EWW vs. FLMX
Compare and contrast key facts about iShares MSCI Mexico ETF (EWW) and Franklin FTSE Mexico ETF (FLMX).
EWW and FLMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWW is a passively managed fund by iShares that tracks the performance of the MSCI Mexico IMI 25/50 Index. It was launched on Mar 12, 1996. FLMX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Mexico RIC Capped Index. It was launched on Nov 3, 2017. Both EWW and FLMX 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: EWW or FLMX.
Key characteristics
| EWW | FLMX | |
|---|---|---|
| YTD Return | -24.05% | -23.36% |
| 1Y Return | -12.12% | -11.36% |
| 3Y Return (Ann) | 4.16% | 4.38% |
| 5Y Return (Ann) | 5.12% | 5.28% |
| Sharpe Ratio | -0.30 | -0.29 |
| Sortino Ratio | -0.25 | -0.24 |
| Omega Ratio | 0.97 | 0.97 |
| Calmar Ratio | -0.27 | -0.26 |
| Martin Ratio | -0.53 | -0.51 |
| Ulcer Index | 14.08% | 13.59% |
| Daily Std Dev | 24.78% | 23.89% |
| Max Drawdown | -64.95% | -50.05% |
| Current Drawdown | -26.97% | -26.78% |
Correlation
The correlation between EWW and FLMX is 0.91, 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
EWW vs. FLMX - Performance Comparison
The year-to-date returns for both investments are quite close, with EWW having a -24.05% return and FLMX slightly higher at -23.36%. 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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EWW vs. FLMX - Expense Ratio Comparison
EWW has a 0.49% expense ratio, which is higher than FLMX's 0.19% expense ratio.
Risk-Adjusted Performance
EWW vs. FLMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico ETF (EWW) and Franklin FTSE Mexico ETF (FLMX). 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
EWW vs. FLMX - Dividend Comparison
EWW's dividend yield for the trailing twelve months is around 2.94%, less than FLMX's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWW iShares MSCI Mexico ETF | 2.94% | 2.19% | 3.63% | 2.06% | 1.42% | 2.91% | 2.29% | 2.21% | 1.76% | 2.31% | 1.22% | 1.93% |
FLMX Franklin FTSE Mexico ETF | 3.44% | 2.90% | 4.22% | 3.15% | 1.48% | 2.95% | 2.51% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWW vs. FLMX - Drawdown Comparison
The maximum EWW drawdown since its inception was -64.95%, which is greater than FLMX's maximum drawdown of -50.05%. Use the drawdown chart below to compare losses from any high point for EWW and FLMX. For additional features, visit the drawdowns tool.
Volatility
EWW vs. FLMX - Volatility Comparison
iShares MSCI Mexico ETF (EWW) and Franklin FTSE Mexico ETF (FLMX) have volatilities of 4.96% and 4.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.