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UMC vs. EWT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UMC and EWT is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

UMC vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United Microelectronics Corporation (UMC) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%250.00%300.00%JulyAugustSeptemberOctoberNovemberDecember
27.43%
276.32%
UMC
EWT

Key characteristics

Sharpe Ratio

UMC:

-0.37

EWT:

0.97

Sortino Ratio

UMC:

-0.35

EWT:

1.40

Omega Ratio

UMC:

0.96

EWT:

1.18

Calmar Ratio

UMC:

-0.31

EWT:

1.21

Martin Ratio

UMC:

-1.03

EWT:

4.33

Ulcer Index

UMC:

11.48%

EWT:

4.77%

Daily Std Dev

UMC:

32.13%

EWT:

21.36%

Max Drawdown

UMC:

-85.96%

EWT:

-64.26%

Current Drawdown

UMC:

-36.83%

EWT:

-7.87%

Returns By Period

In the year-to-date period, UMC achieves a -18.51% return, which is significantly lower than EWT's 13.85% return. Over the past 10 years, UMC has outperformed EWT with an annualized return of 16.40%, while EWT has yielded a comparatively lower 10.91% annualized return.


UMC

YTD

-18.51%

1M

-3.55%

6M

-22.10%

1Y

-13.50%

5Y*

25.84%

10Y*

16.40%

EWT

YTD

13.85%

1M

-2.32%

6M

-4.07%

1Y

18.27%

5Y*

12.17%

10Y*

10.91%

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Risk-Adjusted Performance

UMC vs. EWT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for United Microelectronics Corporation (UMC) and iShares MSCI Taiwan ETF (EWT). 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.


Sharpe ratio
The chart of Sharpe ratio for UMC, currently valued at -0.37, compared to the broader market-4.00-2.000.002.00-0.370.97
The chart of Sortino ratio for UMC, currently valued at -0.35, compared to the broader market-4.00-2.000.002.004.00-0.351.40
The chart of Omega ratio for UMC, currently valued at 0.96, compared to the broader market0.501.001.502.000.961.18
The chart of Calmar ratio for UMC, currently valued at -0.31, compared to the broader market0.002.004.006.00-0.311.21
The chart of Martin ratio for UMC, currently valued at -1.03, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.034.33
UMC
EWT

The current UMC Sharpe Ratio is -0.37, which is lower than the EWT Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of UMC and EWT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
-0.37
0.97
UMC
EWT

Dividends

UMC vs. EWT - Dividend Comparison

UMC's dividend yield for the trailing twelve months is around 7.09%, more than EWT's 0.37% yield.


TTM20232022202120202019201820172016201520142013
UMC
United Microelectronics Corporation
7.09%6.93%7.92%2.44%1.61%3.51%6.59%3.47%5.03%4.73%3.66%3.33%
EWT
iShares MSCI Taiwan ETF
0.37%12.01%18.82%2.64%1.83%2.49%3.16%2.81%2.39%3.12%1.93%1.82%

Drawdowns

UMC vs. EWT - Drawdown Comparison

The maximum UMC drawdown since its inception was -85.96%, which is greater than EWT's maximum drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for UMC and EWT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-36.83%
-7.87%
UMC
EWT

Volatility

UMC vs. EWT - Volatility Comparison

United Microelectronics Corporation (UMC) has a higher volatility of 6.54% compared to iShares MSCI Taiwan ETF (EWT) at 5.83%. This indicates that UMC's price experiences larger fluctuations and is considered to be riskier than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
6.54%
5.83%
UMC
EWT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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