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SKHY vs. EWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SKHY vs. EWY

Last updated Aug 1, 2026
Documentation

SKHY (SK hynix Inc ADR) is a stock, while EWY (iShares MSCI South Korea ETF) is South Korea Equities fund tracking the MSCI Korea Index. Their correlation of 0.90 means they have usually moved in the same direction.

Performance

SKHY vs. EWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SK hynix Inc ADR (SKHY) and iShares MSCI South Korea ETF (EWY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SKHY

1D
-3.54%
1M
—
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

EWY

1D
-2.55%
1M
-12.79%
6M
28.34%
YTD
61.59%
1Y
127.36%
3Y*
35.68%
5Y*
14.47%
10Y*
13.13%
ALL TIME*
9.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EWY

iShares MSCI South Korea ETF
$4.45B$4.55B$4.16B

SKHY

SK hynix Inc ADR
$6.38B$8.64B$8.64B

SKHY vs. EWY - Yearly Performance Comparison

2026 (YTD)
SKHY
SK hynix Inc ADR		-15.45%
EWY
iShares MSCI South Korea ETF		-14.97%

Correlation

The correlation between SKHY and EWY is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 10, 2026

0.90

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SK hynix Inc ADR

iShares MSCI South Korea ETF

Often compared with SKHY:
SKHY vs. MUSKHY vs. SNDKSKHY vs. TSMSKHY vs. GOOGLSKHY vs. PLTRSKHY vs. SMSN.LSKHY vs. ORCL
Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. EWTEWY vs. QQQEWY vs. EWH

Return for Risk

SKHY vs. EWY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SKHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EWY
EWY Risk / Return Rank: 8686
Overall Rank
EWY Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 8080
Sortino Ratio Rank
EWY Omega Ratio Rank: 8484
Omega Ratio Rank
EWY Calmar Ratio Rank: 8888
Calmar Ratio Rank
EWY Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SKHY vs. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SK hynix Inc ADR (SKHY) and iShares MSCI South Korea ETF (EWY). 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.

SKHYEWYDifference
Sharpe ratioReturn per unit of total volatility

—

2.24

—

Sortino ratioReturn per unit of downside risk

—

2.59

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

3.55

—

Martin ratioReturn relative to average drawdown

—

12.67

—

SKHY vs. EWY - Sharpe Ratio Comparison

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Drawdowns

SKHY vs. EWY - Drawdown Comparison

The maximum SKHY drawdown since its inception was -34.62%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for SKHY and EWY.

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Drawdown Indicators

SKHYEWYDifference

Max Drawdown

Largest peak-to-trough decline

-34.62%

-74.14%

+39.52%

Max Drawdown (1Y)

Largest decline over 1 year

—

-34.21%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-34.21%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-47.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.73%

—

Current Drawdown

Current decline from peak

-25.88%

-28.33%

+2.45%

Average Drawdown

Average peak-to-trough decline

-17.90%

-20.10%

+2.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

9.56%

—

Volatility

SKHY vs. EWY - Volatility Comparison

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Volatility by Period

SKHYEWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

22.08%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

50.88%

—

Volatility (1Y)

Calculated over the trailing 1-year period

176.42%

54.29%

+122.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

176.42%

32.77%

+143.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

176.42%

29.38%

+147.04%

Dividends

SKHY vs. EWY - Dividend Comparison

SKHY has not paid dividends to shareholders, while EWY's dividend yield for the trailing twelve months is around 1.30%.

PositionTTM20252024202320222021202020192018201720162015
EWY
iShares MSCI South Korea ETF		1.30%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%
SKHY
SK hynix Inc ADR		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

With a correlation of 0.90, SKHY and EWY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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