EWS vs SPY
Comparison between ISHARES MSCI SINGAPORE ETF (EWS, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EWS, delivering a return of +13.0% compared to +12.0%
EWS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWS
$922M
Winner
SPY
$781B
Expense Ratio
EWS
0.50%
Winner
SPY
0.09%
Max Drawdown
EWS
66.92%
Winner
SPY
56.47%
Sharpe Ratio
EWS
1.07
Winner
SPY
1.25
5Y Beta
Winner
EWS
0.72
SPY
1.00
P/E Ratio
EWS
N/A
SPY
28.78
Forward P/E
EWS
N/A
SPY
21.23
5Y Dividends CAGR
Winner
EWS
13.93%
SPY
6.00%
5Y EPS CAGR
EWS
N/A
SPY
25.62%
Debt to Equity
EWS
N/A
SPY
31.92%
P/S Ratio
EWS
N/A
SPY
3.76
P/B Ratio
EWS
N/A
SPY
5.64
EWS vs SPY - Holdings Comparison
EWS and SPY have 1 common holdings. Overlap is -0.58%
EWS's top 25 holdings weight is 99.99%. SPY's top 25 holdings weight is 51.74%.
| Rank | EWS | SPY |
|---|---|---|
| #1 | DBS GROUP HOLDINGS LTD (n/a) - 23.63% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | OVERSEA-CHINESE BANKING CORP LTD (n/a) - 21.40% | APPLE INC (AAPL) - 7.37% |
| #3 | SEA LTD ADR (SE) - 5.12% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | UNITED OVERSEAS BANK LTD (n/a) - 4.78% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | SINGAPORE AIRLINES LTD (n/a) - 4.61% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | KEPPEL LTD (n/a) - 4.55% | BROADCOM INC (AVGO) - 2.86% |
| #7 | SINGAPORE EXCHANGE LTD (n/a) - 4.45% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | GRAB HOLDINGS LTD CLASS A (GRAB) - 4.44% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | CAPITALAND ASCENDAS REIT UNITS (n/a) - 4.07% | TESLA INC (TSLA) - 1.70% |
| #10 | WILMAR INTERNATIONAL LTD (n/a) - 4.02% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | SINGAPORE TECHNOLOGIES ENGINEERING LTD (n/a) - 3.93% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD (n/a) - 3.68% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | SINGAPORE TELECOMMUNICATIONS LTD (n/a) - 3.63% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | SEMBCORP INDUSTRIES LTD (n/a) - 3.32% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | CAPITALAND INTEGRATED COMMERCIAL TRUST (n/a) - 2.98% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | CAPITALAND INVESTMENT LTD (n/a) - 1.18% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | SGD/USD PURCHASED (n/a) - 0.58% | VISA INC CLASS A (V) - 0.90% |
| #18 | USD CASH (n/a) - 0.57% | WALMART INC (WMT) - 0.76% |
| #19 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.06% | INTEL CORP (INTC) - 0.75% |
| #20 | CASH OFFSET (n/a) - 0.00% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | MSCI SING IX ETS JUL 26 (n/a) - 0.00% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | SGD CASH (n/a) - -0.43% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | SGD/USD SOLD (n/a) - -0.58% | ABBVIE INC (ABBV) - 0.66% |
| #24 | N/A | CATERPILLAR INC (CAT) - 0.65% |
| #25 | N/A | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 23 | 505 |
EWS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EWS
+6.11%
SPY
+0.52%
3M
Winner
EWS
+11.41%
SPY
+6.55%
6M
Winner
EWS
+15.32%
SPY
+9.76%
1Y
Winner
EWS
+21.38%
SPY
+20.32%
5Y(CAGR)
EWS
+11.96%
Winner
SPY
+13.01%
10Y(CAGR)
EWS
+8.31%
Winner
SPY
+15.06%
Max(CAGR)
EWS
+6.43%
Winner
SPY
+8.50%
