In the last 25 Years, the iShares MSCI Singapore ETF (EWS) ETF obtained a 4.99% compound annual return, with a 25.27% standard deviation.
In 2022, the ETF granted a 2.26% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Singapore ETF (EWS) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Blend
- Region: Developed Markets
- Country: Broad Developed Markets
Historical Returns as of Dec 31, 2022
Historical returns and Metrics of iShares MSCI Singapore ETF (EWS) ETF.
- No fees or capital gain taxes
- the reinvestment of dividends
Metrics as of Dec 31, 2022 | |||||||||
---|---|---|---|---|---|---|---|---|---|
1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y |
MAX
(~26Y) |
|
Portfolio Return (%) |
-1.09 | 11.11 | 7.52 | -9.79 | -4.49 | -2.42 | 0.07 | 8.01 | 2.45 |
US Inflation (%) | -0.31 | 0.00 | 0.16 | 6.45 | 4.92 | 3.78 | 2.60 | 2.51 | 2.44 |
Infl. Adjusted Return (%) |
-0.79 | 11.11 | 7.35 | -15.26 | -8.96 | -5.97 | -2.47 | 5.37 | 0.01 |
Returns / Inflation rates over 1 year are annualized. | |||||||||
RISK INDICATORS | |||||||||
Standard Deviation (%) | 16.90 | 20.75 | 19.38 | 17.58 | 20.97 | 25.66 | |||
Sharpe Ratio | -0.66 | -0.24 | -0.18 | -0.03 | 0.33 | -0.06 | |||
Sortino Ratio | -1.17 | -0.35 | -0.25 | -0.04 | 0.45 | -0.08 | |||
MAXIMUM DRAWDOWN | |||||||||
Drawdown Depth (%) | -18.81 | -28.13 | -32.07 | -32.07 | -60.07 | -73.77 | |||
Start (yyyy mm) | 2022 01 | 2020 01 | 2018 05 | 2018 05 | 2007 11 | 1997 02 | |||
Bottom (yyyy mm) | 2022 09 | 2020 03 | 2020 03 | 2020 03 | 2009 02 | 1998 08 | |||
Start to Bottom (# months) | 9 | 3 | 23 | 23 | 16 | 19 | |||
Start to Recovery (# months) in progress |
> 12
|
16
|
> 56
|
> 56
|
38
|
117
|
|||
ROLLING PERIOD RETURNS - Annualized | |||||||||
Best Return (%) | 155.37 | 36.20 | 31.21 | 17.54 | 10.45 | ||||
Worst Return (%) | -62.92 | -20.67 | -14.05 | -0.52 | 2.29 | ||||
% Positive Periods | 58% | 66% | 78% | 98% | 100% | ||||
MONTHS | |||||||||
Positive | 0 | 2 | 3 | 3 | 15 | 27 | 60 | 136 | 172 |
Negative | 1 | 1 | 3 | 9 | 21 | 33 | 60 | 104 | 140 |
% Positive | 0% | 67% | 50% | 25% | 42% | 45% | 50% | 57% | 55% |
WITHDRAWAL RATES (WR) | |||||||||
Safe WR (%) | 28.50 | 17.49 | 9.29 | 13.96 | 3.09 | ||||
Perpetual WR (%) | 0.00 | 0.00 | 0.00 | 5.09 | 0.01 |
- 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 Singapore ETF (EWS) 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.
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).
