HESAY vs. EWJ
HESAY (Hermes International SA) is a stock, while EWJ (iShares MSCI Japan ETF) is Japan Equities fund tracking the MSCI Japan Index. Over the past 10 years, HESAY returned 19.56%/yr vs 9.55%/yr for EWJ. At a 0.35 correlation, their price movements are largely independent.
Performance
HESAY vs. EWJ - Performance Comparison
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Returns By Period
In the year-to-date period, HESAY achieves a -20.12% return, which is significantly lower than EWJ's 14.83% return. Over the past 10 years, HESAY has outperformed EWJ with an annualized return of 19.56%, while EWJ has yielded a comparatively lower 9.55% annualized return.
HESAY
- 1D
- 1.27%
- 1M
- 7.58%
- YTD
- -20.12%
- 6M
- -20.92%
- 1Y
- -24.62%
- 3Y*
- -1.83%
- 5Y*
- 7.14%
- 10Y*
- 19.56%
EWJ
- 1D
- 0.57%
- 1M
- 0.71%
- YTD
- 14.83%
- 6M
- 14.50%
- 1Y
- 31.74%
- 3Y*
- 16.57%
- 5Y*
- 8.56%
- 10Y*
- 9.55%
HESAY vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HESAY Hermes International SA | -20.12% | 4.83% | 13.70% | 38.27% | -11.23% | 63.06% | 44.39% | 37.55% | 4.07% | 32.55% |
EWJ iShares MSCI Japan ETF | 14.83% | 25.84% | 7.03% | 20.29% | -17.72% | 1.16% | 15.40% | 19.34% | -14.10% | 24.27% |
Correlation
The correlation between HESAY and EWJ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2009 | 0.35 |
The correlation between HESAY and EWJ shifts across timeframes, from 0.35 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HESAY vs. EWJ — Risk / Return Rank
HESAY
EWJ
HESAY vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hermes International SA (HESAY) and iShares MSCI Japan ETF (EWJ). 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.
| HESAY | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.28 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.27 | -3.00 |
| Martin ratioReturn relative to average drawdown | -1.32 | 7.62 | -8.94 |
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Drawdowns
HESAY vs. EWJ - Drawdown Comparison
The maximum HESAY drawdown since its inception was -45.60%, smaller than the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for HESAY and EWJ.
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Drawdown Indicators
| HESAY | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.60% | -60.93% | +15.33% |
Max Drawdown (1Y)Largest decline over 1 year | -36.48% | -13.59% | -22.89% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -14.68% | -23.55% |
Max Drawdown (5Y)Largest decline over 5 years | -45.60% | -33.14% | -12.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.60% | -33.14% | -12.46% |
Current DrawdownCurrent decline from peak | -33.22% | -1.51% | -31.71% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -21.72% | +10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.32% | 4.04% | +16.28% |
Volatility
HESAY vs. EWJ - Volatility Comparison
Hermes International SA (HESAY) has a higher volatility of 7.31% compared to iShares MSCI Japan ETF (EWJ) at 6.31%. This indicates that HESAY's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HESAY | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 6.31% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 23.41% | 15.96% | +7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.47% | 20.23% | +10.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 18.38% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 17.33% | +10.65% |
Dividends
HESAY vs. EWJ - Dividend Comparison
HESAY's dividend yield for the trailing twelve months is around 1.07%, less than EWJ's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 3.94% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
HESAY Hermes International SA | 1.07% | 1.18% | 1.13% | 0.67% | 0.57% | 0.31% | 0.46% | 0.68% | 0.91% | 1.55% | 1.81% | 2.54% |
Frequently Asked Questions
HESAY and EWJ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HESAY has higher volatility (7.31%) compared to EWJ (6.31%). In terms of maximum drawdown, HESAY dropped -45.60% vs EWJ's -60.93%.
EWJ currently has the higher Sharpe Ratio (1.52 vs -0.88), 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.
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