Data Source: from January 1997 to December 2022 (~26 years)
Consolidated Returns as of 31 December 2022
Category: Stocks
ETF: iShares MSCI Austria ETF (EWO)

In the last 25 Years, the iShares MSCI Austria ETF (EWO) ETF obtained a 5.06% compound annual return, with a 25.41% standard deviation.

In 2022, the ETF granted a 3.59% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Austria ETF (EWO) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Developed Europe
  • Country: U.S.

Historical Returns as of Dec 31, 2022

Historical returns and Metrics of iShares MSCI Austria ETF (EWO) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
ISHARES MSCI AUSTRIA ETF (EWO) ETF
Portfolio Metrics
Data Source: 1 January 1997 - 31 December 2022 (~26 years)
Swipe left to see all data
Metrics as of Dec 31, 2022
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~26Y)
Portfolio
Return (%)
-2.03 25.13 7.46 -21.92 -0.36 -2.23 3.08 6.62 4.97
US Inflation (%) -0.31 0.00 0.16 6.45 4.92 3.78 2.60 2.51 2.44
Infl. Adjusted
Return (%)
-1.73 25.13 7.28 -26.65 -5.03 -5.80 0.47 4.01 2.47
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 30.35 32.00 27.25 22.67 26.44 25.21
Sharpe Ratio -0.77 -0.03 -0.12 0.11 0.21 0.04
Sortino Ratio -1.16 -0.04 -0.17 0.15 0.28 0.05
MAXIMUM DRAWDOWN
Drawdown Depth (%) -37.60 -37.60 -47.58 -47.58 -73.69 -73.69
Start (yyyy mm) 2022 01 2022 01 2018 02 2018 02 2007 06 2007 06
Bottom (yyyy mm) 2022 09 2022 09 2020 03 2020 03 2009 02 2009 02
Start to Bottom (# months) 9 9 26 26 21 21
Start to Recovery (# months) in progress
> 12
> 12
40
40
> 187
> 187
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 89.85 54.36 40.89 17.57 9.25
Worst Return (%) -67.93 -28.35 -16.95 -5.19 4.88
% Positive Periods 60% 55% 63% 77% 100%
MONTHS
Positive 0 2 3 4 19 30 63 137 176
Negative 1 1 3 8 17 30 57 103 136
% Positive 0% 67% 50% 33% 53% 50% 53% 57% 56%
WITHDRAWAL RATES (WR)
Safe WR (%) 32.95 16.91 11.01 11.46 5.88
Perpetual WR (%) 0.00 0.00 0.47 3.86 2.41
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Dec 31, 2022

Monthly correlations of iShares MSCI Austria ETF (EWO) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

ISHARES MSCI AUSTRIA ETF (EWO) ETF
Monthly correlations as of 31 December 2022
Swipe left to see all data
Correlation vs EWO
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 1997
US Total Stock Market
VTI
0.73
0.79
0.74
0.68
US Large Cap
SPY
0.75
0.79
0.74
0.67
US Small Cap
IJR
0.67
0.82
0.71
0.64
US REITs
VNQ
0.63
0.68
0.52
0.57
US Technology
QQQ
0.63
0.65
0.65
0.43
Preferred Stocks
PFF
0.64
0.67
0.60
0.50
EAFE Stocks
EFA
0.91
0.92
0.89
0.82
World All Countries
VT
0.83
0.87
0.84
0.78
Emerging Markets
EEM
0.78
0.79
0.75
0.71
Europe
VGK
0.94
0.93
0.91
0.84
Pacific
VPL
0.81
0.85
0.78
0.67
Latin America
FLLA
0.49
0.71
0.65
0.67
US Total Bond Market
BND
0.69
0.31
0.25
0.12
Long Term Treasuries
TLT
0.47
-0.12
-0.14
-0.20
US Cash
BIL
0.31
-0.18
-0.12
-0.06
TIPS
TIP
0.60
0.39
0.33
0.23
Invest. Grade Bonds
LQD
0.75
0.54
0.46
0.33
High Yield Bonds
HYG
0.77
0.74
0.70
0.64
International Bonds
BNDX
0.69
0.34
0.24
0.19
Emerg. Market Bonds
EMB
0.87
0.73
0.65
0.53
Gold
GLD
0.21
0.14
0.10
0.16
Commodities
DBC
0.33
0.61
0.51
0.45

