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EWY vs. DTH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWY vs. DTH

Last updated Jun 13, 2026

EWY (iShares MSCI South Korea ETF) and DTH (WisdomTree International High Dividend Fund) are both exchange-traded funds - EWY is a Asia Pacific Equities fund tracking the MSCI Korea Index, while DTH is a Foreign Large Cap Equities fund tracking the WisdomTree International High Dividend Index. Both are passively managed. Over the past 10 years, EWY returned 16.84%/yr vs 9.50%/yr for DTH. A 0.67 correlation means they provide meaningful diversification when combined. EWY charges 0.59%/yr vs 0.58%/yr for DTH.

Performance

EWY vs. DTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI South Korea ETF (EWY) and WisdomTree International High Dividend Fund (DTH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWY achieves a 103.10% return, which is significantly higher than DTH's 9.75% return. Over the past 10 years, EWY has outperformed DTH with an annualized return of 16.84%, while DTH has yielded a comparatively lower 9.50% annualized return.

EWY

1D
-0.75%
1M
3.64%
YTD
103.10%
6M
117.85%
1Y
203.95%
3Y*
46.46%
5Y*
18.80%
10Y*
16.84%

DTH

1D
0.23%
1M
-0.12%
YTD
9.75%
6M
12.10%
1Y
26.53%
3Y*
19.94%
5Y*
11.78%
10Y*
9.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWY vs. DTH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWY
iShares MSCI South Korea ETF		103.10%95.33%-20.48%19.05%-26.59%-7.58%39.43%7.97%-20.37%44.97%
DTH
WisdomTree International High Dividend Fund		9.75%42.37%2.31%15.03%-1.74%8.30%-7.05%18.43%-12.85%21.10%

Correlation

The correlation between EWY and DTH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.52

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

0.57

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

0.62

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2006

0.67

Over the past year, the correlation between EWY and DTH has dropped to 0.46 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

EWY vs. DTH - Sectors Allocation Comparison

Sectors
EWY
DTH

Technology

52.4%
1.3%

Industrials

20.4%
13.0%

Financial Services

9.6%
21.1%

Consumer Cyclical

5.7%
5.0%

Healthcare

3.5%
3.4%

Communication Services

2.9%
7.0%

Basic Materials

2.0%
7.9%

Consumer Defensive

1.7%
8.1%

Energy

1.4%
9.0%

Utilities

0.4%
10.7%

Real Estate

-

5.2%

Technology

EWY
52.4%
DTH
1.3%

Industrials

EWY
20.4%
DTH
13.0%

Financial Services

EWY
9.6%
DTH
21.1%

Consumer Cyclical

EWY
5.7%
DTH
5.0%

Healthcare

EWY
3.5%
DTH
3.4%

Communication Services

EWY
2.9%
DTH
7.0%

Basic Materials

EWY
2.0%
DTH
7.9%

Consumer Defensive

EWY
1.7%
DTH
8.1%

Energy

EWY
1.4%
DTH
9.0%

Utilities

EWY
0.4%
DTH
10.7%

Real Estate

EWY

-

DTH
5.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI South Korea ETF

WisdomTree International High Dividend Fund

Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. QQQEWY vs. EWTEWY vs. EWH
Often compared with DTH:
DTH vs. PIDDTH vs. LVHIDTH vs. VYMIDTH vs. IDVDTH vs. EPSDTH vs. DGRWDTH vs. VEU

Return for Risk

EWY vs. DTH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWY
EWY Risk / Return Rank: 9595
Overall Rank
EWY Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 9393
Sortino Ratio Rank
EWY Omega Ratio Rank: 9494
Omega Ratio Rank
EWY Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWY Martin Ratio Rank: 9696
Martin Ratio Rank
DTH
DTH Risk / Return Rank: 6666
Overall Rank
DTH Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
DTH Sortino Ratio Rank: 6868
Sortino Ratio Rank
DTH Omega Ratio Rank: 6767
Omega Ratio Rank
DTH Calmar Ratio Rank: 6464
Calmar Ratio Rank
DTH Martin Ratio Rank: 6363
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.

