SKWD vs. EWY
SKWD (Skyward Specialty Insurance Group Inc. Common Stock) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 3 years, SKWD returned 29.13%/yr vs 49.59%/yr for EWY. At a 0.03 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 6.42% return, which is significantly lower than EWY's 102.90% return.
SKWD
- 1D
- 2.86%
- 1M
- 14.63%
- YTD
- 6.42%
- 6M
- 5.16%
- 1Y
- -7.48%
- 3Y*
- 29.13%
- 5Y*
- —
- 10Y*
- —
EWY
- 1D
- 2.63%
- 1M
- 8.37%
- YTD
- 102.90%
- 6M
- 108.52%
- 1Y
- 177.62%
- 3Y*
- 49.59%
- 5Y*
- 18.43%
- 10Y*
- 16.90%
SKWD vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SKWD Skyward Specialty Insurance Group Inc. Common Stock | 6.42% | 1.13% | 49.17% | 79.26% |
EWY iShares MSCI South Korea ETF | 102.90% | 95.33% | -20.48% | 8.52% |
Correlation
The correlation between SKWD and EWY is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2023 | 0.03 |
The correlation between SKWD and EWY shifts across timeframes, from -0.12 (1 year) to 0.03 (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 | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.53 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 7.74 | -8.01 |
| Martin ratioReturn relative to average drawdown | -0.41 | 26.72 | -27.13 |
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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 | -28.60% | -23.08% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -36.52% | -27.36% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -16.32% | -10.01% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -20.10% | +9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.57% | 6.68% | +12.89% |
Volatility
SKWD vs. EWY - Volatility Comparison
The current volatility for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) is 11.25%, while iShares MSCI South Korea ETF (EWY) has a volatility of 29.45%. 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 | 11.25% | 29.45% | -18.20% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 45.56% | -20.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.52% | 49.04% | -14.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.02% | 31.02% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.02% | 28.44% | +5.58% |
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 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.03% | 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 -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (29.45%) compared to SKWD (11.25%). In terms of maximum drawdown, SKWD dropped -36.52% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (3.66 vs -0.22), 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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