GNW vs. FEZ

Last updated Jun 4, 2026

GNW (Genworth Financial, Inc.) is a stock, while FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, GNW returned 9.05%/yr vs 10.28%/yr for FEZ. At a 0.46 correlation, their price movements are largely independent.

Performance

GNW vs. FEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genworth Financial, Inc. (GNW) and SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNW achieves a -7.53% return, which is significantly lower than FEZ's 5.18% return. Over the past 10 years, GNW has underperformed FEZ with an annualized return of 9.05%, while FEZ has yielded a comparatively higher 10.28% annualized return.

GNW

• 1D: -2.00%
• 1M: -5.86%
• YTD: -7.53%
• 6M: -3.80%
• 1Y: 18.10%
• 3Y*: 13.91%
• 5Y*: 15.17%
• 10Y*: 9.05%

FEZ

• 1D: -1.26%
• 1M: 5.21%
• YTD: 5.18%
• 6M: 6.87%
• 1Y: 16.91%
• 3Y*: 17.72%
• 5Y*: 9.90%
• 10Y*: 10.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GNW vs. FEZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNW Genworth Financial, Inc.	-7.53%	29.18%	4.64%	26.28%	30.62%	7.14%	-14.09%	-5.58%	49.84%	-18.37%
FEZ SPDR EURO STOXX 50 ETF	5.18%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%

Correlation

The correlation between GNW and FEZ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 26, 2004	0.46

The correlation between GNW and FEZ shifts across timeframes, from 0.27 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GNW vs. FEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GNW

GNW Risk / Return Rank: 62
GNW Sharpe Ratio Rank: 62
GNW Sortino Ratio Rank: 59
GNW Omega Ratio Rank: 56
GNW Calmar Ratio Rank: 66
GNW Martin Ratio Rank: 66

FEZ

FEZ Risk / Return Rank: 26
FEZ Sharpe Ratio Rank: 26
FEZ Sortino Ratio Rank: 26
FEZ Omega Ratio Rank: 25
FEZ Calmar Ratio Rank: 26
FEZ Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GNW vs. FEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genworth Financial, Inc. (GNW) and SPDR EURO STOXX 50 ETF (FEZ). 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.

	GNW	FEZ	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.95	-0.31
Sortino ratio Return per unit of downside risk	1.24	1.43	-0.19
Omega ratio Gain probability vs. loss probability	1.15	1.17	-0.03
Calmar ratio Return relative to maximum drawdown	1.29	1.25	+0.05
Martin ratio Return relative to average drawdown	3.08	4.25	-1.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GNW vs. FEZ - Sharpe Ratio Comparison

The current GNW Sharpe Ratio is 0.64, which is lower than the FEZ Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of GNW and FEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GNW	FEZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.95	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.48	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.49	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.30	-0.35

Drawdowns

GNW vs. FEZ - Drawdown Comparison

The maximum GNW drawdown since its inception was -97.63%, which is greater than FEZ's maximum drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for GNW and FEZ.

Drawdown Indicators

	GNW	FEZ	Difference
Max Drawdown Largest peak-to-trough decline	-97.63%	-64.21%	-33.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.07%	-13.63%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.74%	-15.85%	-5.89%
Max Drawdown (5Y) Largest decline over 5 years	-26.09%	-35.05%	+8.96%
Max Drawdown (10Y) Largest decline over 10 years	-61.49%	-39.69%	-21.80%
Current Drawdown Current decline from peak	-76.45%	-2.33%	-74.12%
Average Drawdown Average peak-to-trough decline	-67.37%	-17.07%	-50.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	3.99%	+1.91%

Volatility

GNW vs. FEZ - Volatility Comparison

Genworth Financial, Inc. (GNW) and SPDR EURO STOXX 50 ETF (FEZ) have volatilities of 6.65% and 6.72%, 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.

Volatility by Period

	GNW	FEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	6.72%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	14.85%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	28.28%	17.91%	+10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.33%	20.61%	+12.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.18%	21.11%	+27.07%

Dividends

GNW vs. FEZ - Dividend Comparison

GNW has not paid dividends to shareholders, while FEZ's dividend yield for the trailing twelve months is around 2.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEZ SPDR EURO STOXX 50 ETF	2.57%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
GNW Genworth Financial, 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

Can I hold both GNW and FEZ in my portfolio?

GNW and FEZ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNW or FEZ?

FEZ has higher volatility (6.72%) compared to GNW (6.65%). In terms of maximum drawdown, GNW dropped -97.63% vs FEZ's -64.21%.

Which has better risk-adjusted returns?

FEZ currently has the higher Sharpe Ratio (0.95 vs 0.64), 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.