EWZ vs. SBLK
EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index, while SBLK (Star Bulk Carriers Corp.) is a stock. Over the past 10 years, EWZ returned 6.86%/yr vs 29.24%/yr for SBLK. At a 0.29 correlation, their price movements are largely independent.
Performance
EWZ vs. SBLK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EWZ achieves a 14.17% return, which is significantly lower than SBLK's 41.89% return. Over the past 10 years, EWZ has underperformed SBLK with an annualized return of 6.86%, while SBLK has yielded a comparatively higher 29.24% annualized return.
EWZ
- 1D
- 2.77%
- 1M
- 4.20%
- 6M
- 9.71%
- YTD
- 14.17%
- 1Y
- 36.37%
- 3Y*
- 10.52%
- 5Y*
- 6.56%
- 10Y*
- 6.86%
SBLK
- 1D
- 1.82%
- 1M
- -1.13%
- 6M
- 38.85%
- YTD
- 41.89%
- 1Y
- 48.44%
- 3Y*
- 23.17%
- 5Y*
- 17.99%
- 10Y*
- 29.24%
EWZ vs. SBLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 14.17% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
SBLK Star Bulk Carriers Corp. | 41.89% | 30.76% | -21.04% | 19.24% | 8.50% | 185.15% | -24.77% | 29.82% | -18.83% | 120.35% |
Correlation
The correlation between EWZ and SBLK is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2006 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EWZ vs. SBLK — Risk / Return Rank
EWZ
SBLK
EWZ vs. SBLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and Star Bulk Carriers Corp. (SBLK). 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.
| EWZ | SBLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.02 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.94 | 8.05 | -3.11 |
Loading charts...
Drawdowns
EWZ vs. SBLK - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, smaller than the maximum SBLK drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for EWZ and SBLK.
Loading charts...
Drawdown Indicators
| EWZ | SBLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -99.76% | +22.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -17.49% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -31.36% | -48.44% | +17.08% |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | -48.44% | +16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | -73.77% | +16.78% |
Current DrawdownCurrent decline from peak | -20.49% | -93.60% | +73.11% |
Average DrawdownAverage peak-to-trough decline | -35.90% | -82.73% | +46.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 6.55% | +0.65% |
Volatility
EWZ vs. SBLK - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 5.74%, while Star Bulk Carriers Corp. (SBLK) has a volatility of 10.44%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than SBLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EWZ | SBLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 10.44% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.70% | 23.70% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 30.33% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.60% | 42.70% | -15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.90% | 52.07% | -18.17% |
Dividends
EWZ vs. SBLK - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.07%, more than SBLK's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.07% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
SBLK Star Bulk Carriers Corp. | 3.91% | 1.56% | 16.72% | 7.38% | 33.80% | 9.93% | 0.57% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWZ and SBLK have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBLK has higher volatility (10.44%) compared to EWZ (5.74%). In terms of maximum drawdown, EWZ dropped -77.25% vs SBLK's -99.76%.
SBLK currently has the higher Sharpe Ratio (1.75 vs 1.43), 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.
Find the right allocation for EWZ and SBLK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer