EWX vs TOPT

Comparison between STATE STREET(R) SPDR(R) S&P(R) EMERGING MARKETS SMALL CAP ETF (EWX, ETF) and ISHARES TOP 20 U.S. STOCKS ETF (TOPT, ETF).

EWX vs TOPT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWX(ETF)	TOPT(ETF)
Net Assets	$656M	$655M
Expense Ratio	0.65%	0.20%
Max Drawdown	63.90%	21.30%
Sharpe Ratio	0.54	0.81
5Y Beta	0.65	1.10
P/E Ratio	N/A	28.16
Forward P/E	N/A	21.70
PEG Ratio	N/A	0.25
5Y Dividends CAGR	9.05%	N/A
5Y EPS CAGR	N/A	38.49%
Debt to Equity	N/A	34.55%
P/S Ratio	N/A	6.94
P/B Ratio	N/A	8.02

Net Assets

Winner

EWX

$656M

TOPT

$655M

Expense Ratio

EWX

0.65%

Winner

TOPT

0.20%

Max Drawdown

EWX

63.90%

Winner

TOPT

21.30%

Sharpe Ratio

EWX

0.54

Winner

TOPT

0.81

5Y Beta

Winner

EWX

0.65

TOPT

1.10

P/E Ratio

EWX

N/A

TOPT

28.16

Forward P/E

EWX

N/A

TOPT

21.70

PEG Ratio

EWX

N/A

TOPT

0.25

5Y Dividends CAGR

EWX

9.05%

TOPT

N/A

5Y EPS CAGR

EWX

N/A

TOPT

38.49%

Debt to Equity

EWX

N/A

TOPT

34.55%

P/S Ratio

EWX

N/A

TOPT

6.94

P/B Ratio

EWX

N/A

TOPT

8.02

EWX vs TOPT - Holdings Comparison

EWX and TOPT have 1 common holdings. Overlap is 0.00%

EWX's top 25 holdings weight is 6.38%. TOPT's top 25 holdings weight is 100.01%.

Rank	EWX	TOPT
#1	n/a (n/a) - 1.21%	NVIDIA CORP (NVDA) - 16.78%
#2	n/a (n/a) - 0.98%	APPLE INC (AAPL) - 14.23%
#3	GULF NAVIGATION HOLDING PJSC (n/a) - 0.23%	ALPHABET INC CLASS A (GOOGL) - 6.43%
#4	PAN AFRICAN RESOURCES PLC (PAFRF) - 0.22%	MICROSOFT CORP (MSFT) - 6.41%
#5	INARI AMERTRON BHD (n/a) - 0.20%	ALPHABET INC CLASS C (GOOG) - 5.17%
#6	REDEFINE PROPERTIES LTD (n/a) - 0.19%	AMAZON.COM INC (AMZN) - 4.87%
#7	ADVANCED ECHEM MATERIALS CO LTD (n/a) - 0.19%	BROADCOM INC (AVGO) - 4.85%
#8	LINGBAO GOLD GROUP CO LTD CLASS H (n/a) - 0.19%	META PLATFORMS INC CLASS A (META) - 4.37%
#9	PRECISION TSUGAMI (CHINA) CORP LTD (n/a) - 0.18%	MICRON TECHNOLOGY INC (MU) - 3.93%
#10	BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 0.18%	JPMORGAN CHASE & CO (JPM) - 3.80%
#11	ORBIA ADVANCE CORP SAB DE CV (n/a) - 0.18%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 3.80%
#12	PIXART IMAGING INC (n/a) - 0.18%	ELI LILLY AND CO (LLY) - 3.72%
#13	n/a (n/a) - 0.18%	TESLA INC (TSLA) - 3.63%
#14	PRIMAX ELECTRONICS LTD (n/a) - 0.18%	ADVANCED MICRO DEVICES INC (AMD) - 3.13%
#15	NETCARE LTD (n/a) - 0.18%	EXXONMOBIL HOLDINGS CORP (XOM) - 2.52%
#16	MOKINGRAN JEWELLERY GROUP CO LTD (n/a) - 0.18%	JOHNSON & JOHNSON (JNJ) - 2.48%
#17	MOTUS HOLDINGS LTD ORDINARY SHARES (n/a) - 0.18%	VISA INC CLASS A (V) - 2.39%
#18	CENTURY IRON AND STEEL INDUSTRIAL CO LTD (n/a) - 0.18%	WALMART INC (WMT) - 1.95%
#19	NATIONAL INDUSTRIES GROUP HOLDING SAK (n/a) - 0.17%	INTEL CORP (INTC) - 1.91%
#20	BLACK SESAME INTERNATIONAL HOLDING LTD (n/a) - 0.17%	CISCO SYSTEMS INC (CSCO) - 1.90%
#21	n/a (n/a) - 0.17%	COSTCO WHOLESALE CORP (COST) - 1.67%
#22	QISDA CORP (n/a) - 0.17%	BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.07%
#23	WINWAY TECHNOLOGY CO LTD ORDINARY SHARES (n/a) - 0.17%	MICRO E-MINI NASDAQ 100 INDEX FUTURE SEPT 26 (n/a) - 0.00%
#24	BIT DIGITAL INC ORDINARY SHARES (BTBT) - 0.16%	USD CASH (n/a) - 0.00%
#25	n/a (n/a) - 0.16%	N/A
Total Holdings	2744	24

EWX vs TOPT - Historical Returns

Returns include dividend reinvestment.

