EWH vs SPY
Comparison between ISHARES MSCI HONG KONG ETF (EWH, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EWH, delivering a return of +13.3% compared to -0.8%
EWH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWH
$927M
Winner
SPY
$735B
Expense Ratio
EWH
0.50%
Winner
SPY
0.09%
Max Drawdown
EWH
64.69%
Winner
SPY
56.47%
Sharpe Ratio
EWH
0.88
Winner
SPY
1.62
5Y Beta
Winner
EWH
0.55
SPY
1.00
P/E Ratio
EWH
N/A
SPY
28.99
Forward P/E
EWH
N/A
SPY
22.37
5Y Dividends CAGR
Winner
EWH
11.55%
SPY
5.43%
5Y EPS CAGR
EWH
N/A
SPY
26.05%
Debt to Equity
EWH
N/A
SPY
32.40%
P/S Ratio
EWH
N/A
SPY
3.74
P/B Ratio
EWH
N/A
SPY
5.61
EWH vs SPY - Holdings Comparison
EWH and SPY have 1 common holdings. Overlap is -0.09%
EWH's top 25 holdings weight is 98.42%. SPY's top 25 holdings weight is 52.37%.
| Rank | EWH | SPY |
|---|---|---|
| #1 | AIA GROUP LTD (n/a) - 23.27% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | HONG KONG EXCHANGES AND CLEARING LTD (n/a) - 14.75% | APPLE INC (AAPL) - 7.02% |
| #3 | CK HUTCHISON HOLDINGS LTD (n/a) - 5.93% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | BOC HONG KONG HOLDINGS LTD (n/a) - 4.82% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | SUN HUNG KAI PROPERTIES LTD (n/a) - 4.50% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | TECHTRONIC INDUSTRIES CO LTD (n/a) - 4.27% | BROADCOM INC (AVGO) - 3.10% |
| #7 | CLP HOLDINGS LTD (n/a) - 3.93% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | LINK REAL ESTATE INVESTMENT TRUST (n/a) - 3.49% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | CK ASSET HOLDINGS LTD (n/a) - 3.15% | TESLA INC (TSLA) - 1.89% |
| #10 | POWER ASSETS HOLDINGS LTD (n/a) - 2.94% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | HONG KONG AND CHINA GAS CO LTD (n/a) - 2.68% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | WH GROUP LTD SHS UNITARY 144A/REG S (n/a) - 2.52% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | JARDINE MATHESON HOLDINGS LTD (n/a) - 2.42% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | GALAXY ENTERTAINMENT GROUP LTD (n/a) - 2.23% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | FUTU HOLDINGS LTD ADR (FUTU) - 1.87% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | MTR CORP LTD (n/a) - 1.79% | INTEL CORP (INTC) - 0.90% |
| #17 | HONGKONG LAND HOLDINGS LTD (n/a) - 1.71% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | HKT TRUST AND HKT LTD (n/a) - 1.70% | VISA INC CLASS A (V) - 0.85% |
| #19 | SITC INTERNATIONAL HOLDINGS CO LTD (n/a) - 1.67% | WALMART INC (WMT) - 0.81% |
| #20 | HENDERSON LAND DEVELOPMENT CO LTD (n/a) - 1.67% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | SINO LAND CO LTD (n/a) - 1.62% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | CK INFRASTRUCTURE HOLDINGS LTD (n/a) - 1.50% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | WHARF REAL ESTATE INVESTMENT CO LTD (n/a) - 1.49% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | SANDS CHINA LTD SHS UNITARY 144A/REG S (n/a) - 1.31% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | SWIRE PACIFIC LTD CLASS A (n/a) - 1.19% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 35 | 505 |
EWH vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EWH
-7.97%
Winner
SPY
+1.90%
3M
EWH
-5.75%
Winner
SPY
+8.55%
6M
EWH
+2.17%
Winner
SPY
+8.18%
1Y
EWH
+18.11%
Winner
SPY
+25.79%
5Y(CAGR)
EWH
-0.82%
Winner
SPY
+13.32%