Correlation vs EWS | |||||
---|---|---|---|---|---|
|
|||||
Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 1997 |
|
US Total Stock Market VTI |
0.78
|
0.76
|
0.70
|
0.69
|
|
US Large Cap SPY |
0.79
|
0.75
|
0.70
|
0.68
|
|
US Small Cap IJR |
0.69
|
0.76
|
0.63
|
0.62
|
|
US REITs VNQ |
0.77
|
0.62
|
0.55
|
0.49
|
|
US Technology QQQ |
0.79
|
0.64
|
0.60
|
0.55
|
|
Preferred Stocks PFF |
0.81
|
0.62
|
0.54
|
0.37
|
|
EAFE Stocks EFA |
0.92
|
0.87
|
0.80
|
0.73
|
|
World All Countries VT |
0.88
|
0.83
|
0.79
|
0.76
|
|
Emerging Markets EEM |
0.85
|
0.80
|
0.81
|
0.83
|
|
Europe VGK |
0.87
|
0.86
|
0.77
|
0.68
|
|
Pacific VPL |
0.95
|
0.84
|
0.80
|
0.72
|
|
Latin America FLLA |
0.41
|
0.65
|
0.64
|
0.71
|
|
US Total Bond Market BND |
0.87
|
0.30
|
0.27
|
0.08
|
|
Long Term Treasuries TLT |
0.83
|
-0.10
|
-0.05
|
-0.14
|
|
US Cash BIL |
0.32
|
-0.12
|
-0.09
|
-0.07
|
|
TIPS TIP |
0.78
|
0.35
|
0.36
|
0.14
|
|
Invest. Grade Bonds LQD |
0.90
|
0.52
|
0.46
|
0.25
|
|
High Yield Bonds HYG |
0.81
|
0.69
|
0.63
|
0.52
|
|
International Bonds BNDX |
0.85
|
0.33
|
0.28
|
0.19
|
|
Emerg. Market Bonds EMB |
0.93
|
0.67
|
0.62
|
0.60
|
|
Gold GLD |
0.60
|
0.17
|
0.15
|
0.21
|
|
Commodities DBC |
0.16
|
0.57
|
0.47
|
0.35
|
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 Singapore ETF (EWS) ETF: Dividend Yield page.
The Inflation Adjusted Capital now would be 1834.29$, with a net total return of 83.43% (2.46% annualized).
The Inflation Adjusted Capital now would be 1002.70$, with a net total return of 0.27% (0.01% annualized).
Drawdowns
Worst drawdowns since January 1998.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-60.07% | Nov 2007 | Feb 2009 | 16 | Dec 2010 | 22 | 38 |
-53.72% | Apr 1998 | Aug 1998 | 5 | Apr 1999 | 8 | 13 |
-53.11% | Jan 2000 | Mar 2003 | 39 | Jul 2005 | 28 | 67 |
-32.07% | May 2018 | Mar 2020 | 23 | in progress | 33 | 56 |
-29.26% | Aug 2014 | Jan 2016 | 18 | Oct 2017 | 21 | 39 |
-23.50% | Aug 2011 | Sep 2011 | 2 | Dec 2012 | 15 | 17 |
-12.53% | May 2013 | Aug 2013 | 4 | Jul 2014 | 11 | 15 |
-10.95% | Jul 1999 | Sep 1999 | 3 | Dec 1999 | 3 | 6 |
-9.43% | Jan 1998 | Jan 1998 | 1 | Feb 1998 | 1 | 2 |
-7.82% | May 2006 | May 2006 | 1 | Oct 2006 | 5 | 6 |
-5.78% | Jan 2011 | Feb 2011 | 2 | Apr 2011 | 2 | 4 |
-5.55% | Aug 2005 | Oct 2005 | 3 | Dec 2005 | 2 | 5 |
-3.63% | May 2011 | Jun 2011 | 2 | Jul 2011 | 1 | 3 |