Capital Growth as of Dec 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the iShares MSCI Austria ETF (EWO) ETF: Dividend Yield page.

An investment of 1000$, since January 1998, now would be worth 3438.94$, with a total return of 243.89% (5.06% annualized).

The Inflation Adjusted Capital now would be 1868.96$, with a net total return of 86.90% (2.53% annualized).
An investment of 1000$, since January 1997, now would be worth 3532.77$, with a total return of 253.28% (4.97% annualized).

The Inflation Adjusted Capital now would be 1887.81$, with a net total return of 88.78% (2.47% annualized).

Drawdowns

Worst drawdowns since January 1998.

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Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-73.69% Jun 2007 Feb 2009 21 in progress 166 187
-42.19% Jun 1998 Oct 2001 41 Oct 2003 24 65
-9.73% Mar 2005 Apr 2005 2 Jul 2005 3 5
-6.65% May 2006 May 2006 1 Oct 2006 5 6
-3.45% Oct 2005 Oct 2005 1 Dec 2005 2 3
-3.24% Jan 2007 Feb 2007 2 Mar 2007 1 3
-2.95% Jan 2005 Jan 2005 1 Feb 2005 1 2
-1.83% Feb 2006 Feb 2006 1 Mar 2006 1 2
-0.25% Apr 2004 Apr 2004 1 May 2004 1 2
-0.06% Jul 2004 Jul 2004 1 Aug 2004 1 2

Worst drawdowns since January 1997.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-73.69% Jun 2007 Feb 2009 21 in progress 166 187
-42.19% Jun 1998 Oct 2001 41 Oct 2003 24 65
-12.09% Aug 1997 Nov 1997 4 Feb 1998 3 7
-9.73% Mar 2005 Apr 2005 2 Jul 2005 3 5
-6.65% May 2006 May 2006 1 Oct 2006 5 6
-4.17% Jan 1997 Apr 1997 4 May 1997 1 5
-3.45% Oct 2005 Oct 2005 1 Dec 2005 2 3
-3.24% Jan 2007 Feb 2007 2 Mar 2007 1 3
-2.95% Jan 2005 Jan 2005 1 Feb 2005 1 2
-1.83% Feb 2006 Feb 2006 1 Mar 2006 1 2
-1.17% Jun 1997 Jun 1997 1 Jul 1997 1 2
-0.25% Apr 2004 Apr 2004 1 May 2004 1 2
-0.06% Jul 2004 Jul 2004 1 Aug 2004 1 2

Rolling Returns ( more details)

iShares MSCI Austria ETF (EWO) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
9.76 89.85
Mar 2009 - Feb 2010
-67.93
Mar 2008 - Feb 2009
40.20%
2 Years
7.85 67.78
Mar 2003 - Feb 2005
-44.99
Mar 2007 - Feb 2009
41.18%
3 Years
6.77 54.36
Oct 2002 - Sep 2005
-28.35
Mar 2006 - Feb 2009
45.13%
5 Years
7.15 40.89
Nov 2002 - Oct 2007
-16.95
Jun 2007 - May 2012
36.76%
7 Years
6.97 29.63
Nov 2000 - Oct 2007
-9.48
Nov 2007 - Oct 2014
24.89%
10 Years
5.51 17.57
May 1997 - Apr 2007
-5.19
Jan 2007 - Dec 2016
23.32%
15 Years
4.71 10.37
Oct 2002 - Sep 2017
-3.05
Oct 2007 - Sep 2022
14.29%
20 Years
6.66 9.25
Nov 2001 - Oct 2021
4.88
Jan 1997 - Dec 2016
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares MSCI Austria ETF (EWO) ETF: Rolling Returns page.

