PSIX vs. EWP
PSIX (Power Solutions International, Inc.) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, PSIX returned 8.06%/yr vs 11.09%/yr for EWP. At a 0.12 correlation, their price movements are largely independent.
Performance
PSIX vs. EWP - Performance Comparison
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Returns By Period
In the year-to-date period, PSIX achieves a -29.68% return, which is significantly lower than EWP's 6.66% return. Over the past 10 years, PSIX has underperformed EWP with an annualized return of 8.06%, while EWP has yielded a comparatively higher 11.09% annualized return.
PSIX
- 1D
- -0.59%
- 1M
- -41.84%
- YTD
- -29.68%
- 6M
- -34.26%
- 1Y
- -6.54%
- 3Y*
- 140.18%
- 5Y*
- 53.60%
- 10Y*
- 8.06%
EWP
- 1D
- 1.11%
- 1M
- 2.28%
- YTD
- 6.66%
- 6M
- 11.07%
- 1Y
- 36.42%
- 3Y*
- 31.66%
- 5Y*
- 17.28%
- 10Y*
- 11.09%
PSIX vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSIX Power Solutions International, Inc. | -29.68% | 92.07% | 1,351.22% | -31.67% | 0.00% | -9.09% | -58.23% | -14.59% | 23.33% | 0.00% |
EWP iShares MSCI Spain ETF | 6.66% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
Correlation
The correlation between PSIX and EWP is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2012 | 0.12 |
The correlation between PSIX and EWP shifts across timeframes, from 0.08 (10 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSIX vs. EWP — Risk / Return Rank
PSIX
EWP
PSIX vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Solutions International, Inc. (PSIX) 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.
| PSIX | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.21 | -3.31 |
| Martin ratioReturn relative to average drawdown | -0.18 | 11.44 | -11.62 |
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
| PSIX | EWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.95 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.86 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.50 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.31 | -0.25 |
Drawdowns
PSIX vs. EWP - Drawdown Comparison
The maximum PSIX drawdown since its inception was -98.55%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for PSIX and EWP.
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Drawdown Indicators
| PSIX | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.55% | -61.19% | -37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -68.60% | -11.38% | -57.22% |
Max Drawdown (3Y)Largest decline over 3 years | -68.60% | -12.19% | -56.41% |
Max Drawdown (5Y)Largest decline over 5 years | -84.37% | -33.91% | -50.46% |
Max Drawdown (10Y)Largest decline over 10 years | -93.77% | -46.36% | -47.41% |
Current DrawdownCurrent decline from peak | -65.30% | -1.52% | -63.78% |
Average DrawdownAverage peak-to-trough decline | -68.23% | -21.43% | -46.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.51% | 3.19% | +32.32% |
Volatility
PSIX vs. EWP - Volatility Comparison
Power Solutions International, Inc. (PSIX) has a higher volatility of 60.33% compared to iShares MSCI Spain ETF (EWP) at 5.74%. This indicates that PSIX's price experiences larger fluctuations and is considered to be riskier than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSIX | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.33% | 5.74% | +54.59% |
Volatility (6M)Calculated over the trailing 6-month period | 89.63% | 15.65% | +73.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.35% | 18.72% | +84.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.44% | 20.25% | +93.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.93% | 22.23% | +83.70% |
Dividends
PSIX vs. EWP - Dividend Comparison
PSIX has not paid dividends to shareholders, while EWP's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.13% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
PSIX Power Solutions International, 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
PSIX and EWP have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSIX has higher volatility (60.33%) compared to EWP (5.74%). In terms of maximum drawdown, PSIX dropped -98.55% vs EWP's -61.19%.
EWP currently has the higher Sharpe Ratio (1.95 vs -0.06), 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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