EWY vs SPY

Comparison between ISHARES MSCI SOUTH KOREA ETF (EWY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceEWY has outperformed SPY, delivering a return of +17.7% compared to +13.3%

EWY vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWY(ETF)	SPY(ETF)
Net Assets	$16B	$652B
Expense Ratio	0.59%	0.09%
Max Drawdown	74.59%	56.47%
Sharpe Ratio	3.26	2.07
5Y Beta	1.13	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	11.47%	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

EWY

$16B

Winner

SPY

$652B

Expense Ratio

EWY

0.59%

Winner

SPY

0.09%

Max Drawdown

EWY

74.59%

Winner

SPY

56.47%

Sharpe Ratio

Winner

EWY

3.26

SPY

2.07

5Y Beta

EWY

1.13

Winner

SPY

1.00

P/E Ratio

EWY

N/A

SPY

28.24

Forward P/E

EWY

N/A

SPY

21.85

5Y Dividends CAGR

Winner

EWY

11.47%

SPY

5.43%

5Y EPS CAGR

EWY

N/A

SPY

25.79%

Debt to Equity

EWY

N/A

SPY

22.35%

P/S Ratio

EWY

N/A

SPY

3.55

P/B Ratio

EWY

N/A

SPY

5.29

EWY vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	EWY	SPY
1 month	+35.79%	+9.11%
3 months	+50.89%	+6.59%
6 months	+111.90%	+10.56%
1 year	+240.08%	+32.04%
5 years(CAGR)	+17.68%	+13.35%
10 years(CAGR)	+16.45%	+15.49%
Max(CAGR)	+10.52%	+8.50%

Winner

EWY

+35.79%

SPY

+9.11%

Winner

EWY

+50.89%

SPY

+6.59%

Winner

EWY

+111.90%

SPY

+10.56%

Winner

EWY

+240.08%

SPY

+32.04%

5Y(CAGR)

Winner

EWY

+17.68%

SPY

+13.35%

10Y(CAGR)

Winner

EWY

+16.45%

SPY

+15.49%

Max(CAGR)

Winner

EWY

+10.52%

SPY

+8.50%

EWY vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWY	SPY
2026	+86.07%	+8.27%
2025	+94.51%	+18.00%
2024	-19.49%	+25.59%
2023	+21.31%	+26.72%
2022	-26.59%	-18.64%
2021	-9.94%	+30.52%
2020	+39.48%	+17.28%
2019	+9.42%	+31.09%
2018	-21.37%	-5.24%
2017	+42.82%	+20.78%
2016	+11.04%	+13.59%
2015	-7.06%	+1.31%
2014	-9.22%	+14.56%
2013	+0.96%	+29.00%
2012	+17.42%	+14.17%
2011	-14.35%	+0.85%
2010	+25.06%	+13.14%
2009	+65.55%	+22.67%
2008	-54.47%	-36.25%
2007	+33.51%	+5.32%
2006	+7.16%	+13.85%
2005	+56.02%	+5.32%
2004	+14.22%	+10.75%
2003	+34.61%	+24.18%
2002	-0.43%	-22.42%
2001	+43.43%	-10.13%
2000	-37.79%	-8.84%
1999	N/A	+8.61%

EWY vs SPY Drawdown Comparison

The maximum drawdown for EWY was -74.15%, occurring on Nov 20, 2008. Recovery took 2400 trading sessions.

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

Rank	EWY	SPY
#1	-74.15% Oct 31, 2007 - May 15, 2017	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-50.79% Jun 9, 2000 - Mar 6, 2002	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-49.72% Jan 8, 2021 - Oct 20, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-48.95% Jan 26, 2018 - Nov 24, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-38.19% Apr 23, 2002 - Oct 13, 2003	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-27.95% Apr 12, 2004 - Jan 18, 2005	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-23.18% May 8, 2006 - Apr 3, 2007	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-23.08% Feb 27, 2026 - Apr 17, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-18.90% Jul 23, 2007 - Oct 1, 2007	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-14.49% May 16, 2000 - Jun 2, 2000	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-12.22% Mar 1, 2005 - Jul 19, 2005	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-12.16% Nov 3, 2025 - Dec 29, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-10.33% Apr 5, 2002 - Apr 17, 2002	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-10.08% Jan 31, 2006 - Apr 4, 2006	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-10.08% Sep 29, 2005 - Nov 11, 2005	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EWY and SPY is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (1999 - 2026)

EWY vs SPY dividend yield comparison.

Year	EWY	SPY
2026	0.00%	0.24%
2025	2.10%	1.07%
2024	2.55%	1.21%
2023	2.52%	1.40%
2022	1.23%	1.65%
2021	2.16%	1.20%
2020	0.73%	1.52%
2019	2.10%	1.75%
2018	1.34%	2.04%
2017	2.90%	1.80%
2016	1.21%	2.03%
2015	2.42%	2.06%
2014	1.20%	1.87%
2013	1.39%	1.81%
2012	0.58%	2.18%
2011	1.34%	2.05%
2010	0.72%	1.80%
2009	0.66%	1.95%
2008	2.86%	3.02%
2007	0.57%	1.85%
2006	0.68%	1.73%
2005	0.58%	1.73%
2004	0.34%	1.82%
2003	0.94%	1.47%
2002	0.00%	1.70%
2001	0.59%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%