RIG vs. EWZ
RIG (Transocean Ltd.) 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, RIG returned -7.67%/yr vs 5.97%/yr for EWZ. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
RIG vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, RIG achieves a 19.85% return, which is significantly higher than EWZ's 12.71% return. Over the past 10 years, RIG has underperformed EWZ with an annualized return of -7.67%, while EWZ has yielded a comparatively higher 5.97% annualized return.
RIG
- 1D
- -0.80%
- 1M
- -1.79%
- 6M
- 1.64%
- YTD
- 19.85%
- 1Y
- 62.83%
- 3Y*
- -16.65%
- 5Y*
- 6.52%
- 10Y*
- -7.67%
- ALL TIME*
- -1.47%
EWZ
- 1D
- -1.61%
- 1M
- 2.66%
- 6M
- -6.58%
- YTD
- 12.71%
- 1Y
- 38.50%
- 3Y*
- 8.16%
- 5Y*
- 6.97%
- 10Y*
- 5.97%
- ALL TIME*
- 6.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $565.24M | $616.17M | $830.97M | |
| $223.07M | $214.85M | $210.24M |
RIG vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIG Transocean Ltd. | 19.85% | 10.13% | -40.94% | 39.25% | 65.22% | 19.48% | -66.42% | -0.86% | -35.02% | -27.54% |
EWZ iShares MSCI Brazil ETF | 12.71% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between RIG and EWZ is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000 | 0.38 |
The correlation between RIG and EWZ shifts across timeframes, from 0.22 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RIG vs. EWZ — Risk / Return Rank
RIG
EWZ
RIG vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transocean Ltd. (RIG) 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.
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.
| RIG | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.01 | -0.24 |
| Martin ratioReturn relative to average drawdown | 4.81 | 4.95 | -0.14 |
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Drawdowns
RIG vs. EWZ - Drawdown Comparison
The maximum RIG drawdown since its inception was -99.47%, which is greater than EWZ's maximum drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for RIG and EWZ.
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Drawdown Indicators
| RIG | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.47% | -77.25% | -22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -35.75% | -19.27% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -75.80% | -31.36% | -44.44% |
Max Drawdown (5Y)Largest decline over 5 years | -75.80% | -32.24% | -43.56% |
Max Drawdown (10Y)Largest decline over 10 years | -95.77% | -56.99% | -38.78% |
Current DrawdownCurrent decline from peak | -96.10% | -21.51% | -74.59% |
Average DrawdownAverage peak-to-trough decline | -57.31% | -35.87% | -21.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.12% | 7.80% | +5.32% |
Volatility
RIG vs. EWZ - Volatility Comparison
Transocean Ltd. (RIG) has a higher volatility of 11.84% compared to iShares MSCI Brazil ETF (EWZ) at 6.21%. This indicates that RIG'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
| RIG | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 6.21% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 39.28% | 19.13% | +20.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.03% | 24.97% | +28.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.63% | 27.56% | +34.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.41% | 33.90% | +40.51% |
Dividends
RIG vs. EWZ - Dividend Comparison
RIG has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 4.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.13% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
RIG Transocean Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.48% |
Frequently Asked Questions
RIG and EWZ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIG has higher volatility (11.84%) compared to EWZ (6.21%). In terms of maximum drawdown, RIG dropped -99.47% vs EWZ's -77.25%.
EWZ currently has the higher Sharpe Ratio (1.55 vs 1.19), 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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