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SNPS vs. EWJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SNPS vs. EWJ

Last updated Jun 13, 2026

SNPS (Synopsys, Inc.) is a stock, while EWJ (iShares MSCI Japan ETF) is Japan Equities fund tracking the MSCI Japan Index. Over the past 10 years, SNPS returned 24.15%/yr vs 9.55%/yr for EWJ. At a 0.39 correlation, their price movements are largely independent.

Performance

SNPS vs. EWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Synopsys, Inc. (SNPS) and iShares MSCI Japan ETF (EWJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SNPS achieves a -3.37% return, which is significantly lower than EWJ's 14.83% return. Over the past 10 years, SNPS has outperformed EWJ with an annualized return of 24.15%, while EWJ has yielded a comparatively lower 9.55% annualized return.

SNPS

1D
-0.53%
1M
-11.01%
YTD
-3.37%
6M
0.21%
1Y
-5.21%
3Y*
0.29%
5Y*
11.53%
10Y*
24.15%

EWJ

1D
0.57%
1M
0.71%
YTD
14.83%
6M
14.50%
1Y
31.74%
3Y*
16.57%
5Y*
8.56%
10Y*
9.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SNPS vs. EWJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SNPS
Synopsys, Inc.		-3.37%-3.22%-5.74%61.27%-13.35%42.15%86.24%65.24%-1.17%44.82%
EWJ
iShares MSCI Japan ETF		14.83%25.84%7.03%20.29%-17.72%1.16%15.40%19.34%-14.10%24.27%

Correlation

The correlation between SNPS and EWJ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Apr 1, 1996

0.39

The correlation between SNPS and EWJ shifts across timeframes, from 0.34 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Synopsys, Inc.

iShares MSCI Japan ETF

Often compared with SNPS:
SNPS vs. KLACSNPS vs. TERSNPS vs. SYNASNPS vs. ASML.ASSNPS vs. LSCCSNPS vs. CCSISNPS vs. EME
Often compared with EWJ:
EWJ vs. DXJEWJ vs. ^N225EWJ vs. EWJVEWJ vs. EWYEWJ vs. FLJPEWJ vs. HEWJEWJ vs. JPXN

Return for Risk

SNPS vs. EWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SNPS
SNPS Risk / Return Rank: 3737
Overall Rank
SNPS Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
SNPS Sortino Ratio Rank: 3737
Sortino Ratio Rank
SNPS Omega Ratio Rank: 3939
Omega Ratio Rank
SNPS Calmar Ratio Rank: 3737
Calmar Ratio Rank
SNPS Martin Ratio Rank: 3838
Martin Ratio Rank
EWJ
EWJ Risk / Return Rank: 5151
Overall Rank
EWJ Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EWJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
EWJ Omega Ratio Rank: 5151
Omega Ratio Rank
EWJ Calmar Ratio Rank: 5151
Calmar Ratio Rank
EWJ Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNPS vs. EWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Synopsys, Inc. (SNPS) and iShares MSCI Japan ETF (EWJ). 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.

SNPSEWJDifference
Sharpe ratioReturn per unit of total volatility
-0.15
1.52

-1.67

Sortino ratioReturn per unit of downside risk
0.20
2.21

-2.00

Omega ratioGain probability vs. loss probability

1.04

1.28

-0.25

Calmar ratioReturn relative to maximum drawdown

-0.20

2.27

-2.47

Martin ratioReturn relative to average drawdown

-0.32

7.62

-7.94

SNPS vs. EWJ - Sharpe Ratio Comparison

The current SNPS Sharpe Ratio is -0.15, which is lower than the EWJ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SNPS and EWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SNPS vs. EWJ - Drawdown Comparison

The maximum SNPS drawdown since its inception was -60.95%, roughly equal to the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for SNPS and EWJ.

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Drawdown Indicators

SNPSEWJDifference

Max Drawdown

Largest peak-to-trough decline

-60.95%

-60.93%

-0.02%

Max Drawdown (1Y)

Largest decline over 1 year

-41.04%

-13.59%

-27.45%

Max Drawdown (3Y)

Largest decline over 3 years

-41.04%

-14.68%

-26.36%

Max Drawdown (5Y)

Largest decline over 5 years

-41.04%

-33.14%

-7.90%

Max Drawdown (10Y)

Largest decline over 10 years

-41.04%

-33.14%

-7.90%

Current Drawdown

Current decline from peak

-29.67%

-1.51%

-28.16%

Average Drawdown

Average peak-to-trough decline

-20.29%

-21.72%

+1.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.17%

4.04%

+22.13%

Volatility

SNPS vs. EWJ - Volatility Comparison

Synopsys, Inc. (SNPS) has a higher volatility of 13.66% compared to iShares MSCI Japan ETF (EWJ) at 6.31%. This indicates that SNPS's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SNPSEWJDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.66%

6.31%

+7.35%

Volatility (6M)

Calculated over the trailing 6-month period

30.93%

15.96%

+14.97%

Volatility (1Y)

Calculated over the trailing 1-year period

56.65%

20.23%

+36.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.80%

18.38%

+22.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.08%

17.33%

+17.75%

Dividends

SNPS vs. EWJ - Dividend Comparison

SNPS has not paid dividends to shareholders, while EWJ's dividend yield for the trailing twelve months is around 3.94%.

PositionTTM20252024202320222021202020192018201720162015
EWJ
iShares MSCI Japan ETF		3.94%4.52%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%
SNPS
Synopsys, Inc.		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

SNPS and EWJ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SNPS has higher volatility (13.66%) compared to EWJ (6.31%). In terms of maximum drawdown, SNPS dropped -60.95% vs EWJ's -60.93%.

EWJ currently has the higher Sharpe Ratio (1.52 vs -0.15), 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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