EWG vs SPY
Comparison between ISHARES MSCI GERMANY ETF (EWG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EWG, delivering a return of +13.3% compared to +6.4%
EWG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWG
$1.40B
Winner
SPY
$652B
Expense Ratio
EWG
0.49%
Winner
SPY
0.09%
Max Drawdown
EWG
71.79%
Winner
SPY
56.47%
Sharpe Ratio
EWG
0.28
Winner
SPY
2.07
5Y Beta
Winner
EWG
0.76
SPY
1.00
P/E Ratio
EWG
N/A
SPY
28.24
Forward P/E
EWG
N/A
SPY
21.85
5Y Dividends CAGR
EWG
-7.77%
Winner
SPY
5.43%
5Y EPS CAGR
EWG
N/A
SPY
25.79%
Debt to Equity
EWG
N/A
SPY
22.35%
P/S Ratio
EWG
N/A
SPY
3.55
P/B Ratio
EWG
N/A
SPY
5.29
EWG vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EWG
+2.18%
Winner
SPY
+9.11%
3M
EWG
-3.77%
Winner
SPY
+6.59%
6M
EWG
+5.36%
Winner
SPY
+10.56%
1Y
EWG
+7.15%
Winner
SPY
+32.04%
5Y(CAGR)
EWG
+6.36%
Winner
SPY
+13.35%
10Y(CAGR)
EWG
+7.70%
Winner
SPY
+15.49%
Max(CAGR)
EWG
+5.04%
Winner
SPY
+8.50%
EWG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWG | SPY |
|---|---|---|
| 2026 | +0.21% | +8.27% |
| 2025 | +36.80% | +18.00% |
| 2024 | +11.13% | +25.59% |
| 2023 | +21.30% | +26.72% |
| 2022 | -23.09% | -18.64% |
| 2021 | +4.56% | +30.52% |
| 2020 | +8.31% | +17.28% |
| 2019 | +20.05% | +31.09% |
| 2018 | -21.94% | -5.24% |
| 2017 | +27.35% | +20.78% |
| 2016 | +6.15% | +13.59% |
| 2015 | -2.33% | +1.31% |
| 2014 | -9.06% | +14.56% |
| 2013 | +29.31% | +29.00% |
| 2012 | +26.80% | +14.17% |
| 2011 | -18.50% | +0.85% |
| 2010 | +6.05% | +13.14% |
| 2009 | +19.75% | +22.67% |
| 2008 | -43.40% | -36.25% |
| 2007 | +32.45% | +5.32% |
| 2006 | +31.12% | +13.85% |
| 2005 | +10.11% | +5.32% |
| 2004 | +15.29% | +10.75% |
| 2003 | +57.66% | +24.18% |
| 2002 | -34.04% | -22.42% |
| 2001 | -21.88% | -10.13% |
| 2000 | -16.65% | -8.84% |
| 1999 | +21.98% | +8.61% |
EWG vs SPY Drawdown Comparison
The maximum drawdown for EWG was -67.59%, occurring on Mar 12, 2003. Recovery took 1558 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EWG drawdown is -4.29%.
| Rank | EWG | SPY |
|---|---|---|
| #1 | -67.59% Feb 23, 2000 - May 5, 2006 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -63.11% Dec 10, 2007 - Dec 20, 2013 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -46.78% Jan 23, 2018 - Mar 11, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -43.38% Jun 7, 2021 - Sep 19, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.63% Jun 6, 2014 - May 4, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.58% May 10, 2006 - Oct 26, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.49% Mar 18, 2025 - Apr 25, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.54% Feb 26, 2026 - Mar 27, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.68% Jul 12, 2007 - Oct 1, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.10% Jul 9, 2025 - Jan 8, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.03% Jan 14, 2000 - Feb 8, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.51% Feb 26, 2007 - Mar 29, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.93% Sep 27, 2024 - Jan 21, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.62% Dec 31, 2013 - May 27, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.50% Oct 31, 2007 - Dec 10, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWG and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (1999 - 2026)
EWG vs SPY dividend yield comparison.
| Year | EWG | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 1.60% | 1.07% |
| 2024 | 2.38% | 1.21% |
| 2023 | 2.56% | 1.40% |
| 2022 | 3.24% | 1.65% |
| 2021 | 2.70% | 1.20% |
| 2020 | 1.67% | 1.52% |
| 2019 | 2.51% | 1.75% |
| 2018 | 2.93% | 2.04% |
| 2017 | 2.06% | 1.80% |
| 2016 | 2.35% | 2.03% |
| 2015 | 1.93% | 2.06% |
| 2014 | 2.30% | 1.87% |
| 2013 | 1.37% | 1.81% |
| 2012 | 2.35% | 2.18% |
| 2011 | 3.51% | 2.05% |
| 2010 | 1.19% | 1.80% |
| 2009 | 2.48% | 1.95% |
| 2008 | 6.36% | 3.02% |
| 2007 | 1.46% | 1.85% |
| 2006 | 1.88% | 1.73% |
| 2005 | 0.57% | 1.73% |
| 2004 | 1.04% | 1.82% |
| 2003 | 1.24% | 1.47% |
| 2002 | 1.24% | 1.70% |
| 2001 | 1.25% | 1.25% |
| 2000 | 12.98% | 1.15% |
| 1999 | 0.00% | 0.24% |
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