SKWD vs. EWY
SKWD (Skyward Specialty Insurance Group Inc. Common Stock) is a stock, while EWY (iShares MSCI South Korea ETF) is South Korea Equities fund tracking the MSCI Korea Index. Over the past 3 years, SKWD returned 32.74%/yr vs 37.48%/yr for EWY. At a 0.01 correlation, their price movements are largely independent.
Performance
SKWD vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, SKWD achieves a 14.40% return, which is significantly lower than EWY's 68.03% return.
SKWD
- 1D
- 2.81%
- 1M
- 17.84%
- 6M
- 25.80%
- YTD
- 14.40%
- 1Y
- 8.36%
- 3Y*
- 32.74%
- 5Y*
- —
- 10Y*
- —
EWY
- 1D
- -4.82%
- 1M
- -20.66%
- 6M
- 47.10%
- YTD
- 68.03%
- 1Y
- 128.56%
- 3Y*
- 37.48%
- 5Y*
- 14.87%
- 10Y*
- 13.72%
SKWD vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SKWD Skyward Specialty Insurance Group Inc. Common Stock | 14.40% | 1.13% | 49.17% | 79.26% |
EWY iShares MSCI South Korea ETF | 68.03% | 95.33% | -20.48% | 8.52% |
Correlation
The correlation between SKWD and EWY is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2023 | 0.01 |
The correlation between SKWD and EWY shifts across timeframes, from -0.18 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SKWD vs. EWY — Risk / Return Rank
SKWD
EWY
SKWD vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) 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.
| SKWD | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.39 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 5.08 | -4.72 |
| Martin ratioReturn relative to average drawdown | 0.64 | 16.52 | -15.89 |
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Drawdowns
SKWD vs. EWY - Drawdown Comparison
The maximum SKWD drawdown since its inception was -36.52%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for SKWD and EWY.
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Drawdown Indicators
| SKWD | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -74.14% | +37.62% |
Max Drawdown (1Y)Largest decline over 1 year | -23.76% | -25.47% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -36.52% | -27.36% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -10.05% | -25.47% | +15.42% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -20.09% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.17% | 7.81% | +5.36% |
Volatility
SKWD vs. EWY - Volatility Comparison
The current volatility for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) is 12.02%, while iShares MSCI South Korea ETF (EWY) has a volatility of 22.95%. This indicates that SKWD experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKWD | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.02% | 22.95% | -10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 25.46% | 48.51% | -23.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.35% | 51.62% | -16.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.26% | 31.93% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.26% | 28.89% | +5.37% |
Dividends
SKWD vs. EWY - Dividend Comparison
SKWD has not paid dividends to shareholders, while EWY's dividend yield for the trailing twelve months is around 1.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.25% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
SKWD Skyward Specialty Insurance Group Inc. Common Stock | 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
SKWD and EWY have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (22.95%) compared to SKWD (12.02%). In terms of maximum drawdown, SKWD dropped -36.52% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (2.50 vs 0.24), 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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