EWT vs SPY

Comparison between ISHARES MSCI TAIWAN ETF (EWT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceEWT has outperformed SPY, delivering a return of +15.7% compared to +13.3%

EWT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWT(ETF)	SPY(ETF)
Net Assets	$7.20B	$652B
Expense Ratio	0.59%	0.09%
Max Drawdown	66.98%	56.47%
Sharpe Ratio	2.88	2.07
5Y Beta	1.10	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	17.83%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

EWT

$7.20B

Winner

SPY

$652B

Expense Ratio

EWT

0.59%

Winner

SPY

0.09%

Max Drawdown

EWT

66.98%

Winner

SPY

56.47%

Sharpe Ratio

Winner

EWT

2.88

SPY

2.07

5Y Beta

EWT

1.10

Winner

SPY

1.00

P/E Ratio

EWT

N/A

SPY

28.24

Forward P/E

EWT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

EWT

17.83%

SPY

5.43%

5Y EPS CAGR

EWT

N/A

SPY

25.79%

Debt to Equity

EWT

N/A

SPY

22.35%

P/S Ratio

EWT

N/A

SPY

3.55

P/B Ratio

EWT

N/A

SPY

5.29

EWT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	EWT	SPY
1 month	+25.86%	+9.11%
3 months	+35.83%	+6.59%
6 months	+55.61%	+10.56%
1 year	+96.52%	+32.04%
5 years(CAGR)	+15.73%	+13.35%
10 years(CAGR)	+19.79%	+15.49%
Max(CAGR)	+6.90%	+8.50%

Winner

EWT

+25.86%

SPY

+9.11%

Winner

EWT

+35.83%

SPY

+6.59%

Winner

EWT

+55.61%

SPY

+10.56%

Winner

EWT

+96.52%

SPY

+32.04%

5Y(CAGR)

Winner

EWT

+15.73%

SPY

+13.35%

10Y(CAGR)

Winner

EWT

+19.79%

SPY

+15.49%

Max(CAGR)

EWT

+6.90%

Winner

SPY

+8.50%

EWT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWT	SPY
2026	+48.39%	+8.27%
2025	+29.45%	+18.00%
2024	+18.86%	+25.59%
2023	+23.87%	+26.72%
2022	-29.44%	-18.64%
2021	+24.57%	+30.52%
2020	+29.83%	+17.28%
2019	+34.78%	+31.09%
2018	-11.37%	-5.24%
2017	+25.27%	+20.78%
2016	+21.43%	+13.59%
2015	-11.88%	+1.31%
2014	+9.67%	+14.56%
2013	+6.29%	+29.00%
2012	+17.35%	+14.17%
2011	-22.42%	+0.85%
2010	+19.35%	+13.14%
2009	+69.07%	+22.67%
2008	-43.19%	-36.25%
2007	+4.75%	+5.32%
2006	+14.69%	+13.85%
2005	+6.29%	+5.32%
2004	+4.14%	+10.75%
2003	+35.85%	+24.18%
2002	-26.24%	-22.42%
2001	+1.41%	-10.13%
2000	-42.87%	-8.84%
1999	N/A	+8.61%

EWT vs SPY Drawdown Comparison

The maximum drawdown for EWT was -64.35%, occurring on Oct 7, 2002. Recovery took 1831 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	EWT	SPY
#1	-64.35% Jul 17, 2000 - Oct 29, 2007	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-62.92% Oct 29, 2007 - Jan 26, 2011	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-38.88% Jan 4, 2022 - Jun 14, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-31.35% Apr 27, 2015 - Feb 10, 2017	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-29.49% Jan 13, 2020 - Jul 6, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-29.06% Feb 7, 2011 - Apr 17, 2014	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-25.65% Jul 10, 2024 - Jun 10, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-20.51% Jan 22, 2018 - Oct 17, 2019	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-12.98% Apr 29, 2021 - Sep 3, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-11.12% Aug 27, 2014 - Apr 23, 2015	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-10.51% Feb 25, 2026 - Apr 13, 2026	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.16% Sep 3, 2021 - Nov 17, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-8.12% Oct 29, 2025 - Jan 2, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-6.22% Nov 24, 2017 - Jan 5, 2018	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-6.14% Oct 8, 2025 - Oct 20, 2025	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EWT and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (1999 - 2026)

EWT vs SPY dividend yield comparison.

Year	EWT	SPY
2026	0.00%	0.24%
2025	4.43%	1.07%
2024	3.32%	1.21%
2023	8.12%	1.40%
2022	18.82%	1.65%
2021	0.55%	1.20%
2020	1.83%	1.52%
2019	2.49%	1.75%
2018	3.16%	2.04%
2017	2.81%	1.80%
2016	2.39%	2.03%
2015	3.12%	2.06%
2014	1.93%	1.87%
2013	1.82%	1.81%
2012	1.99%	2.18%
2011	4.04%	2.05%
2010	1.86%	1.80%
2009	1.60%	1.95%
2008	7.93%	3.02%
2007	2.60%	1.85%
2006	2.08%	1.73%
2005	1.09%	1.73%
2004	0.66%	1.82%
2003	0.19%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	8.12%	1.15%
1999	0.00%	0.24%