IBDRY vs. EWP
IBDRY (Iberdrola SA) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, IBDRY returned 18.51%/yr vs 10.99%/yr for EWP. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
IBDRY vs. EWP - Performance Comparison
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Returns By Period
In the year-to-date period, IBDRY achieves a 6.44% return, which is significantly higher than EWP's 5.49% return. Over the past 10 years, IBDRY has outperformed EWP with an annualized return of 18.51%, while EWP has yielded a comparatively lower 10.99% annualized return.
IBDRY
- 1D
- -0.20%
- 1M
- -1.17%
- YTD
- 6.44%
- 6M
- 9.44%
- 1Y
- 29.97%
- 3Y*
- 28.29%
- 5Y*
- 17.04%
- 10Y*
- 18.51%
EWP
- 1D
- -1.06%
- 1M
- 3.64%
- YTD
- 5.49%
- 6M
- 10.02%
- 1Y
- 34.73%
- 3Y*
- 30.89%
- 5Y*
- 17.03%
- 10Y*
- 10.99%
IBDRY vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDRY Iberdrola SA | 6.44% | 65.75% | 10.02% | 17.36% | 3.59% | -15.13% | 44.34% | 33.28% | 7.72% | 27.83% |
EWP iShares MSCI Spain ETF | 5.49% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
Correlation
The correlation between IBDRY and EWP is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.72 |
The correlation between IBDRY and EWP shifts across timeframes, from 0.53 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBDRY vs. EWP — Risk / Return Rank
IBDRY
EWP
IBDRY vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Iberdrola SA (IBDRY) and iShares MSCI Spain ETF (EWP). 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.
| IBDRY | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.07 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.57 | 10.91 | -2.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBDRY | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.87 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.85 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.50 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.31 | -0.06 |
Drawdowns
IBDRY vs. EWP - Drawdown Comparison
The maximum IBDRY drawdown since its inception was -77.08%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for IBDRY and EWP.
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Drawdown Indicators
| IBDRY | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.08% | -61.19% | -15.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -11.38% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.11% | -12.19% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -28.11% | -33.91% | +5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -46.36% | +8.93% |
Current DrawdownCurrent decline from peak | -5.91% | -2.60% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -29.49% | -21.43% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.19% | +0.32% |
Volatility
IBDRY vs. EWP - Volatility Comparison
The current volatility for Iberdrola SA (IBDRY) is 5.14%, while iShares MSCI Spain ETF (EWP) has a volatility of 6.12%. This indicates that IBDRY experiences smaller price fluctuations and is considered to be less risky than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDRY | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 6.12% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 15.64% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 18.76% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 20.24% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 22.23% | +1.20% |
Dividends
IBDRY vs. EWP - Dividend Comparison
IBDRY's dividend yield for the trailing twelve months is around 3.46%, more than EWP's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.15% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
IBDRY Iberdrola SA | 3.46% | 4.18% | 4.38% | 4.11% | 4.14% | 3.77% | 2.83% | 3.01% | 3.76% | 7.28% | 10.00% | 1.71% |
Frequently Asked Questions
IBDRY and EWP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWP has higher volatility (6.12%) compared to IBDRY (5.14%). In terms of maximum drawdown, IBDRY dropped -77.08% vs EWP's -61.19%.
EWP currently has the higher Sharpe Ratio (1.87 vs 1.71), 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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