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

In the last 25 Years, the iShares MSCI Malaysia ETF (EWM) ETF obtained a 5.17% compound annual return, with a 34.00% standard deviation.

In 2022, the ETF granted a 2.75% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Malaysia ETF (EWM) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Emerging Asia Pacific
  • Country: Malaysia

Historical Returns as of Dec 31, 2022

Historical returns and Metrics of iShares MSCI Malaysia ETF (EWM) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
ISHARES MSCI MALAYSIA ETF (EWM) 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 (%)
1.59 14.22 5.06 -5.98 -3.52 -3.66 -2.85 5.75 0.62
US Inflation (%) -0.31 0.00 0.16 6.45 4.92 3.78 2.60 2.51 2.44
Infl. Adjusted
Return (%)
1.90 14.22 4.89 -11.68 -8.04 -7.17 -5.31 3.16 -1.78
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 17.21 17.17 15.32 15.31 17.24 34.60
Sharpe Ratio -0.43 -0.24 -0.31 -0.23 0.27 -0.10
Sortino Ratio -0.61 -0.35 -0.46 -0.32 0.38 -0.17
MAXIMUM DRAWDOWN
Drawdown Depth (%) -20.55 -23.78 -33.72 -41.03 -45.11 -86.88
Start (yyyy mm) 2022 03 2021 01 2018 04 2014 09 2008 02 1997 03
Bottom (yyyy mm) 2022 09 2022 09 2022 09 2022 09 2008 11 1998 08
Start to Bottom (# months) 7 21 54 97 10 18
Start to Recovery (# months) in progress
> 10
> 24
> 57
> 100
30
128
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 200.99 39.34 27.86 19.95 12.43
Worst Return (%) -74.84 -19.94 -17.14 -3.68 0.65
% Positive Periods 59% 65% 66% 83% 100%
MONTHS
Positive 1 3 4 5 16 24 56 127 160
Negative 0 0 2 7 20 36 64 113 152
% Positive 100% 100% 67% 42% 44% 40% 47% 53% 51%
WITHDRAWAL RATES (WR)
Safe WR (%) 29.78 16.83 7.68 10.89 2.22
Perpetual WR (%) 0.00 0.00 0.00 3.07 0.00
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 Malaysia ETF (EWM) 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 MALAYSIA ETF (EWM) ETF
Monthly correlations as of 31 December 2022
Swipe left to see all data
Correlation vs EWM
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 1997
US Total Stock Market
VTI
0.69
0.61
0.52
0.40
US Large Cap
SPY
0.68
0.60
0.53
0.38
US Small Cap
IJR
0.71
0.58
0.43
0.39
US REITs
VNQ
0.70
0.51
0.44
0.29
US Technology
QQQ
0.60
0.49
0.45
0.31
Preferred Stocks
PFF
0.51
0.49
0.41
0.16
EAFE Stocks
EFA
0.78
0.73
0.65
0.43
World All Countries
VT
0.76
0.69
0.62
0.44
Emerging Markets
EEM
0.70
0.72
0.70
0.55
Europe
VGK
0.75
0.74
0.63
0.40
Pacific
VPL
0.86
0.71
0.64
0.41
Latin America
FLLA
0.43
0.66
0.64
0.46
US Total Bond Market
BND
0.68
0.30
0.28
0.03
Long Term Treasuries
TLT
0.62
0.02
0.07
-0.08
US Cash
BIL
0.19
-0.10
-0.03
-0.02
TIPS
TIP
0.83
0.39
0.35
0.05
Invest. Grade Bonds
LQD
0.69
0.47
0.42
0.12
High Yield Bonds
HYG
0.70
0.61
0.50
0.29
International Bonds
BNDX
0.61
0.25
0.23
0.10
Emerg. Market Bonds
EMB
0.68
0.63
0.58
0.43
Gold
GLD
0.70
0.37
0.15
0.14
Commodities
DBC
0.41
0.51
0.35
0.17

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 Malaysia ETF (EWM) ETF: Dividend Yield page.

