NWPX vs. EWT
NWPX (Northwest Pipe Company) is a stock, while EWT (iShares MSCI Taiwan ETF) is Taiwan Equities fund tracking the MSCI Taiwan 25/50 Index. Over the past 10 years, NWPX returned 28.42%/yr vs 18.53%/yr for EWT. At a 0.27 correlation, their price movements are largely independent.
Performance
NWPX vs. EWT - Performance Comparison
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Returns By Period
In the year-to-date period, NWPX achieves a 122.63% return, which is significantly higher than EWT's 57.66% return. Over the past 10 years, NWPX has outperformed EWT with an annualized return of 28.42%, while EWT has yielded a comparatively lower 18.53% annualized return.
NWPX
- 1D
- 2.97%
- 1M
- 5.19%
- 6M
- 100.84%
- YTD
- 122.63%
- 1Y
- 238.66%
- 3Y*
- 65.75%
- 5Y*
- 37.53%
- 10Y*
- 28.42%
EWT
- 1D
- -2.27%
- 1M
- -3.50%
- 6M
- 48.85%
- YTD
- 57.66%
- 1Y
- 77.62%
- 3Y*
- 35.47%
- 5Y*
- 17.51%
- 10Y*
- 18.53%
NWPX vs. EWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 122.63% | 29.49% | 59.48% | -10.21% | 5.97% | 12.37% | -15.04% | 43.02% | 21.68% | 11.15% |
EWT iShares MSCI Taiwan ETF | 57.66% | 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.
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Return for Risk
NWPX vs. EWT — Risk / Return Rank
NWPX
EWT
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.
| NWPX | EWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.45 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 15.30 | 7.42 | +7.88 |
| Martin ratioReturn relative to average drawdown | 47.71 | 19.75 | +27.96 |
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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
| NWPX | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -7.22% | -10.19% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -43.24% | -19.10% | -24.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 3.94% | +1.09% |
Volatility
NWPX vs. EWT - Volatility Comparison
Northwest Pipe Company (NWPX) has a higher volatility of 13.50% compared to iShares MSCI Taiwan ETF (EWT) at 12.57%. This indicates that NWPX's price experiences larger fluctuations and is considered to be riskier 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
| NWPX | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.50% | 12.57% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 33.16% | 25.66% | +7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.99% | 28.98% | +13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.62% | 23.51% | +13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.13% | 21.95% | +19.18% |
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 2.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 2.81% | 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.
NWPX has higher volatility (13.50%) compared to EWT (12.57%). In terms of maximum drawdown, NWPX dropped -87.71% vs EWT's -64.37%.
NWPX currently has the higher Sharpe Ratio (5.73 vs 2.69), 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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