EWY vs. GOOG
EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index, while GOOG (Alphabet Inc) is a stock. Over the past 10 years, EWY returned 16.84%/yr vs 25.97%/yr for GOOG. At a 0.45 correlation, their price movements are largely independent.
Performance
EWY vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, EWY achieves a 103.10% return, which is significantly higher than GOOG's 14.29% return. Over the past 10 years, EWY has underperformed GOOG with an annualized return of 16.84%, while GOOG has yielded a comparatively higher 25.97% annualized return.
EWY
- 1D
- -0.75%
- 1M
- 4.68%
- YTD
- 103.10%
- 6M
- 117.85%
- 1Y
- 198.25%
- 3Y*
- 46.46%
- 5Y*
- 18.80%
- 10Y*
- 16.84%
GOOG
- 1D
- 0.45%
- 1M
- -10.19%
- YTD
- 14.29%
- 6M
- 15.49%
- 1Y
- 102.96%
- 3Y*
- 42.67%
- 5Y*
- 23.51%
- 10Y*
- 25.97%
EWY vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GOOG Alphabet Inc | 14.29% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between EWY and GOOG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.45 |
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Return for Risk
EWY vs. GOOG — Risk / Return Rank
EWY
GOOG
EWY vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and Alphabet Inc (GOOG). 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.
| EWY | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.59 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 8.65 | 4.99 | +3.66 |
| Martin ratioReturn relative to average drawdown | 30.24 | 17.56 | +12.68 |
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Drawdowns
EWY vs. GOOG - Drawdown Comparison
The maximum EWY drawdown since its inception was -74.14%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for EWY and GOOG.
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Drawdown Indicators
| EWY | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.14% | -44.60% | -29.54% |
Max Drawdown (1Y)Largest decline over 1 year | -23.08% | -20.75% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -27.36% | -29.35% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -48.55% | -44.60% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | -44.60% | -5.13% |
Current DrawdownCurrent decline from peak | -8.88% | -10.19% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -20.11% | -8.89% | -11.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 5.88% | +0.71% |
Volatility
EWY vs. GOOG - Volatility Comparison
iShares MSCI South Korea ETF (EWY) has a higher volatility of 25.64% compared to Alphabet Inc (GOOG) at 7.29%. This indicates that EWY's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWY | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.64% | 7.29% | +18.35% |
Volatility (6M)Calculated over the trailing 6-month period | 42.65% | 20.47% | +22.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.51% | 28.75% | +17.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 31.15% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.06% | 29.02% | -0.96% |
Dividends
EWY vs. GOOG - Dividend Comparison
EWY's dividend yield for the trailing twelve months is around 1.03%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWY and GOOG have a correlation of 0.40, 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 GOOG (7.29%). In terms of maximum drawdown, EWY dropped -74.14% vs GOOG's -44.60%.
EWY currently has the higher Sharpe Ratio (4.29 vs 3.60), 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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