Data Source: from January 2004 to August 2022
Consolidated Returns as of 31 Aug 2022
Category: Stocks
ETF: iShares MSCI South Africa ETF (EZA)

In the last 15 Years, the iShares MSCI South Africa ETF (EZA) ETF obtained a 0.95% compound annual return, with a 26.80% standard deviation.

In 2021, the ETF granted a 2.17% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI South Africa ETF (EZA) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.

Historical Returns as of Aug 31, 2022

Historical returns and stats of iShares MSCI South Africa ETF (EZA) ETF. Total Returns and Inflation Adjusted Returns are both mentioned.

ISHARES MSCI SOUTH AFRICA ETF (EZA) ETF
Consolidated returns as of 31 Aug 2022
Data Source: from January 2004 to August 2022
Swipe left to see all data
Period Return (%)
as of Aug 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Aug 2022
-6.15
-6.12
-6.15
Aug 2022 - Aug 2022
0 - 1
3M
-15.79
-16.89
-15.79
Jun 2022 - Aug 2022
0 - 3
6M
-22.65
-25.90
-26.65
Apr 2022 - Aug 2022
2 - 4
YTD
-12.21
-17.36
-26.65
Apr 2022 - Aug 2022
4 - 4
1Y
-16.73
-23.08
22.45
-26.65
Apr 2022 - Aug 2022
6 - 6
50% pos
3Y(*)
0.40
-4.30
27.99
-42.14
Jan 2020 - Mar 2020
20 - 16
56% pos
5Y(*)
-3.61
-7.16
26.42
-53.99
Feb 2018 - Mar 2020
29 - 31
48% pos
10Y(*)
-0.80
-3.26
23.80
-53.99
Feb 2018 - Mar 2020
63 - 57
53% pos
15Y(*)
0.95
-1.40
26.80
-57.08
Nov 2007 - Feb 2009
96 - 84
53% pos
MAX(*)
01 Jan 2004
5.49
2.84
26.49
-57.08
Nov 2007 - Feb 2009
125 - 99
56% pos
(*) Returns over 1 year are annualized

US Inflation is updated to Aug 2022. Current inflation (annualized) is 1Y: 8.26% , 5Y: 3.82% , 10Y: 2.54%

Correlations as of Aug 31, 2022

Monthly correlations of iShares MSCI South Africa ETF (EZA) ETF vs the main Asset Classes, over different timeframes.

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

ISHARES MSCI SOUTH AFRICA ETF (EZA) ETF
Monthly correlations as of 31 Aug 2022
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Correlation vs EZA
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 2004
US Total Stock Market
VTI
0.49
0.65
0.57
0.66
US Large Cap
SPY
0.51
0.64
0.56
0.66
US Small Cap
IJR
0.45
0.67
0.54
0.63
US REITs
VNQ
0.34
0.53
0.48
0.56
US Technology
QQQ
0.41
0.49
0.44
0.56
Preferred Stocks
PFF
0.44
0.58
0.49
0.44
EAFE Stocks
EFA
0.59
0.75
0.70
0.78
World All Countries
VT
0.55
0.73
0.68
0.76
Emerging Markets
EEM
0.61
0.82
0.82
0.86
Europe
VGK
0.55
0.73
0.66
0.74
Pacific
VPL
0.56
0.74
0.70
0.78
Latin America
FLLA
0.83
0.77
0.76
0.80
US Total Bond Market
BND
0.28
0.16
0.21
0.21
Long Term Treasuries
TLT
0.20
-0.25
-0.09
-0.10
US Cash
BIL
-0.26
-0.32
-0.19
-0.03
TIPS
TIP
0.30
0.25
0.33
0.32
Investment Grade Bonds
LQD
0.37
0.41
0.43
0.36
High Yield Bonds
HYG
0.47
0.63
0.60
0.56
International Bond Market
BNDX
0.24
0.22
0.22
0.21
Emerging Market Bonds
EMB
0.47
0.65
0.64
0.63
Gold
GLD
0.46
0.28
0.27
0.37
Commodities
DBC
0.55
0.56
0.46
0.53

Capital Growth as of Aug 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 South Africa ETF (EZA) ETF: Dividend Yield page.

An investment of 1000$, since September 2007, now would be worth 1152.67$, with a total return of 15.27% (0.95% annualized).

The Inflation Adjusted Capital now would be 809.19$, with a net total return of -19.08% (-1.40% annualized).
An investment of 1000$, since January 2004, now would be worth 2709.56$, with a total return of 170.96% (5.49% annualized).

The Inflation Adjusted Capital now would be 1686.09$, with a net total return of 68.61% (2.84% annualized).

Drawdowns

Worst drawdowns since September 2007.

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Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-57.08% Nov 2007 Feb 2009 16 Dec 2010 22 38
-53.99% Feb 2018 Mar 2020 26 in progress 29 55
-34.95% May 2015 Feb 2016 10 Dec 2017 22 32
-25.52% May 2011 Sep 2011 5 Aug 2014 35 40
-12.17% Jan 2011 Jan 2011 1 Apr 2011 3 4
-9.14% Sep 2014 Sep 2014 1 Apr 2015 7 8

Worst drawdowns since January 2004.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-57.08% Nov 2007 Feb 2009 16 Dec 2010 22 38
-53.99% Feb 2018 Mar 2020 26 in progress 29 55
-34.95% May 2015 Feb 2016 10 Dec 2017 22 32
-25.52% May 2011 Sep 2011 5 Aug 2014 35 40
-24.39% May 2006 Sep 2006 5 Mar 2007 6 11
-14.76% Apr 2004 Apr 2004 1 Sep 2004 5 6
-14.09% Mar 2005 May 2005 3 Aug 2005 3 6
-12.17% Jan 2011 Jan 2011 1 Apr 2011 3 4
-9.18% Oct 2005 Oct 2005 1 Dec 2005 2 3
-9.14% Sep 2014 Sep 2014 1 Apr 2015 7 8
-6.71% Feb 2006 Feb 2006 1 Mar 2006 1 2
-6.53% Jan 2005 Jan 2005 1 Feb 2005 1 2
-6.13% May 2007 Jul 2007 3 Sep 2007 2 5
-0.98% Jan 2004 Jan 2004 1 Feb 2004 1 2

