EZU vs. TIMB
EZU (iShares MSCI Eurozone ETF) is Europe Equities fund tracking the MSCI EMU, while TIMB (TIM S.A.) is a stock. Over the past 5 years, EZU returned 9.24%/yr vs 19.21%/yr for TIMB. At a 0.34 correlation, their price movements are largely independent.
Performance
EZU vs. TIMB - 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 TIMB's 15.30% 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%
TIMB
- 1D
- 0.54%
- 1M
- 1.69%
- YTD
- 15.30%
- 6M
- 11.44%
- 1Y
- 31.26%
- 3Y*
- 22.01%
- 5Y*
- 19.21%
- 10Y*
- —
EZU vs. TIMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 9.10% | 40.00% | 2.23% | 23.44% | -17.25% | 13.92% | 15.31% |
TIMB TIM S.A. | 15.30% | 86.96% | -33.24% | 68.57% | 4.05% | -13.46% | 23.03% |
Correlation
The correlation between EZU and TIMB 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 | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.34 |
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Return for Risk
EZU vs. TIMB — Risk / Return Rank
EZU
TIMB
EZU vs. TIMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and TIM S.A. (TIMB). 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 | TIMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.22 | +0.32 |
| Martin ratioReturn relative to average drawdown | 5.60 | 3.35 | +2.25 |
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Drawdowns
EZU vs. TIMB - Drawdown Comparison
The maximum EZU drawdown since its inception was -65.32%, which is greater than TIMB's maximum drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for EZU and TIMB.
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Drawdown Indicators
| EZU | TIMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -37.08% | -28.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -23.82% | +10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -37.08% | +22.06% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -37.08% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -20.28% | +20.28% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -12.14% | -7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 8.68% | -5.07% |
Volatility
EZU vs. TIMB - Volatility Comparison
iShares MSCI Eurozone ETF (EZU) and TIM S.A. (TIMB) have volatilities of 6.52% and 6.33%, 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.
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Volatility by Period
| EZU | TIMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.33% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 25.37% | -10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 31.42% | -13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 31.55% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 32.10% | -11.60% |
Dividends
EZU vs. TIMB - Dividend Comparison
EZU's dividend yield for the trailing twelve months is around 2.61%, less than TIMB's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIMB TIM S.A. | 8.17% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EZU and TIMB 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.
EZU has higher volatility (6.52%) compared to TIMB (6.33%). In terms of maximum drawdown, EZU dropped -65.32% vs TIMB's -37.08%.
EZU currently has the higher Sharpe Ratio (1.15 vs 0.93), 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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