TNOW.L vs. EWL
Compare and contrast key facts about Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and iShares MSCI Switzerland ETF (EWL).
TNOW.L and EWL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TNOW.L is a passively managed fund by Amundi that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Aug 16, 2010. EWL is a passively managed fund by iShares that tracks the performance of the MSCI Switzerland Index. It was launched on Mar 12, 1996. Both TNOW.L and EWL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNOW.L or EWL.
Key characteristics
| TNOW.L | EWL | |
|---|---|---|
| YTD Return | 31.53% | 0.62% |
| 1Y Return | 40.09% | 9.79% |
| 3Y Return (Ann) | 12.27% | -0.28% |
| 5Y Return (Ann) | 22.12% | 6.26% |
| 10Y Return (Ann) | 19.48% | 6.10% |
| Sharpe Ratio | 1.93 | 1.00 |
| Sortino Ratio | 2.57 | 1.46 |
| Omega Ratio | 1.34 | 1.17 |
| Calmar Ratio | 2.62 | 0.96 |
| Martin Ratio | 8.88 | 4.17 |
| Ulcer Index | 4.40% | 3.05% |
| Daily Std Dev | 20.24% | 12.71% |
| Max Drawdown | -36.17% | -51.62% |
| Current Drawdown | -0.26% | -9.97% |
Correlation
The correlation between TNOW.L and EWL is 0.34, 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.
Performance
TNOW.L vs. EWL - Performance Comparison
In the year-to-date period, TNOW.L achieves a 31.53% return, which is significantly higher than EWL's 0.62% return. Over the past 10 years, TNOW.L has outperformed EWL with an annualized return of 19.48%, while EWL has yielded a comparatively lower 6.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TNOW.L vs. EWL - Expense Ratio Comparison
TNOW.L has a 0.30% expense ratio, which is lower than EWL's 0.50% expense ratio.
Risk-Adjusted Performance
TNOW.L vs. EWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and iShares MSCI Switzerland ETF (EWL). 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.
Dividends
TNOW.L vs. EWL - Dividend Comparison
TNOW.L has not paid dividends to shareholders, while EWL's dividend yield for the trailing twelve months is around 2.14%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWL iShares MSCI Switzerland ETF | 2.14% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% | 2.49% | 1.83% |
Drawdowns
TNOW.L vs. EWL - Drawdown Comparison
The maximum TNOW.L drawdown since its inception was -36.17%, smaller than the maximum EWL drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for TNOW.L and EWL. For additional features, visit the drawdowns tool.
Volatility
TNOW.L vs. EWL - Volatility Comparison
Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) has a higher volatility of 5.57% compared to iShares MSCI Switzerland ETF (EWL) at 4.00%. This indicates that TNOW.L's price experiences larger fluctuations and is considered to be riskier than EWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.