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TTWO vs. EWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TTWO vs. EWI

Last updated Jun 24, 2026

TTWO (Take-Two Interactive Software, Inc.) is a stock, while EWI (iShares MSCI Italy ETF) is Europe Equities fund tracking the MSCI Italy Index. Over the past 10 years, TTWO returned 21.03%/yr vs 14.84%/yr for EWI. At a 0.26 correlation, their price movements are largely independent.

Performance

TTWO vs. EWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Take-Two Interactive Software, Inc. (TTWO) and iShares MSCI Italy ETF (EWI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TTWO achieves a -5.23% return, which is significantly lower than EWI's 11.51% return. Over the past 10 years, TTWO has outperformed EWI with an annualized return of 21.03%, while EWI has yielded a comparatively lower 14.84% annualized return.

TTWO

1D
1.28%
1M
6.63%
YTD
-5.23%
6M
-2.64%
1Y
0.43%
3Y*
19.59%
5Y*
6.75%
10Y*
21.03%

EWI

1D
-1.72%
1M
3.40%
YTD
11.51%
6M
11.36%
1Y
32.13%
3Y*
29.08%
5Y*
16.72%
10Y*
14.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TTWO vs. EWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TTWO
Take-Two Interactive Software, Inc.		-5.23%39.09%14.37%54.57%-41.41%-14.47%69.72%18.93%-6.23%122.72%
EWI
iShares MSCI Italy ETF		11.51%55.72%10.23%30.63%-14.16%14.38%1.69%26.98%-17.18%28.70%

Correlation

The correlation between TTWO and EWI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Apr 15, 1997

0.26

The correlation between TTWO and EWI shifts across timeframes, from 0.13 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Take-Two Interactive Software, Inc.

iShares MSCI Italy ETF

Often compared with TTWO:
TTWO vs. EATTWO vs. NVDATTWO vs. VOOTTWO vs. RBLXTTWO vs. MARTTWO vs. PVHTTWO vs. SAIA
Often compared with EWI:
EWI vs. SPYEWI vs. EWPEWI vs. EWQEWI vs. VOOEWI vs. FEZEWI vs. QQQEEWI vs. EIRL

Return for Risk

TTWO vs. EWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TTWO
TTWO Risk / Return Rank: 4141
Overall Rank
TTWO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
TTWO Sortino Ratio Rank: 3737
Sortino Ratio Rank
TTWO Omega Ratio Rank: 3838
Omega Ratio Rank
TTWO Calmar Ratio Rank: 4343
Calmar Ratio Rank
TTWO Martin Ratio Rank: 4242
Martin Ratio Rank
EWI
EWI Risk / Return Rank: 5454
Overall Rank
EWI Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
EWI Sortino Ratio Rank: 5252
Sortino Ratio Rank
EWI Omega Ratio Rank: 4949
Omega Ratio Rank
EWI Calmar Ratio Rank: 5656
Calmar Ratio Rank
EWI Martin Ratio Rank: 5858
Martin Ratio Rank
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.

TTWO vs. EWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Take-Two Interactive Software, Inc. (TTWO) and iShares MSCI Italy ETF (EWI). 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.

TTWOEWIDifference
Sharpe ratioReturn per unit of total volatility
0.01
1.75

-1.74

Sortino ratioReturn per unit of downside risk
0.23
2.42

-2.19

Omega ratioGain probability vs. loss probability

1.03

1.30

-0.27

Calmar ratioReturn relative to maximum drawdown

0.02

2.59

-2.57

Martin ratioReturn relative to average drawdown

0.03

9.64

-9.61

TTWO vs. EWI - Sharpe Ratio Comparison

The current TTWO Sharpe Ratio is 0.01, which is lower than the EWI Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of TTWO and EWI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TTWO vs. EWI - Drawdown Comparison

The maximum TTWO drawdown since its inception was -80.85%, which is greater than EWI's maximum drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for TTWO and EWI.

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Drawdown Indicators

TTWOEWIDifference

Max Drawdown

Largest peak-to-trough decline

-80.85%

-70.38%

-10.47%

Max Drawdown (1Y)

Largest decline over 1 year

-27.68%

-12.48%

-15.20%

Max Drawdown (3Y)

Largest decline over 3 years

-27.68%

-16.80%

-10.88%

Max Drawdown (5Y)

Largest decline over 5 years

-51.50%

-35.25%

-16.25%

Max Drawdown (10Y)

Largest decline over 10 years

-56.14%

-43.00%

-13.14%

Current Drawdown

Current decline from peak

-7.49%

-2.17%

-5.32%

Average Drawdown

Average peak-to-trough decline

-27.78%

-28.89%

+1.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.94%

3.34%

+9.60%

Volatility

TTWO vs. EWI - Volatility Comparison

Take-Two Interactive Software, Inc. (TTWO) has a higher volatility of 11.45% compared to iShares MSCI Italy ETF (EWI) at 5.76%. This indicates that TTWO's price experiences larger fluctuations and is considered to be riskier than EWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TTWOEWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.45%

5.76%

+5.69%

Volatility (6M)

Calculated over the trailing 6-month period

25.10%

15.40%

+9.70%

Volatility (1Y)

Calculated over the trailing 1-year period

30.29%

18.44%

+11.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.42%

21.16%

+11.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.08%

22.66%

+11.42%

Dividends

TTWO vs. EWI - Dividend Comparison

TTWO has not paid dividends to shareholders, while EWI's dividend yield for the trailing twelve months is around 3.16%.

PositionTTM20252024202320222021202020192018201720162015
EWI
iShares MSCI Italy ETF		3.16%2.80%4.07%3.40%4.57%2.63%1.66%3.80%4.71%2.19%3.64%2.31%
TTWO
Take-Two Interactive Software, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TTWO and EWI 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.

TTWO has higher volatility (11.45%) compared to EWI (5.76%). In terms of maximum drawdown, TTWO dropped -80.85% vs EWI's -70.38%.

EWI currently has the higher Sharpe Ratio (1.75 vs 0.01), 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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