FET vs. EWP
FET (Forum Energy Technologies, Inc.) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, FET returned -16.83%/yr vs 10.99%/yr for EWP. At a 0.30 correlation, their price movements are largely independent.
Performance
FET vs. EWP - Performance Comparison
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Returns By Period
In the year-to-date period, FET achieves a 41.19% return, which is significantly higher than EWP's 5.49% return. Over the past 10 years, FET has underperformed EWP with an annualized return of -16.83%, while EWP has yielded a comparatively higher 10.99% annualized return.
FET
- 1D
- -1.04%
- 1M
- -12.36%
- YTD
- 41.19%
- 6M
- 52.95%
- 1Y
- 241.20%
- 3Y*
- 29.56%
- 5Y*
- 15.86%
- 10Y*
- -16.83%
EWP
- 1D
- -1.06%
- 1M
- 3.64%
- YTD
- 5.49%
- 6M
- 10.02%
- 1Y
- 34.73%
- 3Y*
- 30.89%
- 5Y*
- 17.03%
- 10Y*
- 10.99%
FET vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FET Forum Energy Technologies, Inc. | 41.19% | 138.54% | -30.13% | -24.85% | 83.80% | 34.87% | -64.58% | -59.32% | -73.44% | -29.32% |
EWP iShares MSCI Spain ETF | 5.49% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
Correlation
The correlation between FET and EWP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2012 | 0.30 |
The correlation between FET and EWP shifts across timeframes, from 0.19 (3 years) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FET vs. EWP — Risk / Return Rank
FET
EWP
FET vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forum Energy Technologies, Inc. (FET) and iShares MSCI Spain ETF (EWP). 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.
| FET | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.33 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 10.95 | 3.07 | +7.88 |
| Martin ratioReturn relative to average drawdown | 37.24 | 10.91 | +26.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FET | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.56 | 1.87 | +2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.85 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.50 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.31 | -0.50 |
Drawdowns
FET vs. EWP - Drawdown Comparison
The maximum FET drawdown since its inception was -99.56%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for FET and EWP.
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Drawdown Indicators
| FET | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -61.19% | -38.37% |
Max Drawdown (1Y)Largest decline over 1 year | -22.19% | -11.38% | -10.81% |
Max Drawdown (3Y)Largest decline over 3 years | -50.62% | -12.19% | -38.43% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -33.91% | -25.23% |
Max Drawdown (10Y)Largest decline over 10 years | -99.34% | -46.36% | -52.98% |
Current DrawdownCurrent decline from peak | -92.90% | -2.60% | -90.30% |
Average DrawdownAverage peak-to-trough decline | -68.79% | -21.43% | -47.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 3.19% | +3.32% |
Volatility
FET vs. EWP - Volatility Comparison
Forum Energy Technologies, Inc. (FET) has a higher volatility of 12.68% compared to iShares MSCI Spain ETF (EWP) at 6.12%. This indicates that FET's price experiences larger fluctuations and is considered to be riskier than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FET | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 6.12% | +6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 33.57% | 15.64% | +17.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.30% | 18.76% | +34.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.74% | 20.24% | +29.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.49% | 22.23% | +60.26% |
Dividends
FET vs. EWP - Dividend Comparison
FET has not paid dividends to shareholders, while EWP's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.15% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
FET Forum Energy Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FET and EWP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FET has higher volatility (12.68%) compared to EWP (6.12%). In terms of maximum drawdown, FET dropped -99.56% vs EWP's -61.19%.
FET currently has the higher Sharpe Ratio (4.56 vs 1.87), 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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