EWP vs VOO
iShares MSCI Spain ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. EWP delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EWP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $2.1B | $979.0B | |
| Dividend Yield | 2.81% | 1.09% | |
| Holdings | 30 | 509 | |
| YTD Return | +16.64% | +13.72% | |
| 1Y Return | +36.54% | +21.63% | |
| 3Y Return (annualized) | +34.62% | +21.55% | |
| 5Y Return (annualized) | +20.92% | +13.26% | |
| Volatility (annualized) | 23.4% | 14.1% | |
| Max Drawdown | -73.7% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | Sep 7, 2010 |
EWP vs VOO Performance
iShares MSCI Spain ETF (EWP) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EWP returned +36.54% while VOO returned +21.63%. Year to date, EWP is up 16.64% versus a gain of 13.72% for VOO.
Over three years, EWP compounded at +34.62% per year against +21.55% for VOO; over five years the annualized figures are +20.92% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.56% annualized vs +5.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWP has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -73.7% for EWP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWP charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, EWP currently yields 2.81% against 1.09% for VOO.
Holdings Overlap
EWP and VOO share 0 holdings out of 529 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EWP or VOO?
EWP has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, EWP or VOO?
Over the past year EWP returned +36.54% vs +21.63% for VOO, so EWP leads on 1-year performance. Over the longest common window we track (16 years), EWP annualized +5.73% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, EWP or VOO?
EWP has been the more volatile fund at 23.4% annualized versus 14.1% for VOO. Worst drawdown: EWP -73.7% vs VOO -34.3%.
Should I hold both EWP and VOO?
EWP and VOO have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWP and VOO?
EWP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, EWP or VOO?
EWP yields 2.81% while VOO yields 1.09%, so EWP currently pays the higher dividend yield.
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