iShares MSCI Japan ETF (EWJ): Rolling Returns

Data Source: from January 1985 to March 2024 (~39 years)
Consolidated Returns as of 31 March 2024

Holding the iShares MSCI Japan ETF (EWJ) ETF, how long should you stay invested to have high probability to obtain a positive return?

Considering all the available data source (~39 years), the longest period with a negative return lasted 374 months (from February 1989 to March 2020).

This means that every rolling period of 375 months or above has always granted a positive return.

To obtain comprehensive information, please consult the iShares MSCI Japan ETF (EWJ) ETF: Historical Returns page.

Previous vs subsequent Returns

Considering all 10-year rolling periods, is there a relationship between past and future returns, at a given date?

In the following chart, we show how past returns (x-axis) and subsequent returns (y-axis) are related.

Neighboring data is aggregated and occurrences are indicated. It is possible to zoom by clicking or drawing the desired area

ISHARES MSCI JAPAN ETF (EWJ) ETF
Previous vs Next Returns - 10 Years annualized
Updated to March 2024

The annualized return of the last 10 years has been 6.32% (updated at Mar 31, 2024).

Rolling Returns

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MSCI JAPAN ETF (EWJ) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 April 1994 - 31 March 2024 (30 Years)
Data Source: 1 January 1985 - 31 March 2024 (~39 years)
Inflation Adjusted:

