SID vs. EEM
SID (Companhia Siderúrgica Nacional) is a stock, while EEM (iShares MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). Over the past 10 years, SID returned -5.86%/yr vs 8.64%/yr for EEM. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
SID vs. EEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SID achieves a -35.62% return, which is significantly lower than EEM's 20.66% return. Over the past 10 years, SID has underperformed EEM with an annualized return of -5.86%, while EEM has yielded a comparatively higher 8.64% annualized return.
SID
- 1D
- 0.00%
- 1M
- -15.57%
- 6M
- -44.92%
- YTD
- -35.62%
- 1Y
- -29.93%
- 3Y*
- -24.08%
- 5Y*
- -29.46%
- 10Y*
- -5.86%
EEM
- 1D
- 1.81%
- 1M
- -2.75%
- 6M
- 14.78%
- YTD
- 20.66%
- 1Y
- 38.54%
- 3Y*
- 19.81%
- 5Y*
- 6.46%
- 10Y*
- 8.64%
SID vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SID Companhia Siderúrgica Nacional | -35.62% | 11.11% | -59.60% | 69.73% | -29.68% | -22.18% | 72.67% | 68.56% | -10.61% | -24.15% |
EEM iShares MSCI Emerging Markets ETF | 20.66% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Correlation
The correlation between SID and EEM is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2003 | 0.60 |
The correlation between SID and EEM shifts across timeframes, from 0.49 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SID vs. EEM — Risk / Return Rank
SID
EEM
SID vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Companhia Siderúrgica Nacional (SID) and iShares MSCI Emerging Markets ETF (EEM). 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.
| SID | EEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.31 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.86 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.11 | 9.70 | -10.80 |
Loading charts...
Drawdowns
SID vs. EEM - Drawdown Comparison
The maximum SID drawdown since its inception was -95.79%, which is greater than EEM's maximum drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for SID and EEM.
Loading charts...
Drawdown Indicators
| SID | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -66.43% | -29.36% |
Max Drawdown (1Y)Largest decline over 1 year | -57.67% | -13.52% | -44.15% |
Max Drawdown (3Y)Largest decline over 3 years | -75.27% | -17.29% | -57.98% |
Max Drawdown (5Y)Largest decline over 5 years | -85.52% | -35.20% | -50.32% |
Max Drawdown (10Y)Largest decline over 10 years | -86.14% | -39.82% | -46.32% |
Current DrawdownCurrent decline from peak | -90.14% | -7.78% | -82.36% |
Average DrawdownAverage peak-to-trough decline | -51.81% | -15.97% | -35.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.11% | 3.98% | +23.13% |
Volatility
SID vs. EEM - Volatility Comparison
Companhia Siderúrgica Nacional (SID) has a higher volatility of 16.93% compared to iShares MSCI Emerging Markets ETF (EEM) at 10.53%. This indicates that SID's price experiences larger fluctuations and is considered to be riskier than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SID | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.93% | 10.53% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 46.80% | 21.63% | +25.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.15% | 23.59% | +33.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.60% | 19.73% | +33.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.95% | 20.71% | +38.24% |
Dividends
SID vs. EEM - Dividend Comparison
SID has not paid dividends to shareholders, while EEM's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 1.70% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
SID Companhia Siderúrgica Nacional | 0.00% | 0.00% | 15.93% | 12.83% | 14.31% | 8.41% | 0.03% | 6.89% | 0.00% | 0.00% | 0.00% | 14.30% |
Frequently Asked Questions
SID and EEM have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SID has higher volatility (16.93%) compared to EEM (10.53%). In terms of maximum drawdown, SID dropped -95.79% vs EEM's -66.43%.
EEM currently has the higher Sharpe Ratio (1.64 vs -0.53), 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.
Find the right allocation for SID and EEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer