In the last 20 Years, the iShares MSCI South Korea ETF (EWY) ETF obtained a 7.12% compound annual return, with a 26.51% standard deviation.
In 2022, the ETF granted a 0.90% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI South Korea ETF (EWY) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Value
- Region: Developed Asia Pacific
- Country: South Korea
Historical Returns as of Dec 31, 2022
Historical returns and Metrics of iShares MSCI South Korea ETF (EWY) 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
(~22Y) |
|
Portfolio Return (%) |
-5.84 | 20.68 | -1.78 | -26.60 | -1.83 | -4.05 | 0.52 | 7.12 | 8.46 |
US Inflation (%) | -0.31 | 0.00 | 0.16 | 6.45 | 4.92 | 3.78 | 2.60 | 2.51 | 2.46 |
Infl. Adjusted Return (%) |
-5.55 | 20.69 | -1.94 | -31.05 | -6.43 | -7.55 | -2.03 | 4.50 | 5.86 |
Returns / Inflation rates over 1 year are annualized. | |||||||||
RISK INDICATORS | |||||||||
Standard Deviation (%) | 32.23 | 27.33 | 24.94 | 21.26 | 26.51 | 28.16 | |||
Sharpe Ratio | -0.87 | -0.09 | -0.21 | 0.00 | 0.23 | 0.16 | |||
Sortino Ratio | -1.29 | -0.12 | -0.29 | 0.00 | 0.32 | 0.23 | |||
MAXIMUM DRAWDOWN | |||||||||
Drawdown Depth (%) | -39.18 | -48.08 | -48.08 | -48.08 | -70.13 | -70.13 | |||
Start (yyyy mm) | 2022 01 | 2021 07 | 2021 07 | 2021 07 | 2007 11 | 2007 11 | |||
Bottom (yyyy mm) | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2009 02 | 2009 02 | |||
Start to Bottom (# months) | 9 | 15 | 15 | 15 | 16 | 16 | |||
Start to Recovery (# months) in progress |
> 12
|
> 18
|
> 18
|
> 18
|
115
|
115
|
|||
ROLLING PERIOD RETURNS - Annualized | |||||||||
Best Return (%) | 110.75 | 46.82 | 33.75 | 18.93 | 11.73 | ||||
Worst Return (%) | -63.31 | -21.47 | -5.52 | -0.61 | 6.28 | ||||
% Positive Periods | 65% | 76% | 85% | 99% | 100% | ||||
MONTHS | |||||||||
Positive | 0 | 2 | 3 | 5 | 19 | 31 | 68 | 139 | 153 |
Negative | 1 | 1 | 3 | 7 | 17 | 29 | 52 | 101 | 111 |
% Positive | 0% | 67% | 50% | 42% | 53% | 52% | 57% | 58% | 58% |
WITHDRAWAL RATES (WR) | |||||||||
Safe WR (%) | 36.34 | 17.34 | 9.90 | 12.34 | 14.36 | ||||
Perpetual WR (%) | 0.00 | 0.00 | 0.00 | 4.31 | 5.54 |
- 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 South Korea ETF (EWY) 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 EWY | |||||
---|---|---|---|---|---|
|
|||||
Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 2001 |
|
US Total Stock Market VTI |
0.84
|
0.76
|
0.68
|
0.74
|
|
US Large Cap SPY |
0.84
|
0.75
|
0.68
|
0.73
|
|
US Small Cap IJR |
0.83
|
0.79
|
0.64
|
0.71
|
|
US REITs VNQ |
0.80
|
0.64
|
0.51
|
0.55
|
|
US Technology QQQ |
0.75
|
0.67
|
0.63
|
0.67
|
|
Preferred Stocks PFF |
0.69
|
0.63
|
0.54
|
0.46
|
|
EAFE Stocks EFA |
0.94
|
0.88
|
0.80
|
0.79
|
|
World All Countries VT |
0.92
|
0.84
|
0.79
|
0.80
|
|
Emerging Markets EEM |
0.82
|
0.87
|
0.86
|
0.88
|
|
Europe VGK |
0.93
|
0.86
|
0.78
|
0.76
|
|
Pacific VPL |
0.95
|
0.91
|
0.83
|
0.76
|
|
Latin America FLLA |
0.52
|
0.62
|
0.60
|
0.70
|
|
US Total Bond Market BND |
0.77
|
0.43
|
0.38
|
0.11
|
|
Long Term Treasuries TLT |
0.62
|
0.04
|
0.05
|
-0.15
|
|
US Cash BIL |
0.16
|
-0.18
|
-0.13
|
-0.02
|
|
TIPS TIP |
0.82
|
0.52
|
0.46
|
0.22
|
|
Invest. Grade Bonds LQD |
0.81
|
0.59
|
0.55
|
0.29
|
|
High Yield Bonds HYG |
0.81
|
0.73
|
0.67
|
0.64
|
|
International Bonds BNDX |
0.75
|
0.40
|
0.34
|
0.17
|
|
Emerg. Market Bonds EMB |
0.85
|
0.70
|
0.66
|
0.57
|
|
Gold GLD |
0.49
|
0.27
|
0.24
|
0.19
|
|
Commodities DBC |
0.44
|
0.55
|
0.46
|
0.41
|
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 South Korea ETF (EWY) ETF: Dividend Yield page.
The Inflation Adjusted Capital now would be 2412.73$, with a net total return of 141.27% (4.50% annualized).
The Inflation Adjusted Capital now would be 3502.34$, with a net total return of 250.23% (5.86% annualized).
Drawdowns
Worst drawdowns since January 2003.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-70.13% | Nov 2007 | Feb 2009 | 16 | May 2017 | 99 | 115 |
-48.08% | Jul 2021 | Sep 2022 | 15 | in progress | 3 | 18 |
-37.90% | Feb 2018 | Mar 2020 | 26 | Nov 2020 | 8 | 34 |
-21.78% | Apr 2004 | Jul 2004 | 4 | Nov 2004 | 4 | 8 |
-18.15% | Jan 2003 | Mar 2003 | 3 | May 2003 | 2 | 5 |
-10.17% | Mar 2005 | Apr 2005 | 2 | Jul 2005 | 3 | 5 |
-9.03% | May 2006 | Jun 2006 | 2 | Dec 2006 | 6 | 8 |
-8.72% | Sep 2003 | Sep 2003 | 1 | Oct 2003 | 1 | 2 |
-5.58% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 |
-4.23% | Jan 2007 | Jan 2007 | 1 | Mar 2007 | 2 | 3 |
-3.73% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 |
-2.83% | Aug 2007 | Aug 2007 | 1 | Sep 2007 | 1 | 2 |
-2.47% | Aug 2005 | Aug 2005 | 1 | Sep 2005 | 1 | 2 |
-2.15% | Nov 2003 | Nov 2003 | 1 | Dec 2003 | 1 | 2 |
-1.76% | Aug 2017 | Aug 2017 | 1 | Oct 2017 | 2 | 3 |
-0.15% | Feb 2021 | Feb 2021 | 1 | Mar 2021 | 1 | 2 |
Worst drawdowns since January 2001.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-70.13% | Nov 2007 | Feb 2009 | 16 | May 2017 | 99 | 115 |
-48.08% | Jul 2021 | Sep 2022 | 15 | in progress | 3 | 18 |
-37.90% | Feb 2018 | Mar 2020 | 26 | Nov 2020 | 8 | 34 |
-34.78% | Jun 2002 | Mar 2003 | 10 | Aug 2003 | 5 | 15 |
-26.54% | Feb 2001 | Sep 2001 | 8 | Nov 2001 | 2 | 10 |
-21.78% | Apr 2004 | Jul 2004 | 4 | Nov 2004 | 4 | 8 |
-10.17% | Mar 2005 | Apr 2005 | 2 | Jul 2005 | 3 | 5 |
-9.03% | May 2006 | Jun 2006 | 2 | Dec 2006 | 6 | 8 |
-8.72% | Sep 2003 | Sep 2003 | 1 | Oct 2003 | 1 | 2 |
-5.58% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 |
-4.23% | Jan 2007 | Jan 2007 | 1 | Mar 2007 | 2 | 3 |
-3.73% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 |
-2.83% | Aug 2007 | Aug 2007 | 1 | Sep 2007 | 1 | 2 |
-2.47% | Aug 2005 | Aug 2005 | 1 | Sep 2005 | 1 | 2 |
-2.15% | Nov 2003 | Nov 2003 | 1 | Dec 2003 | 1 | 2 |
-1.79% | Apr 2002 | Apr 2002 | 1 | May 2002 | 1 | 2 |
-1.76% | Aug 2017 | Aug 2017 | 1 | Oct 2017 | 2 | 3 |
-0.15% | Feb 2021 | Feb 2021 | 1 | Mar 2021 | 1 | 2 |
Rolling Returns ( more details)
iShares MSCI South Korea ETF (EWY) ETF: annualized rolling and average returns
Rolling Period |
Return (*) | Negative Periods |
||
---|---|---|---|---|
Average (%) | Best (%) | Worst (%) | ||
1 Year |
13.05 |
110.75 Mar 2009 - Feb 2010 |
-63.31 Dec 2007 - Nov 2008 |
35.18% |
2 Years |
10.33 |
64.59 Mar 2009 - Feb 2011 |
-32.49 Mar 2007 - Feb 2009 |
31.12% |
3 Years |
9.41 |
46.82 Apr 2003 - Mar 2006 |
-21.47 Mar 2006 - Feb 2009 |
24.02% |
5 Years |
8.46 |
33.75 Oct 2001 - Sep 2006 |
-5.52 Oct 2017 - Sep 2022 |
15.12% |
7 Years |
7.14 |
27.54 Jan 2001 - Dec 2007 |
-2.39 Nov 2007 - Oct 2014 |
2.76% |
10 Years |
7.11 |
18.93 Apr 2001 - Mar 2011 |
-0.61 Oct 2012 - Sep 2022 |
0.69% |
15 Years |
6.97 |
12.74 Oct 2001 - Sep 2016 |
-1.01 Nov 2007 - Oct 2022 |
2.35% |
20 Years |
8.93 |
11.73 Apr 2001 - Mar 2021 |
6.28 Jul 2002 - Jun 2022 |
0.00% |
If you need a deeper detail about rolling returns, please refer to the iShares MSCI South Korea ETF (EWY) ETF: Rolling Returns page.