Period	EWX	TOPT
1 month	+6.70%	+2.43%
3 months	-3.25%	-1.90%
6 months	+4.37%	+9.25%
1 year	+12.69%	+16.01%
5 years(CAGR)	+7.14%	N/A
10 years(CAGR)	+8.52%	N/A
Max(CAGR)	+4.49%	+17.84%

Winner

EWX

+6.70%

TOPT

+2.43%

EWX

-3.25%

Winner

TOPT

-1.90%

EWX

+4.37%

Winner

TOPT

+9.25%

EWX

+12.69%

Winner

TOPT

+16.01%

5Y(CAGR)

EWX

+7.14%

TOPT

N/A

10Y(CAGR)

EWX

+8.52%

TOPT

N/A

Max(CAGR)

EWX

+4.49%

Winner

TOPT

+17.84%

EWX vs TOPT - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	EWX	TOPT
2026	+10.62%	+7.39%
2025	+16.17%	+20.76%
2024	+7.64%	+5.03%
2023	+17.12%	N/A
2022	-15.32%	N/A
2021	+16.66%	N/A
2020	+13.04%	N/A
2019	+14.58%	N/A
2018	-19.74%	N/A
2017	+32.53%	N/A
2016	+10.04%	N/A
2015	-11.76%	N/A
2014	+0.87%	N/A
2013	+0.15%	N/A
2012	+23.85%	N/A
2011	-30.79%	N/A
2010	+19.60%	N/A
2009	+92.49%	N/A
2008	-53.20%	N/A

EWX vs TOPT Drawdown Comparison

The maximum drawdown for EWX was -63.90%, occurring on Nov 20, 2008. Recovery took 583 trading sessions.

The maximum drawdown for TOPT was -21.21%, occurring on Apr 8, 2025. Recovery took 124 trading sessions.

The current EWX drawdown is -4.73%. The current TOPT drawdown is -3.09%.

Rank	EWX	TOPT
#1	-63.90% May 19, 2008 - Sep 13, 2010	-21.21% Dec 24, 2024 - Jun 26, 2025
#2	-42.99% Jan 26, 2018 - Dec 28, 2020	-13.13% Oct 29, 2025 - Apr 27, 2026
#3	-34.12% Jan 5, 2011 - Sep 5, 2014	-7.46% May 14, 2026 - Jul 29, 2026
#4	-31.87% Sep 5, 2014 - Jul 14, 2017	-3.19% Oct 29, 2024 - Nov 6, 2024
#5	-24.67% Jul 12, 2021 - Apr 9, 2024	-3.16% Dec 16, 2024 - Dec 24, 2024
#6	-21.36% Oct 7, 2024 - Jul 3, 2025	-2.92% Oct 9, 2025 - Oct 24, 2025
#7	-13.47% Jun 22, 2026 - Jul 29, 2026	-2.80% Nov 8, 2024 - Dec 2, 2024
#8	-9.20% Jul 12, 2024 - Sep 24, 2024	-2.54% Aug 14, 2025 - Aug 28, 2025
#9	-7.98% Feb 25, 2026 - Apr 13, 2026	-1.97% Jul 28, 2025 - Aug 6, 2025
#10	-6.48% Nov 4, 2010 - Jan 3, 2011	-1.78% Aug 28, 2025 - Sep 4, 2025
#11	-5.86% May 26, 2026 - Jun 18, 2026	-1.51% Sep 22, 2025 - Oct 1, 2025
#12	-5.85% Apr 28, 2021 - May 28, 2021	-1.05% Jul 3, 2025 - Jul 10, 2025
#13	-4.99% Sep 17, 2025 - Jan 9, 2026	-0.88% Jun 30, 2025 - Jul 2, 2025
#14	-4.85% Apr 9, 2024 - May 2, 2024	-0.60% Dec 11, 2024 - Dec 13, 2024
#15	-4.38% May 11, 2026 - May 26, 2026	-0.55% Sep 4, 2025 - Sep 9, 2025

Correlation

Correlation between EWX and TOPT is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2008 - 2026)

EWX vs TOPT dividend yield comparison.

Year	EWX	TOPT
2026	0.78%	0.19%
2025	2.91%	0.38%
2024	2.90%	0.08%
2023	2.32%	0.00%
2022	3.00%	0.00%
2021	2.77%	0.00%
2020	2.24%	0.00%
2019	2.73%	0.00%
2018	3.26%	0.00%
2017	2.30%	0.00%
2016	2.46%	0.00%
2015	3.04%	0.00%
2014	2.74%	0.00%
2013	2.33%	0.00%
2012	2.27%	0.00%
2011	5.58%	0.00%
2010	3.03%	0.00%
2009	1.79%	0.00%
2008	0.85%	0.00%