An investment of 1000$, since January 1998, now would be worth 3529.38$, with a total return of 252.94% (5.17% annualized).

The Inflation Adjusted Capital now would be 1918.11$, with a net total return of 91.81% (2.64% annualized).
An investment of 1000$, since January 1997, now would be worth 1174.60$, with a total return of 17.46% (0.62% annualized).

The Inflation Adjusted Capital now would be 627.68$, with a net total return of -37.23% (-1.78% annualized).

Drawdowns

Worst drawdowns since January 1998.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-67.49% Apr 1998 Aug 1998 5 Apr 1999 8 13
-45.11% Feb 2008 Nov 2008 10 Jul 2010 20 30
-44.25% Mar 2000 May 2001 15 Feb 2004 33 48
-41.03% Sep 2014 Sep 2022 97 in progress 3 100
-28.88% Jul 1999 Sep 1999 3 Dec 1999 3 6
-20.22% Jul 2011 Sep 2011 3 Oct 2012 13 16
-14.00% May 1999 May 1999 1 Jun 1999 1 2
-13.58% Apr 2004 May 2004 2 Nov 2004 6 8
-8.51% Jun 2013 Aug 2013 3 Oct 2013 2 5
-7.20% Jun 2007 Aug 2007 3 Oct 2007 2 5
-7.08% Jan 2014 Jan 2014 1 Apr 2014 3 4
-6.64% Feb 2005 May 2005 4 Jul 2005 2 6
-6.54% May 2006 Jun 2006 2 Oct 2006 4 6
-5.38% Aug 2005 Nov 2005 4 Jan 2006 2 6
-4.65% Nov 2007 Nov 2007 1 Dec 2007 1 2
-4.49% Jan 2013 Jan 2013 1 Apr 2013 3 4
-3.20% Nov 2010 Nov 2010 1 Dec 2010 1 2
-2.16% Jan 2011 Feb 2011 2 Mar 2011 1 3
-1.87% Nov 2012 Nov 2012 1 Dec 2012 1 2
-1.25% Jan 1998 Jan 1998 1 Feb 1998 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
-86.88% Mar 1997 Aug 1998 18 Oct 2007 110 128
-45.11% Feb 2008 Nov 2008 10 Jul 2010 20 30
-41.03% Sep 2014 Sep 2022 97 in progress 3 100
-20.22% Jul 2011 Sep 2011 3 Oct 2012 13 16
-8.51% Jun 2013 Aug 2013 3 Oct 2013 2 5
-7.08% Jan 2014 Jan 2014 1 Apr 2014 3 4
-4.65% Nov 2007 Nov 2007 1 Dec 2007 1 2
-4.49% Jan 2013 Jan 2013 1 Apr 2013 3 4
-3.20% Nov 2010 Nov 2010 1 Dec 2010 1 2
-2.16% Jan 2011 Feb 2011 2 Mar 2011 1 3
-1.87% Nov 2012 Nov 2012 1 Dec 2012 1 2
-0.69% Nov 2013 Nov 2013 1 Dec 2013 1 2
-0.57% Jul 2014 Jul 2014 1 Aug 2014 1 2

Rolling Returns ( more details)

iShares MSCI Malaysia ETF (EWM) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
7.35 200.99
Sep 1998 - Aug 1999
-74.84
Sep 1997 - Aug 1998
40.86%
2 Years
5.94 79.02
Sep 1998 - Aug 2000
-53.15
Apr 1997 - Mar 1999
39.45%
3 Years
5.52 39.34
Sep 1998 - Aug 2001
-19.94
Mar 1997 - Feb 2000
34.66%
5 Years
6.04 27.86
Sep 1998 - Aug 2003
-17.14
Jan 1997 - Dec 2001
33.60%
7 Years
6.42 23.25
Oct 1998 - Sep 2005
-9.20
Jan 1997 - Dec 2003
27.95%
10 Years
7.14 19.95
Sep 1998 - Aug 2008
-3.68
Oct 2012 - Sep 2022
17.10%
15 Years
7.09 17.74
Oct 1998 - Sep 2013
-0.35
Nov 2007 - Oct 2022
0.75%
20 Years
5.94 12.43
Sep 1998 - Aug 2018
0.65
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 Malaysia ETF (EWM) ETF: Rolling Returns page.