10Y(CAGR)
EWH
+4.37%
Winner
SPY
+15.19%
Max(CAGR)
EWH
+5.29%
Winner
SPY
+8.47%
EWH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWH | SPY |
|---|---|---|
| 2026 | -0.23% | +8.26% |
| 2025 | +36.63% | +18.00% |
| 2024 | +2.64% | +25.59% |
| 2023 | -15.86% | +26.72% |
| 2022 | -7.14% | -18.64% |
| 2021 | -4.45% | +30.52% |
| 2020 | +1.72% | +17.28% |
| 2019 | +11.90% | +31.09% |
| 2018 | -9.76% | -5.24% |
| 2017 | +34.29% | +20.78% |
| 2016 | +3.60% | +13.59% |
| 2015 | -1.08% | +1.31% |
| 2014 | +4.37% | +14.56% |
| 2013 | +7.04% | +29.00% |
| 2012 | +26.50% | +14.17% |
| 2011 | -18.11% | +0.85% |
| 2010 | +21.01% | +13.14% |
| 2009 | +49.07% | +22.67% |
| 2008 | -49.97% | -36.25% |
| 2007 | +38.02% | +5.32% |
| 2006 | +27.58% | +13.85% |
| 2005 | +8.09% | +5.32% |
| 2004 | +21.09% | +10.75% |
| 2003 | +34.28% | +24.18% |
| 2002 | -18.23% | -22.42% |
| 2001 | -16.40% | -10.13% |
| 2000 | -17.60% | -8.84% |
| 1999 | +19.86% | +8.61% |
EWH vs SPY Drawdown Comparison
The maximum drawdown for EWH was -63.58%, occurring on Nov 20, 2008. Recovery took 1318 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EWH drawdown is -11.12%. The current SPY drawdown is -2.90%.
| Rank | EWH | SPY |
|---|---|---|
| #1 | -63.58% Oct 29, 2007 - Jan 24, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -51.00% Dec 27, 1999 - Jul 18, 2005 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.67% May 28, 2021 - Jan 27, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.09% Apr 5, 2019 - Jan 15, 2021 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -29.54% May 22, 2015 - May 10, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.71% Jan 26, 2018 - Mar 29, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.92% May 8, 2006 - Nov 2, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.14% May 21, 2013 - Oct 11, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.13% Jan 23, 2007 - May 4, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.56% Aug 20, 2014 - Apr 8, 2015 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.44% Jul 23, 2007 - Sep 4, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.12% May 13, 2026 - Jun 5, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.54% Sep 29, 2005 - Jan 9, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.93% Jan 17, 2014 - Apr 9, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.81% Feb 27, 2026 - May 6, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWH and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.
0.78
-101
Dividend Comparison (1999 - 2026)
EWH vs SPY dividend yield comparison.
| Year | EWH | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 5.20% | 1.07% |
| 2024 | 4.17% | 1.21% |
| 2023 | 4.28% | 1.40% |
| 2022 | 2.91% | 1.65% |
| 2021 | 2.78% | 1.20% |
| 2020 | 2.56% | 1.52% |
| 2019 | 2.71% | 1.75% |
| 2018 | 2.93% | 2.04% |
| 2017 | 4.35% | 1.80% |
| 2016 | 3.08% | 2.03% |
| 2015 | 2.63% | 2.06% |
| 2014 | 3.52% | 1.87% |
| 2013 | 2.96% | 1.81% |
| 2012 | 2.59% | 2.18% |
| 2011 | 2.66% | 2.05% |
| 2010 | 2.36% | 1.80% |
| 2009 | 2.44% | 1.95% |
| 2008 | 5.92% | 3.02% |
| 2007 | 1.73% | 1.85% |
| 2006 | 1.94% | 1.73% |
| 2005 | 2.84% | 1.73% |
| 2004 | 2.25% | 1.82% |
| 2003 | 1.51% | 1.47% |
| 2002 | 1.92% | 1.70% |
| 2001 | 2.55% | 1.25% |
| 2000 | 2.35% | 1.15% |
| 1999 | 0.92% | 0.24% |
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