Data as of Oct 28, 2026.
EWY vs MBB: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWY returned +79.7% to MBB's −0.8%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $24.4bn for iShares MSCI South Korea ETF and $35.5bn for iShares MBS ETF.
Pair scorecard
MBB costs 0.55 points a year less; their one-year returns differ by 80.5 points; MBB is 1.5 times larger.
| Measure | EWY | MBB |
|---|---|---|
| Return | ||
| Total return, 1 year | +79.7% | −0.8% |
| Drawdown | ||
| Below its high | 24.3%, high on Jun 18, 2026 | |
| Benchmark | ||
| What it tracks | MSCI Korea 25/50 Daily 25 Capped Index | Bloomberg U.S. MBS Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.04% |
| Net assets | $24.4bn | $35.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 60.9% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 23, 2007 to Oct 23, 2026 · 1,022 weekly returnsEach against its own benchmark: EWY against EEM, Apr 25, 2003 to Oct 23, 2026; MBB against SPMB, Feb 6, 2009 to Oct 23, 2026.
EWY returned more: +302.3% to +63.4%. MBB swung less: 4.2% to 29.7%. MBB fell less at its worst: −17.4% to −70.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EWY | MBB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +302.3% | +63.4% | EWY | Price change plus distributions, reinvested. |
| Annualized | +7.3% | +2.5% | EWY | Total return as a yearly rate. |
| Price return | +198.6% | −9.6% | EWY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 29.7% | 4.2% | MBB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 20.5% | 2.9% | MBB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −70.1% | −17.4% | MBB | Deepest fall from a high to the low after it. |
| Upside capture | 115.0% | 77.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 103.2% | 78.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.08 | 0.76 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.74 | 0.76 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.34 | 0.24 | EWY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.49 | 0.35 | EWY | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.124 | 0.009 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.10 | 0.15 | MBB | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | EEM | SPMB | The ETF each fund is measured against. | |
| Alpha | +2.5% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.83 | 0.26 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.4% to +8.5% | −0.8% to +1.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.22 | −0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 14.8% | 2.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,022 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWY and MBB 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
EWY and MBB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWY and MBB do different jobs. What does each one do in a portfolio?
- What each follows. EWY follows MSCI Korea 25/50 Daily 25 Capped Index and MBB follows Bloomberg U.S. MBS 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 EWY returned +79.7% and MBB −0.8% with distributions reinvested, a gap of 80.5 points.
Data as of Oct 28, 2026.
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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. 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 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 2026 on Oct 28, 2026.
MBB
MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, EWY or MBB?
- In the year to Oct 28, 2026, with distributions reinvested, EWY returned +79.7% and MBB −0.8%.
- Which is cheaper, EWY or MBB?
- MBB 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.
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, EWY against MBB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewy-vs-mbb
ETFIQ. (Oct 28, 2026). EWY against MBB. Retrieved from https://etfiq.com/compare/any/ewy-vs-mbb
[EWY against MBB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewy-vs-mbb)
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