iShares MSCI Japan ETF (EWJ): Rolling Returns

Simulation Settings
Category:
Period: January 1985 - October 2025 (~41 years)
Initial Amount: 1$
Currency: USD
Inflation: US
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When holding the iShares MSCI Japan ETF (EWJ) ETF, how long should you stay invested to have high probability to achieve a positive return?

Over the selected period (~41 years), the longest duration with a negative return was 374 months (from February 1989 to March 2020).

This indicates that, within the same timeframe, any rolling period of 375 months or more has consistently resulted in a positive return.

Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.

Previous vs subsequent Returns

Is there a correlation between past and future returns over all 10-year rolling periods?

The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).

Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.

ISHARES MSCI JAPAN ETF (EWJ) ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 November 1995 - 31 October 2025 (30 Years)
Time Period: 1 January 1985 - 31 October 2025 (~41 years)
30 Years
(1995/11 - 2025/10)
All Data
(1985/01 - 2025/10)

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As of Oct 31, 2025, the annualized return of the previous 10 years has been 7.24%.

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
Time Period: 1 November 1995 - 31 October 2025 (30 Years)
Time Period: 1 January 1985 - 31 October 2025 (~41 years)
30 Years
(1995/11 - 2025/10)
All Data
(1985/01 - 2025/10)
US Inflation Adjusted:

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Rolling Period Analysis

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.