EWS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWS | SPY |
|---|---|---|
| 2026 | +15.94% | +10.11% |
| 2025 | +31.94% | +18.00% |
| 2024 | +24.23% | +25.59% |
| 2023 | +6.17% | +26.72% |
| 2022 | -9.96% | -18.64% |
| 2021 | +5.17% | +30.52% |
| 2020 | -9.65% | +17.28% |
| 2019 | +14.53% | +31.09% |
| 2018 | -13.04% | -5.24% |
| 2017 | +33.47% | +20.78% |
| 2016 | +3.00% | +13.59% |
| 2015 | -17.65% | +1.31% |
| 2014 | +4.34% | +14.56% |
| 2013 | -1.46% | +29.00% |
| 2012 | +27.44% | +14.17% |
| 2011 | -19.19% | +0.85% |
| 2010 | +21.82% | +13.14% |
| 2009 | +63.31% | +22.67% |
| 2008 | -44.90% | -36.25% |
| 2007 | +25.64% | +5.32% |
| 2006 | +41.84% | +13.85% |
| 2005 | +15.87% | +5.32% |
| 2004 | +20.71% | +10.75% |
| 2003 | +39.43% | +24.18% |
| 2002 | -13.91% | -22.42% |
| 2001 | -19.35% | -10.13% |
| 2000 | -27.36% | -8.84% |
| 1999 | +15.13% | +8.61% |
EWS vs SPY Drawdown Comparison
The maximum drawdown for EWS was -63.77%, occurring on Mar 9, 2009. Recovery took 773 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EWS drawdown is -1.50%. The current SPY drawdown is -1.24%.
| Rank | EWS | SPY |
|---|---|---|
| #1 | -63.77% Oct 9, 2007 - Nov 2, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -57.46% Dec 29, 1999 - Aug 2, 2005 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.84% Jan 24, 2018 - Sep 11, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -32.53% Jul 24, 2014 - Oct 27, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.06% Aug 1, 2011 - Dec 14, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.10% May 8, 2006 - Oct 12, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -16.34% Mar 27, 2025 - Apr 30, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.50% Jul 12, 2007 - Sep 19, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.32% May 8, 2013 - Jul 22, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.90% Feb 26, 2007 - Apr 3, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.43% Nov 9, 2010 - Apr 14, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.27% Aug 2, 2005 - Jan 3, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.96% Apr 29, 2011 - Jul 22, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.82% Feb 20, 2026 - May 20, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.29% Oct 7, 2025 - Jan 6, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWS and SPY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (1999 - 2026)
EWS vs SPY dividend yield comparison.
| Year | EWS | SPY |
|---|---|---|
| 2026 | 1.63% | 0.49% |
| 2025 | 4.10% | 1.07% |
| 2024 | 4.28% | 1.21% |
| 2023 | 6.50% | 1.40% |
| 2022 | 2.56% | 1.65% |
| 2021 | 6.00% | 1.20% |
| 2020 | 2.68% | 1.52% |
| 2019 | 4.70% | 1.75% |
| 2018 | 4.21% | 2.04% |
| 2017 | 3.46% | 1.80% |
| 2016 | 3.96% | 2.03% |
| 2015 | 4.20% | 2.06% |
| 2014 | 3.35% | 1.87% |
| 2013 | 3.77% | 1.81% |
| 2012 | 3.96% | 2.18% |
| 2011 | 4.30% | 2.05% |
| 2010 | 3.06% | 1.80% |
| 2009 | 2.80% | 1.95% |
| 2008 | 5.98% | 3.02% |
| 2007 | 3.69% | 1.85% |
| 2006 | 2.76% | 1.73% |
| 2005 | 3.68% | 1.73% |
| 2004 | 3.85% | 1.82% |
| 2003 | 1.98% | 1.47% |
| 2002 | 1.82% | 1.70% |
| 2001 | 1.42% | 1.25% |
| 2000 | 4.43% | 1.15% |
| 1999 | 1.02% | 0.24% |
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