Seasonality

iShares MSCI Malaysia ETF (EWM) 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
-0.57
40%
-0.20
40%
-1.85
20%
-0.56
40%
-0.92
20%
-1.81
40%
2.21
60%
-0.30
20%
-3.22
0%
-0.26
60%
1.94
40%
2.97
100%
 Capital Growth on monthly avg returns
100
99.43
99.23
97.40
96.86
95.97
94.23
96.32
96.02
92.93
92.69
94.49
97.30
Best 8.0
2018
5.9
2022
3.3
2018
2.6
2021
6.6
2020
2.6
2020
8.3
2020
7.5
2021
-0.3
2019
3.9
2022
9.3
2020
4.7
2019
Worst -6.1
2021
-5.1
2020
-8.9
2020
-3.1
2022
-6.8
2018
-7.3
2022
-3.3
2021
-3.4
2019
-9.5
2022
-6.5
2018
-5.2
2021
0.8
2018
Monthly Seasonality over the period Jan 2018 - Dec 2022
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
-0.93
40%
0.66
60%
1.03
50%
0.68
60%
-1.50
40%
-0.77
50%
0.70
40%
-2.00
30%
-1.82
20%
0.55
50%
0.06
40%
1.64
80%
 Capital Growth on monthly avg returns
100
99.07
99.72
100.75
101.44
99.92
99.15
99.84
97.84
96.06
96.59
96.64
98.23
Best 8.0
2018
5.9
2022
13.8
2016
5.7
2013
6.6
2020
6.0
2016
8.3
2020
7.5
2021
4.2
2013
5.5
2013
9.3
2020
5.4
2017
Worst -7.1
2014
-5.1
2020
-8.9
2020
-4.0
2016
-7.4
2016
-7.3
2022
-3.3
2021
-16.1
2015
-9.5
2022
-6.5
2018
-8.2
2016
-5.7
2014
Monthly Seasonality over the period Jan 2013 - Dec 2022
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
1.88
62%
0.97
54%
-0.18
50%
3.79
58%
-1.56
38%
-0.29
54%
0.46
46%
-3.56
38%
-2.77
35%
2.63
69%
0.76
38%
3.53
73%
 Capital Growth on monthly avg returns
100
101.88
102.87
102.69
106.58
104.92
104.61
105.10
101.35
98.54
101.13
101.91
105.50
Best 12.7
1999
26.6
1998
13.8
2016
112.8
1999
10.0
2000
27.9
1999
10.5
2001
7.5
2021
7.3
2007
16.7
1999
40.9
1998
31.4
1999
Worst -7.1
2014
-9.7
1999
-16.1
1999
-18.8
1998
-14.0
1999
-24.7
1998
-18.2
1999
-34.3
1998
-14.2
2011
-21.3
1997
-19.0
1997
-7.7
2000
Monthly Seasonality over the period Jan 1997 - Dec 2022