Seasonality

iShares MSCI Austria ETF (EWO) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
3.56
60%
-4.94
40%
-5.49
40%
3.21
60%
0.49
60%
-2.88
40%
1.25
60%
-0.83
40%
-3.23
40%
1.87
60%
6.96
40%
1.55
60%
 Capital Growth on monthly avg returns
100
103.56
98.45
93.05
96.03
96.50
93.72
94.90
94.11
91.07
92.77
99.23
100.77
Best 8.7
2019
2.5
2021
3.2
2021
9.8
2020
8.9
2021
4.6
2019
5.1
2018
4.9
2020
2.2
2019
10.6
2022
26.9
2020
10.9
2020
Worst -3.9
2020
-12.8
2022
-27.6
2020
-5.6
2022
-8.2
2019
-14.1
2022
-2.6
2019
-6.2
2022
-10.9
2022
-7.4
2018
-4.2
2021
-10.0
2018
Monthly Seasonality over the period Jan 2018 - Dec 2022
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.14
50%
-1.31
40%
-2.12
40%
4.01
80%
0.29
40%
-3.04
40%
2.28
70%
-0.52
50%
-1.33
50%
2.20
70%
3.45
50%
0.60
50%
 Capital Growth on monthly avg returns
100
101.14
99.82
97.70
101.62
101.92
98.82
101.07
100.54
99.21
101.38
104.88
105.51
Best 8.7
2019
12.3
2015
11.2
2016
9.8
2020
8.9
2021
4.6
2019
7.6
2013
4.9
2020
7.9
2013
10.6
2022
26.9
2020
10.9
2020
Worst -8.8
2016
-12.8
2022
-27.6
2020
-5.6
2022
-8.2
2019
-14.1
2022
-8.8
2014
-6.2
2022
-10.9
2022
-7.4
2018
-4.2
2021
-10.0
2018
Monthly Seasonality over the period Jan 2013 - Dec 2022
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.73
50%
-0.02
54%
1.07
62%
3.73
73%
0.50
54%
-1.49
50%
1.27
62%
-1.42
42%
-1.62
54%
0.66
62%
0.98
50%
3.77
65%
 Capital Growth on monthly avg returns
100
100.73
100.71
101.79
105.59
106.12
104.54
105.87
104.36
102.67
103.34
104.36
108.29
Best 10.9
2006
12.3
2015
20.8
2009
12.0
2009
21.8
2009
6.5
2004
19.1
2010
16.1
2009
14.9
2010
11.8
1998
26.9
2020
16.9
2010
Worst -11.3
2008
-15.1
2009
-27.6
2020
-5.6
2022
-15.9
2010
-14.1
2022
-10.4
2002
-19.9
1998
-26.0
2008
-35.8
2008
-12.8
2008
-10.0
2018
Monthly Seasonality over the period Jan 1997 - Dec 2022