Rolling Returns ( more details)

iShares MSCI South Africa ETF (EZA) ETF: annualized rolling and average returns

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Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
9.17 84.57
Apr 2020 - Mar 2021
-52.86
Nov 2007 - Oct 2008
40.38%
2 Years
6.72 55.72
Mar 2009 - Feb 2011
-30.49
Apr 2018 - Mar 2020
35.82%
3 Years
4.88 38.45
May 2004 - Apr 2007
-15.09
Apr 2017 - Mar 2020
33.86%
5 Years
4.15 18.87
Mar 2009 - Feb 2014
-11.63
Apr 2015 - Mar 2020
28.48%
7 Years
4.08 20.04
May 2004 - Apr 2011
-7.18
Apr 2013 - Mar 2020
24.11%
10 Years
3.91 13.10
May 2004 - Apr 2014
-3.71
Apr 2010 - Mar 2020
13.33%
15 Years
4.00 8.36
May 2004 - Apr 2019
0.95
Sep 2007 - Aug 2022
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 South Africa ETF (EZA) ETF: Rolling Returns page.

Seasonality

iShares MSCI South Africa ETF (EZA) 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
Win %
-0.84
47%
0.43
63%
2.09
58%
2.02
63%
-1.66
42%
-0.65
53%
2.55
68%
-1.42
42%
-0.31
44%
0.62
67%
1.98
50%
4.33
72%
Best
Year
17.0
2006
8.3
2005
21.4
2009
10.8
2008
18.4
2009
8.4
2016
15.2
2010
7.5
2005
15.1
2010
15.4
2007
13.4
2004
14.3
2010
Worst
Year
-13.9
2009
-9.8
2020
-29.5
2020
-14.8
2004
-15.6
2006
-10.2
2022
-5.5
2019
-10.3
2018
-17.9
2011
-29.6
2008
-8.1
2016
-11.0
2015
Statistics calculated for the period Jan 2004 - Aug 2022

Monthly/Yearly Returns

iShares MSCI South Africa ETF (EZA) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
125 Positive Months (56%) - 99 Negative Months (44%)
Jan 2004 - Aug 2022
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Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-12.21 -17.36 9.3 3.8 5.5 -13.7 0.9 -10.2 -0.1 -6.1
2021
+7.92 +0.82 0.2 5.3 6.8 -0.1 7.6 -7.1 -0.9 2.1 -4.8 0.0 -4.6 4.4
2020
-5.19 -6.47 -9.0 -9.8 -29.5 10.4 7.1 6.9 6.5 -1.0 -0.6 0.3 10.9 11.1
2019
+9.62 +7.17 14.2 -6.8 -2.5 8.2 -6.6 6.0 -5.5 -7.4 -0.9 4.5 -0.1 8.9
2018
-25.23 -26.63 3.1 -1.1 -3.7 -4.2 -5.5 -6.1 6.3 -10.3 -2.2 -10.0 9.5 -2.5
2017
+36.04 +33.23 4.8 0.2 0.4 6.0 1.7 -3.8 6.0 3.9 -6.0 2.0 6.9 10.3
2016
+16.75 +14.38 -1.9 -2.2 18.3 5.1 -9.8 8.4 9.2 -9.1 6.7 -1.4 -8.1 4.1
2015
-26.03 -26.57 4.3 1.3 -2.1 5.5 -8.0 1.5 -4.8 -7.7 -6.6 6.1 -6.3 -11.0
2014
+2.75 +1.97 -10.5 7.7 6.5 1.3 0.9 2.5 0.6 2.1 -9.1 6.6 -0.5 -3.5
2013
-7.51 -8.88 -7.5 -2.6 -1.0 0.5 -8.2 0.3 2.0 -2.3 8.5 3.8 -2.2 2.0
2012
+21.06 +18.98 8.9 4.8 -1.1 -0.4 -9.2 4.3 0.9 0.5 3.0 -1.7 -1.4 12.5
2011
-15.73 -18.15 -12.2 5.8 5.1 5.4 -5.2 -1.3 -1.8 -1.4 -17.9 12.1 2.2 -4.1
2010
+36.94 +34.92 -6.0 1.3 13.4 -1.1 -5.8 -6.0 15.2 -3.7 15.1 0.8 -1.5 14.3
2009
+51.55 +47.54 -13.9 -7.6 21.4 9.0 18.4 0.7 5.3 4.8 5.0 -5.3 8.1 1.9
2008
-37.70 -37.75 -9.8 1.0 -4.5 10.8 3.4 -10.1 1.2 -4.4 -10.9 -29.6 2.3 12.0
2007
+15.49 +10.97 0.6 0.2 4.7 7.6 -1.6 -2.5 -2.1 1.9 6.3 15.4 -8.0 -5.8
2006
+19.70 +16.73 17.0 -6.7 7.3 4.9 -15.6 -3.8 1.5 -0.7 -7.6 11.6 7.6 7.4
2005
+25.86 +21.71 -6.5 8.3 -9.1 -2.0 -3.5 4.8 8.6 7.5 8.7 -9.2 7.4 11.7
2004
+43.63 +39.10 -1.0 5.5 3.9 -14.8 7.5 3.2 0.3 4.2 7.7 5.2 13.4 4.2
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