PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GNW vs. FEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GNW vs. FEZ

Last updated Jun 24, 2026

GNW (Genworth Financial, Inc.) is a stock, while FEZ (State Street SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, GNW returned 11.64%/yr vs 11.53%/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 State Street SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GNW achieves a 1.55% return, which is significantly lower than FEZ's 6.43% return. Both investments have delivered pretty close results over the past 10 years, with GNW having a 11.64% annualized return and FEZ not far behind at 11.53%.

GNW

1D
2.57%
1M
1.10%
YTD
1.55%
6M
0.44%
1Y
16.22%
3Y*
22.73%
5Y*
17.70%
10Y*
11.64%

FEZ

1D
-1.75%
1M
1.84%
YTD
6.43%
6M
6.45%
1Y
19.20%
3Y*
18.06%
5Y*
10.43%
10Y*
11.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GNW vs. FEZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GNW
Genworth Financial, Inc.		1.55%29.18%4.64%26.28%30.62%7.14%-14.09%-5.58%49.84%-18.37%
FEZ
State Street SPDR EURO STOXX 50 ETF		6.43%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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since May 25, 2004

0.46

Over the past year, the correlation between GNW and FEZ has dropped to 0.21 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Genworth Financial, Inc.

State Street SPDR EURO STOXX 50 ETF

Often compared with GNW:
GNW vs. FNGSGNW vs. GEGNW vs. COSTGNW vs. VOOGNW vs. SCHDGNW vs. MHOGNW vs. ON
Often compared with FEZ:
FEZ vs. VGKFEZ vs. IEURFEZ vs. EZUFEZ vs. IEVFEZ vs. VOOFEZ vs. EWQFEZ vs. EWN

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: 6262
Overall Rank
GNW Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
GNW Sortino Ratio Rank: 5959
Sortino Ratio Rank
GNW Omega Ratio Rank: 5656
Omega Ratio Rank
GNW Calmar Ratio Rank: 6666
Calmar Ratio Rank
GNW Martin Ratio Rank: 6666
Martin Ratio Rank
FEZ
FEZ Risk / Return Rank: 3030
Overall Rank
FEZ Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FEZ Sortino Ratio Rank: 3030
Sortino Ratio Rank
FEZ Omega Ratio Rank: 2828
Omega Ratio Rank
FEZ Calmar Ratio Rank: 2929
Calmar Ratio Rank
FEZ Martin Ratio Rank: 3434
Martin Ratio Rank
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 State Street 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

GNWFEZDifference
Sharpe ratioReturn per unit of total volatility
0.68
1.05

-0.37

Sortino ratioReturn per unit of downside risk
1.15
1.58

-0.43

Omega ratioGain probability vs. loss probability

1.14

1.19

-0.05

Calmar ratioReturn relative to maximum drawdown

1.16

1.42

-0.26

Martin ratioReturn relative to average drawdown

2.71

4.82

-2.11

GNW vs. FEZ - Sharpe Ratio Comparison

The current GNW Sharpe Ratio is 0.68, which is lower than the FEZ Sharpe Ratio of 1.05. 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.

Loading charts...

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.

Loading charts...

Drawdown Indicators

GNWFEZDifference

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

-74.14%

-2.33%

-71.81%

Average Drawdown

Average peak-to-trough decline

-67.38%

-17.04%

-50.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.01%

3.99%

+2.02%

Volatility

GNW vs. FEZ - Volatility Comparison

Genworth Financial, Inc. (GNW) has a higher volatility of 6.94% compared to State Street SPDR EURO STOXX 50 ETF (FEZ) at 5.85%. This indicates that GNW's price experiences larger fluctuations and is considered to be riskier than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GNWFEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.94%

5.85%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

16.85%

15.57%

+1.28%

Volatility (1Y)

Calculated over the trailing 1-year period

24.07%

18.40%

+5.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.24%

20.70%

+12.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.95%

20.75%

+27.20%

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 2.64%.

PositionTTM20252024202320222021202020192018201720162015
FEZ
State Street SPDR EURO STOXX 50 ETF		2.64%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

GNW and FEZ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GNW has higher volatility (6.94%) compared to FEZ (5.85%). In terms of maximum drawdown, GNW dropped -97.63% vs FEZ's -64.21%.

FEZ currently has the higher Sharpe Ratio (1.05 vs 0.68), 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.

Portfolio Optimizer

Find the right allocation for GNW and FEZ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer