EWX vs. FM
Compare and contrast key facts about SPDR S&P Emerging Markets Small Cap ETF (EWX) and iShares MSCI Frontier 100 ETF (FM).
EWX and FM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWX is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Under USD2 Billion Index. It was launched on May 12, 2008. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012. Both EWX and FM 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: EWX or FM.
Performance
EWX vs. FM - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with EWX having a 7.52% return and FM slightly higher at 7.68%. Over the past 10 years, EWX has outperformed FM with an annualized return of 5.20%, while FM has yielded a comparatively lower 1.38% annualized return.
EWX
7.52%
-1.84%
3.50%
11.04%
9.20%
5.20%
FM
7.68%
0.51%
0.43%
8.06%
2.15%
1.38%
Key characteristics
| EWX | FM | |
|---|---|---|
| Sharpe Ratio | 0.72 | 0.94 |
| Sortino Ratio | 1.04 | 1.30 |
| Omega Ratio | 1.14 | 1.19 |
| Calmar Ratio | 1.16 | 0.33 |
| Martin Ratio | 3.40 | 3.78 |
| Ulcer Index | 3.13% | 2.16% |
| Daily Std Dev | 14.71% | 8.73% |
| Max Drawdown | -63.90% | -41.63% |
| Current Drawdown | -7.02% | -16.74% |
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EWX vs. FM - Expense Ratio Comparison
EWX has a 0.65% expense ratio, which is lower than FM's 0.79% expense ratio.
Correlation
The correlation between EWX and FM is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
EWX vs. FM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Small Cap ETF (EWX) and iShares MSCI Frontier 100 ETF (FM). 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
EWX vs. FM - Dividend Comparison
EWX's dividend yield for the trailing twelve months is around 2.12%, less than FM's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWX SPDR S&P Emerging Markets Small Cap ETF | 2.12% | 2.32% | 3.00% | 2.77% | 2.24% | 2.73% | 3.26% | 2.30% | 2.46% | 3.04% | 2.74% | 2.33% |
FM iShares MSCI Frontier 100 ETF | 4.14% | 3.62% | 2.70% | 2.04% | 2.91% | 3.13% | 4.29% | 2.04% | 2.15% | 2.76% | 12.35% | 1.11% |
Drawdowns
EWX vs. FM - Drawdown Comparison
The maximum EWX drawdown since its inception was -63.90%, which is greater than FM's maximum drawdown of -41.63%. Use the drawdown chart below to compare losses from any high point for EWX and FM. For additional features, visit the drawdowns tool.
Volatility
EWX vs. FM - Volatility Comparison
SPDR S&P Emerging Markets Small Cap ETF (EWX) has a higher volatility of 4.71% compared to iShares MSCI Frontier 100 ETF (FM) at 0.87%. This indicates that EWX's price experiences larger fluctuations and is considered to be riskier than FM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.