Seasonality
iShares MSCI South Korea ETF (EWY) 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 |
0.48
60% |
-3.07
20% |
-2.57
40% |
1.12
80% |
-1.34
60% |
-0.99
60% |
-0.67
40% |
-1.16
40% |
-2.88
60% |
-0.56
40% |
6.69
60% |
3.95
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
100.48
|
97.40
|
94.90
|
95.96
|
94.67
|
93.73
|
93.11
|
92.03
|
89.38
|
88.88
|
94.83
|
98.57
|
Best |
10.0 2019 |
0.0 2022 |
4.7 2018 |
10.0 2020 |
3.8 2020 |
7.7 2019 |
5.5 2020 |
4.7 2020 |
5.8 2019 |
9.4 2022 |
17.8 2020 |
13.5 2020 |
Worst |
-7.3 2020 |
-7.9 2018 |
-14.6 2020 |
-6.4 2022 |
-9.6 2019 |
-14.5 2022 |
-7.5 2019 |
-4.4 2022 |
-18.2 2022 |
-14.6 2018 |
-4.7 2021 |
-5.8 2022 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
-0.67
50% |
-0.78
50% |
0.43
60% |
1.17
70% |
-0.59
50% |
-1.19
60% |
0.58
60% |
-0.99
50% |
-0.98
70% |
1.30
50% |
2.61
50% |
1.91
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
99.33
|
98.55
|
98.98
|
100.14
|
99.54
|
98.35
|
98.93
|
97.95
|
96.99
|
98.25
|
100.81
|
102.73
|
Best |
10.0 2019 |
3.6 2013 |
13.4 2016 |
10.0 2020 |
9.0 2017 |
7.7 2019 |
6.9 2016 |
4.7 2020 |
7.5 2013 |
11.5 2015 |
17.8 2020 |
13.5 2020 |
Worst |
-8.7 2014 |
-7.9 2018 |
-14.6 2020 |
-6.4 2022 |
-9.6 2019 |
-14.5 2022 |
-7.5 2019 |
-6.5 2015 |
-18.2 2022 |
-14.6 2018 |
-4.7 2021 |
-5.8 2022 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.11
55% |
-0.59
55% |
1.66
59% |
3.53
68% |
-0.64
50% |
-1.09
45% |
1.86
64% |
-0.86
50% |
-1.12
64% |
1.77
59% |
3.12
59% |
3.36
68% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.11
|
100.52
|
102.18
|
105.79
|
105.11
|
103.96
|
105.90
|
104.98
|
103.81
|
105.65
|
108.95
|
112.61
|
Best |
23.3 2001 |
10.9 2002 |
30.6 2009 |
20.2 2009 |
9.5 2007 |
8.1 2003 |
19.7 2009 |
10.0 2004 |
13.9 2009 |
19.0 2011 |
26.8 2001 |
17.7 2008 |
Worst |
-12.4 2008 |
-17.8 2009 |
-14.6 2020 |
-8.3 2004 |
-15.1 2010 |
-14.5 2022 |
-9.4 2004 |
-13.7 2011 |
-18.2 2022 |
-28.5 2008 |
-15.7 2008 |
-13.4 2002 |
Monthly/Yearly Returns
iShares MSCI South Korea ETF (EWY) ETF data source starts from January 2001: 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 |
-26.60 | -31.05 | -7.0 | 0.0 | -1.6 | -6.4 | 2.1 | -14.5 | 4.1 | -4.4 | -18.2 | 9.4 | 17.2 | -5.8 |
2021 |
-7.56 | -13.64 | 2.4 | -0.1 | 2.0 | 1.0 | 1.6 | 1.2 | -4.8 | -2.3 | -7.0 | -1.5 | -4.7 | 5.0 |
2020 |
+39.44 | +37.56 | -7.3 | -4.7 | -14.6 | 10.0 | 3.8 | 6.7 | 5.5 | 4.7 | 3.6 | -0.7 | 17.8 | 13.5 |
2019 |
+7.95 | +5.54 | 10.0 | -2.7 | -3.2 | 0.9 | -9.6 | 7.7 | -7.5 | -3.9 | 5.8 | 4.6 | -0.8 | 8.7 |
2018 |
-20.38 | -21.88 | 4.4 | -7.9 | 4.7 | 0.2 | -4.6 | -6.1 | -0.7 | 0.1 | 1.4 | -14.6 | 4.0 | -1.6 |
2017 |
+45.00 | +42.00 | 8.8 | 1.2 | 5.7 | 0.4 | 9.0 | 0.1 | 2.8 | -1.8 | 0.9 | 8.3 | 0.5 | 2.7 |
2016 |
+8.44 | +6.24 | -3.9 | -2.4 | 13.4 | -1.1 | -4.8 | 4.6 | 6.9 | 1.2 | 3.2 | -4.8 | -3.8 | 1.1 |
2015 |
-8.03 | -8.70 | 0.7 | 1.8 | 1.1 | 6.9 | -5.5 | -4.7 | -7.1 | -6.5 | 2.0 | 11.5 | -2.9 | -3.7 |
2014 |
-13.48 | -14.13 | -8.7 | 3.5 | 0.7 | 1.7 | 3.3 | 0.6 | 1.7 | 0.5 | -8.9 | -3.1 | -3.0 | -1.6 |
2013 |
+3.54 | +2.01 | -6.0 | 3.6 | -3.7 | -1.7 | -1.3 | -7.7 | 4.9 | 2.5 | 7.5 | 3.9 | 1.8 | 0.9 |
2012 |
+21.93 | +19.84 | 9.8 | 4.4 | -0.6 | -0.5 | -11.2 | 4.2 | 1.4 | 1.3 | 5.0 | -2.6 | 3.6 | 6.8 |
2011 |
-13.53 | -16.01 | 0.3 | -5.4 | 10.8 | 7.2 | -4.3 | -1.0 | 1.0 | -13.7 | -17.9 | 19.0 | 1.2 | -6.1 |
2010 |
+29.55 | +27.64 | -4.6 | 0.3 | 9.7 | 3.7 | -15.1 | 2.2 | 9.7 | -2.6 | 11.9 | 1.7 | -0.8 | 13.7 |
2009 |
+71.76 | +67.21 | -5.1 | -17.8 | 30.6 | 20.2 | 5.5 | -3.1 | 19.7 | -0.1 | 13.9 | -9.5 | 3.5 | 7.6 |
2008 |
-55.97 | -56.01 | -12.4 | 0.5 | -2.0 | 7.8 | -1.2 | -13.1 | -2.1 | -13.4 | -8.2 | -28.5 | -15.7 | 17.7 |
2007 |
+31.70 | +26.54 | -4.2 | 3.6 | 3.2 | 4.9 | 9.5 | 3.8 | 9.4 | -2.8 | 6.2 | 9.8 | -11.3 | -1.9 |
2006 |
+11.13 | +8.38 | 7.7 | -3.7 | 0.5 | 6.3 | -8.7 | -0.4 | 0.1 | 1.6 | 0.9 | 2.1 | 4.8 | 0.5 |
2005 |
+53.89 | +48.80 | 5.9 | 10.8 | -7.3 | -3.0 | 4.2 | -0.5 | 12.5 | -2.5 | 12.4 | -5.6 | 9.5 | 10.4 |
2004 |
+17.23 | +13.53 | 6.2 | 3.9 | 2.1 | -8.3 | -3.9 | -2.1 | -9.4 | 10.0 | 3.1 | 2.2 | 10.6 | 3.9 |
2003 |
+37.77 | +35.22 | -3.9 | -3.6 | -11.6 | 15.0 | 7.1 | 8.1 | 8.6 | 7.8 | -8.7 | 13.3 | -2.1 | 6.8 |
2002 |
+3.61 | +1.21 | 8.4 | 10.9 | 7.8 | -1.8 | 2.2 | -5.0 | -7.5 | 3.9 | -16.8 | 7.6 | 12.5 | -13.4 |
2001 |
+45.65 | +43.43 | 23.3 | -8.8 | -11.1 | 14.5 | 7.6 | -5.2 | -8.3 | 1.5 | -16.6 | 16.4 | 26.8 | 8.9 |