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HIVE vs. EWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HIVE vs. EWZ

Last updated Jun 9, 2026

HIVE (HIVE Blockchain Technologies Ltd) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 5 years, HIVE returned -20.28%/yr vs 3.87%/yr for EWZ. At a 0.22 correlation, their price movements are largely independent.

Performance

HIVE vs. EWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HIVE Blockchain Technologies Ltd (HIVE) and iShares MSCI Brazil ETF (EWZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HIVE achieves a 53.49% return, which is significantly higher than EWZ's 6.04% return.

HIVE

1D
5.04%
1M
40.43%
YTD
53.49%
6M
27.74%
1Y
97.01%
3Y*
9.70%
5Y*
-20.28%
10Y*
—

EWZ

1D
-0.94%
1M
-13.88%
YTD
6.04%
6M
6.47%
1Y
28.14%
3Y*
7.95%
5Y*
3.87%
10Y*
7.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIVE vs. EWZ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HIVE
HIVE Blockchain Technologies Ltd		53.49%-9.47%-37.09%214.58%-89.09%39.68%2,600.00%-64.10%-92.50%
EWZ
iShares MSCI Brazil ETF		6.04%48.81%-30.41%32.62%12.09%-17.32%-20.35%27.67%-8.51%

Correlation

The correlation between HIVE and EWZ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.27

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

0.26

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2018

0.22

Compare stocks, funds, or ETFs

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

HIVE Blockchain Technologies Ltd

iShares MSCI Brazil ETF

Often compared with HIVE:
HIVE vs. IRENHIVE vs. BTC-USDHIVE vs. HUTHIVE vs. CIFRHIVE vs. BTBTHIVE vs. MARAHIVE vs. RIOT
Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT

Return for Risk

HIVE vs. EWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIVE
HIVE Risk / Return Rank: 7070
Overall Rank
HIVE Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
HIVE Sortino Ratio Rank: 7676
Sortino Ratio Rank
HIVE Omega Ratio Rank: 7272
Omega Ratio Rank
HIVE Calmar Ratio Rank: 6767
Calmar Ratio Rank
HIVE Martin Ratio Rank: 6262
Martin Ratio Rank
EWZ
EWZ Risk / Return Rank: 3434
Overall Rank
EWZ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 3333
Sortino Ratio Rank
EWZ Omega Ratio Rank: 3333
Omega Ratio Rank
EWZ Calmar Ratio Rank: 3333
Calmar Ratio Rank
EWZ Martin Ratio Rank: 3535
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.

HIVE vs. EWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) and iShares MSCI Brazil ETF (EWZ). 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.

HIVEEWZDifference
Sharpe ratioReturn per unit of total volatility
1.03
1.13

-0.10

Sortino ratioReturn per unit of downside risk
1.97
1.61

+0.36

Omega ratioGain probability vs. loss probability

1.23

1.20

+0.03

Calmar ratioReturn relative to maximum drawdown

1.30

1.47

-0.16

Martin ratioReturn relative to average drawdown

2.10

4.96

-2.86

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

HIVE vs. EWZ - Sharpe Ratio Comparison

The current HIVE Sharpe Ratio is 1.03, which is comparable to the EWZ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of HIVE and EWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HIVEEWZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.03

1.13

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.22

0.14

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.22

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.12

0.16

-0.29

Drawdowns

HIVE vs. EWZ - Drawdown Comparison

The maximum HIVE drawdown since its inception was -97.73%, which is greater than EWZ's maximum drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for HIVE and EWZ.

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Drawdown Indicators

HIVEEWZDifference

Max Drawdown

Largest peak-to-trough decline

-97.73%

-77.25%

-20.48%

Max Drawdown (1Y)

Largest decline over 1 year

-74.86%

-19.27%

-55.59%

Max Drawdown (3Y)

Largest decline over 3 years

-80.27%

-31.36%

-48.91%

Max Drawdown (5Y)

Largest decline over 5 years

-94.61%

-32.24%

-62.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.99%

—

Current Drawdown

Current decline from peak

-85.24%

-26.15%

-59.09%

Average Drawdown

Average peak-to-trough decline

-78.59%

-35.95%

-42.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

46.35%

5.68%

+40.67%

Volatility

HIVE vs. EWZ - Volatility Comparison

HIVE Blockchain Technologies Ltd (HIVE) has a higher volatility of 39.11% compared to iShares MSCI Brazil ETF (EWZ) at 7.32%. This indicates that HIVE's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HIVEEWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

39.11%

7.32%

+31.79%

Volatility (6M)

Calculated over the trailing 6-month period

66.45%

20.79%

+45.66%

Volatility (1Y)

Calculated over the trailing 1-year period

95.15%

25.12%

+70.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

93.06%

27.68%

+65.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

109.22%

34.07%

+75.15%

Dividends

HIVE vs. EWZ - Dividend Comparison

HIVE has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 4.89%.

PositionTTM20252024202320222021202020192018201720162015
EWZ
iShares MSCI Brazil ETF		4.89%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%
HIVE
HIVE Blockchain Technologies Ltd		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

HIVE and EWZ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HIVE has higher volatility (39.11%) compared to EWZ (7.32%). In terms of maximum drawdown, HIVE dropped -97.73% vs EWZ's -77.25%.

EWZ currently has the higher Sharpe Ratio (1.13 vs 1.03), 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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