FEZ vs. EWI
Compare and contrast key facts about SPDR EURO STOXX 50 ETF (FEZ) and iShares MSCI Italy ETF (EWI).
FEZ and EWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002. EWI is a passively managed fund by iShares that tracks the performance of the MSCI Italy Index. It was launched on Mar 12, 1996. Both FEZ and EWI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEZ or EWI.
Key characteristics
| FEZ | EWI | |
|---|---|---|
| YTD Return | 7.13% | 9.17% |
| 1Y Return | 14.49% | 22.70% |
| 3Y Return (Ann) | 5.88% | 8.46% |
| 5Y Return (Ann) | 9.17% | 9.42% |
| 10Y Return (Ann) | 4.74% | 3.59% |
| Sharpe Ratio | 0.98 | 1.47 |
| Daily Std Dev | 15.14% | 15.63% |
| Max Drawdown | -64.21% | -70.38% |
| Current Drawdown | -3.16% | -10.88% |
Correlation
The correlation between FEZ and EWI is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FEZ vs. EWI - Performance Comparison
In the year-to-date period, FEZ achieves a 7.13% return, which is significantly lower than EWI's 9.17% return. Over the past 10 years, FEZ has outperformed EWI with an annualized return of 4.74%, while EWI has yielded a comparatively lower 3.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEZ vs. EWI - Expense Ratio Comparison
FEZ has a 0.29% expense ratio, which is lower than EWI's 0.49% expense ratio.
Risk-Adjusted Performance
FEZ vs. EWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) and iShares MSCI Italy ETF (EWI). 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.
Dividends
FEZ vs. EWI - Dividend Comparison
FEZ's dividend yield for the trailing twelve months is around 2.51%, less than EWI's 3.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEZ SPDR EURO STOXX 50 ETF | 2.51% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% | 3.78% | 2.72% |
EWI iShares MSCI Italy ETF | 3.11% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% | 2.51% | 2.19% |
Drawdowns
FEZ vs. EWI - Drawdown Comparison
The maximum FEZ drawdown since its inception was -64.21%, smaller than the maximum EWI drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for FEZ and EWI. For additional features, visit the drawdowns tool.
Volatility
FEZ vs. EWI - Volatility Comparison
The current volatility for SPDR EURO STOXX 50 ETF (FEZ) is 4.09%, while iShares MSCI Italy ETF (EWI) has a volatility of 4.40%. This indicates that FEZ experiences smaller price fluctuations and is considered to be less risky than EWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.