PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWW vs. ECH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWW vs. ECH

Last updated Jun 23, 2026

EWW (iShares MSCI Mexico ETF) and ECH (iShares MSCI Chile ETF) are both exchange-traded funds - EWW is a Latin America Equities fund tracking the MSCI Mexico IMI 25/50 Index, while ECH is a Foreign Large Cap Equities fund tracking the MSCI Chile Investable Market Index. Both are passively managed. Over the past 10 years, EWW returned 7.64%/yr vs 4.74%/yr for ECH. A 0.58 correlation means they provide meaningful diversification when combined. EWW charges 0.49%/yr vs 0.59%/yr for ECH.

Performance

EWW vs. ECH - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EWW achieves a 11.18% return, which is significantly higher than ECH's 2.63% return. Over the past 10 years, EWW has outperformed ECH with an annualized return of 7.64%, while ECH has yielded a comparatively lower 4.74% annualized return.

EWW

1D
-1.77%
1M
-0.88%
YTD
11.18%
6M
10.19%
1Y
35.19%
3Y*
11.06%
5Y*
13.50%
10Y*
7.64%

ECH

1D
0.39%
1M
2.91%
YTD
2.63%
6M
4.41%
1Y
38.25%
3Y*
15.48%
5Y*
11.62%
10Y*
4.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWW vs. ECH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWW
iShares MSCI Mexico ETF		11.18%53.65%-28.22%40.32%1.24%20.27%-3.06%12.64%-14.58%14.47%
ECH
iShares MSCI Chile ETF		2.63%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%

Correlation

The correlation between EWW and ECH is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2007

0.58

The correlation between EWW and ECH has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.

EWW vs. ECH - Sectors Allocation Comparison

Sectors
EWW
ECH

Basic Materials

26.2%
20.1%

Consumer Defensive

23.9%
7.6%

Financial Services

17.8%
21.8%

Industrials

12.7%
15.7%

Communication Services

9.8%
1.7%

Real Estate

7.7%
7.7%

Consumer Cyclical

1.4%
12.4%

Healthcare

0.5%

-

Energy

-

-

Technology

-

-

Utilities

-

12.9%

Basic Materials

EWW
26.2%
ECH
20.1%

Consumer Defensive

EWW
23.9%
ECH
7.6%

Financial Services

EWW
17.8%
ECH
21.8%

Industrials

EWW
12.7%
ECH
15.7%

Communication Services

EWW
9.8%
ECH
1.7%

Real Estate

EWW
7.7%
ECH
7.7%

Consumer Cyclical

EWW
1.4%
ECH
12.4%

Healthcare

EWW
0.5%
ECH

-

Energy

EWW

-

ECH

-

Technology

EWW

-

ECH

-

Utilities

EWW

-

ECH
12.9%

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 Mexico ETF

iShares MSCI Chile ETF

Often compared with EWW:
EWW vs. EWZEWW vs. FLMXEWW vs. ILFEWW vs. SPYEWW vs. VOOEWW vs. MEXXEWW vs. EIDO
Often compared with ECH:
ECH vs. EWZECH vs. EPUECH vs. EWZSECH vs. EPOLECH vs. EWYECH vs. SCHDECH vs. SPYG

Return for Risk

EWW vs. ECH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWW
EWW Risk / Return Rank: 5050
Overall Rank
EWW Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EWW Sortino Ratio Rank: 4747
Sortino Ratio Rank
EWW Omega Ratio Rank: 4646
Omega Ratio Rank
EWW Calmar Ratio Rank: 5252
Calmar Ratio Rank
EWW Martin Ratio Rank: 5454
Martin Ratio Rank
ECH
ECH Risk / Return Rank: 4040
Overall Rank
ECH Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 4242
Sortino Ratio Rank
ECH Omega Ratio Rank: 4141
Omega Ratio Rank
ECH Calmar Ratio Rank: 4040
Calmar Ratio Rank
ECH Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EWW vs. ECH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico ETF (EWW) and iShares MSCI Chile ETF (ECH). 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.

EWWECHDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.51

+0.12

Sortino ratioReturn per unit of downside risk
2.29
2.06

+0.22

Omega ratioGain probability vs. loss probability

1.29

1.26

+0.03

Calmar ratioReturn relative to maximum drawdown

2.53

1.95

+0.58

Martin ratioReturn relative to average drawdown

8.96

4.58

+4.38

EWW vs. ECH - Sharpe Ratio Comparison

The current EWW Sharpe Ratio is 1.63, which is comparable to the ECH Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of EWW and ECH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EWW vs. ECH - Drawdown Comparison

The maximum EWW drawdown since its inception was -64.94%, smaller than the maximum ECH drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for EWW and ECH.

Loading charts...

Drawdown Indicators

EWWECHDifference

Max Drawdown

Largest peak-to-trough decline

-64.94%

-74.08%

+9.14%

Max Drawdown (1Y)

Largest decline over 1 year

-13.98%

-19.74%

+5.76%

Max Drawdown (3Y)

Largest decline over 3 years

-31.17%

-25.59%

-5.58%

Max Drawdown (5Y)

Largest decline over 5 years

-31.17%

-25.59%

-5.58%

Max Drawdown (10Y)

Largest decline over 10 years

-53.62%

-66.89%

+13.27%

Current Drawdown

Current decline from peak

-5.11%

-23.74%

+18.63%

Average Drawdown

Average peak-to-trough decline

-18.50%

-37.48%

+18.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.94%

8.37%

-4.43%

Volatility

EWW vs. ECH - Volatility Comparison

The current volatility for iShares MSCI Mexico ETF (EWW) is 6.51%, while iShares MSCI Chile ETF (ECH) has a volatility of 8.61%. This indicates that EWW experiences smaller price fluctuations and is considered to be less risky than ECH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EWWECHDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

8.61%

-2.10%

Volatility (6M)

Calculated over the trailing 6-month period

18.27%

21.15%

-2.88%

Volatility (1Y)

Calculated over the trailing 1-year period

21.76%

25.54%

-3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

27.62%

-5.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.39%

27.28%

-1.89%

EWW vs. ECH - Expense Ratio Comparison

EWW has a 0.49% expense ratio, which is lower than ECH's 0.59% expense ratio.

Dividends

EWW vs. ECH - Dividend Comparison

EWW's dividend yield for the trailing twelve months is around 3.25%, more than ECH's 1.92% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		1.92%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
EWW
iShares MSCI Mexico ETF		3.25%3.48%4.39%2.19%3.64%2.06%1.43%2.92%2.30%2.22%1.77%2.34%

Frequently Asked Questions

EWW and ECH have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (8.61%) compared to EWW (6.51%). In terms of maximum drawdown, EWW dropped -64.94% vs ECH's -74.08%.

On 10-year performance, EWW leads with 7.64% vs 4.74% for ECH. On fees, EWW is cheaper at 0.49% per year. On volatility, EWW has been the lower-risk option at 6.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWW has performed better with a 7.64% return vs 4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWW is cheaper with a 0.49% expense ratio, compared with 0.59% for ECH.

EWW has the higher dividend yield at 3.25%, compared with 1.92% for ECH.

EWW is categorized as Latin America Equities, while ECH is Foreign Large Cap Equities. EWW tracks MSCI Mexico IMI 25/50 Index, while ECH tracks MSCI Chile Investable Market Index. Their fees differ too: 0.49% for EWW and 0.59% for ECH.

EWW currently has the higher Sharpe Ratio (1.63 vs 1.51), 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.

Portfolio Optimizer

Find the right allocation for EWW and ECH

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer