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EWX vs. FNDE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

EWX vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Small Cap ETF (EWX) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.14%
2.29%
EWX
FNDE

Returns By Period

In the year-to-date period, EWX achieves a 7.16% return, which is significantly lower than FNDE's 13.63% return. Both investments have delivered pretty close results over the past 10 years, with EWX having a 5.33% annualized return and FNDE not far behind at 5.09%.


EWX

YTD

7.16%

1M

-1.36%

6M

4.13%

1Y

11.16%

5Y (annualized)

9.11%

10Y (annualized)

5.33%

FNDE

YTD

13.63%

1M

-3.77%

6M

2.29%

1Y

18.92%

5Y (annualized)

5.38%

10Y (annualized)

5.09%

Key characteristics


EWXFNDE
Sharpe Ratio0.761.13
Sortino Ratio1.091.66
Omega Ratio1.151.21
Calmar Ratio1.211.30
Martin Ratio3.495.13
Ulcer Index3.19%3.69%
Daily Std Dev14.71%16.80%
Max Drawdown-63.90%-43.55%
Current Drawdown-7.33%-9.87%

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EWX vs. FNDE - Expense Ratio Comparison

EWX has a 0.65% expense ratio, which is higher than FNDE's 0.39% expense ratio.


EWX
SPDR S&P Emerging Markets Small Cap ETF
Expense ratio chart for EWX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for FNDE: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Correlation

-0.50.00.51.00.9

The correlation between EWX and FNDE is 0.86, 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.

Risk-Adjusted Performance

EWX vs. FNDE - 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 Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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.


Sharpe ratio
The chart of Sharpe ratio for EWX, currently valued at 0.76, compared to the broader market0.002.004.000.761.13
The chart of Sortino ratio for EWX, currently valued at 1.08, compared to the broader market-2.000.002.004.006.008.0010.0012.001.091.66
The chart of Omega ratio for EWX, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.001.151.21
The chart of Calmar ratio for EWX, currently valued at 1.21, compared to the broader market0.005.0010.0015.001.211.30
The chart of Martin ratio for EWX, currently valued at 3.49, compared to the broader market0.0020.0040.0060.0080.00100.003.495.13
EWX
FNDE

The current EWX Sharpe Ratio is 0.76, which is lower than the FNDE Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of EWX and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
0.76
1.13
EWX
FNDE

Dividends

EWX vs. FNDE - Dividend Comparison

EWX's dividend yield for the trailing twelve months is around 2.12%, less than FNDE's 4.08% yield.


TTM20232022202120202019201820172016201520142013
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%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF
4.08%4.74%5.59%4.31%2.49%3.47%3.05%2.05%1.65%2.02%1.36%0.51%

Drawdowns

EWX vs. FNDE - Drawdown Comparison

The maximum EWX drawdown since its inception was -63.90%, which is greater than FNDE's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for EWX and FNDE. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.33%
-9.87%
EWX
FNDE

Volatility

EWX vs. FNDE - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Small Cap ETF (EWX) is 4.69%, while Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a volatility of 5.54%. This indicates that EWX experiences smaller price fluctuations and is considered to be less risky than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.69%
5.54%
EWX
FNDE