PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GRAB vs. EWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRAB vs. EWY

Last updated Jun 5, 2026

GRAB (Grab Holdings Limited) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 5 years, GRAB returned -21.19%/yr vs 19.28%/yr for EWY. At a 0.29 correlation, their price movements are largely independent.

Performance

GRAB vs. EWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grab Holdings Limited (GRAB) and iShares MSCI South Korea ETF (EWY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GRAB achieves a -30.66% return, which is significantly lower than EWY's 109.80% return.

GRAB

1D
1.47%
1M
-5.98%
YTD
-30.66%
6M
-34.72%
1Y
-31.08%
3Y*
3.62%
5Y*
-21.19%
10Y*
—

EWY

1D
-4.22%
1M
17.58%
YTD
109.80%
6M
127.01%
1Y
225.96%
3Y*
49.84%
5Y*
19.28%
10Y*
16.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GRAB vs. EWY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
GRAB
Grab Holdings Limited		-30.66%5.72%40.06%4.66%-54.84%-44.56%8.16%
EWY
iShares MSCI South Korea ETF		109.80%95.33%-20.48%19.05%-26.59%-7.58%11.30%

Correlation

The correlation between GRAB and EWY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.30

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

0.30

Correlation (All Time)
Calculated using the full available price history since Dec 2, 2020

0.29

Compare stocks, funds, or ETFs

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

Grab Holdings Limited

iShares MSCI South Korea ETF

Often compared with GRAB:
GRAB vs. UBERGRAB vs. LYFTGRAB vs. LUNRGRAB vs. VOOGRAB vs. GRRRGRAB vs. AMZNGRAB vs. MVST
Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. QQQEWY vs. EWTEWY vs. EWH

Return for Risk

GRAB vs. EWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRAB
GRAB Risk / Return Rank: 1313
Overall Rank
GRAB Sharpe Ratio Rank: 99
Sharpe Ratio Rank
GRAB Sortino Ratio Rank: 1010
Sortino Ratio Rank
GRAB Omega Ratio Rank: 1313
Omega Ratio Rank
GRAB Calmar Ratio Rank: 1818
Calmar Ratio Rank
GRAB Martin Ratio Rank: 1616
Martin Ratio Rank
EWY
EWY Risk / Return Rank: 9696
Overall Rank
EWY Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 9494
Sortino Ratio Rank
EWY Omega Ratio Rank: 9494
Omega Ratio Rank
EWY Calmar Ratio Rank: 9696
Calmar Ratio Rank
EWY Martin Ratio Rank: 9696
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.

GRAB vs. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grab Holdings Limited (GRAB) and iShares MSCI South Korea ETF (EWY). 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.

GRABEWYDifference
Sharpe ratioReturn per unit of total volatility
-0.82
5.38

-6.20

Sortino ratioReturn per unit of downside risk
-1.09
4.95

-6.04

Omega ratioGain probability vs. loss probability

0.88

1.69

-0.80

Calmar ratioReturn relative to maximum drawdown

-0.66

9.86

-10.52

Martin ratioReturn relative to average drawdown

-1.18

36.63

-37.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRAB vs. EWY - Sharpe Ratio Comparison

The current GRAB Sharpe Ratio is -0.82, which is lower than the EWY Sharpe Ratio of 5.38. The chart below compares the historical Sharpe Ratios of GRAB and EWY, 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...

Sharpe Ratios by Period

GRABEWYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.82

5.38

-6.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.36

0.67

-1.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.62

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.33

0.33

-0.66

Drawdowns

GRAB vs. EWY - Drawdown Comparison

The maximum GRAB drawdown since its inception was -86.46%, which is greater than EWY's maximum drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for GRAB and EWY.

Loading charts...

Drawdown Indicators

GRABEWYDifference

Max Drawdown

Largest peak-to-trough decline

-86.46%

-74.14%

-12.32%

Max Drawdown (1Y)

Largest decline over 1 year

-47.13%

-23.08%

-24.05%

Max Drawdown (3Y)

Largest decline over 3 years

-47.13%

-27.36%

-19.77%

Max Drawdown (5Y)

Largest decline over 5 years

-86.46%

-48.55%

-37.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.73%

—

Current Drawdown

Current decline from peak

-79.72%

-5.87%

-73.85%

Average Drawdown

Average peak-to-trough decline

-67.33%

-20.12%

-47.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.37%

6.20%

+20.17%

Volatility

GRAB vs. EWY - Volatility Comparison

The current volatility for Grab Holdings Limited (GRAB) is 8.59%, while iShares MSCI South Korea ETF (EWY) has a volatility of 20.44%. This indicates that GRAB experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GRABEWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.59%

20.44%

-11.85%

Volatility (6M)

Calculated over the trailing 6-month period

24.21%

37.73%

-13.52%

Volatility (1Y)

Calculated over the trailing 1-year period

38.25%

42.37%

-4.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.87%

28.89%

+30.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.56%

27.40%

+33.16%

Dividends

GRAB vs. EWY - Dividend Comparison

GRAB has not paid dividends to shareholders, while EWY's dividend yield for the trailing twelve months is around 1.00%.

PositionTTM20252024202320222021202020192018201720162015
EWY
iShares MSCI South Korea ETF		1.00%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%
GRAB
Grab Holdings Limited		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

GRAB and EWY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWY has higher volatility (20.44%) compared to GRAB (8.59%). In terms of maximum drawdown, GRAB dropped -86.46% vs EWY's -74.14%.

EWY currently has the higher Sharpe Ratio (5.38 vs -0.82), 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 GRAB and EWY

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