-3.09% | Feb 2018 | Mar 2018 | 2 | Apr 2018 | 1 | 3 |
-2.85% | Jun 2007 | Aug 2007 | 3 | Sep 2007 | 1 | 4 |
-2.46% | May 1999 | May 1999 | 1 | Jun 1999 | 1 | 2 |
-0.80% | Feb 2013 | Feb 2013 | 1 | Mar 2013 | 1 | 2 |
-0.26% | Feb 2007 | Feb 2007 | 1 | Mar 2007 | 1 | 2 |
Worst drawdowns since January 1997.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-73.77% | Feb 1997 | Aug 1998 | 19 | Oct 2006 | 98 | 117 |
-60.07% | Nov 2007 | Feb 2009 | 16 | Dec 2010 | 22 | 38 |
-32.07% | May 2018 | Mar 2020 | 23 | in progress | 33 | 56 |
-29.26% | Aug 2014 | Jan 2016 | 18 | Oct 2017 | 21 | 39 |
-23.50% | Aug 2011 | Sep 2011 | 2 | Dec 2012 | 15 | 17 |
-12.53% | May 2013 | Aug 2013 | 4 | Jul 2014 | 11 | 15 |
-5.78% | Jan 2011 | Feb 2011 | 2 | Apr 2011 | 2 | 4 |
-3.63% | May 2011 | Jun 2011 | 2 | Jul 2011 | 1 | 3 |
-3.09% | Feb 2018 | Mar 2018 | 2 | Apr 2018 | 1 | 3 |
-2.85% | Jun 2007 | Aug 2007 | 3 | Sep 2007 | 1 | 4 |
-0.80% | Feb 2013 | Feb 2013 | 1 | Mar 2013 | 1 | 2 |
-0.26% | Feb 2007 | Feb 2007 | 1 | Mar 2007 | 1 | 2 |
Rolling Returns ( more details)
iShares MSCI Singapore ETF (EWS) ETF: annualized rolling and average returns
Rolling Period |
Return (*) | Negative Periods |
||
---|---|---|---|---|
Average (%) | Best (%) | Worst (%) | ||
1 Year |
7.33 |
155.37 Sep 1998 - Aug 1999 |
-62.92 Sep 1997 - Aug 1998 |
42.19% |
2 Years |
6.36 |
59.17 Sep 1998 - Aug 2000 |
-29.38 Feb 1997 - Jan 1999 |
35.29% |
3 Years |
5.67 |
36.20 Nov 2004 - Oct 2007 |
-20.67 Jan 2000 - Dec 2002 |
33.94% |
5 Years |
6.20 |
31.21 Nov 2002 - Oct 2007 |
-14.05 Jan 1997 - Dec 2001 |
21.74% |
7 Years |
6.85 |
20.66 May 2003 - Apr 2010 |
-7.42 Jan 1997 - Dec 2003 |
8.73% |
10 Years |
7.34 |
17.54 Apr 2003 - Mar 2013 |
-0.52 Oct 2012 - Sep 2022 |
1.55% |
15 Years |
7.14 |
13.08 Sep 1998 - Aug 2013 |
0.03 Nov 2007 - Oct 2022 |
0.00% |
20 Years |
6.35 |
10.45 Sep 1998 - Aug 2018 |
2.29 Jan 1997 - Dec 2016 |
0.00% |
If you need a deeper detail about rolling returns, please refer to the iShares MSCI Singapore ETF (EWS) ETF: Rolling Returns page.
Seasonality
iShares MSCI Singapore ETF (EWS) ETF: in which months is it better to invest?
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.29
60% |
-1.21
20% |
-2.82
40% |
2.61
80% |
-3.49
20% |
-0.28
40% |
1.17
60% |
-2.08
20% |
-1.09
40% |
-0.17
60% |
4.87
60% |
0.66
40% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.29
