EWY vs. EWT
Compare and contrast key facts about iShares MSCI South Korea ETF (EWY) and iShares MSCI Taiwan ETF (EWT).
EWY and EWT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000. Both EWY and EWT 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: EWY or EWT.
Key characteristics
| EWY | EWT | |
|---|---|---|
| YTD Return | 0.24% | 5.50% |
| 1Y Return | 9.51% | 23.45% |
| 3Y Return (Ann) | -9.40% | 0.89% |
| 5Y Return (Ann) | 4.51% | 14.73% |
| 10Y Return (Ann) | 2.29% | 10.40% |
| Sharpe Ratio | 0.44 | 1.37 |
| Daily Std Dev | 21.32% | 16.89% |
| Max Drawdown | -74.14% | -64.26% |
| Current Drawdown | -27.59% | -4.90% |
Correlation
The correlation between EWY and EWT is 0.70, 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
EWY vs. EWT - Performance Comparison
In the year-to-date period, EWY achieves a 0.24% return, which is significantly lower than EWT's 5.50% return. Over the past 10 years, EWY has underperformed EWT with an annualized return of 2.29%, while EWT has yielded a comparatively higher 10.40% annualized return. 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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EWY vs. EWT - Expense Ratio Comparison
Both EWY and EWT have an expense ratio of 0.59%.
Risk-Adjusted Performance
EWY vs. EWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and iShares MSCI Taiwan ETF (EWT). 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
EWY vs. EWT - Dividend Comparison
EWY's dividend yield for the trailing twelve months is around 2.51%, less than EWT's 11.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 2.51% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% | 1.20% | 1.39% |
EWT iShares MSCI Taiwan ETF | 11.38% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
Drawdowns
EWY vs. EWT - Drawdown Comparison
The maximum EWY drawdown since its inception was -74.14%, which is greater than EWT's maximum drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for EWY and EWT. For additional features, visit the drawdowns tool.
Volatility
EWY vs. EWT - Volatility Comparison
iShares MSCI South Korea ETF (EWY) has a higher volatility of 7.71% compared to iShares MSCI Taiwan ETF (EWT) at 6.20%. This indicates that EWY's price experiences larger fluctuations and is considered to be riskier than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.