FEZ vs. EWU
Compare and contrast key facts about SPDR EURO STOXX 50 ETF (FEZ) and iShares MSCI United Kingdom ETF (EWU).
FEZ and EWU 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. EWU is a passively managed fund by iShares that tracks the performance of the MSCI United Kingdom Index. It was launched on Mar 12, 1996. Both FEZ and EWU 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 EWU.
Key characteristics
| FEZ | EWU | |
|---|---|---|
| YTD Return | 7.13% | 4.57% |
| 1Y Return | 14.49% | 7.76% |
| 3Y Return (Ann) | 5.88% | 6.03% |
| 5Y Return (Ann) | 9.17% | 4.47% |
| 10Y Return (Ann) | 4.74% | 2.20% |
| Sharpe Ratio | 0.98 | 0.62 |
| Daily Std Dev | 15.14% | 12.65% |
| Max Drawdown | -64.21% | -63.99% |
| Current Drawdown | -3.16% | 0.00% |
Correlation
The correlation between FEZ and EWU is 0.82, 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. EWU - Performance Comparison
In the year-to-date period, FEZ achieves a 7.13% return, which is significantly higher than EWU's 4.57% return. Over the past 10 years, FEZ has outperformed EWU with an annualized return of 4.74%, while EWU has yielded a comparatively lower 2.20% 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. EWU - Expense Ratio Comparison
FEZ has a 0.29% expense ratio, which is lower than EWU's 0.50% expense ratio.
Risk-Adjusted Performance
FEZ vs. EWU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) and iShares MSCI United Kingdom ETF (EWU). 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. EWU - Dividend Comparison
FEZ's dividend yield for the trailing twelve months is around 2.51%, less than EWU's 3.96% 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% |
EWU iShares MSCI United Kingdom ETF | 3.96% | 4.14% | 3.43% | 4.35% | 2.48% | 4.13% | 4.99% | 3.91% | 3.97% | 4.11% | 7.59% | 2.39% |
Drawdowns
FEZ vs. EWU - Drawdown Comparison
The maximum FEZ drawdown since its inception was -64.21%, roughly equal to the maximum EWU drawdown of -63.99%. Use the drawdown chart below to compare losses from any high point for FEZ and EWU. For additional features, visit the drawdowns tool.
Volatility
FEZ vs. EWU - Volatility Comparison
SPDR EURO STOXX 50 ETF (FEZ) has a higher volatility of 4.09% compared to iShares MSCI United Kingdom ETF (EWU) at 3.02%. This indicates that FEZ's price experiences larger fluctuations and is considered to be riskier than EWU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.