Data as of Oct 28, 2026.

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EWT vs SPSB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWT returned +69.9% to SPSB's +2.2%; 0% of their weight is in the same names.

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Net assets: $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF, and $11.3bn on Oct 27, 2026 for State Street SPDR Portfolio Short Term Corporate Bond ETF.

At a glance
+69.9%
EWT total return, 1 year
+2.2%
SPSB total return, 1 year
0.59%
EWT expense ratio
0.04%
SPSB expense ratio

Pair scorecard

SPSB costs 0.55 points a year less; their one-year returns differ by 67.7 points.

EWT vs SPSB: Differences, Returns & Fees
MeasureEWTSPSB
Return
Total return, 1 year+69.9%+2.2%
Drawdown
Below its high7.7%, high on Oct 5, 2026
Benchmark
What it tracksMSCI Taiwan 25/50 IndexBloomberg U.S. 1-3 Year Corporate Bond Index
Cost and size
Expense ratio0.59%0.04%
Net assets, as of Oct 27, 2026$11.8bn$11.3bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund47.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Dec 24, 2009 to Oct 23, 2026 · 878 weekly returns
EWT SPSB
Return
Total return edge EWT +690.5% +47.3%
Annualized edge EWT +13.0% +2.3%
Price return edge EWT +315.3% −1.4%
Risk
Volatility edge SPSB 20.6% 3.0%
Max drawdown edge SPSB −38.2% −9.9%
Downside capture 88.6% 20.4%
Beta 0.82 0.39
Risk-adjusted
Sharpe edge EWT 0.62 0.27
Sortino edge EWT 0.91 0.39
Treynor 0.155 0.020
Calmar edge EWT 0.34 0.23
Against the benchmark
Alpha +4.5% a year +0.4% a year
Alpha t-stat 1.63 0.78
Information ratio 0.19 −0.03
Tracking error 13.9% 3.6%

Each against its own benchmark: EWT against EEM, Apr 25, 2003 to Oct 23, 2026; SPSB against AGG, Dec 24, 2009 to Oct 23, 2026.

Reading

EWT returned more: +690.5% to +47.3%. SPSB swung less: 3.0% to 20.6%. SPSB fell less at its worst: −9.9% to −38.2%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: EWT vs SPSB: Differences, Returns & Fees
MeasureEWTSPSBEdgeHow it is measured
Return
Total return+690.5%+47.3%EWTPrice change plus distributions, reinvested.
Annualized+13.0%+2.3%EWTTotal return as a yearly rate.
Price return+315.3%−1.4%EWTPrice change alone, distributions left out.
Risk
Volatility20.6%3.0%SPSBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.2%2.1%SPSBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−38.2%−9.9%SPSBDeepest fall from a high to the low after it.
Upside capture78.9%30.3%Share of its benchmark's rise caught in the weeks it rose.
Downside capture88.6%20.4%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.820.39Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.670.36Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.620.27EWTReturn above Treasury bills per unit of volatility.
Sortino0.910.39EWTReturn above Treasury bills per unit of downside deviation.
Treynor0.1550.020Return above Treasury bills per unit of beta.
Calmar0.340.23EWTAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkEEMAGGThe ETF each fund is measured against.
Alpha+4.5% a year+0.4% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat1.630.78Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.9% to +9.8%−0.7% to +1.6%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.19−0.03Return against its benchmark per unit of tracking error.
Tracking error13.9%3.6%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 878 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWT and SPSB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWT SPSB
Only in one fund ↓
Only in EWT
TAIWAN SEMICONDUCTOR MANUFACTURING 22.12%
MEDIATEK 6.03%
HON HAI PRECISION INDUSTRY 3.31%
DELTA ELECTRONICS 3.25%
ASE TECHNOLOGY HOLDING 2.86%
NAN YA PLASTICS CORP 2.54%
UNIMICRON TECHNOLOGY 2.04%
ELITE MATERIAL 1.88%
Only in SPSB
SALESFORCE INC SR UNSECURED 03/29 4.65 0.66%
AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/28 3 0.47%
PFIZER INVESTMENT ENTER COMPANY GUAR 05/28 4.45 0.45%
AMAZON.COM INC SR UNSECURED 03/29 4 0.45%
BANK OF AMERICA CORP SR UNSECURED 12/28 VAR 0.45%
NVIDIA CORP SR UNSECURED 06/29 4.35 0.43%
GOLDMAN SACHS GROUP INC SR UNSECURED 05/29 VAR 0.38%
ORACLE CORP SR UNSECURED 02/29 4.55 0.37%
Check overlap with more funds →

Side by side

EWT iShares MSCI Taiwan ETF SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI Taiwan Tracks an index of Short Term Corporate Bond
Total return, 1 year +69.9% +2.2%
Its benchmark over the same days +16.3% (EEM) −1.4% (AGG)
Gap to its benchmark +53.6 pts vs EEM +3.6 pts vs AGG
Expense ratio 0.59% 0.04%
Holdings 79 1684
Net assets, EWT as of Oct 28, 2026 and SPSB as of Oct 27, 2026 $12.0bn $11.3bn

EWT and SPSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-73BDC7A83F

EWT and SPSB do different jobs. What does each one do in a portfolio?

  1. What each follows. EWT follows MSCI Taiwan 25/50 Index and SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and SPSB +2.2% with distributions reinvested, a gap of 67.7 points.

Data as of Oct 28, 2026.

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About each fund
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.

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, EWT or SPSB?
In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and SPSB +2.2%.
Which is cheaper, EWT or SPSB?
SPSB is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EWT against SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewt-vs-spsb

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