio Rank: 8989
Calmar Ratio Rank
EWT Martin Ratio Rank: 9191
Martin Ratio Rank
EIS
EIS Risk / Return Rank: 5858
Overall Rank
EIS Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
EIS Sortino Ratio Rank: 6060
Sortino Ratio Rank
EIS Omega Ratio Rank: 5757
Omega Ratio Rank
EIS Calmar Ratio Rank: 6161
Calmar Ratio Rank
EIS Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EWT vs. EIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan ETF (EWT) and iShares MSCI Israel ETF (EIS). 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.

EWTEISDifference
Sharpe ratioReturn per unit of total volatility
2.46
1.45

+1.01

Sortino ratioReturn per unit of downside risk
2.94
2.08

+0.86

Omega ratioGain probability vs. loss probability

1.40

1.26

+0.15

Calmar ratioReturn relative to maximum drawdown

3.83

2.19

+1.63

Martin ratioReturn relative to average drawdown

15.47

6.30

+9.17

EWT vs. EIS - Sharpe Ratio Comparison

The current EWT Sharpe Ratio is 2.46, which is higher than the EIS Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of EWT and EIS, 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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Drawdowns

EWT vs. EIS - Drawdown Comparison

The maximum EWT drawdown since its inception was -64.37%, which is greater than EIS's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for EWT and EIS.

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Drawdown Indicators

EWTEISDifference

Max Drawdown

Largest peak-to-trough decline

-64.37%

-51.94%

-12.43%

Max Drawdown (1Y)

Largest decline over 1 year

-19.83%

-15.37%

-4.46%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-21.75%

-3.91%

Max Drawdown (5Y)

Largest decline over 5 years

-38.88%

-41.88%

+3.00%

Max Drawdown (10Y)

Largest decline over 10 years

-38.88%

-41.88%

+3.00%

Current Drawdown

Current decline from peak

-12.15%

-12.58%

+0.43%

Average Drawdown

Average peak-to-trough decline

-19.09%

-13.88%

-5.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.90%

5.34%

-0.44%

Volatility

EWT vs. EIS - Volatility Comparison

iShares MSCI Taiwan ETF (EWT) has a higher volatility of 13.53% compared to iShares MSCI Israel ETF (EIS) at 6.92%. This indicates that EWT's price experiences larger fluctuations and is considered to be riskier than EIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWTEISDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.53%

6.92%

+6.61%

Volatility (6M)

Calculated over the trailing 6-month period

27.44%

18.77%

+8.67%

Volatility (1Y)

Calculated over the trailing 1-year period

30.86%

23.31%

+7.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.96%

22.34%

+1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.20%

21.30%

+0.90%

EWT vs. EIS - Expense Ratio Comparison

Both EWT and EIS have an expense ratio of 0.59%.

Dividends

EWT vs. EIS - Dividend Comparison

EWT's dividend yield for the trailing twelve months is around 2.87%, more than EIS's 1.55% yield.

PositionTTM20252024202320222021202020192018201720162015
EIS
iShares MSCI Israel ETF		1.55%1.44%1.38%1.39%1.66%1.04%0.16%2.06%0.87%2.02%1.78%2.55%
EWT
iShares MSCI Taiwan ETF		2.87%4.43%3.32%12.01%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%

Frequently Asked Questions

EWT and EIS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWT has higher volatility (13.53%) compared to EIS (6.92%). In terms of maximum drawdown, EWT dropped -64.37% vs EIS's -51.94%.

On 10-year performance, EWT leads with 17.92% vs 10.88% for EIS. Both ETFs have the same 0.59% expense ratio. On volatility, EIS has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWT has performed better with a 17.92% return vs 10.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWT and EIS have the same expense ratio: 0.59% per year.

EWT has the higher dividend yield at 2.87%, compared with 1.55% for EIS.

EWT is categorized as Taiwan Equities, while EIS is Foreign Large Cap Equities. EWT tracks MSCI Taiwan 25/50 Index, while EIS tracks MSCI Israel Capped Investable Market Index (Net).

EWT currently has the higher Sharpe Ratio (2.46 vs 1.45), 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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