STXE vs. EWS
STXE (Strive Emerging Markets Ex-China ETF) and EWS (iShares MSCI Singapore ETF) are both exchange-traded funds - STXE is a Emerging Markets Diversified fund tracking the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while EWS is a Asia Pacific Equities fund tracking the MSCI Singapore Index. Both are passively managed. Over the past 3 years, STXE returned 31.44%/yr vs 22.84%/yr for EWS. A 0.61 correlation means they provide meaningful diversification when combined. STXE charges 0.32%/yr vs 0.50%/yr for EWS.
Performance
STXE vs. EWS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, STXE achieves a 53.94% return, which is significantly higher than EWS's 10.24% return.
STXE
- 1D
- 0.43%
- 1M
- 13.55%
- YTD
- 53.94%
- 6M
- 57.48%
- 1Y
- 88.62%
- 3Y*
- 31.44%
- 5Y*
- —
- 10Y*
- —
EWS
- 1D
- 0.00%
- 1M
- 2.91%
- YTD
- 10.24%
- 6M
- 10.76%
- 1Y
- 23.81%
- 3Y*
- 22.84%
- 5Y*
- 10.58%
- 10Y*
- 8.40%
STXE vs. EWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
STXE Strive Emerging Markets Ex-China ETF | 53.94% | 34.23% | 2.09% | 12.38% |
EWS iShares MSCI Singapore ETF | 10.24% | 31.35% | 22.10% | -1.35% |
Correlation
The correlation between STXE and EWS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2023 | 0.61 |
The correlation between STXE and EWS has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
STXE vs. EWS — Risk / Return Rank
STXE
EWS
STXE vs. EWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) and iShares MSCI Singapore ETF (EWS). 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.
| STXE | EWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.28 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 6.14 | 3.06 | +3.08 |
| Martin ratioReturn relative to average drawdown | 23.88 | 7.38 | +16.50 |
Loading charts...
Drawdowns
STXE vs. EWS - Drawdown Comparison
The maximum STXE drawdown since its inception was -18.92%, smaller than the maximum EWS drawdown of -75.13%. Use the drawdown chart below to compare losses from any high point for STXE and EWS.
Loading charts...
Drawdown Indicators
| STXE | EWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.92% | -75.13% | +56.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -7.82% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -16.34% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -21.97% | +18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.23% | +0.49% |
Volatility
STXE vs. EWS - Volatility Comparison
Strive Emerging Markets Ex-China ETF (STXE) has a higher volatility of 13.76% compared to iShares MSCI Singapore ETF (EWS) at 5.10%. This indicates that STXE's price experiences larger fluctuations and is considered to be riskier than EWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| STXE | EWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.76% | 5.10% | +8.66% |
Volatility (6M)Calculated over the trailing 6-month period | 23.96% | 12.16% | +11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 15.30% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 17.32% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 18.05% | +0.71% |
STXE vs. EWS - Expense Ratio Comparison
STXE has a 0.32% expense ratio, which is lower than EWS's 0.50% expense ratio.
Dividends
STXE vs. EWS - Dividend Comparison
STXE's dividend yield for the trailing twelve months is around 1.75%, less than EWS's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWS iShares MSCI Singapore ETF | 3.98% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
STXE Strive Emerging Markets Ex-China ETF | 1.75% | 2.66% | 3.22% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STXE and EWS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STXE has higher volatility (13.76%) compared to EWS (5.10%). In terms of maximum drawdown, STXE dropped -18.92% vs EWS's -75.13%.
On 3-year performance, STXE leads with 31.44% vs 22.84% for EWS. On fees, STXE is cheaper at 0.32% per year. On volatility, EWS has been the lower-risk option at 5.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STXE has performed better with a 31.44% return vs 22.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STXE is cheaper with a 0.32% expense ratio, compared with 0.50% for EWS.
EWS has the higher dividend yield at 3.98%, compared with 1.75% for STXE.
STXE is categorized as Emerging Markets Diversified, while EWS is Asia Pacific Equities. STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while EWS tracks MSCI Singapore Index. They also come from different issuers: Strive and iShares. Their fees differ too: 0.32% for STXE and 0.50% for EWS.
STXE currently has the higher Sharpe Ratio (3.45 vs 1.57), 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.
Find the right allocation for STXE and EWS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer