Data as of Oct 28, 2026.
EWT vs EWY: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWT returned +69.9% to EWY's +79.7%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $12.0bn for iShares MSCI Taiwan ETF and $24.4bn for iShares MSCI South Korea ETF.
Pair scorecard
Both cost 0.59% a year; their one-year returns differ by 9.8 points; EWY is 2.0 times larger.
Points (pts) are percentage points.
| Measure | EWT | EWY |
|---|---|---|
| Return | ||
| Total return, 1 year | +69.9% | +79.7% |
| Drawdown | ||
| Below its high | 7.7%, high on Oct 5, 2026 | 24.3%, high on Jun 18, 2026 |
| Benchmark | ||
| What it tracks | MSCI Taiwan 25/50 Index | MSCI Korea 25/50 Daily 25 Capped Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.59% |
| Net assets | $12.0bn | $24.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 47.7% | 60.9% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 25, 2003 to Oct 23, 2026 · 1,226 weekly returns · each against EEMEWT returned more: +1,497.2% to +1,202.1%. EWT swung less: 23.2% to 29.1%. EWT fell less at its worst: −57.9% to −70.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EWT | EWY | EEM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +1,497.2% | +1,202.1% | +759.1% | EWT | Price change plus distributions, reinvested. |
| Annualized | +12.5% | +11.5% | +9.6% | EWT (slight) | Total return as a yearly rate. |
| Price return | +611.7% | +841.8% | +451.7% | EWY | Price change alone, distributions left out. |
| Risk | |||||
| Volatility | 23.2% | 29.1% | 23.3% | EWT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.1% | 19.9% | 16.1% | EWT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −57.9% | −70.1% | −62.6% | EWT | Deepest fall from a high to the low after it. |
| Upside capture | 78.9% | 115.0% | 100.0% | EWY | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 88.6% | 103.2% | 100.0% | EWT | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.82 | 1.08 | 1.00 | EWT lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.67 | 0.74 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.55 | 0.46 | 0.43 | EWT | Return above Treasury bills per unit of volatility. |
| Sortino | 0.79 | 0.67 | 0.63 | EWT | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.155 | 0.124 | 0.101 | EWT | Return above Treasury bills per unit of beta. |
| Calmar | 0.22 | 0.16 | 0.15 | EWT | Annualized return divided by the max drawdown. |
| Against the benchmark | |||||
| Benchmark | EEM | EEM | EEM | The ETF each fund is measured against. | |
| Alpha | +4.5% a year | +2.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.63 | 0.83 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.9% to +9.8% | −3.4% to +8.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.19 | 0.22 | EWY | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.9% | 14.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,226 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWT and EWY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWT and EWY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWT and EWY do different jobs. What does each one do in a portfolio?
- What each follows. EWT follows MSCI Taiwan 25/50 Index and EWY follows MSCI Korea 25/50 Daily 25 Capped Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and EWY +79.7% with distributions reinvested, a gap of 9.8 points.
Data as of Oct 28, 2026.
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EWT
EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 2026 on Oct 28, 2026.
EWY
EWY tracks the MSCI South Korea. Over the year to Oct 28, 2026 it returned +79.7% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 2026 on Oct 28, 2026.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EWT against EWY, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewt-vs-ewy
ETFIQ. (Oct 28, 2026). EWT against EWY. Retrieved from https://etfiq.com/compare/any/ewt-vs-ewy
[EWT against EWY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewt-vs-ewy)
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