EWT vs. EWY
Compare and contrast key facts about iShares MSCI Taiwan ETF (EWT) and iShares MSCI South Korea ETF (EWY).
EWT and EWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000. Both EWT and EWY 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: EWT or EWY.
Key characteristics
| EWT | EWY | |
|---|---|---|
| YTD Return | 19.92% | -7.07% |
| 1Y Return | 35.82% | 4.73% |
| 3Y Return (Ann) | 5.54% | -6.71% |
| 5Y Return (Ann) | 14.36% | 1.83% |
| 10Y Return (Ann) | 11.21% | 2.48% |
| Sharpe Ratio | 1.84 | 0.33 |
| Sortino Ratio | 2.43 | 0.63 |
| Omega Ratio | 1.32 | 1.08 |
| Calmar Ratio | 1.83 | 0.21 |
| Martin Ratio | 8.69 | 1.26 |
| Ulcer Index | 4.38% | 6.06% |
| Daily Std Dev | 20.71% | 22.81% |
| Max Drawdown | -64.26% | -74.14% |
| Current Drawdown | -2.95% | -32.87% |
Correlation
The correlation between EWT and EWY is 0.70, 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
EWT vs. EWY - Performance Comparison
In the year-to-date period, EWT achieves a 19.92% return, which is significantly higher than EWY's -7.07% return. Over the past 10 years, EWT has outperformed EWY with an annualized return of 11.21%, while EWY has yielded a comparatively lower 2.48% 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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EWT vs. EWY - Expense Ratio Comparison
Both EWT and EWY have an expense ratio of 0.59%.
Risk-Adjusted Performance
EWT vs. EWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan ETF (EWT) and iShares MSCI South Korea ETF (EWY). 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
EWT vs. EWY - Dividend Comparison
EWT's dividend yield for the trailing twelve months is around 10.01%, more than EWY's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 10.01% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
EWY iShares MSCI South Korea ETF | 2.71% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% | 1.20% | 1.39% |
Drawdowns
EWT vs. EWY - Drawdown Comparison
The maximum EWT drawdown since its inception was -64.26%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for EWT and EWY. For additional features, visit the drawdowns tool.
Volatility
EWT vs. EWY - Volatility Comparison
iShares MSCI Taiwan ETF (EWT) has a higher volatility of 5.05% compared to iShares MSCI South Korea ETF (EWY) at 4.34%. This indicates that EWT's price experiences larger fluctuations and is considered to be riskier than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.