EWY vs. DTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and WisdomTree International High Dividend Fund (DTH). 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.

EWYDTHDifference
Sharpe ratioReturn per unit of total volatility
4.29
1.96

+2.33

Sortino ratioReturn per unit of downside risk
4.08
2.71

+1.36

Omega ratioGain probability vs. loss probability

1.59

1.35

+0.24

Calmar ratioReturn relative to maximum drawdown

8.65

2.79

+5.85

Martin ratioReturn relative to average drawdown

30.24

10.07

+20.17

EWY vs. DTH - Sharpe Ratio Comparison

The current EWY Sharpe Ratio is 4.29, which is higher than the DTH Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of EWY and DTH, 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

EWY vs. DTH - Drawdown Comparison

The maximum EWY drawdown since its inception was -74.14%, which is greater than DTH's maximum drawdown of -64.20%. Use the drawdown chart below to compare losses from any high point for EWY and DTH.

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Drawdown Indicators

EWYDTHDifference

Max Drawdown

Largest peak-to-trough decline

-74.14%

-64.20%

-9.94%

Max Drawdown (1Y)

Largest decline over 1 year

-23.08%

-9.14%

-13.94%

Max Drawdown (3Y)

Largest decline over 3 years

-27.36%

-12.23%

-15.13%

Max Drawdown (5Y)

Largest decline over 5 years

-48.55%

-23.40%

-25.15%

Max Drawdown (10Y)

Largest decline over 10 years

-49.73%

-40.75%

-8.98%

Current Drawdown

Current decline from peak

-8.88%

-1.64%

-7.24%

Average Drawdown

Average peak-to-trough decline

-20.11%

-15.14%

-4.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.59%

2.53%

+4.06%

Volatility

EWY vs. DTH - Volatility Comparison

iShares MSCI South Korea ETF (EWY) has a higher volatility of 25.64% compared to WisdomTree International High Dividend Fund (DTH) at 4.33%. This indicates that EWY's price experiences larger fluctuations and is considered to be riskier than DTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWYDTHDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.64%

4.33%

+21.31%

Volatility (6M)

Calculated over the trailing 6-month period

42.65%

10.81%

+31.84%

Volatility (1Y)

Calculated over the trailing 1-year period

46.51%

13.04%

+33.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.15%

15.22%

+14.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.06%

17.05%

+11.01%

EWY vs. DTH - Expense Ratio Comparison

EWY has a 0.59% expense ratio, which is higher than DTH's 0.58% expense ratio.

Dividends

EWY vs. DTH - Dividend Comparison

EWY's dividend yield for the trailing twelve months is around 1.03%, less than DTH's 3.39% yield.

PositionTTM20252024202320222021202020192018201720162015
DTH
WisdomTree International High Dividend Fund		3.39%3.80%5.41%5.63%5.70%4.72%3.75%4.27%4.62%3.72%4.14%4.38%
EWY
iShares MSCI South Korea ETF		1.03%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%

Frequently Asked Questions

EWY and DTH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWY has higher volatility (25.64%) compared to DTH (4.33%). In terms of maximum drawdown, EWY dropped -74.14% vs DTH's -64.20%.

On 10-year performance, EWY leads with 16.84% vs 9.50% for DTH. On fees, DTH is cheaper at 0.58% per year. On volatility, DTH has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWY has performed better with a 16.84% return vs 9.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DTH is cheaper with a 0.58% expense ratio, compared with 0.59% for EWY.

DTH has the higher dividend yield at 3.39%, compared with 1.03% for EWY.

EWY is categorized as Asia Pacific Equities, while DTH is Foreign Large Cap Equities. EWY tracks MSCI Korea Index, while DTH tracks WisdomTree International High Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.59% for EWY and 0.58% for DTH.

EWY currently has the higher Sharpe Ratio (4.29 vs 1.96), 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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