PLUG vs. EWZ
PLUG (Plug Power Inc.) 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, PLUG returned 5.89%/yr vs 7.53%/yr for EWZ. At a 0.24 correlation, their price movements are largely independent.
Performance
PLUG vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, PLUG achieves a 61.93% return, which is significantly higher than EWZ's 6.04% return. Over the past 10 years, PLUG has underperformed EWZ with an annualized return of 5.89%, while EWZ has yielded a comparatively higher 7.53% annualized return.
PLUG
- 1D
- -0.78%
- 1M
- 2.24%
- YTD
- 61.93%
- 6M
- 47.69%
- 1Y
- 229.14%
- 3Y*
- -29.67%
- 5Y*
- -37.11%
- 10Y*
- 5.89%
EWZ
- 1D
- -0.94%
- 1M
- -13.88%
- YTD
- 6.04%
- 6M
- 6.47%
- 1Y
- 28.14%
- 3Y*
- 7.95%
- 5Y*
- 3.87%
- 10Y*
- 7.53%
PLUG vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLUG Plug Power Inc. | 61.93% | -7.51% | -52.67% | -63.62% | -56.18% | -16.75% | 973.10% | 154.84% | -47.46% | 96.67% |
EWZ iShares MSCI Brazil ETF | 6.04% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between PLUG and EWZ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000 | 0.24 |
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Return for Risk
PLUG vs. EWZ — Risk / Return Rank
PLUG
EWZ
PLUG vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) 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.
| PLUG | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.47 | +2.60 |
| Martin ratioReturn relative to average drawdown | 6.93 | 4.96 | +1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLUG | EWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.13 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.14 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.22 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.16 | -0.31 |
Drawdowns
PLUG vs. EWZ - Drawdown Comparison
The maximum PLUG drawdown since its inception was -99.99%, which is greater than EWZ's maximum drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for PLUG and EWZ.
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Drawdown Indicators
| PLUG | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -77.25% | -22.74% |
Max Drawdown (1Y)Largest decline over 1 year | -56.66% | -19.27% | -37.39% |
Max Drawdown (3Y)Largest decline over 3 years | -94.69% | -31.36% | -63.33% |
Max Drawdown (5Y)Largest decline over 5 years | -98.43% | -32.24% | -66.19% |
Max Drawdown (10Y)Largest decline over 10 years | -99.04% | -56.99% | -42.05% |
Current DrawdownCurrent decline from peak | -99.79% | -26.15% | -73.64% |
Average DrawdownAverage peak-to-trough decline | -96.23% | -35.95% | -60.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.23% | 5.68% | +27.55% |
Volatility
PLUG vs. EWZ - Volatility Comparison
Plug Power Inc. (PLUG) has a higher volatility of 30.53% compared to iShares MSCI Brazil ETF (EWZ) at 7.32%. This indicates that PLUG'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
| PLUG | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.53% | 7.32% | +23.21% |
Volatility (6M)Calculated over the trailing 6-month period | 63.42% | 20.79% | +42.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.05% | 25.12% | +85.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.50% | 27.68% | +66.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.47% | 34.07% | +55.40% |
Dividends
PLUG vs. EWZ - Dividend Comparison
PLUG has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 4.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.89% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
PLUG Plug Power Inc. | 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
PLUG and EWZ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLUG has higher volatility (30.53%) compared to EWZ (7.32%). In terms of maximum drawdown, PLUG dropped -99.99% vs EWZ's -77.25%.
PLUG currently has the higher Sharpe Ratio (2.08 vs 1.13), 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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