EWX vs EQL
Comparison between STATE STREET(R) SPDR(R) S&P(R) EMERGING MARKETS SMALL CAP ETF (EWX, ETF) and ALPS EQUAL SECTOR WEIGHT ETF (EQL, ETF).
5-Year PerformanceEQL has outperformed EWX, delivering a return of +10.8% compared to +5.6%
EWX vs EQL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
EWX
$733M
EQL
$733M
Expense Ratio
EWX
0.65%
Winner
EQL
0.19%
Max Drawdown
EWX
63.90%
Winner
EQL
36.36%
Sharpe Ratio
EWX
0.53
Winner
EQL
1.28
5Y Beta
Winner
EWX
0.65
EQL
0.69
P/E Ratio
EWX
N/A
EQL
27.81
Forward P/E
EWX
N/A
EQL
20.95
5Y Dividends CAGR
Winner
EWX
9.05%
EQL
8.44%
5Y EPS CAGR
EWX
N/A
EQL
18.51%
Debt to Equity
EWX
N/A
EQL
42.29%
P/S Ratio
EWX
N/A
EQL
2.73
P/B Ratio
EWX
N/A
EQL
4.03
EWX vs EQL - Holdings Comparison
EWX and EQL have 1 common holdings. Overlap is 0.00%
EWX's top 25 holdings weight is 6.38%. EQL's top 25 holdings weight is 37.33%.
| Rank | EWX | EQL |
|---|---|---|
| #1 | n/a (n/a) - 1.21% | ALPHABET INC CLASS A (GOOGL) - 5.40% |
| #2 | n/a (n/a) - 0.98% | AMAZON.COM INC (AMZN) - 3.64% |
| #3 | GULF NAVIGATION HOLDING PJSC (n/a) - 0.23% | EXXONMOBIL HOLDINGS CORP (XOM) - 2.54% |
| #4 | PAN AFRICAN RESOURCES PLC (PAFRF) - 0.22% | META PLATFORMS INC CLASS A (META) - 2.00% |
| #5 | INARI AMERTRON BHD (n/a) - 0.20% | LINDE PLC (LIN) - 1.88% |
| #6 | REDEFINE PROPERTIES LTD (n/a) - 0.19% | NVIDIA CORP (NVDA) - 1.84% |
| #7 | ADVANCED ECHEM MATERIALS CO LTD (n/a) - 0.19% | APPLE INC (AAPL) - 1.80% |
| #8 | LINGBAO GOLD GROUP CO LTD CLASS H (n/a) - 0.19% | TESLA INC (TSLA) - 1.68% |
| #9 | PRECISION TSUGAMI (CHINA) CORP LTD (n/a) - 0.18% | ELI LILLY AND CO (LLY) - 1.53% |
| #10 | BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 0.18% | CHEVRON CORP (CVX) - 1.53% |
| #11 | ORBIA ADVANCE CORP SAB DE CV (n/a) - 0.18% | WALMART INC (WMT) - 1.49% |
| #12 | PIXART IMAGING INC (n/a) - 0.18% | WELLTOWER INC (WELL) - 1.31% |
| #13 | n/a (n/a) - 0.18% | COSTCO WHOLESALE CORP (COST) - 1.23% |
| #14 | PRIMAX ELECTRONICS LTD (n/a) - 0.18% | NEXTERA ENERGY INC (NEE) - 1.21% |
| #15 | NETCARE LTD (n/a) - 0.18% | MICROSOFT CORP (MSFT) - 1.08% |
| #16 | MOKINGRAN JEWELLERY GROUP CO LTD (n/a) - 0.18% | COCA-COLA CO (KO) - 1.07% |
| #17 | MOTUS HOLDINGS LTD ORDINARY SHARES (n/a) - 0.18% | JPMORGAN CHASE & CO (JPM) - 1.07% |
| #18 | CENTURY IRON AND STEEL INDUSTRIAL CO LTD (n/a) - 0.18% | PROLOGIS INC (PLD) - 1.06% |
| #19 | NATIONAL INDUSTRIES GROUP HOLDING SAK (n/a) - 0.17% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.05% |
| #20 | BLACK SESAME INTERNATIONAL HOLDING LTD (n/a) - 0.17% | PROCTER & GAMBLE CO (PG) - 1.04% |
| #21 | n/a (n/a) - 0.17% | PPG INDUSTRIES INC (PPG) - 0.40% |
| #22 | QISDA CORP (n/a) - 0.17% | MONSTER BEVERAGE CORP (MNST) - 0.40% |
| #23 | WINWAY TECHNOLOGY CO LTD ORDINARY SHARES (n/a) - 0.17% | VENTAS INC (VTR) - 0.36% |
| #24 | BIT DIGITAL INC ORDINARY SHARES (BTBT) - 0.16% | ALTRIA GROUP INC (MO) - 0.36% |
| #25 | n/a (n/a) - 0.16% | BLACKROCK INC (BLK) - 0.36% |
| Total Holdings | 2744 | 447 |
EWX vs EQL - Historical Returns
Returns include dividend reinvestment.