|
100.06
|
97.24
|
99.78
|
96.29
|
96.02
|
97.15
|
95.13
|
94.09
|
93.94
|
98.51
|
99.16
|
Best |
6.6 2019 |
2.5 2021 |
6.1 2021 |
6.7 2020 |
0.6 2021 |
10.2 2019 |
5.9 2022 |
2.3 2020 |
2.0 2018 |
5.6 2021 |
17.3 2020 |
3.3 2020 |
Worst |
-5.2 2020 |
-4.6 2020 |
-20.5 2020 |
-6.3 2022 |
-9.1 2019 |
-7.4 2018 |
-2.1 2019 |
-5.5 2019 |
-5.8 2022 |
-8.4 2018 |
-6.5 2021 |
-1.7 2018 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
-0.20
50% |
0.31
50% |
0.52
60% |
2.84
90% |
-2.88
30% |
-0.15
40% |
1.54
70% |
-3.35
10% |
-0.49
40% |
1.12
60% |
2.35
60% |
0.02
40% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
99.80
|
100.11
|
100.63
|
103.48
|
100.50
|
100.35
|
101.90
|
98.49
|
98.01
|
99.11
|
101.44
|
101.45
|
Best |
9.2 2017 |
3.7 2014 |
12.0 2016 |
6.9 2015 |
3.1 2017 |
10.2 2019 |
5.9 2022 |
2.3 2020 |
7.7 2013 |
9.3 2015 |
17.3 2020 |
3.3 2020 |
Worst |
-8.7 2016 |
-4.6 2020 |
-20.5 2020 |
-6.3 2022 |
-9.1 2019 |
-7.4 2018 |
-4.2 2015 |
-12.1 2015 |
-5.8 2022 |
-8.4 2018 |
-6.5 2021 |
-2.2 2016 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
-0.16
50% |
-0.59
42% |
0.70
65% |
3.38
81% |
-1.48
38% |
0.68
50% |
2.07
69% |
-3.54
27% |
-0.74
54% |
1.97
65% |
1.65
58% |
1.78
62% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
99.84
|
99.25
|
99.95
|
103.33
|
101.80
|
102.49
|
104.61
|
100.91
|
100.17
|
102.14
|
103.83
|
105.68
|
Best |
14.3 2012 |
14.6 1998 |
12.0 2016 |
27.1 1999 |
27.3 2009 |
16.0 1999 |
16.7 2009 |
5.6 2000 |
17.6 1998 |
40.0 1998 |
17.3 2020 |
12.1 2001 |
Worst |
-12.2 2000 |
-11.0 2009 |
-20.5 2020 |
-9.8 1998 |
-18.8 1998 |
-13.4 1998 |
-6.8 2002 |
-27.0 1998 |
-20.8 2001 |
-27.8 2008 |
-8.6 2007 |
-10.0 1997 |
Monthly/Yearly Returns
iShares MSCI Singapore ETF (EWS) ETF data source starts from January 1997: let's focus on monthly and yearly returns.
- Histogram: it shows the distribution of the returns recorded so far
- Plain Table: it shows the detailed monthly and yearly returns
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2022 |
-9.79 | -15.26 | -1.4 | -0.5 | -0.7 | -6.3 | -2.3 | -5.9 | 5.9 | -3.0 | -5.8 | 0.8 | 11.4 | -1.1 |
2021 |
+5.56 | -1.38 | 0.3 | 2.5 | 6.1 | 2.2 | 0.6 | -2.4 | 1.1 | -1.7 | -1.4 | 5.6 | -6.5 | -0.3 |
2020 |
-8.49 | -9.72 | -5.2 | -4.6 | -20.5 | 6.7 | -1.5 | 4.1 | -0.7 | 2.3 | -1.8 | -3.7 | 17.3 | 3.3 |
2019 |