ISHARES MSCI JAPAN ETF (EWJ) ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 January 1985 - 31 October 2025 (~41 years)
Over Time
Histogram
US Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-40.40%
Mar 2008 - Feb 2009
+6.13% +76.80%
Aug 1985 - Jul 1986
38.83%
186 out of 479
-40.41%
Mar 2008 - Feb 2009
+3.24% +73.89%
Aug 1985 - Jul 1986
43.22%
207 out of 479
-29.00%
Feb 2000 - Jan 2002
+3.62% +50.06%
Sep 1985 - Aug 1987
39.83%
186 out of 467
-30.70%
Feb 2000 - Jan 2002
+1.61% +46.17%
May 1985 - Apr 1987
45.61%
213 out of 467
-24.82%
Apr 2000 - Mar 2003
+3.49% +42.38%
May 1985 - Apr 1988
32.53%
148 out of 455
-26.62%
Apr 2000 - Mar 2003
+0.77% +38.13%
May 1985 - Apr 1988
46.59%
212 out of 455
-14.70%
Sep 1994 - Aug 1998
+3.26% +36.81%
Feb 1985 - Jan 1989
37.02%
164 out of 443
-17.67%
Feb 1989 - Jan 1993
-0.08% +32.20%
Feb 1985 - Jan 1989
50.11%
222 out of 443
-11.19%
Sep 1993 - Aug 1998
+1.91% +26.96%
Feb 1985 - Jan 1990
40.84%
176 out of 431
-13.31%
Sep 1993 - Aug 1998
-0.87% +22.29%
Feb 1985 - Jan 1990
52.90%
228 out of 431
-9.25%
Jun 1997 - May 2003
+1.95% +20.30%
Mar 1985 - Feb 1991
33.17%
139 out of 419
-11.26%
Jun 1997 - May 2003
-0.93% +15.63%
Mar 1985 - Feb 1991
56.09%
235 out of 419
-9.30%
May 1996 - Apr 2003
+2.65% +15.58%
Feb 1985 - Jan 1992
32.92%
134 out of 407
-11.35%
May 1996 - Apr 2003
-0.10% +11.23%
Feb 1985 - Jan 1992
50.37%
205 out of 407
-8.17%
Nov 1994 - Oct 2002
+2.18% +12.88%
Aug 1985 - Jul 1993
36.20%
143 out of 395
-10.35%
Nov 1994 - Oct 2002
-0.48% +8.80%
Aug 1985 - Jul 1993
51.39%
203 out of 395
-7.99%
May 1994 - Apr 2003
+2.08% +13.29%
Mar 1985 - Feb 1994
32.38%
124 out of 383
-10.70%
Oct 1989 - Sep 1998
-0.46% +9.31%
Mar 1985 - Feb 1994
54.31%
208 out of 383
-6.04%
May 1993 - Apr 2003
+2.10% +11.15%
Jan 1985 - Dec 1994
31.27%
116 out of 371
-8.50%
Sep 1988 - Aug 1998
-0.41% +7.30%
Jan 1985 - Dec 1994
53.91%
200 out of 371
-5.66%
Nov 1991 - Oct 2002
+1.79% +9.27%
May 1985 - Apr 1996
31.75%
114 out of 359
-8.01%
Nov 1991 - Oct 2002
-0.46% +5.58%
May 1985 - Apr 1996
57.10%
205 out of 359
-5.96%
May 1991 - Apr 2003
+1.62% +8.92%
Mar 2009 - Feb 2021
26.80%
93 out of 347
-8.32%
May 1991 - Apr 2003
-0.57% +6.99%
Mar 2009 - Feb 2021
56.48%
196 out of 347
-5.73%
Feb 1989 - Jan 2002
+1.71% +8.38%
Nov 2012 - Oct 2025
27.16%
91 out of 335
-8.46%
Feb 1989 - Jan 2002
-0.66% +5.61%
Nov 2012 - Oct 2025
56.12%
188 out of 335
-5.89%
May 1989 - Apr 2003
+1.88% +7.64%
Nov 2011 - Oct 2025
32.20%
104 out of 323
-8.53%
May 1989 - Apr 2003
-0.54% +4.92%
Nov 2011 - Oct 2025
54.49%
176 out of 323
-4.99%
May 1988 - Apr 2003
+1.49% +8.46%
Jan 1985 - Dec 1999
31.83%
99 out of 311
-7.78%
May 1988 - Apr 2003
-0.85% +5.12%
Jan 1985 - Dec 1999
59.49%
185 out of 311
-3.19%
May 1987 - Apr 2003
+1.25% +7.15%
Mar 2009 - Feb 2025
32.11%
96 out of 299
-6.09%
May 1987 - Apr 2003
-1.25% +4.46%
Mar 2009 - Feb 2025
65.89%
197 out of 299
-2.30%
Mar 1992 - Feb 2009
+1.04% +6.81%
Nov 2008 - Oct 2025
28.57%
82 out of 287
-4.73%
Mar 1992 - Feb 2009
-1.33% +4.31%
Nov 2008 - Oct 2025
66.20%
190 out of 287
-3.03%
Mar 1991 - Feb 2009
+1.45% +6.90%
Apr 2003 - Mar 2021
23.27%
64 out of 275
-5.45%
Mar 1991 - Feb 2009
-0.94% +4.75%
Apr 2003 - Mar 2021
66.18%
182 out of 275
-2.93%
Mar 1990 - Feb 2009
+1.36% +6.18%
Nov 2002 - Oct 2021
22.05%
58 out of 263
-5.49%
Mar 1990 - Feb 2009
-1.11% +3.84%
Nov 2002 - Oct 2021
61.22%
161 out of 263
-3.39%
Mar 1989 - Feb 2009
+1.55% +5.59%
May 2003 - Apr 2023
23.11%
58 out of 251
-6.06%
Mar 1989 - Feb 2009
-0.80% +3.00%
Feb 2002 - Jan 2022
60.96%
153 out of 251
-0.74%
Feb 1989 - Jan 2014
+1.49% +4.21%
Sep 1998 - Aug 2023
16.75%
32 out of 191
-3.34%
Feb 1989 - Jan 2014
-0.77% +1.62%
Sep 1998 - Aug 2023
69.63%
133 out of 191
+0.11%
Jan 1989 - Dec 2018
+1.76% +3.96%
Mar 1985 - Feb 2015
0.00%
0 out of 131
-2.33%
Jan 1989 - Dec 2018
-0.74% +1.24%
Mar 1985 - Feb 2015
81.68%
107 out of 131
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