SPXCY vs. EWT
SPXCY (Singapore Exchange Ltd ADR) is a stock, while EWT (iShares MSCI Taiwan ETF) is Taiwan Equities fund tracking the MSCI Taiwan 25/50 Index. Over the past 10 years, SPXCY returned 17.09%/yr vs 18.36%/yr for EWT. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
SPXCY vs. EWT - Performance Comparison
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Returns By Period
In the year-to-date period, SPXCY achieves a 44.39% return, which is significantly lower than EWT's 60.08% return. Over the past 10 years, SPXCY has underperformed EWT with an annualized return of 17.09%, while EWT has yielded a comparatively higher 18.36% annualized return.
SPXCY
- 1D
- -0.61%
- 1M
- 0.29%
- 6M
- 37.49%
- YTD
- 44.39%
- 1Y
- 52.85%
- 3Y*
- 41.50%
- 5Y*
- 21.38%
- 10Y*
- 17.09%
- ALL TIME*
- 14.18%
EWT
- 1D
- -0.50%
- 1M
- -5.19%
- 6M
- 49.23%
- YTD
- 60.08%
- 1Y
- 80.54%
- 3Y*
- 38.29%
- 5Y*
- 17.77%
- 10Y*
- 18.36%
- ALL TIME*
- 7.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $576.97M | $667.86M | $673.38M | |
| $740.42K | $807.27K | $847.81K |
SPXCY vs. EWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXCY Singapore Exchange Ltd ADR | 44.39% | 44.72% | 31.77% | 13.47% | -1.07% | 2.94% | 10.33% | 30.40% | -1.39% | 15.08% |
EWT iShares MSCI Taiwan ETF | 60.08% | 28.38% | 16.11% | 29.00% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
Correlation
The correlation between SPXCY and EWT is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.28 |
The correlation between SPXCY and EWT shifts across timeframes, from 0.25 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPXCY vs. EWT — Risk / Return Rank
SPXCY
EWT
SPXCY vs. EWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Singapore Exchange Ltd ADR (SPXCY) and iShares MSCI Taiwan ETF (EWT). 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.
| SPXCY | EWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.73 | 4.08 | +2.64 |
| Martin ratioReturn relative to average drawdown | 15.42 | 16.30 | -0.88 |
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Drawdowns
SPXCY vs. EWT - Drawdown Comparison
The maximum SPXCY drawdown since its inception was -31.90%, smaller than the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for SPXCY and EWT.
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Drawdown Indicators
| SPXCY | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.90% | -64.37% | +32.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -19.83% | +11.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -25.66% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | -38.88% | +11.39% |
Max Drawdown (10Y)Largest decline over 10 years | -31.90% | -38.88% | +6.98% |
Current DrawdownCurrent decline from peak | -1.93% | -8.81% | +6.88% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -19.09% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 4.96% | -1.52% |
Volatility
SPXCY vs. EWT - Volatility Comparison
The current volatility for Singapore Exchange Ltd ADR (SPXCY) is 5.28%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 13.08%. This indicates that SPXCY experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXCY | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 13.08% | -7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 27.71% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 31.08% | -10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 24.03% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 22.23% | +0.78% |
Dividends
SPXCY vs. EWT - Dividend Comparison
SPXCY's dividend yield for the trailing twelve months is around 1.81%, less than EWT's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 2.77% | 4.43% | 3.32% | 12.01% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
SPXCY Singapore Exchange Ltd ADR | 1.81% | 2.26% | 2.83% | 3.34% | 3.47% | 3.38% | 3.92% | 3.17% | 4.30% | 4.69% | 7.69% | 3.59% |
Frequently Asked Questions
SPXCY and EWT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWT has higher volatility (13.08%) compared to SPXCY (5.28%). In terms of maximum drawdown, SPXCY dropped -31.90% vs EWT's -64.37%.
EWT currently has the higher Sharpe Ratio (2.61 vs 2.54), 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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