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NWPX vs. EWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NWPX vs. EWT

Last updated Jun 25, 2026

NWPX (Northwest Pipe Company) is a stock, while EWT (iShares MSCI Taiwan ETF) is Asia Pacific Equities fund tracking the MSCI Taiwan 25/50 Index. Over the past 10 years, NWPX returned 29.87%/yr vs 20.37%/yr for EWT. At a 0.27 correlation, their price movements are largely independent.

Performance

NWPX vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northwest Pipe Company (NWPX) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NWPX achieves a 129.68% return, which is significantly higher than EWT's 64.84% return. Over the past 10 years, NWPX has outperformed EWT with an annualized return of 29.87%, while EWT has yielded a comparatively lower 20.37% annualized return.

NWPX

1D
3.54%
1M
27.85%
YTD
129.68%
6M
121.84%
1Y
257.93%
3Y*
70.75%
5Y*
38.15%
10Y*
29.87%

EWT

1D
-0.49%
1M
8.14%
YTD
64.84%
6M
67.47%
1Y
92.77%
3Y*
39.25%
5Y*
18.90%
10Y*
20.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NWPX vs. EWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NWPX
Northwest Pipe Company		129.68%29.49%59.48%-10.21%5.97%12.37%-15.04%43.02%21.68%11.15%
EWT
iShares MSCI Taiwan ETF		64.84%28.38%16.11%29.00%-28.90%26.18%31.50%33.36%-9.90%26.81%

Correlation

The correlation between NWPX and EWT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2000

0.27

The correlation between NWPX and EWT shifts across timeframes, from 0.27 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Northwest Pipe Company

iShares MSCI Taiwan ETF

Often compared with NWPX:
NWPX vs. FLRNWPX vs. BBCPNWPX vs. CRHNWPX vs. RNWPX vs. ENLTNWPX vs. HSBCNWPX vs. ASML
Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWHEWT vs. EWSEWT vs. EWX

Return for Risk

NWPX vs. EWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NWPX
NWPX Risk / Return Rank: 9999
Overall Rank
NWPX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
NWPX Sortino Ratio Rank: 9999
Sortino Ratio Rank
NWPX Omega Ratio Rank: 9999
Omega Ratio Rank
NWPX Calmar Ratio Rank: 9999
Calmar Ratio Rank
NWPX Martin Ratio Rank: 9999
Martin Ratio Rank
EWT
EWT Risk / Return Rank: 9494
Overall Rank
EWT Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 9191
Sortino Ratio Rank
EWT Omega Ratio Rank: 9292
Omega Ratio Rank
EWT Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWT Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NWPX vs. EWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) and iShares MSCI Taiwan ETF (EWT). 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.

NWPXEWTDifference
Sharpe ratioReturn per unit of total volatility
6.39
3.36

+3.03

Sortino ratioReturn per unit of downside risk
6.89
3.83

+3.06

Omega ratioGain probability vs. loss probability

1.85

1.55

+0.30

Calmar ratioReturn relative to maximum drawdown

16.54

8.87

+7.67

Martin ratioReturn relative to average drawdown

55.18

25.89

+29.29

NWPX vs. EWT - Sharpe Ratio Comparison

The current NWPX Sharpe Ratio is 6.39, which is higher than the EWT Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of NWPX and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NWPX vs. EWT - Drawdown Comparison

The maximum NWPX drawdown since its inception was -87.71%, which is greater than EWT's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for NWPX and EWT.

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Drawdown Indicators

NWPXEWTDifference

Max Drawdown

Largest peak-to-trough decline

-87.71%

-64.37%

-23.34%

Max Drawdown (1Y)

Largest decline over 1 year

-15.70%

-10.51%

-5.19%

Max Drawdown (3Y)

Largest decline over 3 years

-35.36%

-25.66%

-9.70%

Max Drawdown (5Y)

Largest decline over 5 years

-35.71%

-38.88%

+3.17%

Max Drawdown (10Y)

Largest decline over 10 years

-46.50%

-38.88%

-7.62%

Current Drawdown

Current decline from peak

0.00%

-6.11%

+6.11%

Average Drawdown

Average peak-to-trough decline

-43.31%

-19.13%

-24.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.70%

3.60%

+1.10%

Volatility

NWPX vs. EWT - Volatility Comparison

The current volatility for Northwest Pipe Company (NWPX) is 11.22%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 14.76%. This indicates that NWPX experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NWPXEWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.22%

14.76%

-3.54%

Volatility (6M)

Calculated over the trailing 6-month period

31.38%

23.90%

+7.48%

Volatility (1Y)

Calculated over the trailing 1-year period

40.65%

27.86%

+12.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.56%

23.16%

+13.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.02%

21.80%

+19.22%

Dividends

NWPX vs. EWT - Dividend Comparison

NWPX has not paid dividends to shareholders, while EWT's dividend yield for the trailing twelve months is around 2.69%.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.69%4.43%3.32%12.01%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
NWPX
Northwest Pipe Company		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NWPX and EWT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWT has higher volatility (14.76%) compared to NWPX (11.22%). In terms of maximum drawdown, NWPX dropped -87.71% vs EWT's -64.37%.

NWPX currently has the higher Sharpe Ratio (6.39 vs 3.36), 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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