FM vs. EWX
Compare and contrast key facts about iShares MSCI Frontier 100 ETF (FM) and SPDR S&P Emerging Markets Small Cap ETF (EWX).
FM and EWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012. EWX is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Under USD2 Billion Index. It was launched on May 12, 2008. Both FM and EWX 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: FM or EWX.
Key characteristics
| FM | EWX | |
|---|---|---|
| YTD Return | 5.02% | 1.35% |
| 1Y Return | 13.03% | 15.20% |
| 3Y Return (Ann) | -0.94% | 2.03% |
| 5Y Return (Ann) | 2.60% | 7.91% |
| 10Y Return (Ann) | 0.72% | 4.67% |
| Sharpe Ratio | 1.13 | 1.32 |
| Daily Std Dev | 12.27% | 12.03% |
| Max Drawdown | -41.63% | -63.90% |
| Current Drawdown | -18.80% | -0.49% |
Correlation
The correlation between FM and EWX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FM vs. EWX - Performance Comparison
In the year-to-date period, FM achieves a 5.02% return, which is significantly higher than EWX's 1.35% return. Over the past 10 years, FM has underperformed EWX with an annualized return of 0.72%, while EWX has yielded a comparatively higher 4.67% 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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FM vs. EWX - Expense Ratio Comparison
FM has a 0.79% expense ratio, which is higher than EWX's 0.65% expense ratio.
Risk-Adjusted Performance
FM vs. EWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Frontier 100 ETF (FM) and SPDR S&P Emerging Markets Small Cap ETF (EWX). 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
FM vs. EWX - Dividend Comparison
FM's dividend yield for the trailing twelve months is around 3.45%, more than EWX's 2.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FM iShares MSCI Frontier 100 ETF | 3.45% | 3.62% | 2.70% | 2.04% | 2.91% | 3.12% | 4.29% | 2.04% | 2.15% | 2.76% | 12.35% | 1.11% |
EWX SPDR S&P Emerging Markets Small Cap ETF | 2.29% | 2.32% | 3.00% | 2.77% | 2.24% | 2.73% | 3.26% | 2.30% | 2.46% | 3.04% | 2.74% | 2.33% |
Drawdowns
FM vs. EWX - Drawdown Comparison
The maximum FM drawdown since its inception was -41.63%, smaller than the maximum EWX drawdown of -63.90%. Use the drawdown chart below to compare losses from any high point for FM and EWX. For additional features, visit the drawdowns tool.
Volatility
FM vs. EWX - Volatility Comparison
The current volatility for iShares MSCI Frontier 100 ETF (FM) is 3.37%, while SPDR S&P Emerging Markets Small Cap ETF (EWX) has a volatility of 3.85%. This indicates that FM experiences smaller price fluctuations and is considered to be less risky than EWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.