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EWW vs. EIDO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWW vs. EIDO

Last updated Jun 23, 2026

EWW (iShares MSCI Mexico ETF) and EIDO (iShares MSCI Indonesia ETF) are both exchange-traded funds - EWW is a Latin America Equities fund tracking the MSCI Mexico IMI 25/50 Index, while EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index. Both are passively managed. Over the past 10 years, EWW returned 7.64%/yr vs -3.64%/yr for EIDO. A 0.52 correlation means they provide meaningful diversification when combined. EWW charges 0.49%/yr vs 0.59%/yr for EIDO.

Performance

EWW vs. EIDO - Performance Comparison

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

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Returns By Period

In the year-to-date period, EWW achieves a 11.18% return, which is significantly higher than EIDO's -33.80% return. Over the past 10 years, EWW has outperformed EIDO with an annualized return of 7.64%, while EIDO has yielded a comparatively lower -3.64% 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%

EIDO

1D
-2.25%
1M
-5.44%
YTD
-33.80%
6M
-33.67%
1Y
-27.25%
3Y*
-15.99%
5Y*
-7.18%
10Y*
-3.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWW vs. EIDO - 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%
EIDO
iShares MSCI Indonesia ETF		-33.80%4.90%-13.02%2.56%-0.16%-0.60%-7.13%5.30%-10.88%19.40%

Correlation

The correlation between EWW and EIDO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.34

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

0.38

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

0.46

Correlation (All Time)
Calculated using the full available price history since May 7, 2010

0.52

Over the past year, the correlation between EWW and EIDO has dropped to 0.29 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

EWW vs. EIDO - Sectors Allocation Comparison

Sectors
EWW
EIDO

Basic Materials

26.2%
12.8%

Consumer Defensive

23.9%
7.9%

Financial Services

17.8%
42.5%

Industrials

12.7%
5.2%

Communication Services

9.8%
10.2%

Real Estate

7.7%
2.4%

Consumer Cyclical

1.4%
2.1%

Healthcare

0.5%
1.8%

Energy

-

9.2%

Technology

-

3.9%

Utilities

-

2.0%

Basic Materials

EWW
26.2%
EIDO
12.8%

Consumer Defensive

EWW
23.9%
EIDO
7.9%

Financial Services

EWW
17.8%
EIDO
42.5%

Industrials

EWW
12.7%
EIDO
5.2%

Communication Services

EWW
9.8%
EIDO
10.2%

Real Estate

EWW
7.7%
EIDO
2.4%

Consumer Cyclical

EWW
1.4%
EIDO
2.1%

Healthcare

EWW
0.5%
EIDO
1.8%

Energy

EWW

-

EIDO
9.2%

Technology

EWW

-

EIDO
3.9%

Utilities

EWW

-

EIDO
2.0%

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iShares MSCI Mexico ETF

iShares MSCI Indonesia ETF

Often compared with EWW:
EWW vs. EWZEWW vs. FLMXEWW vs. ILFEWW vs. SPYEWW vs. VOOEWW vs. MEXXEWW vs. ECH
Often compared with EIDO:
EIDO vs. IDXEIDO vs. EWYEIDO vs. INDAEIDO vs. ASEAEIDO vs. EWMEIDO vs. EWSEIDO vs. VOO

Return for Risk

EWW vs. EIDO — 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
EIDO
EIDO Risk / Return Rank: 11
Overall Rank
EIDO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
EIDO Sortino Ratio Rank: 11
Sortino Ratio Rank
EIDO Omega Ratio Rank: 11
Omega Ratio Rank
EIDO Calmar Ratio Rank: 44
Calmar Ratio Rank
EIDO Martin Ratio Rank: 00
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. EIDO - Risk-Adjusted Trends Comparison

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

EWWEIDODifference
Sharpe ratioReturn per unit of total volatility
1.63
-1.07

+2.70

Sortino ratioReturn per unit of downside risk
2.29
-1.49

+3.77

Omega ratioGain probability vs. loss probability

1.29

0.81

+0.48

Calmar ratioReturn relative to maximum drawdown

2.53

-0.62

+3.15

Martin ratioReturn relative to average drawdown

8.96

-1.90

+10.87

EWW vs. EIDO - Sharpe Ratio Comparison

The current EWW Sharpe Ratio is 1.63, which is higher than the EIDO Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of EWW and EIDO, 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

EWW vs. EIDO - Drawdown Comparison

The maximum EWW drawdown since its inception was -64.94%, roughly equal to the maximum EIDO drawdown of -63.21%. Use the drawdown chart below to compare losses from any high point for EWW and EIDO.

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Drawdown Indicators

EWWEIDODifference

Max Drawdown

Largest peak-to-trough decline

-64.94%

-63.21%

-1.73%

Max Drawdown (1Y)

Largest decline over 1 year

-13.98%

-43.81%

+29.83%

Max Drawdown (3Y)

Largest decline over 3 years

-31.17%

-51.77%

+20.60%

Max Drawdown (5Y)

Largest decline over 5 years

-31.17%

-51.77%

+20.60%

Max Drawdown (10Y)

Largest decline over 10 years

-53.62%

-59.41%

+5.79%

Current Drawdown

Current decline from peak

-5.11%

-54.82%

+49.71%

Average Drawdown

Average peak-to-trough decline

-18.50%

-24.71%

+6.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.94%

14.33%

-10.39%

Volatility

EWW vs. EIDO - Volatility Comparison

The current volatility for iShares MSCI Mexico ETF (EWW) is 6.51%, while iShares MSCI Indonesia ETF (EIDO) has a volatility of 14.59%. This indicates that EWW experiences smaller price fluctuations and is considered to be less risky than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWWEIDODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

14.59%

-8.08%

Volatility (6M)

Calculated over the trailing 6-month period

18.27%

22.24%

-3.97%

Volatility (1Y)

Calculated over the trailing 1-year period

21.76%

25.50%

-3.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

20.51%

+2.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.39%

25.06%

+0.33%

EWW vs. EIDO - Expense Ratio Comparison

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

Dividends

EWW vs. EIDO - Dividend Comparison

EWW's dividend yield for the trailing twelve months is around 3.25%, less than EIDO's 3.36% yield.

PositionTTM20252024202320222021202020192018201720162015
EIDO
iShares MSCI Indonesia ETF		3.36%3.56%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%
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 EIDO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIDO has higher volatility (14.59%) compared to EWW (6.51%). In terms of maximum drawdown, EWW dropped -64.94% vs EIDO's -63.21%.

On 10-year performance, EWW leads with 7.64% vs -3.64% for EIDO. 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 -3.64%. 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 EIDO.

EIDO has the higher dividend yield at 3.36%, compared with 3.25% for EWW.

EWW is categorized as Latin America Equities, while EIDO is Asia Pacific Equities. EWW tracks MSCI Mexico IMI 25/50 Index, while EIDO tracks MSCI Indonesia Investable Market Index. Their fees differ too: 0.49% for EWW and 0.59% for EIDO.

EWW currently has the higher Sharpe Ratio (1.63 vs -1.07), 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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