IEUR vs. EWJ
Compare and contrast key facts about iShares Core MSCI Europe ETF (IEUR) and iShares MSCI Japan ETF (EWJ).
IEUR and EWJ 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. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both IEUR and EWJ 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 EWJ.
Performance
IEUR vs. EWJ - Performance Comparison
Returns By Period
In the year-to-date period, IEUR achieves a 2.86% return, which is significantly lower than EWJ's 6.61% return. Over the past 10 years, IEUR has underperformed EWJ with an annualized return of 5.07%, while EWJ has yielded a comparatively higher 5.53% annualized return.
IEUR
2.86%
-6.84%
-5.92%
9.71%
6.04%
5.07%
EWJ
6.61%
-3.21%
-1.21%
11.21%
4.44%
5.53%
Key characteristics
| IEUR | EWJ | |
|---|---|---|
| Sharpe Ratio | 0.85 | 0.75 |
| Sortino Ratio | 1.24 | 1.10 |
| Omega Ratio | 1.15 | 1.14 |
| Calmar Ratio | 1.10 | 0.95 |
| Martin Ratio | 3.84 | 3.28 |
| Ulcer Index | 2.93% | 3.95% |
| Daily Std Dev | 13.14% | 17.21% |
| Max Drawdown | -36.96% | -58.89% |
| Current Drawdown | -9.84% | -7.00% |
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IEUR vs. EWJ - Expense Ratio Comparison
IEUR has a 0.09% expense ratio, which is lower than EWJ's 0.49% expense ratio.
Correlation
The correlation between IEUR and EWJ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IEUR vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) 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.
Dividends
IEUR vs. EWJ - Dividend Comparison
IEUR's dividend yield for the trailing twelve months is around 3.17%, more than EWJ's 2.04% 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% |
EWJ iShares MSCI Japan ETF | 2.04% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
Drawdowns
IEUR vs. EWJ - Drawdown Comparison
The maximum IEUR drawdown since its inception was -36.96%, smaller than the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for IEUR and EWJ. For additional features, visit the drawdowns tool.
Volatility
IEUR vs. EWJ - Volatility Comparison
iShares Core MSCI Europe ETF (IEUR) and iShares MSCI Japan ETF (EWJ) have volatilities of 4.39% and 4.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.