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EWZ vs. ACHR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWZ vs. ACHR

Last updated Jun 9, 2026

EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index, while ACHR (Archer Aviation Inc.) is a stock. Over the past 5 years, EWZ returned 3.87%/yr vs -10.82%/yr for ACHR. At a 0.25 correlation, their price movements are largely independent.

Performance

EWZ vs. ACHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Brazil ETF (EWZ) and Archer Aviation Inc. (ACHR). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EWZ achieves a 6.04% return, which is significantly higher than ACHR's -23.80% return.

EWZ

1D
-0.94%
1M
-13.88%
YTD
6.04%
6M
6.47%
1Y
28.14%
3Y*
7.95%
5Y*
3.87%
10Y*
7.53%

ACHR

1D
3.43%
1M
-11.57%
YTD
-23.80%
6M
-33.45%
1Y
-43.77%
3Y*
20.81%
5Y*
-10.82%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWZ vs. ACHR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EWZ
iShares MSCI Brazil ETF		6.04%48.81%-30.41%32.62%12.09%-17.32%-2.16%
ACHR
Archer Aviation Inc.		-23.80%-22.87%58.79%228.34%-69.04%-39.96%-0.89%

Correlation

The correlation between EWZ and ACHR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.32

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

0.26

Correlation (All Time)
Calculated using the full available price history since Dec 18, 2020

0.25

The correlation between EWZ and ACHR shifts across timeframes, from 0.25 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares MSCI Brazil ETF

Archer Aviation Inc.

Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT
Often compared with ACHR:
ACHR vs. JOBYACHR vs. EHACHR vs. HOVRACHR vs. LHXACHR vs. ARKXACHR vs. ONDSACHR vs. ARDX

Return for Risk

EWZ vs. ACHR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWZ
EWZ Risk / Return Rank: 3434
Overall Rank
EWZ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 3333
Sortino Ratio Rank
EWZ Omega Ratio Rank: 3333
Omega Ratio Rank
EWZ Calmar Ratio Rank: 3333
Calmar Ratio Rank
EWZ Martin Ratio Rank: 3535
Martin Ratio Rank
ACHR
ACHR Risk / Return Rank: 1818
Overall Rank
ACHR Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
ACHR Sortino Ratio Rank: 1818
Sortino Ratio Rank
ACHR Omega Ratio Rank: 1919
Omega Ratio Rank
ACHR Calmar Ratio Rank: 1717
Calmar Ratio Rank
ACHR Martin Ratio Rank: 1919
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.

EWZ vs. ACHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and Archer Aviation Inc. (ACHR). 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.

EWZACHRDifference
Sharpe ratioReturn per unit of total volatility
1.13
-0.62

+1.74

Sortino ratioReturn per unit of downside risk
1.61
-0.65

+2.26

Omega ratioGain probability vs. loss probability

1.20

0.93

+0.28

Calmar ratioReturn relative to maximum drawdown

1.47

-0.69

+2.16

Martin ratioReturn relative to average drawdown

4.96

-1.08

+6.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWZ vs. ACHR - Sharpe Ratio Comparison

The current EWZ Sharpe Ratio is 1.13, which is higher than the ACHR Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of EWZ and ACHR, 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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Sharpe Ratios by Period

EWZACHRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.13

-0.62

+1.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.14

-0.13

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

-0.12

+0.28

Drawdowns

EWZ vs. ACHR - Drawdown Comparison

The maximum EWZ drawdown since its inception was -77.25%, smaller than the maximum ACHR drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for EWZ and ACHR.

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Drawdown Indicators

EWZACHRDifference

Max Drawdown

Largest peak-to-trough decline

-77.25%

-90.49%

+13.24%

Max Drawdown (1Y)

Largest decline over 1 year

-19.27%

-63.78%

+44.51%

Max Drawdown (3Y)

Largest decline over 3 years

-31.36%

-63.78%

+32.42%

Max Drawdown (5Y)

Largest decline over 5 years

-32.24%

-84.00%

+51.76%

Max Drawdown (10Y)

Largest decline over 10 years

-56.99%

—

—

Current Drawdown

Current decline from peak

-26.15%

-66.57%

+40.42%

Average Drawdown

Average peak-to-trough decline

-35.95%

-62.50%

+26.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.68%

40.38%

-34.70%

Volatility

EWZ vs. ACHR - Volatility Comparison

The current volatility for iShares MSCI Brazil ETF (EWZ) is 7.32%, while Archer Aviation Inc. (ACHR) has a volatility of 19.42%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than ACHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWZACHRDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.32%

19.42%

-12.10%

Volatility (6M)

Calculated over the trailing 6-month period

20.79%

43.60%

-22.81%

Volatility (1Y)

Calculated over the trailing 1-year period

25.12%

71.28%

-46.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.68%

84.22%

-56.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.07%

82.17%

-48.10%

Dividends

EWZ vs. ACHR - Dividend Comparison

EWZ's dividend yield for the trailing twelve months is around 4.89%, while ACHR has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ACHR
Archer Aviation Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EWZ
iShares MSCI Brazil ETF		4.89%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%

Frequently Asked Questions

EWZ and ACHR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACHR has higher volatility (19.42%) compared to EWZ (7.32%). In terms of maximum drawdown, EWZ dropped -77.25% vs ACHR's -90.49%.

EWZ currently has the higher Sharpe Ratio (1.13 vs -0.62), 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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