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EWY vs. NVDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWY vs. NVDA

Last updated Jun 13, 2026

EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, EWY returned 16.84%/yr vs 67.95%/yr for NVDA. At a 0.42 correlation, their price movements are largely independent.

Performance

EWY vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI South Korea ETF (EWY) and NVIDIA Corporation (NVDA). 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 NVDA's 10.16% return. Over the past 10 years, EWY has underperformed NVDA with an annualized return of 16.84%, while NVDA has yielded a comparatively higher 67.95% 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%

NVDA

1D
0.16%
1M
-9.03%
YTD
10.16%
6M
17.38%
1Y
41.70%
3Y*
71.13%
5Y*
63.13%
10Y*
67.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWY vs. NVDA - 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%
NVDA
NVIDIA Corporation		10.16%38.92%171.25%239.02%-50.26%125.48%122.30%76.94%-30.82%81.99%

Correlation

The correlation between EWY and NVDA is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.43

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

0.48

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

0.46

Correlation (All Time)
Calculated using the full available price history since May 12, 2000

0.42

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iShares MSCI South Korea ETF

NVIDIA Corporation

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Often compared with NVDA:
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Return for Risk

EWY vs. NVDA — 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
NVDA
NVDA Risk / Return Rank: 7575
Overall Rank
NVDA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
NVDA Sortino Ratio Rank: 7373
Sortino Ratio Rank
NVDA Omega Ratio Rank: 7171
Omega Ratio Rank
NVDA Calmar Ratio Rank: 7777
Calmar Ratio Rank
NVDA Martin Ratio Rank: 7777
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. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and NVIDIA Corporation (NVDA). 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.

EWYNVDADifference
Sharpe ratioReturn per unit of total volatility
4.29
1.20

+3.09

Sortino ratioReturn per unit of downside risk
4.08
1.75

+2.32

Omega ratioGain probability vs. loss probability

1.59

1.21

+0.38

Calmar ratioReturn relative to maximum drawdown

8.65

2.07

+6.57

Martin ratioReturn relative to average drawdown

30.24

4.94

+25.29

EWY vs. NVDA - Sharpe Ratio Comparison

The current EWY Sharpe Ratio is 4.29, which is higher than the NVDA Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of EWY and NVDA, 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. NVDA - Drawdown Comparison

The maximum EWY drawdown since its inception was -74.14%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for EWY and NVDA.

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Drawdown Indicators

EWYNVDADifference

Max Drawdown

Largest peak-to-trough decline

-74.14%

-89.72%

+15.58%

Max Drawdown (1Y)

Largest decline over 1 year

-23.08%

-20.21%

-2.87%

Max Drawdown (3Y)

Largest decline over 3 years

-27.36%

-36.88%

+9.52%

Max Drawdown (5Y)

Largest decline over 5 years

-48.55%

-66.34%

+17.79%

Max Drawdown (10Y)

Largest decline over 10 years

-49.73%

-66.34%

+16.61%

Current Drawdown

Current decline from peak

-8.88%

-12.86%

+3.98%

Average Drawdown

Average peak-to-trough decline

-20.11%

-36.18%

+16.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.59%

8.46%

-1.87%

Volatility

EWY vs. NVDA - Volatility Comparison

iShares MSCI South Korea ETF (EWY) has a higher volatility of 25.64% compared to NVIDIA Corporation (NVDA) at 13.26%. This indicates that EWY's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWYNVDADifference

Volatility (1M)

Calculated over the trailing 1-month period

25.64%

13.26%

+12.38%

Volatility (6M)

Calculated over the trailing 6-month period

42.65%

26.67%

+15.98%

Volatility (1Y)

Calculated over the trailing 1-year period

46.51%

35.00%

+11.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.15%

51.76%

-21.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.06%

49.84%

-21.78%

Dividends

EWY vs. NVDA - Dividend Comparison

EWY's dividend yield for the trailing twelve months is around 1.03%, more than NVDA's 0.14% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
NVDA
NVIDIA Corporation		0.14%0.02%0.03%0.03%0.11%0.05%0.12%0.27%0.46%0.29%0.45%1.20%

Frequently Asked Questions

EWY and NVDA have a correlation of 0.45, 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 NVDA (13.26%). In terms of maximum drawdown, EWY dropped -74.14% vs NVDA's -89.72%.

EWY currently has the higher Sharpe Ratio (4.29 vs 1.20), 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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