EWT vs. XIEE.DE
EWT (iShares MSCI Taiwan ETF) and XIEE.DE (Xtrackers MSCI Europe UCITS ETF) are both exchange-traded funds - EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan Index, while XIEE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, EWT returned 19.56%/yr vs 10.37%/yr for XIEE.DE. At a 0.48 correlation, their price movements are largely independent. EWT charges 0.59%/yr vs 0.12%/yr for XIEE.DE.
Performance
EWT vs. XIEE.DE - Performance Comparison
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Different Trading Currencies
EWT is traded in USD, while XIEE.DE is traded in EUR. To make them comparable, the XIEE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EWT achieves a 61.53% return, which is significantly higher than XIEE.DE's 7.62% return. Over the past 10 years, EWT has outperformed XIEE.DE with an annualized return of 19.56%, while XIEE.DE has yielded a comparatively lower 10.37% annualized return.
EWT
- 1D
- 0.17%
- 1M
- 8.18%
- YTD
- 61.53%
- 6M
- 67.45%
- 1Y
- 89.17%
- 3Y*
- 34.98%
- 5Y*
- 17.48%
- 10Y*
- 19.56%
XIEE.DE
- 1D
- 1.74%
- 1M
- 3.67%
- YTD
- 7.62%
- 6M
- 9.42%
- 1Y
- 18.03%
- 3Y*
- 16.68%
- 5Y*
- 9.04%
- 10Y*
- 10.37%
EWT vs. XIEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 61.53% | 28.38% | 16.11% | 23.97% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.62% | 35.84% | 1.90% | 19.38% | -14.15% | 15.10% | 6.33% | 25.12% | -15.17% | 25.78% |
Correlation
The correlation between EWT and XIEE.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.48 |
The correlation between EWT and XIEE.DE has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
EWT vs. XIEE.DE — Risk / Return Rank
EWT
XIEE.DE
EWT vs. XIEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan ETF (EWT) and Xtrackers MSCI Europe UCITS ETF (XIEE.DE). 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.
| EWT | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.22 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 8.53 | 1.51 | +7.01 |
| Martin ratioReturn relative to average drawdown | 25.15 | 5.67 | +19.47 |
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Drawdowns
EWT vs. XIEE.DE - Drawdown Comparison
The maximum EWT drawdown since its inception was -64.37%, which is greater than XIEE.DE's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for EWT and XIEE.DE.
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Drawdown Indicators
| EWT | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.37% | -36.12% | -28.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -11.86% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -14.99% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -38.88% | -30.85% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -36.12% | -2.76% |
Current DrawdownCurrent decline from peak | -4.19% | -0.55% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -8.29% | -10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.17% | +0.39% |
Volatility
EWT vs. XIEE.DE - Volatility Comparison
iShares MSCI Taiwan ETF (EWT) has a higher volatility of 13.55% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 4.82%. This indicates that EWT's price experiences larger fluctuations and is considered to be riskier than XIEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWT | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.55% | 4.82% | +8.73% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 13.11% | +9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.75% | 15.46% | +11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 17.48% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 19.59% | +2.19% |
EWT vs. XIEE.DE - Expense Ratio Comparison
EWT has a 0.59% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio.
Dividends
EWT vs. XIEE.DE - Dividend Comparison
EWT's dividend yield for the trailing twelve months is around 2.74%, more than XIEE.DE's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 2.74% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.39% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% | 0.00% |
Frequently Asked Questions
EWT and XIEE.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.59% for EWT.
EWT is categorized as Asia Pacific Equities, while XIEE.DE is Europe Equities. EWT tracks MSCI Taiwan Index, while XIEE.DE tracks MSCI Europe. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.59% for EWT and 0.12% for XIEE.DE.
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