TIMB vs. EWY

Last updated Apr 1, 2026

Compare and contrast key facts about TIM S.A. (TIMB) and iShares MSCI South Korea ETF (EWY).

EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000.

Performance

TIMB vs. EWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIM S.A. (TIMB) and iShares MSCI South Korea ETF (EWY). The values are adjusted to include any dividend payments, if applicable.

TIMB vs. EWY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TIMB TIM S.A.	37.03%	86.96%	-33.24%	68.57%	4.05%	-13.46%	25.06%
EWY iShares MSCI South Korea ETF	26.53%	95.33%	-20.48%	19.05%	-26.59%	-7.58%	30.30%

Returns By Period

In the year-to-date period, TIMB achieves a 37.03% return, which is significantly higher than EWY's 26.53% return.

TIMB

• 1D: 4.00%
• 1M: -3.01%
• YTD: 37.03%
• 6M: 29.10%
• 1Y: 91.59%
• 3Y*: 39.55%
• 5Y*: 27.23%
• 10Y*: —

EWY

• 1D: 5.65%
• 1M: -18.74%
• YTD: 26.53%
• 6M: 57.02%
• 1Y: 132.74%
• 3Y*: 29.24%
• 5Y*: 8.53%
• 10Y*: 11.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TIMB vs. EWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIMB

TIMB Risk / Return Rank: 95
TIMB Sharpe Ratio Rank: 96
TIMB Sortino Ratio Rank: 95
TIMB Omega Ratio Rank: 93
TIMB Calmar Ratio Rank: 96
TIMB Martin Ratio Rank: 95

EWY

EWY Risk / Return Rank: 98
EWY Sharpe Ratio Rank: 98
EWY Sortino Ratio Rank: 98
EWY Omega Ratio Rank: 97
EWY Calmar Ratio Rank: 98
EWY Martin Ratio Rank: 98

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.

TIMB vs. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) 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.

	TIMB	EWY	Difference
Sharpe ratio Return per unit of total volatility	2.89	3.68	-0.79
Sortino ratio Return per unit of downside risk	3.46	3.87	-0.41
Omega ratio Gain probability vs. loss probability	1.44	1.55	-0.11
Calmar ratio Return relative to maximum drawdown	6.04	5.61	+0.43
Martin ratio Return relative to average drawdown	16.54	22.88	-6.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIMB vs. EWY - Sharpe Ratio Comparison

The current TIMB Sharpe Ratio is 2.89, which is comparable to the EWY Sharpe Ratio of 3.68. The chart below compares the historical Sharpe Ratios of TIMB and EWY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TIMB	EWY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	3.68	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.32	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.27	+0.49

Correlation

The correlation between TIMB and EWY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TIMB vs. EWY - Dividend Comparison

TIMB's dividend yield for the trailing twelve months is around 8.89%, more than EWY's 1.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIMB TIM S.A.	8.89%	11.67%	6.03%	4.98%	4.05%	3.43%	3.05%	0.00%	0.00%	0.00%	0.00%	0.00%
EWY iShares MSCI South Korea ETF	1.66%	2.10%	2.55%	2.52%	1.23%	2.16%	0.73%	2.10%	1.34%	2.90%	1.21%	2.42%

Drawdowns

TIMB vs. EWY - Drawdown Comparison

The maximum TIMB drawdown since its inception was -37.08%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for TIMB and EWY.

Drawdown Indicators

	TIMB	EWY	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-74.14%	+37.06%
Max Drawdown (1Y) Largest decline over 1 year	-15.61%	-23.08%	+7.47%
Max Drawdown (5Y) Largest decline over 5 years	-37.08%	-48.55%	+11.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.73%	—
Current Drawdown Current decline from peak	-3.08%	-18.74%	+15.66%
Average Drawdown Average peak-to-trough decline	-12.13%	-20.23%	+8.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	5.66%	+0.04%

Volatility

TIMB vs. EWY - Volatility Comparison

The current volatility for TIM S.A. (TIMB) is 11.82%, while iShares MSCI South Korea ETF (EWY) has a volatility of 22.66%. This indicates that TIMB 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.

Volatility by Period

	TIMB	EWY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.82%	22.66%	-10.84%
Volatility (6M) Calculated over the trailing 6-month period	23.45%	31.11%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	31.91%	36.32%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.35%	26.61%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.99%	26.19%	+5.80%