EWZ vs. STNG
EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index, while STNG (Scorpio Tankers Inc.) is a stock. Over the past 10 years, EWZ returned 6.86%/yr vs 8.38%/yr for STNG. At a 0.27 correlation, their price movements are largely independent.
Performance
EWZ vs. STNG - Performance Comparison
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Returns By Period
In the year-to-date period, EWZ achieves a 14.17% return, which is significantly lower than STNG's 57.90% return. Over the past 10 years, EWZ has underperformed STNG with an annualized return of 6.86%, while STNG has yielded a comparatively higher 8.38% 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%
STNG
- 1D
- 4.03%
- 1M
- 4.14%
- 6M
- 46.43%
- YTD
- 57.90%
- 1Y
- 79.55%
- 3Y*
- 24.33%
- 5Y*
- 34.53%
- 10Y*
- 8.38%
EWZ vs. STNG - 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% |
STNG Scorpio Tankers Inc. | 57.90% | 6.03% | -16.29% | 15.40% | 325.48% | 17.40% | -70.74% | 127.09% | -41.26% | -31.93% |
Correlation
The correlation between EWZ and STNG is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010 | 0.27 |
The correlation between EWZ and STNG shifts across timeframes, from 0.12 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EWZ vs. STNG — Risk / Return Rank
EWZ
STNG
EWZ vs. STNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and Scorpio Tankers Inc. (STNG). 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 | STNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.49 | -1.65 |
| Martin ratioReturn relative to average drawdown | 4.94 | 8.91 | -3.97 |
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Drawdowns
EWZ vs. STNG - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, smaller than the maximum STNG drawdown of -91.13%. Use the drawdown chart below to compare losses from any high point for EWZ and STNG.
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Drawdown Indicators
| EWZ | STNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -91.13% | +13.88% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -22.74% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -31.36% | -60.97% | +29.61% |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | -60.97% | +28.73% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | -81.67% | +24.68% |
Current DrawdownCurrent decline from peak | -20.49% | -8.12% | -12.37% |
Average DrawdownAverage peak-to-trough decline | -35.90% | -49.15% | +13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 8.90% | -1.70% |
Volatility
EWZ vs. STNG - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 5.74%, while Scorpio Tankers Inc. (STNG) has a volatility of 12.53%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than STNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZ | STNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 12.53% | -6.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.70% | 28.31% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 38.59% | -13.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.60% | 45.01% | -17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.90% | 54.21% | -20.31% |
Dividends
EWZ vs. STNG - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.07%, more than STNG's 2.17% 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% |
STNG Scorpio Tankers Inc. | 2.17% | 3.19% | 3.22% | 1.73% | 0.74% | 3.12% | 3.57% | 1.02% | 2.27% | 1.31% | 11.04% | 6.17% |
Frequently Asked Questions
EWZ and STNG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STNG has higher volatility (12.53%) compared to EWZ (5.74%). In terms of maximum drawdown, EWZ dropped -77.25% vs STNG's -91.13%.
STNG currently has the higher Sharpe Ratio (2.12 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.
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