Monthly/Yearly Returns

iShares MSCI Malaysia ETF (EWM) 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
160 Positive Months (51%) - 152 Negative Months (49%)
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
-5.98 -11.68 -2.2 5.9 -1.2 -3.1 -2.6 -7.3 2.9 -1.2 -9.5 3.9 8.2 1.6
2021
-7.41 -13.49 -6.1 0.6 -0.4 2.6 -1.4 -3.9 -3.3 7.5 -4.5 3.6 -5.2 4.0
2020
+3.17 +1.78 -5.9 -5.1 -8.9 1.5 6.6 2.6 8.3 -2.9 -1.3 -3.2 9.3 3.9
2019
-1.42 -3.62 3.3 -0.7 -2.0 -0.8 -0.3 2.2 -2.8 -3.4 -0.3 1.0 -2.1 4.7
2018
-6.27 -8.03 8.0 -1.8 3.3 -3.0 -6.8 -2.6 6.0 -1.6 -0.5 -6.5 -0.6 0.8
2017
+24.32 +21.75 4.1 1.0 3.4 4.0 0.7 0.5 -0.1 0.8 1.4 -0.7 1.9 5.4
2016
-4.04 -5.99 4.8 -3.5 13.8 -4.0 -7.4 6.0 -1.0 -0.4 -0.9 -1.6 -8.2 0.1
2015
-20.67 -21.24 -3.8 4.6 -2.1 2.4 -5.7 -4.5 0.3 -16.1 -2.7 3.8 3.0 -0.4
2014
-11.55 -12.22 -7.1 4.3 2.1 1.6 0.8 0.8 -0.6 1.6 -4.0 -0.2 -5.1 -5.7
2013
+7.80 +6.21 -4.5 1.2 2.4 5.7 1.2 -1.5 -2.8 -4.4 4.2 5.5 -0.7 2.1
2012
+14.79 +12.82 5.3 4.0 -0.5 -0.6 -4.3 3.5 0.9 0.9 0.3 2.7 -1.9 4.0
2011
-2.67 -5.47 -1.2 -1.0 5.1 1.5 0.5 2.4 -1.4 -5.8 -14.2 13.9 1.2 -1.3
2010
+38.99 +36.94 -0.7 1.3 9.3 2.8 -7.7 4.1 7.3 5.1 6.6 2.4 -3.2 7.4
2009
+49.42 +45.46 -3.8 -0.3 0.0 16.3 8.5 2.1 9.7 -0.8 4.8 3.5 3.5 -0.9
2008
-40.19 -40.24 2.7 -4.1 -5.4 0.8 -2.6 -8.9 -1.6 -9.0 -7.0 -17.4 -1.5 6.1
2007
+44.60 +38.93 11.9 -1.1 7.5 5.2 4.8 -1.2 -1.0 -5.1 7.3 10.3 -4.7 5.3
2006
+36.34 +32.96 6.5 1.0 1.9 4.4 -3.1 -3.6 3.3 2.4 -0.6 5.6 11.9 2.7
2005
-0.55 -3.83 1.1 -0.8 -5.3 1.3 -1.9 2.5 7.5 -2.4 0.8 -2.0 -1.8 1.0
2004
+13.29 +9.72 2.9 8.3 1.4 -9.9 -4.1 2.4 2.0 -1.7 3.9 1.9 7.2 -0.4
2003
+32.50 +30.06 5.6 -4.0 -2.0 -1.2 8.7 3.5 6.3 3.4 -3.4 14.6 -5.8 4.6
2002
-1.68 -3.96 2.9 1.9 8.6 6.8 -6.2 -3.5 -0.7 1.4 -12.5 6.2 -4.5 0.1
2001
+4.35 +2.76 11.6 -8.8 -9.1 -8.3 -6.1 6.7 10.5 5.2 -11.9 0.9 6.8 11.3
2000
-27.49 -29.86 0.9 2.6 -5.1 -9.9 10.0 -9.1 -4.0 -0.2 -11.6 9.5 -4.3 -7.7
1999
+106.06 +100.67 12.7 -9.7 -16.1 112.8 -14.0 27.9 -18.2 0.3 -13.3 16.7 -5.5 31.4
1998
-24.74 -25.93 -1.2 26.6 1.0 -18.8 -11.0 -24.7 -9.1 -34.3 0.0 15.6 40.9 12.6
1997
-66.72 -67.28 1.2 2.9 -6.3 -11.4 2.9 -4.2 -6.3 -31.9 -3.1 -21.3 -19.0 -0.8
Share this page