ITRN vs. EWZ
ITRN (Ituran Location and Control 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 10 years, ITRN returned 13.25%/yr vs 6.86%/yr for EWZ. At a 0.23 correlation, their price movements are largely independent.
Performance
ITRN vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, ITRN achieves a 35.25% return, which is significantly higher than EWZ's 14.17% return. Over the past 10 years, ITRN has outperformed EWZ with an annualized return of 13.25%, while EWZ has yielded a comparatively lower 6.86% annualized return.
ITRN
- 1D
- -0.50%
- 1M
- -14.61%
- 6M
- 33.88%
- YTD
- 35.25%
- 1Y
- 51.72%
- 3Y*
- 41.37%
- 5Y*
- 21.07%
- 10Y*
- 13.25%
EWZ
- 1D
- 2.77%
- 1M
- 4.20%
- 6M
- 9.71%
- YTD
- 14.17%
- 1Y
- 36.37%
- 3Y*
- 10.52%
- 5Y*
- 6.56%
- 10Y*
- 6.86%
ITRN vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITRN Ituran Location and Control Ltd. | 35.25% | 45.63% | 21.02% | 32.47% | -18.79% | 45.32% | -22.93% | -18.98% | -3.46% | 33.71% |
EWZ iShares MSCI Brazil ETF | 14.17% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between ITRN and EWZ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2005 | 0.23 |
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Return for Risk
ITRN vs. EWZ — Risk / Return Rank
ITRN
EWZ
ITRN vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ituran Location and Control Ltd. (ITRN) 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.
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.
| ITRN | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.85 | +0.30 |
| Martin ratioReturn relative to average drawdown | 6.04 | 4.94 | +1.10 |
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Drawdowns
ITRN vs. EWZ - Drawdown Comparison
The maximum ITRN drawdown since its inception was -68.39%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for ITRN and EWZ.
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Drawdown Indicators
| ITRN | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.39% | -77.25% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -22.99% | -19.27% | -3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -26.82% | -31.36% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -32.24% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -68.39% | -56.99% | -11.40% |
Current DrawdownCurrent decline from peak | -14.96% | -20.49% | +5.53% |
Average DrawdownAverage peak-to-trough decline | -19.45% | -35.90% | +16.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.16% | 7.20% | +0.96% |
Volatility
ITRN vs. EWZ - Volatility Comparison
Ituran Location and Control Ltd. (ITRN) has a higher volatility of 11.17% compared to iShares MSCI Brazil ETF (EWZ) at 5.74%. This indicates that ITRN'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
| ITRN | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.17% | 5.74% | +5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 24.12% | 19.70% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.94% | 24.98% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.60% | 27.60% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.65% | 33.90% | -0.25% |
Dividends
ITRN vs. EWZ - Dividend Comparison
ITRN's dividend yield for the trailing twelve months is around 5.36%, more than EWZ's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.07% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
ITRN Ituran Location and Control Ltd. | 5.36% | 4.65% | 5.01% | 2.50% | 2.65% | 3.37% | 1.26% | 3.78% | 2.96% | 3.27% | 3.25% | 4.12% |
Frequently Asked Questions
ITRN and EWZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITRN has higher volatility (11.17%) compared to EWZ (5.74%). In terms of maximum drawdown, ITRN dropped -68.39% vs EWZ's -77.25%.
ITRN currently has the higher Sharpe Ratio (1.50 vs 1.43), 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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