WAF.AX vs. EWA
Compare and contrast key facts about West African Resources Limited (WAF.AX) and iShares MSCI-Australia ETF (EWA).
EWA is a passively managed fund by iShares that tracks the performance of the MSCI Australia Index. It was launched on Mar 18, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAF.AX or EWA.
Key characteristics
| WAF.AX | EWA | |
|---|---|---|
| YTD Return | 62.43% | 8.59% |
| 1Y Return | 87.20% | 26.13% |
| 3Y Return (Ann) | 3.11% | 4.71% |
| 5Y Return (Ann) | 29.15% | 6.99% |
| 10Y Return (Ann) | 32.65% | 4.98% |
| Sharpe Ratio | 1.67 | 1.53 |
| Sortino Ratio | 2.04 | 2.20 |
| Omega Ratio | 1.29 | 1.27 |
| Calmar Ratio | 2.02 | 1.75 |
| Martin Ratio | 10.42 | 8.56 |
| Ulcer Index | 8.82% | 3.04% |
| Daily Std Dev | 54.83% | 17.01% |
| Max Drawdown | -92.31% | -66.98% |
| Current Drawdown | -16.58% | -4.35% |
Correlation
The correlation between WAF.AX and EWA is 0.21, 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
WAF.AX vs. EWA - Performance Comparison
In the year-to-date period, WAF.AX achieves a 62.43% return, which is significantly higher than EWA's 8.59% return. Over the past 10 years, WAF.AX has outperformed EWA with an annualized return of 32.65%, while EWA has yielded a comparatively lower 4.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
WAF.AX vs. EWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for West African Resources Limited (WAF.AX) and iShares MSCI-Australia ETF (EWA). 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
WAF.AX vs. EWA - Dividend Comparison
WAF.AX has not paid dividends to shareholders, while EWA's dividend yield for the trailing twelve months is around 3.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAF.AX West African Resources Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWA iShares MSCI-Australia ETF | 3.69% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% | 4.92% | 4.69% |
Drawdowns
WAF.AX vs. EWA - Drawdown Comparison
The maximum WAF.AX drawdown since its inception was -92.31%, which is greater than EWA's maximum drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for WAF.AX and EWA. For additional features, visit the drawdowns tool.
Volatility
WAF.AX vs. EWA - Volatility Comparison
West African Resources Limited (WAF.AX) has a higher volatility of 13.12% compared to iShares MSCI-Australia ETF (EWA) at 4.77%. This indicates that WAF.AX's price experiences larger fluctuations and is considered to be riskier than EWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.