CAF vs EWD

Comparison between Morgan Stanley China A Share Fund Inc (CAF, ETF) and ISHARES MSCI SWEDEN ETF (EWD, ETF).

5-Year PerformanceEWD has outperformed CAF, delivering a return of +4.3% compared to -1.3%

CAF vs EWD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CAF(ETF)	EWD(ETF)
Net Assets	$320M	$320M
Expense Ratio	N/A	0.51%
Max Drawdown	84.15%	79.94%
Sharpe Ratio	1.92	0.68
5Y Beta	0.39	0.85
5Y Dividends CAGR	-39.05%	14.87%

Net Assets

CAF

$320M

EWD

$320M

Expense Ratio

CAF

N/A

EWD

0.51%

Max Drawdown

CAF

84.15%

Winner

EWD

79.94%

Sharpe Ratio

Winner

CAF

1.92

EWD

0.68

5Y Beta

Winner

CAF

0.39

EWD

0.85

5Y Dividends CAGR

CAF

-39.05%

Winner

EWD

14.87%

CAF vs EWD - Historical Returns

Returns include dividend reinvestment.

Period	CAF	EWD
1 month	-2.01%	+1.85%
3 months	+9.80%	+2.22%
6 months	+14.79%	+5.90%
1 year	+46.92%	+16.19%
5 years(CAGR)	-1.29%	+4.28%
10 years(CAGR)	+6.01%	+9.89%
Max(CAGR)	+9.05%	+6.68%

CAF

-2.01%

Winner

EWD

+1.85%

Winner

CAF

+9.80%

EWD

+2.22%

Winner

CAF

+14.79%

EWD

+5.90%

Winner

CAF

+46.92%

EWD

+16.19%

5Y(CAGR)

CAF

-1.29%

Winner

EWD

+4.28%

10Y(CAGR)

CAF

+6.01%

Winner

EWD

+9.89%

Max(CAGR)

Winner

CAF

+9.05%

EWD

+6.68%

CAF vs EWD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CAF	EWD
2026	+9.00%	+4.13%
2025	+42.50%	+36.16%
2024	+0.52%	-1.94%
2023	-9.64%	+23.68%
2022	-31.42%	-28.45%
2021	-2.55%	+21.34%
2020	+10.91%	+18.94%
2019	+24.02%	+23.80%
2018	-15.74%	-13.43%
2017	+41.08%	+21.04%
2016	-7.41%	+4.52%
2015	+12.06%	-3.90%
2014	+38.76%	-5.97%
2013	-4.11%	+21.95%
2012	+32.20%	+19.94%
2011	-29.66%	-18.22%
2010	-8.64%	+31.31%
2009	+59.50%	+48.46%
2008	-49.62%	-46.58%
2007	+89.68%	-2.28%
2006	+54.38%	+38.19%
2005	N/A	+9.32%
2004	N/A	+34.96%
2003	N/A	+57.95%
2002	N/A	-31.32%
2001	N/A	-22.76%
2000	N/A	-27.76%
1999	N/A	+27.13%

CAF vs EWD Drawdown Comparison

The maximum drawdown for CAF was -66.21%, occurring on Nov 6, 2008. Recovery took 1892 trading sessions.

The maximum drawdown for EWD was -75.34%, occurring on Oct 9, 2002. Recovery took 1668 trading sessions.

The current CAF drawdown is -8.10%. The current EWD drawdown is -5.61%.

Rank	CAF	EWD
#1	-66.21% Sep 27, 2007 - Apr 6, 2015	-75.34% Mar 3, 2000 - Oct 20, 2006
#2	-49.04% Jun 1, 2021 - Jul 30, 2024	-68.10% Jul 12, 2007 - Apr 21, 2011
#3	-39.21% Jun 11, 2015 - May 16, 2017	-42.26% Aug 13, 2021 - Feb 18, 2025
#4	-33.95% Jan 26, 2018 - Dec 14, 2020	-37.22% Feb 12, 2020 - Jul 17, 2020
#5	-18.59% Jan 3, 2007 - Apr 3, 2007	-36.19% May 2, 2011 - Mar 7, 2013
#6	-13.35% Aug 13, 2007 - Aug 22, 2007	-25.57% May 21, 2014 - May 2, 2017
#7	-11.69% May 7, 2007 - Jun 14, 2007	-23.30% Jan 24, 2018 - Jan 2, 2020
#8	-10.34% Apr 27, 2015 - May 26, 2015	-17.84% Mar 7, 2025 - May 13, 2025
#9	-9.52% Jun 20, 2017 - Sep 7, 2017	-14.49% Feb 27, 2026 - Mar 20, 2026
#10	-7.52% Jun 19, 2007 - Jul 11, 2007	-12.59% May 21, 2013 - Jul 23, 2013
#11	-7.09% Sep 6, 2007 - Sep 18, 2007	-9.09% Feb 26, 2007 - Mar 21, 2007
#12	-6.85% Aug 27, 2007 - Aug 31, 2007	-8.75% May 7, 2007 - Jul 6, 2007
#13	-6.61% Oct 5, 2006 - Nov 29, 2006	-8.18% Oct 12, 2020 - Nov 6, 2020
#14	-5.76% Jan 5, 2021 - Feb 16, 2021	-8.16% Sep 18, 2013 - Dec 30, 2013
#15	-5.58% Oct 26, 2017 - Dec 26, 2017	-7.82% Oct 27, 2025 - Dec 10, 2025

Correlation

Correlation between CAF and EWD is 0.71 which considered as a strong positive correlation - the stocks tend to move together.

0.71

-101

Dividend Comparison (1999 - 2025)

CAF vs EWD dividend yield comparison.

Year	CAF	EWD
2025	1.51%	3.27%
2024	2.63%	1.77%
2023	0.96%	2.41%
2022	0.02%	3.68%
2021	6.57%	5.46%
2020	10.40%	0.98%
2019	3.78%	4.15%
2018	9.48%	5.17%
2017	5.20%	3.23%
2016	4.69%	3.91%
2015	67.03%	4.08%
2014	5.66%	3.92%
2013	0.47%	3.47%
2012	8.48%	3.03%
2011	1.90%	4.13%
2010	6.30%	1.77%
2009	13.59%	2.13%
2008	28.65%	8.23%
2007	19.01%	3.61%
2006	0.00%	1.05%
2005	0.00%	1.85%
2004	0.00%	0.70%
2003	0.00%	1.58%
2002	0.00%	1.28%
2001	0.00%	0.35%
2000	0.00%	30.15%
1999	0.00%	3.42%