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PGAL vs. EWP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PGAL and EWP is 0.68, 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.


-0.50.00.51.00.7

Performance

PGAL vs. EWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Portugal ETF (PGAL) and iShares MSCI Spain ETF (EWP). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember0
-0.83%
PGAL
EWP

Key characteristics

Returns By Period


PGAL

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

EWP

YTD

4.58%

1M

-4.73%

6M

-0.46%

1Y

5.18%

5Y*

4.55%

10Y*

1.91%

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PGAL vs. EWP - Expense Ratio Comparison

PGAL has a 0.58% expense ratio, which is higher than EWP's 0.50% expense ratio.


PGAL
Global X MSCI Portugal ETF
Expense ratio chart for PGAL: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%
Expense ratio chart for EWP: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Risk-Adjusted Performance

PGAL vs. EWP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Portugal ETF (PGAL) and iShares MSCI Spain ETF (EWP). 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.


Sharpe ratio
The chart of Sharpe ratio for PGAL, currently valued at -0.17, compared to the broader market0.002.004.00-0.170.37
The chart of Sortino ratio for PGAL, currently valued at -0.19, compared to the broader market-2.000.002.004.006.008.0010.00-0.190.60
The chart of Omega ratio for PGAL, currently valued at 0.93, compared to the broader market0.501.001.502.002.503.000.931.07
The chart of Calmar ratio for PGAL, currently valued at -0.08, compared to the broader market0.005.0010.0015.00-0.080.53
The chart of Martin ratio for PGAL, currently valued at -0.31, compared to the broader market0.0020.0040.0060.0080.00100.00-0.311.49
PGAL
EWP


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
-0.17
0.37
PGAL
EWP

Dividends

PGAL vs. EWP - Dividend Comparison

PGAL has not paid dividends to shareholders, while EWP's dividend yield for the trailing twelve months is around 5.95%.


TTM20232022202120202019201820172016201520142013
PGAL
Global X MSCI Portugal ETF
0.66%4.15%3.33%3.43%2.41%3.49%4.60%3.05%4.29%4.53%2.23%0.00%
EWP
iShares MSCI Spain ETF
4.40%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%4.72%2.84%

Drawdowns

PGAL vs. EWP - Drawdown Comparison


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-20.57%
-11.53%
PGAL
EWP

Volatility

PGAL vs. EWP - Volatility Comparison

The current volatility for Global X MSCI Portugal ETF (PGAL) is 0.00%, while iShares MSCI Spain ETF (EWP) has a volatility of 4.64%. This indicates that PGAL experiences smaller price fluctuations and is considered to be less risky than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember0
4.64%
PGAL
EWP
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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