UAE vs. EWZ
Compare and contrast key facts about iShares MSCI UAE ETF (UAE) and iShares MSCI Brazil ETF (EWZ).
UAE and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UAE is a passively managed fund by iShares that tracks the performance of the MSCI All UAE Capped Index. It was launched on Apr 29, 2014. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both UAE and EWZ 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: UAE or EWZ.
Key characteristics
| UAE | EWZ | |
|---|---|---|
| YTD Return | -1.88% | -7.58% |
| 1Y Return | -0.50% | 23.90% |
| 3Y Return (Ann) | 5.95% | 6.15% |
| 5Y Return (Ann) | 2.99% | 1.39% |
| 10Y Return (Ann) | -1.92% | 0.33% |
| Sharpe Ratio | -0.02 | 1.08 |
| Daily Std Dev | 15.08% | 22.46% |
| Max Drawdown | -60.44% | -77.27% |
| Current Drawdown | -20.24% | -37.90% |
Correlation
The correlation between UAE and EWZ is 0.32, 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
UAE vs. EWZ - Performance Comparison
In the year-to-date period, UAE achieves a -1.88% return, which is significantly higher than EWZ's -7.58% return. Over the past 10 years, UAE has underperformed EWZ with an annualized return of -1.92%, while EWZ has yielded a comparatively higher 0.33% 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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UAE vs. EWZ - Expense Ratio Comparison
Both UAE and EWZ have an expense ratio of 0.59%.
Risk-Adjusted Performance
UAE vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) and iShares MSCI Brazil ETF (EWZ). 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
UAE vs. EWZ - Dividend Comparison
UAE's dividend yield for the trailing twelve months is around 3.31%, less than EWZ's 6.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAE iShares MSCI UAE ETF | 3.31% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% | 2.58% | 0.00% |
EWZ iShares MSCI Brazil ETF | 6.12% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.07% | 3.77% | 3.22% |
Drawdowns
UAE vs. EWZ - Drawdown Comparison
The maximum UAE drawdown since its inception was -60.44%, smaller than the maximum EWZ drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for UAE and EWZ. For additional features, visit the drawdowns tool.
Volatility
UAE vs. EWZ - Volatility Comparison
The current volatility for iShares MSCI UAE ETF (UAE) is 5.07%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 7.34%. This indicates that UAE experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.