Annualized Rolling Returns - 1 Year (12 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.17% +76.80%
Aug 1985 - Jul 1986 		-40.40%
Mar 2008 - Feb 2009 		40.22%
185 out of 460
US Inflation Adjusted +2.64% +73.89%
Aug 1985 - Jul 1986 		-40.41%
Mar 2008 - Feb 2009 		44.57%
205 out of 460
1 Year Annualized Rolling Returns
Timeframes ending in every month
1 Year Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 2 Years (24 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.99% +50.06%
Sep 1985 - Aug 1987 		-29.00%
Feb 2000 - Jan 2002 		41.52%
186 out of 448
US Inflation Adjusted +1.01% +46.17%
May 1985 - Apr 1987 		-30.70%
Feb 2000 - Jan 2002 		47.54%
213 out of 448
2 Years Annualized Rolling Returns
Timeframes ending in every month
2 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 3 Years (36 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.35% +42.38%
May 1985 - Apr 1988 		-24.82%
Apr 2000 - Mar 2003 		33.94%
148 out of 436
US Inflation Adjusted +0.79% +38.13%
May 1985 - Apr 1988 		-26.62%
Apr 2000 - Mar 2003 		46.33%
202 out of 436
3 Years Annualized Rolling Returns
Timeframes ending in every month
3 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 4 Years (48 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.97% +36.81%
Feb 1985 - Jan 1989 		-14.70%
Sep 1994 - Aug 1998 		38.68%
164 out of 424
US Inflation Adjusted -0.17% +32.20%
Feb 1985 - Jan 1989 		-17.67%
Feb 1989 - Jan 1993 		50.71%
215 out of 424
4 Years Annualized Rolling Returns
Timeframes ending in every month
4 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 5 Years (60 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.32% +26.96%
Feb 1985 - Jan 1990 		-11.19%
Sep 1993 - Aug 1998 		42.72%
176 out of 412
US Inflation Adjusted -1.47% +22.29%
Feb 1985 - Jan 1990 		-13.31%
Sep 1993 - Aug 1998 		55.34%
228 out of 412
5 Years Annualized Rolling Returns
Timeframes ending in every month
5 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 6 Years (72 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.68% +20.30%
Mar 1985 - Feb 1991 		-9.25%
Jun 1997 - May 2003 		34.75%
139 out of 400
US Inflation Adjusted -1.18% +15.63%
Mar 1985 - Feb 1991 		-11.26%
Jun 1997 - May 2003 		58.50%
234 out of 400
6 Years Annualized Rolling Returns
Timeframes ending in every month
6 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 7 Years (84 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.37% +15.58%
Feb 1985 - Jan 1992 		-9.30%
May 1996 - Apr 2003 		34.54%
134 out of 388
US Inflation Adjusted -0.32% +11.23%
Feb 1985 - Jan 1992 		-11.35%
May 1996 - Apr 2003 		51.80%
201 out of 388
7 Years Annualized Rolling Returns
Timeframes ending in every month
7 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 8 Years (96 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.68% +12.88%
Aug 1985 - Jul 1993 		-8.17%
Nov 1994 - Oct 2002 		38.03%
143 out of 376
US Inflation Adjusted -0.77% +8.80%
Aug 1985 - Jul 1993 		-10.35%
Nov 1994 - Oct 2002 		53.99%
203 out of 376
8 Years Annualized Rolling Returns
Timeframes ending in every month
8 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 9 Years (108 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.86% +13.29%
Mar 1985 - Feb 1994 		-7.99%
May 1994 - Apr 2003 		34.07%
124 out of 364
US Inflation Adjusted -0.80% +9.31%
Mar 1985 - Feb 1994 		-10.70%
Oct 1989 - Sep 1998 		57.14%
208 out of 364
9 Years Annualized Rolling Returns
Timeframes ending in every month
9 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 10 Years (120 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.96% +11.15%
Jan 1985 - Dec 1994 		-6.04%
May 1993 - Apr 2003 		32.95%
116 out of 352
US Inflation Adjusted -0.59% +7.30%
Jan 1985 - Dec 1994 		-8.50%
Sep 1988 - Aug 1998 		56.82%
200 out of 352
10 Years Annualized Rolling Returns
Timeframes ending in every month
10 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 11 Years (132 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.62% +9.27%
May 1985 - Apr 1996 		-5.66%
Nov 1991 - Oct 2002 		33.53%
114 out of 340
US Inflation Adjusted -0.73% +5.58%
May 1985 - Apr 1996 		-8.01%
Nov 1991 - Oct 2002 		60.29%
205 out of 340
11 Years Annualized Rolling Returns
Timeframes ending in every month
11 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 12 Years (144 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.44% +8.92%
Mar 2009 - Feb 2021 		-5.96%
May 1991 - Apr 2003 		28.35%
93 out of 328
US Inflation Adjusted -0.83% +6.99%
Mar 2009 - Feb 2021 		-8.32%
May 1991 - Apr 2003 		59.76%
196 out of 328
12 Years Annualized Rolling Returns
Timeframes ending in every month
12 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 13 Years (156 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.49% +7.71%
Mar 2009 - Feb 2022 		-5.73%
Feb 1989 - Jan 2002 		28.80%
91 out of 316
US Inflation Adjusted -0.85% +5.32%
Mar 2009 - Feb 2022 		-8.46%
Feb 1989 - Jan 2002 		59.49%
188 out of 316
13 Years Annualized Rolling Returns
Timeframes ending in every month
13 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 14 Years (168 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.39% +7.05%
Jan 1986 - Dec 1999 		-5.89%
May 1989 - Apr 2003 		34.21%
104 out of 304
US Inflation Adjusted -1.10% +4.24%
May 2003 - Apr 2017 		-8.53%
May 1989 - Apr 2003 		57.89%
176 out of 304
14 Years Annualized Rolling Returns
Timeframes ending in every month
14 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 15 Years (180 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.19% +8.46%
Jan 1985 - Dec 1999 		-4.99%
May 1988 - Apr 2003 		33.90%
99 out of 292
US Inflation Adjusted -1.16% +5.12%
Jan 1985 - Dec 1999 		-7.78%
May 1988 - Apr 2003 		63.36%
185 out of 292
15 Years Annualized Rolling Returns
Timeframes ending in every month
15 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 16 Years (192 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.04% +6.23%
Feb 2002 - Jan 2018 		-3.19%
May 1987 - Apr 2003 		34.29%
96 out of 280
US Inflation Adjusted -1.46% +4.03%
May 2003 - Apr 2019 		-6.09%
May 1987 - Apr 2003 		70.36%
197 out of 280
16 Years Annualized Rolling Returns
Timeframes ending in every month
16 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 17 Years (204 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +0.92% +5.88%
Feb 2003 - Jan 2020 		-2.30%
Mar 1992 - Feb 2009 		30.60%
82 out of 268
US Inflation Adjusted -1.59% +3.72%
Feb 2003 - Jan 2020 		-4.73%
Mar 1992 - Feb 2009 		70.90%
190 out of 268
17 Years Annualized Rolling Returns
Timeframes ending in every month
17 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 18 Years (216 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.25% +6.90%
Apr 2003 - Mar 2021 		-3.03%
Mar 1991 - Feb 2009 		25.00%
64 out of 256
US Inflation Adjusted -1.18% +4.75%
Apr 2003 - Mar 2021 		-5.45%
Mar 1991 - Feb 2009 		70.31%
180 out of 256
18 Years Annualized Rolling Returns
Timeframes ending in every month
18 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 19 Years (228 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.16% +6.18%
Nov 2002 - Oct 2021 		-2.93%
Mar 1990 - Feb 2009 		23.77%
58 out of 244
US Inflation Adjusted -1.20% +3.84%
Nov 2002 - Oct 2021 		-5.49%
Mar 1990 - Feb 2009 		65.57%
160 out of 244
19 Years Annualized Rolling Returns
Timeframes ending in every month
19 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 20 Years (240 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.40% +5.59%
May 2003 - Apr 2023 		-3.39%
Mar 1989 - Feb 2009 		25.00%
58 out of 232
US Inflation Adjusted -0.96% +3.00%
Feb 2002 - Jan 2022 		-6.06%
Mar 1989 - Feb 2009 		65.95%
153 out of 232
20 Years Annualized Rolling Returns
Timeframes ending in every month
20 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

To obtain comprehensive information, please consult the iShares MSCI Japan ETF (EWJ) ETF: Historical Returns page.