THG vs. EWN
THG (The Hanover Insurance Group, Inc.) is a stock, while EWN (iShares MSCI Netherlands ETF) is Europe Equities fund tracking the MSCI Netherlands Investable Market Index. Over the past 10 years, THG returned 14.17%/yr vs 13.54%/yr for EWN. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
THG vs. EWN - Performance Comparison
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Returns By Period
In the year-to-date period, THG achieves a 26.66% return, which is significantly higher than EWN's 21.82% return. Both investments have delivered pretty close results over the past 10 years, with THG having a 14.17% annualized return and EWN not far behind at 13.54%.
THG
- 1D
- 0.47%
- 1M
- 4.06%
- 6M
- 32.23%
- YTD
- 26.66%
- 1Y
- 36.61%
- 3Y*
- 29.83%
- 5Y*
- 13.36%
- 10Y*
- 14.17%
- ALL TIME*
- 9.66%
EWN
- 1D
- -0.39%
- 1M
- -0.03%
- 6M
- 13.76%
- YTD
- 21.82%
- 1Y
- 40.52%
- 3Y*
- 20.12%
- 5Y*
- 9.02%
- 10Y*
- 13.54%
- ALL TIME*
- 7.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.41M | $19.03M | $16.31M | |
| $80.33M | $76.54M | $67.97M |
THG vs. EWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THG The Hanover Insurance Group, Inc. | 26.66% | 20.66% | 30.61% | -7.61% | 5.40% | 14.51% | -12.31% | 26.73% | 10.15% | 21.41% |
EWN iShares MSCI Netherlands ETF | 21.82% | 34.87% | 1.67% | 22.08% | -24.43% | 22.74% | 23.23% | 32.45% | -15.37% | 33.73% |
Correlation
The correlation between THG and EWN is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.36 |
The correlation between THG and EWN shifts across timeframes, from -0.13 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
THG vs. EWN — Risk / Return Rank
THG
EWN
THG vs. EWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hanover Insurance Group, Inc. (THG) and iShares MSCI Netherlands ETF (EWN). 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.
| THG | EWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 3.08 | +0.60 |
| Martin ratioReturn relative to average drawdown | 8.57 | 11.09 | -2.52 |
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Drawdowns
THG vs. EWN - Drawdown Comparison
The maximum THG drawdown since its inception was -89.84%, which is greater than EWN's maximum drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for THG and EWN.
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Drawdown Indicators
| THG | EWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.84% | -65.22% | -24.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -13.24% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -19.77% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -43.57% | +13.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.10% | -43.57% | +3.47% |
Current DrawdownCurrent decline from peak | -1.51% | -2.88% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -16.27% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 3.66% | +0.62% |
Volatility
THG vs. EWN - Volatility Comparison
The Hanover Insurance Group, Inc. (THG) has a higher volatility of 8.00% compared to iShares MSCI Netherlands ETF (EWN) at 7.12%. This indicates that THG's price experiences larger fluctuations and is considered to be riskier than EWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THG | EWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 7.12% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 19.17% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 22.37% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.85% | 23.38% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 21.33% | +2.89% |
Dividends
THG vs. EWN - Dividend Comparison
THG's dividend yield for the trailing twelve months is around 1.64%, less than EWN's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWN iShares MSCI Netherlands ETF | 4.12% | 5.03% | 2.18% | 1.79% | 1.98% | 1.01% | 0.78% | 2.57% | 2.40% | 1.68% | 2.71% | 1.92% |
THG The Hanover Insurance Group, Inc. | 1.64% | 2.00% | 2.23% | 2.70% | 2.26% | 2.17% | 2.27% | 7.10% | 1.90% | 1.89% | 2.07% | 2.08% |
Frequently Asked Questions
THG and EWN have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THG has higher volatility (8.00%) compared to EWN (7.12%). In terms of maximum drawdown, THG dropped -89.84% vs EWN's -65.22%.
EWN currently has the higher Sharpe Ratio (1.82 vs 1.78), 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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