EWY vs. VGK
Compare and contrast key facts about iShares MSCI South Korea ETF (EWY) and Vanguard FTSE Europe ETF (VGK).
EWY and VGK 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. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. Both EWY and VGK 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 VGK.
Key characteristics
| EWY | VGK | |
|---|---|---|
| YTD Return | -7.07% | 7.00% |
| 1Y Return | 4.73% | 19.33% |
| 3Y Return (Ann) | -6.71% | 2.16% |
| 5Y Return (Ann) | 1.83% | 6.93% |
| 10Y Return (Ann) | 2.48% | 5.64% |
| Sharpe Ratio | 0.33 | 1.56 |
| Sortino Ratio | 0.63 | 2.22 |
| Omega Ratio | 1.08 | 1.27 |
| Calmar Ratio | 0.21 | 1.74 |
| Martin Ratio | 1.26 | 8.64 |
| Ulcer Index | 6.06% | 2.35% |
| Daily Std Dev | 22.81% | 13.00% |
| Max Drawdown | -74.14% | -63.61% |
| Current Drawdown | -32.87% | -6.00% |
Correlation
The correlation between EWY and VGK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EWY vs. VGK - Performance Comparison
In the year-to-date period, EWY achieves a -7.07% return, which is significantly lower than VGK's 7.00% return. Over the past 10 years, EWY has underperformed VGK with an annualized return of 2.48%, while VGK has yielded a comparatively higher 5.64% 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. VGK - Expense Ratio Comparison
EWY has a 0.59% expense ratio, which is higher than VGK's 0.08% expense ratio.
Risk-Adjusted Performance
EWY vs. VGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and Vanguard FTSE Europe ETF (VGK). 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. VGK - Dividend Comparison
EWY's dividend yield for the trailing twelve months is around 2.71%, less than VGK's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 2.71% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% | 1.20% | 1.39% |
VGK Vanguard FTSE Europe ETF | 3.01% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
Drawdowns
EWY vs. VGK - Drawdown Comparison
The maximum EWY drawdown since its inception was -74.14%, which is greater than VGK's maximum drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for EWY and VGK. For additional features, visit the drawdowns tool.
Volatility
EWY vs. VGK - Volatility Comparison
iShares MSCI South Korea ETF (EWY) has a higher volatility of 4.34% compared to Vanguard FTSE Europe ETF (VGK) at 2.94%. This indicates that EWY's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.