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WHC.AX vs. EWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WHC.AX vs. EWZ

Last updated Jul 21, 2026
Documentation

WHC.AX (Whitehaven Coal Limited) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 10 years, WHC.AX returned 20.41%/yr vs 6.78%/yr for EWZ. At a 0.05 correlation, their price movements are largely independent.

Performance

WHC.AX vs. EWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Whitehaven Coal Limited (WHC.AX) and iShares MSCI Brazil ETF (EWZ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WHC.AX is traded in AUD, while EWZ is traded in USD. To make them comparable, the EWZ values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WHC.AX achieves a -1.18% return, which is significantly lower than EWZ's 7.40% return. Over the past 10 years, WHC.AX has outperformed EWZ with an annualized return of 20.41%, while EWZ has yielded a comparatively lower 6.78% annualized return.

WHC.AX

1D
-0.13%
1M
-6.62%
6M
-12.97%
YTD
-1.18%
1Y
25.26%
3Y*
7.18%
5Y*
34.42%
10Y*
20.41%
ALL TIME*
10.41%

EWZ

1D
0.39%
1M
5.37%
6M
3.03%
YTD
7.40%
1Y
28.28%
3Y*
7.14%
5Y*
7.28%
10Y*
6.78%
ALL TIME*
2.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WHC.AX vs. EWZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WHC.AX
Whitehaven Coal Limited		-1.18%28.12%-14.11%-12.00%290.12%58.18%-37.05%-32.48%-0.42%70.88%
EWZ
iShares MSCI Brazil ETF		7.40%38.00%-23.41%32.72%19.50%-12.47%-27.35%28.26%7.93%14.20%

Correlation

The correlation between WHC.AX and EWZ is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.04

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

0.06

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

0.03

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

0.01

Correlation (All Time)
Calculated using the full available price history since Aug 24, 2007

0.05

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Whitehaven Coal Limited

iShares MSCI Brazil ETF

Often compared with WHC.AX:
WHC.AX vs. 1898.HKWHC.AX vs. BMAWHC.AX vs. 1171.HKWHC.AX vs. 2343.HKWHC.AX vs. DHTWHC.AX vs. CNRWHC.AX vs. ECNS
Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT

Return for Risk

WHC.AX vs. EWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WHC.AX
WHC.AX Risk / Return Rank: 6161
Overall Rank
WHC.AX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
WHC.AX Sortino Ratio Rank: 5959
Sortino Ratio Rank
WHC.AX Omega Ratio Rank: 5858
Omega Ratio Rank
WHC.AX Calmar Ratio Rank: 6262
Calmar Ratio Rank
WHC.AX Martin Ratio Rank: 6464
Martin Ratio Rank
EWZ
EWZ Risk / Return Rank: 5454
Overall Rank
EWZ Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 5858
Sortino Ratio Rank
EWZ Omega Ratio Rank: 5757
Omega Ratio Rank
EWZ Calmar Ratio Rank: 5252
Calmar Ratio Rank
EWZ Martin Ratio Rank: 4242
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.

WHC.AX vs. EWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Whitehaven Coal Limited (WHC.AX) 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.

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.

WHC.AXEWZDifference
Sharpe ratioReturn per unit of total volatility
0.52
1.35

-0.83

Sortino ratioReturn per unit of downside risk
0.99
1.90

-0.91

Omega ratioGain probability vs. loss probability

1.12

1.24

-0.13

Calmar ratioReturn relative to maximum drawdown

0.72

1.55

-0.83

Martin ratioReturn relative to average drawdown

1.76

4.01

-2.25

WHC.AX vs. EWZ - Sharpe Ratio Comparison

The current WHC.AX Sharpe Ratio is 0.52, which is lower than the EWZ Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of WHC.AX and EWZ, 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

WHC.AX vs. EWZ - Drawdown Comparison

The maximum WHC.AX drawdown since its inception was -94.30%, which is greater than EWZ's maximum drawdown of -68.88%. Use the drawdown chart below to compare losses from any high point for WHC.AX and EWZ.

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Drawdown Indicators

WHC.AXEWZDifference

Max Drawdown

Largest peak-to-trough decline

-94.30%

-68.88%

-25.42%

Max Drawdown (1Y)

Largest decline over 1 year

-27.74%

-18.38%

-9.36%

Max Drawdown (3Y)

Largest decline over 3 years

-49.86%

-25.23%

-24.63%

Max Drawdown (5Y)

Largest decline over 5 years

-53.71%

-27.41%

-26.30%

Max Drawdown (10Y)

Largest decline over 10 years

-83.59%

-50.72%

-32.87%

Current Drawdown

Current decline from peak

-22.56%

-12.70%

-9.86%

Average Drawdown

Average peak-to-trough decline

-41.84%

-29.39%

-12.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.30%

7.06%

+4.24%

Volatility

WHC.AX vs. EWZ - Volatility Comparison

Whitehaven Coal Limited (WHC.AX) has a higher volatility of 10.56% compared to iShares MSCI Brazil ETF (EWZ) at 5.01%. This indicates that WHC.AX's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WHC.AXEWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.56%

5.01%

+5.55%

Volatility (6M)

Calculated over the trailing 6-month period

31.28%

16.16%

+15.12%

Volatility (1Y)

Calculated over the trailing 1-year period

38.04%

21.06%

+16.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.72%

24.42%

+19.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.26%

31.16%

+15.10%

Dividends

WHC.AX vs. EWZ - Dividend Comparison

WHC.AX's dividend yield for the trailing twelve months is around 1.31%, less than EWZ's 4.13% yield.

PositionTTM20252024202320222021202020192018201720162015
EWZ
iShares MSCI Brazil ETF		4.13%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%
WHC.AX
Whitehaven Coal Limited		1.31%1.94%3.23%9.95%5.10%0.00%0.91%13.26%3.24%0.00%0.00%0.00%

Frequently Asked Questions

WHC.AX and EWZ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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