IBDRY vs. EWP
IBDRY (Iberdrola SA) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain 25/50 Index (Net). Over the past 10 years, IBDRY returned 18.98%/yr vs 12.76%/yr for EWP. Their 0.72 correlation means they have sometimes moved together and sometimes differently.
Performance
IBDRY vs. EWP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBDRY achieves a 15.88% return, which is significantly lower than EWP's 16.77% return. Over the past 10 years, IBDRY has outperformed EWP with an annualized return of 18.98%, while EWP has yielded a comparatively lower 12.76% annualized return.
IBDRY
- 1D
- -0.70%
- 1M
- 0.44%
- 6M
- 10.01%
- YTD
- 15.88%
- 1Y
- 41.81%
- 3Y*
- 32.91%
- 5Y*
- 20.07%
- 10Y*
- 18.98%
- ALL TIME*
- 8.23%
EWP
- 1D
- 0.78%
- 1M
- 3.86%
- 6M
- 10.71%
- YTD
- 16.77%
- 1Y
- 43.37%
- 3Y*
- 34.09%
- 5Y*
- 20.96%
- 10Y*
- 12.76%
- ALL TIME*
- 8.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.96M | $19.84M | $20.30M | |
IBDRY Iberdrola SA | $5.95M | $6.32M | $8.51M |
IBDRY vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDRY Iberdrola SA | 15.88% | 65.75% | 10.02% | 17.36% | 3.59% | -15.13% | 44.34% | 33.28% | 7.72% | 27.83% |
EWP iShares MSCI Spain ETF | 16.77% | 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 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.72 |
Over the past year, the correlation between IBDRY and EWP has dropped to 0.51 - well below their long-term average of 0.72, 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.
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.
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.
| IBDRY | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 3.83 | +0.75 |
| Martin ratioReturn relative to average drawdown | 12.88 | 13.64 | -0.76 |
Loading charts...
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.
Loading charts...
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 | -14.65% | -12.19% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -30.26% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -46.36% | +8.93% |
Current DrawdownCurrent decline from peak | -2.76% | 0.00% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -29.25% | -21.32% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.19% | +0.07% |
Volatility
IBDRY vs. EWP - Volatility Comparison
The current volatility for Iberdrola SA (IBDRY) is 4.44%, while iShares MSCI Spain ETF (EWP) has a volatility of 5.87%. 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.
Loading charts...
Volatility by Period
| IBDRY | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 5.87% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 16.55% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 19.15% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 20.28% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 21.50% | +1.37% |
Dividends
IBDRY vs. EWP - Dividend Comparison
IBDRY's dividend yield for the trailing twelve months is around 3.31%, more than EWP's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.69% | 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 | 3.31% | 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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWP has higher volatility (5.87%) compared to IBDRY (4.44%). In terms of maximum drawdown, IBDRY dropped -77.08% vs EWP's -61.19%.
IBDRY currently has the higher Sharpe Ratio (2.44 vs 2.28), 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.
Find the right allocation for IBDRY and EWP
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