EWW vs. KOF
EWW (iShares MSCI Mexico ETF) is Latin America Equities fund tracking the MSCI Mexico IMI 25/50 Index, while KOF (Coca-Cola FEMSA, S.A.B. de C.V.) is a stock. Over the past 10 years, EWW returned 7.05%/yr vs 7.84%/yr for KOF. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
EWW vs. KOF - Performance Comparison
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Returns By Period
In the year-to-date period, EWW achieves a 12.04% return, which is significantly lower than KOF's 15.43% return. Over the past 10 years, EWW has underperformed KOF with an annualized return of 7.05%, while KOF has yielded a comparatively higher 7.84% annualized return.
EWW
- 1D
- -0.34%
- 1M
- 1.39%
- 6M
- 2.98%
- YTD
- 12.04%
- 1Y
- 32.83%
- 3Y*
- 10.69%
- 5Y*
- 12.92%
- 10Y*
- 7.05%
- ALL TIME*
- 8.92%
KOF
- 1D
- -1.16%
- 1M
- 0.74%
- 6M
- 3.90%
- YTD
- 15.43%
- 1Y
- 34.13%
- 3Y*
- 14.29%
- 5Y*
- 18.41%
- 10Y*
- 7.84%
- ALL TIME*
- 10.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.87M | $77.20M | $92.45M | |
| $16.14M | $15.93M | $14.48M |
EWW vs. KOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWW iShares MSCI Mexico ETF | 12.04% | 53.65% | -28.22% | 40.32% | 1.24% | 20.27% | -3.06% | 12.64% | -14.58% | 14.47% |
KOF Coca-Cola FEMSA, S.A.B. de C.V. | 15.43% | 27.03% | -14.60% | 45.09% | 29.83% | 24.85% | -19.17% | 2.46% | -9.99% | 12.36% |
Correlation
The correlation between EWW and KOF is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.55 |
The correlation between EWW and KOF has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
EWW vs. KOF — Risk / Return Rank
EWW
KOF
EWW vs. KOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico ETF (EWW) and Coca-Cola FEMSA, S.A.B. de C.V. (KOF). 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.
| EWW | KOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.89 | +0.47 |
| Martin ratioReturn relative to average drawdown | 7.62 | 5.43 | +2.20 |
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Drawdowns
EWW vs. KOF - Drawdown Comparison
The maximum EWW drawdown since its inception was -64.94%, smaller than the maximum KOF drawdown of -74.81%. Use the drawdown chart below to compare losses from any high point for EWW and KOF.
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Drawdown Indicators
| EWW | KOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.94% | -74.81% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.98% | -18.13% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -31.17% | -24.50% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -24.50% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -53.62% | -55.04% | +1.42% |
Current DrawdownCurrent decline from peak | -4.37% | -4.56% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -18.45% | -28.92% | +10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 6.30% | -1.98% |
Volatility
EWW vs. KOF - Volatility Comparison
The current volatility for iShares MSCI Mexico ETF (EWW) is 5.26%, while Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a volatility of 8.12%. This indicates that EWW experiences smaller price fluctuations and is considered to be less risky than KOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWW | KOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 8.12% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 19.09% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 25.37% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 24.52% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.25% | 25.86% | -0.61% |
Dividends
EWW vs. KOF - Dividend Comparison
EWW's dividend yield for the trailing twelve months is around 3.22%, less than KOF's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWW iShares MSCI Mexico ETF | 3.22% | 3.48% | 4.39% | 2.19% | 3.64% | 2.06% | 1.43% | 2.92% | 2.30% | 2.22% | 1.77% | 2.34% |
KOF Coca-Cola FEMSA, S.A.B. de C.V. | 3.93% | 4.09% | 4.20% | 3.37% | 3.99% | 4.59% | 5.22% | 2.75% | 2.95% | 2.52% | 2.84% | 2.74% |
Frequently Asked Questions
EWW and KOF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KOF has higher volatility (8.12%) compared to EWW (5.26%). In terms of maximum drawdown, EWW dropped -64.94% vs KOF's -74.81%.
EWW currently has the higher Sharpe Ratio (1.50 vs 1.35), 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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