EZU vs. ERIC
EZU (iShares MSCI Eurozone ETF) is Europe Equities fund tracking the MSCI EMU, while ERIC (Telefonaktiebolaget LM Ericsson (publ)) is a stock. Over the past 10 years, EZU returned 10.85%/yr vs 8.16%/yr for ERIC. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
EZU vs. ERIC - Performance Comparison
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Returns By Period
In the year-to-date period, EZU achieves a 9.10% return, which is significantly lower than ERIC's 29.07% return. Over the past 10 years, EZU has outperformed ERIC with an annualized return of 10.85%, while ERIC has yielded a comparatively lower 8.16% annualized return.
EZU
- 1D
- 0.00%
- 1M
- 6.05%
- YTD
- 9.10%
- 6M
- 10.35%
- 1Y
- 22.18%
- 3Y*
- 18.40%
- 5Y*
- 9.24%
- 10Y*
- 10.85%
ERIC
- 1D
- 1.15%
- 1M
- -1.76%
- YTD
- 29.07%
- 6M
- 30.15%
- 1Y
- 51.44%
- 3Y*
- 37.54%
- 5Y*
- 2.33%
- 10Y*
- 8.16%
EZU vs. ERIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 9.10% | 40.00% | 2.23% | 23.44% | -17.25% | 13.92% | 7.62% | 23.27% | -16.76% | 27.89% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 29.07% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
Correlation
The correlation between EZU and ERIC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.59 |
The correlation between EZU and ERIC has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
EZU vs. ERIC — Risk / Return Rank
EZU
ERIC
EZU vs. ERIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). 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.
| EZU | ERIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.14 | -1.59 |
| Martin ratioReturn relative to average drawdown | 5.60 | 7.76 | -2.15 |
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Drawdowns
EZU vs. ERIC - Drawdown Comparison
The maximum EZU drawdown since its inception was -65.32%, smaller than the maximum ERIC drawdown of -98.59%. Use the drawdown chart below to compare losses from any high point for EZU and ERIC.
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Drawdown Indicators
| EZU | ERIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -98.59% | +33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -15.79% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -22.61% | +7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -63.96% | +27.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -66.59% | +25.22% |
Current DrawdownCurrent decline from peak | 0.00% | -82.52% | +82.52% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -67.77% | +48.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 6.38% | -2.77% |
Volatility
EZU vs. ERIC - Volatility Comparison
The current volatility for iShares MSCI Eurozone ETF (EZU) is 6.52%, while Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a volatility of 14.05%. This indicates that EZU experiences smaller price fluctuations and is considered to be less risky than ERIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZU | ERIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 14.05% | -7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 24.72% | -9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 36.24% | -18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 34.63% | -14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 35.26% | -14.76% |
Dividends
EZU vs. ERIC - Dividend Comparison
EZU's dividend yield for the trailing twelve months is around 2.61%, more than ERIC's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 2.55% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
EZU iShares MSCI Eurozone ETF | 2.61% | 2.85% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% |
Frequently Asked Questions
EZU and ERIC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (14.05%) compared to EZU (6.52%). In terms of maximum drawdown, EZU dropped -65.32% vs ERIC's -98.59%.
ERIC currently has the higher Sharpe Ratio (1.37 vs 1.15), 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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