Monthly/Yearly Returns

iShares MSCI Austria ETF (EWO) ETF data source starts from January 1997: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Jan 1997 - Dec 2022
176 Positive Months (56%) - 136 Negative Months (44%)
MONTHLY RETURNS TABLE
Jan 1997 - Dec 2022
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-21.92 -26.65 -0.2 -12.8 -2.6 -5.6 5.6 -14.1 2.8 -6.2 -10.9 10.6 15.5 -2.0
2021
+31.54 +22.89 4.6 2.5 3.2 5.6 8.9 -4.1 1.6 3.9 -1.7 2.4 -4.2 5.9
2020
-3.68 -4.98 -3.9 -9.4 -27.6 9.8 1.9 1.8 -0.6 4.9 -6.1 -2.7 26.9 10.9
2019
+17.07 +14.45 8.7 0.8 -1.1 6.8 -8.2 4.6 -2.6 -2.5 2.2 6.4 -1.0 3.0
2018
-22.87 -24.32 8.6 -5.8 0.6 -0.6 -5.8 -2.5 5.1 -4.2 0.4 -7.4 -2.5 -10.0
2017
+52.50 +49.35 5.6 -0.3 4.4 7.8 8.0 1.9 7.6 0.4 2.1 1.8 0.8 3.3
2016
+7.91 +5.72 -8.8 -1.0 11.2 3.3 -5.0 -6.4 7.0 3.0 4.5 0.7 -2.1 3.1
2015
+4.60 +3.85 -4.4 12.3 -3.2 7.0 -0.6 -4.3 3.2 -5.0 -3.7 6.7 -1.6 -0.2
2014
-20.93 -21.52 -1.6 4.5 -1.9 1.4 -1.0 0.2 -8.8 -1.8 -8.0 -0.2 1.4 -6.5
2013
+11.45 +9.80 2.7 -3.9 -4.2 4.5 -0.9 -7.4 7.6 2.5 7.9 3.6 1.2 -1.5
2012
+31.02 +28.78 10.5 6.2 -1.6 -1.9 -13.8 5.8 -2.3 2.9 5.9 5.8 4.7 7.5
2011
-34.23 -36.13 1.0 0.7 3.0 2.2 -2.7 -0.5 -7.2 -11.6 -19.6 6.5 -7.8 -2.1
2010
+15.74 +14.03 -3.9 -2.3 7.5 0.1 -15.9 -7.2 19.1 -5.7 14.9 6.9 -9.0 16.9
2009
+57.90 +53.72 -8.0 -15.1 20.8 12.0 21.8 -1.8 8.4 16.1 7.9 -6.4 3.4 -5.1
2008
-63.14 -63.17 -11.3 1.2 1.5 10.6 4.4 -9.3 -9.2 -6.5 -26.0 -35.8 -12.8 10.0
2007
+1.69 -2.30 -0.6 -2.6 8.6 4.2 1.7 -2.8 -5.2 -1.8 1.0 8.4 -7.1 -0.6
2006
+36.76 +33.38 10.9 -1.8 3.6 5.8 -6.7 0.5 0.2 0.6 1.5 5.7 5.0 7.6
2005
+21.12 +17.12 -3.0 9.0 -6.3 -3.6 2.9 6.1 3.4 8.4 0.3 -3.4 2.2 4.7
2004
+73.10 +67.64 10.0 4.1 5.0 -0.2 0.6 6.5 -0.1 0.4 3.8 6.2 14.0 6.9
2003
+57.06 +54.17 3.7 -1.5 0.6 11.8 8.2 0.5 2.5 -4.1 5.0 4.4 7.9 8.2
2002
+19.71 +16.93 1.4 4.9 6.8 8.0 2.2 0.2 -10.4 -2.1 -6.0 3.2 1.5 10.2
2001
-2.14 -3.63 4.3 8.4 -7.0 2.6 -4.2 0.4 4.2 2.5 -12.7 -6.2 9.2 -1.2
2000
-8.01 -11.02 -2.3 -4.6 0.0 -2.4 5.0 0.0 0.8 -2.6 -0.8 -6.5 -2.6 8.6
1999
-14.36 -16.60 -4.5 2.0 -2.0 4.7 -5.7 2.7 -2.6 -0.3 -5.5 -1.4 -4.4 2.3
1998
+3.44 +1.80 2.3 4.0 6.6 6.2 6.3 -8.2 1.0 -19.9 -6.5 11.8 -5.6 10.3
1997
+2.73 +1.01 -3.0 0.0 1.8 -3.0 6.2 -1.2 7.7 -8.2 7.8 -3.9 -7.5 7.9
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