PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EZA vs. WT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZA vs. WT

Last updated Jun 13, 2026

EZA (iShares MSCI South Africa ETF) is Emerging Markets Equities fund tracking the MSCI South Africa Index, while WT (WisdomTree Inc.) is a stock. Over the past 10 years, EZA returned 8.12%/yr vs 8.07%/yr for WT. At a 0.24 correlation, their price movements are largely independent.

Performance

EZA vs. WT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI South Africa ETF (EZA) and WisdomTree Inc. (WT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EZA achieves a -2.81% return, which is significantly lower than WT's 47.93% return. Both investments have delivered pretty close results over the past 10 years, with EZA having a 8.12% annualized return and WT not far behind at 8.07%.

EZA

1D
0.89%
1M
-5.12%
YTD
-2.81%
6M
2.77%
1Y
33.90%
3Y*
23.45%
5Y*
9.50%
10Y*
8.12%

WT

1D
3.99%
1M
-9.29%
YTD
47.93%
6M
52.43%
1Y
80.10%
3Y*
36.20%
5Y*
22.72%
10Y*
8.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZA vs. WT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZA
iShares MSCI South Africa ETF		-2.81%75.20%7.16%1.51%-5.18%7.91%-5.19%9.83%-25.24%36.03%
WT
WisdomTree Inc.		47.93%17.38%53.55%29.56%-8.94%16.57%14.13%-25.75%-46.31%16.47%

Correlation

The correlation between EZA and WT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.38

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

0.25

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

0.30

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

0.30

Correlation (All Time)
Calculated using the full available price history since Feb 7, 2003

0.24

The correlation between EZA and WT shifts across timeframes, from 0.24 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI South Africa ETF

WisdomTree Inc.

Often compared with EZA:
EZA vs. AFKEZA vs. KSAEZA vs. SPYEZA vs. PAF.LEZA vs. VTIEZA vs. SCHDEZA vs. INDA
Often compared with WT:
WT vs. SPYWT vs. VOOWT vs. AAPLWT vs. SCHDWT vs. BOTZWT vs. IVZWT vs. SCHG

Return for Risk

EZA vs. WT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZA
EZA Risk / Return Rank: 2929
Overall Rank
EZA Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
EZA Sortino Ratio Rank: 2828
Sortino Ratio Rank
EZA Omega Ratio Rank: 3030
Omega Ratio Rank
EZA Calmar Ratio Rank: 3131
Calmar Ratio Rank
EZA Martin Ratio Rank: 2828
Martin Ratio Rank
WT
WT Risk / Return Rank: 8585
Overall Rank
WT Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
WT Sortino Ratio Rank: 8787
Sortino Ratio Rank
WT Omega Ratio Rank: 8383
Omega Ratio Rank
WT Calmar Ratio Rank: 8383
Calmar Ratio Rank
WT Martin Ratio Rank: 8282
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.

EZA vs. WT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa ETF (EZA) and WisdomTree Inc. (WT). 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.

EZAWTDifference
Sharpe ratioReturn per unit of total volatility
0.95
2.07

-1.11

Sortino ratioReturn per unit of downside risk
1.41
2.74

-1.33

Omega ratioGain probability vs. loss probability

1.18

1.31

-0.13

Calmar ratioReturn relative to maximum drawdown

1.31

2.90

-1.59

Martin ratioReturn relative to average drawdown

3.41

6.89

-3.48

EZA vs. WT - Sharpe Ratio Comparison

The current EZA Sharpe Ratio is 0.95, which is lower than the WT Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of EZA and WT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EZA vs. WT - Drawdown Comparison

The maximum EZA drawdown since its inception was -64.64%, smaller than the maximum WT drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for EZA and WT.

Loading charts...

Drawdown Indicators

EZAWTDifference

Max Drawdown

Largest peak-to-trough decline

-64.64%

-99.92%

+35.28%

Max Drawdown (1Y)

Largest decline over 1 year

-23.31%

-26.67%

+3.36%

Max Drawdown (3Y)

Largest decline over 3 years

-23.31%

-36.94%

+13.63%

Max Drawdown (5Y)

Largest decline over 5 years

-34.94%

-36.94%

+2.00%

Max Drawdown (10Y)

Largest decline over 10 years

-62.25%

-83.95%

+21.70%

Current Drawdown

Current decline from peak

-18.05%

-12.50%

-5.55%

Average Drawdown

Average peak-to-trough decline

-16.92%

-60.16%

+43.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.93%

11.20%

-2.27%

Volatility

EZA vs. WT - Volatility Comparison

iShares MSCI South Africa ETF (EZA) and WisdomTree Inc. (WT) have volatilities of 11.34% and 11.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EZAWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.34%

11.00%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

27.03%

31.11%

-4.08%

Volatility (1Y)

Calculated over the trailing 1-year period

31.92%

37.43%

-5.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.86%

32.39%

-3.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.43%

42.93%

-11.50%

Dividends

EZA vs. WT - Dividend Comparison

EZA's dividend yield for the trailing twelve months is around 6.34%, more than WT's 0.67% yield.

PositionTTM20252024202320222021202020192018201720162015
EZA
iShares MSCI South Africa ETF		6.34%6.16%7.26%2.84%3.90%2.05%5.51%12.27%3.81%1.55%4.10%3.03%
WT
WisdomTree Inc.		0.67%0.98%1.14%1.73%2.20%1.96%2.24%2.48%1.80%2.55%2.87%3.64%

Frequently Asked Questions

EZA and WT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EZA has higher volatility (11.34%) compared to WT (11.00%). In terms of maximum drawdown, EZA dropped -64.64% vs WT's -99.92%.

WT currently has the higher Sharpe Ratio (2.07 vs 0.95), 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.

Portfolio Optimizer

Find the right allocation for EZA and WT

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