IEUR vs. EWG
Compare and contrast key facts about iShares Core MSCI Europe ETF (IEUR) and iShares MSCI Germany ETF (EWG).
IEUR and EWG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEUR is a passively managed fund by iShares that tracks the performance of the MSCI Europe Investable Market Index. It was launched on Jun 10, 2014. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. Both IEUR and EWG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEUR or EWG.
Performance
IEUR vs. EWG - Performance Comparison
Returns By Period
In the year-to-date period, IEUR achieves a 2.86% return, which is significantly lower than EWG's 9.03% return. Over the past 10 years, IEUR has outperformed EWG with an annualized return of 5.07%, while EWG has yielded a comparatively lower 3.72% annualized return.
IEUR
2.86%
-6.84%
-5.92%
9.71%
6.04%
5.07%
EWG
9.03%
-5.28%
-0.02%
15.66%
4.52%
3.72%
Key characteristics
| IEUR | EWG | |
|---|---|---|
| Sharpe Ratio | 0.85 | 1.18 |
| Sortino Ratio | 1.24 | 1.67 |
| Omega Ratio | 1.15 | 1.20 |
| Calmar Ratio | 1.10 | 1.01 |
| Martin Ratio | 3.84 | 5.94 |
| Ulcer Index | 2.93% | 2.89% |
| Daily Std Dev | 13.14% | 14.56% |
| Max Drawdown | -36.96% | -67.58% |
| Current Drawdown | -9.84% | -6.87% |
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IEUR vs. EWG - Expense Ratio Comparison
IEUR has a 0.09% expense ratio, which is lower than EWG's 0.49% expense ratio.
Correlation
The correlation between IEUR and EWG is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IEUR vs. EWG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and iShares MSCI Germany ETF (EWG). 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.
Dividends
IEUR vs. EWG - Dividend Comparison
IEUR's dividend yield for the trailing twelve months is around 3.17%, more than EWG's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 3.17% | 3.17% | 3.05% | 2.87% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% | 0.64% | 0.00% |
EWG iShares MSCI Germany ETF | 2.41% | 2.56% | 3.24% | 2.70% | 2.10% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% | 2.30% | 1.37% |
Drawdowns
IEUR vs. EWG - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum EWG drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for IEUR and EWG. For additional features, visit the drawdowns tool.
Volatility
IEUR vs. EWG - Volatility Comparison
The current volatility for iShares Core MSCI Europe ETF (IEUR) is 4.39%, while iShares MSCI Germany ETF (EWG) has a volatility of 5.62%. This indicates that IEUR experiences smaller price fluctuations and is considered to be less risky than EWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.