+14.53 | +11.97 | 6.6 | -0.4 | 1.1 | 5.9 | -9.1 | 10.2 | -2.1 | -5.5 | 1.6 | 4.8 | -0.9 | 3.1 |
2018 |
-11.33 | -13.00 | 6.1 | -3.0 | -0.1 | 4.5 | -5.1 | -7.4 | 1.8 | -2.5 | 2.0 | -8.4 | 3.1 | -1.7 |
2017 |
+34.81 | +32.03 | 9.2 | 2.5 | 2.2 | 0.7 | 3.1 | 0.8 | 5.2 | -0.4 | -1.3 | 4.5 | 3.6 | 0.5 |
2016 |
+0.70 | -1.35 | -8.7 | 3.3 | 12.0 | 0.1 | -4.1 | 4.9 | 0.5 | -3.0 | 2.5 | -4.7 | 1.7 | -2.2 |
2015 |
-18.34 | -18.93 | -2.4 | 0.4 | -0.2 | 6.9 | -5.8 | -1.0 | -4.2 | -12.1 | -3.9 | 9.3 | -5.5 | 0.2 |
2014 |
+2.68 | +1.91 | -7.2 | 3.7 | 3.1 | 4.2 | 1.8 | -1.1 | 4.0 | -0.7 | -4.4 | -0.5 | 1.1 | -0.6 |
2013 |
-0.02 | -1.50 | 0.6 | -0.8 | 2.2 | 3.4 | -6.3 | -3.7 | 4.1 | -6.9 | 7.7 | 3.4 | -1.7 | -1.1 |
2012 |
+31.79 | +29.53 | 14.3 | 4.1 | 0.0 | 0.9 | -10.4 | 7.5 | 6.7 | -0.1 | 2.1 | -0.5 | 1.4 | 3.8 |
2011 |
-18.67 | -21.01 | -0.8 | -5.0 | 4.8 | 5.7 | -1.7 | -1.9 | 4.7 | -9.5 | -15.5 | 11.4 | -3.9 | -5.6 |
2010 |
+24.58 | +22.74 | -6.2 | 2.1 | 4.5 | 4.4 | -8.3 | 3.1 | 9.5 | -1.2 | 8.7 | 3.2 | -2.1 | 6.1 |
2009 |
+67.94 | +63.49 | -8.5 | -11.0 | 9.8 | 16.2 | 27.3 | -2.5 | 16.7 | -2.8 | 5.1 | -2.5 | 8.4 | 3.4 |
2008 |
-46.10 | -46.15 | -11.7 | -0.2 | 5.1 | 6.3 | 1.3 | -8.7 | -0.6 | -8.8 | -13.4 | -27.8 | -3.3 | 8.2 |
2007 |
+27.88 | +22.87 | 4.6 | -0.3 | 5.8 | 2.9 | 7.5 | -0.4 | -0.8 | -1.7 | 11.4 | 6.2 | -8.6 | -0.4 |
2006 |
+45.79 | +42.18 | 6.6 | 1.5 | 2.7 | 6.4 | -7.8 | 2.2 | 0.1 | 3.0 | 2.9 | 8.6 | 8.3 | 5.0 |
2005 |
+14.25 | +10.48 | 1.8 | 0.4 | -1.2 | 0.6 | 1.1 | 2.9 | 7.1 | -3.5 | 1.9 | -4.0 | 2.5 | 4.4 |
2004 |
+24.13 | +20.22 | 5.5 | 2.4 | -1.5 | -4.4 | -0.3 | 3.0 | 0.6 | 4.0 | 3.8 | 1.5 | 3.3 | 4.5 |
2003 |
+45.02 | +42.34 | -3.0 | -1.0 | -2.2 | 3.7 | 12.5 | 3.2 | 9.1 | 2.8 | 3.1 | 6.8 | 0.0 | 3.7 |
2002 |
-14.25 | -16.24 | 13.0 | -3.8 | 2.9 | -3.0 | 0.5 | -4.7 | -6.8 | 1.6 | -11.0 | 6.1 | -3.2 | -4.7 |
2001 |
-20.90 | -22.11 | 2.3 | -2.7 | -16.5 | 2.0 | -3.1 | 1.7 | -3.1 | 0.4 | -20.8 | 3.6 | 5.8 | 12.1 |
2000 |
-26.39 | -28.80 | -12.2 | -10.9 | 2.6 | 1.7 | -11.7 | 12.3 | 0.0 | 5.6 | -10.6 | 0.0 | -4.5 | 0.8 |
1999 |
+52.65 | +48.66 | -2.0 | -3.1 | 3.2 | 27.1 | -2.5 | 16.0 | -6.5 | 0.0 | -4.7 | 6.6 | 3.1 | 10.8 |
1998 |
-5.09 | -6.60 | -9.4 | 14.6 | 1.8 | -9.8 | -18.8 | -13.4 | 0.0 | -27.0 | 17.6 | 40.0 | 13.1 | 4.2 |
1997 |
-44.41 | -45.34 | 3.6 | -5.5 | -8.5 | -1.2 | 4.7 | -1.1 | 1.7 | -21.4 | 5.0 | -19.0 | -0.8 | -10.0 |