1M
EWX
-9.42%
Winner
EQL
+1.37%
3M
EWX
-4.13%
Winner
EQL
+3.26%
6M
EWX
+2.99%
Winner
EQL
+7.05%
1Y
EWX
+11.25%
Winner
EQL
+16.58%
5Y(CAGR)
EWX
+5.58%
Winner
EQL
+10.77%
10Y(CAGR)
EWX
+8.38%
Winner
EQL
+12.30%
Max(CAGR)
EWX
+4.22%
Winner
EQL
+13.60%
EWX vs EQL - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | EWX | EQL |
|---|---|---|
| 2026 | +5.18% | +9.66% |
| 2025 | +16.17% | +13.32% |
| 2024 | +7.64% | +16.33% |
| 2023 | +17.12% | +17.25% |
| 2022 | -15.32% | -10.83% |
| 2021 | +16.66% | +31.31% |
| 2020 | +13.04% | +10.55% |
| 2019 | +14.58% | +27.93% |
| 2018 | -19.74% | -6.48% |
| 2017 | +32.53% | +17.71% |
| 2016 | +10.04% | +14.59% |
| 2015 | -11.76% | -1.15% |
| 2014 | +0.87% | +14.14% |
| 2013 | +0.15% | +27.40% |
| 2012 | +23.85% | +12.86% |
| 2011 | -30.79% | +1.53% |
| 2010 | +19.60% | +13.63% |
| 2009 | +92.49% | +28.94% |
| 2008 | -53.20% | N/A |
EWX vs EQL Drawdown Comparison
The maximum drawdown for EWX was -63.90%, occurring on Nov 20, 2008. Recovery took 583 trading sessions.
The maximum drawdown for EQL was -35.65%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.
The current EWX drawdown is -9.42%. The current EQL drawdown is -0.64%.
| Rank | EWX | EQL |
|---|---|---|
| #1 | -63.90% May 19, 2008 - Sep 13, 2010 | -35.65% Feb 19, 2020 - Sep 2, 2020 |
| #2 | -42.99% Jan 26, 2018 - Dec 28, 2020 | -19.23% Mar 29, 2022 - Jul 25, 2023 |
| #3 | -34.12% Jan 5, 2011 - Sep 5, 2014 | -18.66% Jul 7, 2011 - Feb 7, 2012 |
| #4 | -31.87% Sep 5, 2014 - Jul 14, 2017 | -17.43% Sep 21, 2018 - Apr 2, 2019 |
| #5 | -24.67% Jul 12, 2021 - Apr 9, 2024 | -15.34% Apr 23, 2010 - Nov 4, 2010 |
| #6 | -21.36% Oct 7, 2024 - Jul 3, 2025 | -15.08% Nov 29, 2024 - Jun 30, 2025 |
| #7 | -10.68% Jun 22, 2026 - Jul 20, 2026 | -13.01% May 21, 2015 - Apr 19, 2016 |
| #8 | -9.20% Jul 12, 2024 - Sep 24, 2024 | -10.32% Jul 31, 2023 - Dec 13, 2023 |
| #9 | -7.98% Feb 25, 2026 - Apr 13, 2026 | -9.49% Jan 26, 2018 - Aug 20, 2018 |
| #10 | -6.48% Nov 4, 2010 - Jan 3, 2011 | -9.02% Apr 2, 2012 - Aug 8, 2012 |
| #11 | -5.86% May 26, 2026 - Jun 18, 2026 | -8.66% Jan 4, 2022 - Mar 29, 2022 |
| #12 | -5.85% Apr 28, 2021 - May 28, 2021 | -8.32% Jan 19, 2010 - Mar 16, 2010 |
| #13 | -4.99% Sep 17, 2025 - Jan 9, 2026 | -8.22% Sep 2, 2020 - Nov 9, 2020 |
| #14 | -4.85% Apr 9, 2024 - May 2, 2024 | -6.99% Oct 18, 2012 - Jan 2, 2013 |
| #15 | -4.38% May 11, 2026 - May 26, 2026 | -6.90% Sep 19, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWX and EQL is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2008 - 2026)
EWX vs EQL dividend yield comparison.
| Year | EWX | EQL |
|---|---|---|
| 2026 | 0.83% | 0.49% |
| 2025 | 2.91% | 1.73% |
| 2024 | 2.90% | 1.78% |
| 2023 | 2.32% | 1.96% |
| 2022 | 3.00% | 2.14% |
| 2021 | 2.77% | 1.69% |
| 2020 | 2.24% | 2.29% |
| 2019 | 2.73% | 1.95% |
| 2018 | 3.26% | 2.39% |
| 2017 | 2.30% | 1.97% |
| 2016 | 2.46% | 2.89% |
| 2015 | 3.04% | 2.07% |
| 2014 | 2.74% | 1.68% |
| 2013 | 2.33% | 1.55% |
| 2012 | 2.27% | 2.09% |
| 2011 | 5.58% | 1.87% |
| 2010 | 3.03% | 1.72% |
| 2009 | 1.79% | 1.00% |
| 2008 | 0.85% | 0.00% |
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