PGAL vs. EWP
Compare and contrast key facts about Global X MSCI Portugal ETF (PGAL) and iShares MSCI Spain ETF (EWP).
PGAL and EWP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PGAL is a passively managed fund by Global X that tracks the performance of the MSCI All Portugal Plus 25-50. It was launched on Nov 12, 2013. EWP is a passively managed fund by iShares that tracks the performance of the MSCI Spain Index. It was launched on Mar 12, 1996. Both PGAL and EWP 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: PGAL or EWP.
Key characteristics
| PGAL | EWP |
|---|
Correlation
The correlation between PGAL and EWP 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.
Performance
PGAL vs. EWP - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
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 2.94%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 2.94% | 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
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 4.71%. 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.