Data Source: from January 2015 to December 2022 (~8 years)
Consolidated Returns as of 31 December 2022
Category: Stocks
ETF: iShares MSCI UAE ETF (UAE)

In the last 5 Years, the iShares MSCI UAE ETF (UAE) ETF obtained a 1.92% compound annual return, with a 20.19% standard deviation.

In 2022, the ETF granted a 2.47% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI UAE ETF (UAE) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Multi Cap
  • Style: Blend
  • Region: Middle East
  • Country: United Arab Emirates

Historical Returns as of Dec 31, 2022

Historical returns and Metrics of iShares MSCI UAE ETF (UAE) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
ISHARES MSCI UAE ETF (UAE) ETF
Portfolio Metrics
Data Source: 1 January 2015 - 31 December 2022 (~8 years)
Swipe left to see all data
Metrics as of Dec 31, 2022
1M 3M 6M 1Y 3Y 5Y MAX
(~8Y)
Portfolio
Return (%)
-6.02 -1.50 -3.66 -5.31 8.16 1.92 0.88
US Inflation (%) -0.31 0.00 0.16 6.45 4.92 3.78 2.97
Infl. Adjusted
Return (%)
-5.73 -1.50 -3.81 -11.05 3.09 -1.79 -2.03
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 19.34 23.67 20.19 19.92
Sharpe Ratio -0.35 0.32 0.04 -0.16
Sortino Ratio -0.47 0.42 0.06 -0.22
MAXIMUM DRAWDOWN
Drawdown Depth (%) -19.47 -30.31 -42.06 -46.99
Start (yyyy mm) 2022 04 2020 01 2018 02 2015 05
Bottom (yyyy mm) 2022 12 2020 03 2020 03 2020 03
Start to Bottom (# months) 9 3 26 59
Start to Recovery (# months) in progress
> 9
13
43
79
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 51.99 14.08 7.16
Worst Return (%) -34.14 -14.42 -9.94
% Positive Periods 49% 46% 59%
MONTHS
Positive 0 2 3 6 19 28 45
Negative 1 1 3 6 17 32 51
% Positive 0% 67% 50% 50% 53% 47% 47%
WITHDRAWAL RATES (WR)
Safe WR (%) 35.98 17.67 10.51
Perpetual WR (%) 3.00 0.00 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 UAE ETF (UAE) 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 UAE ETF (UAE) ETF
Monthly correlations as of 31 December 2022
Swipe left to see all data
Correlation vs UAE
 
Asset Class 1 Year 5 Years Since
Jan 2015
US Total Stock Market
VTI
0.62
0.63
0.54
US Large Cap
SPY
0.62
0.62
0.53
US Small Cap
IJR
0.56
0.66
0.52
US REITs
VNQ
0.69
0.57
0.41
US Technology
QQQ
0.60
0.54
0.46
Preferred Stocks
PFF
0.32
0.53
0.44
EAFE Stocks
EFA
0.43
0.57
0.53
World All Countries
VT
0.57
0.63
0.57
Emerging Markets
EEM
0.25
0.51
0.51
Europe
VGK
0.41
0.58
0.54
Pacific
VPL
0.46
0.52
0.47
Latin America
FLLA
0.63
0.61
0.58
US Total Bond Market
BND
0.16
0.10
0.10
Long Term Treasuries
TLT
0.15
-0.20
-0.16
US Cash
BIL
-0.34
-0.41
-0.28
TIPS
TIP
0.57
0.34
0.33
Invest. Grade Bonds
LQD
0.23
0.31
0.27
High Yield Bonds
HYG
0.48
0.56
0.53
International Bonds
BNDX
0.39
0.28
0.20
Emerg. Market Bonds
EMB
0.29
0.47
0.44
Gold
GLD
0.29
0.12
0.16
Commodities
DBC
0.65
0.48
0.46

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 UAE ETF (UAE) ETF: Dividend Yield page.

An investment of 1000$, since January 2018, now would be worth 1100.01$, with a total return of 10.00% (1.92% annualized).

The Inflation Adjusted Capital now would be 913.69$, with a net total return of -8.63% (-1.79% annualized).
An investment of 1000$, since January 2015, now would be worth 1072.46$, with a total return of 7.25% (0.88% annualized).

The Inflation Adjusted Capital now would be 848.48$, with a net total return of -15.15% (-2.03% annualized).

Drawdowns

Worst drawdowns since January 2018.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-42.06% Feb 2018 Mar 2020 26 Aug 2021 17 43
-19.47% Apr 2022 Dec 2022 9 in progress 9
-0.92% Dec 2021 Dec 2021 1 Jan 2022 1 2
-0.74% Sep 2021 Oct 2021 2 Nov 2021 1 3

Worst drawdowns since January 2015.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-46.99% May 2015 Mar 2020 59 Nov 2021 20 79
-19.47% Apr 2022 Dec 2022 9 in progress 9
-7.04% Mar 2015 Mar 2015 1 Apr 2015 1 2
-4.78% Jan 2015 Jan 2015 1 Feb 2015 1 2
-0.92% Dec 2021 Dec 2021 1 Jan 2022 1 2

Rolling Returns ( more details)

iShares MSCI UAE ETF (UAE) ETF: annualized rolling and average returns

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Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
4.46 51.99
Jun 2020 - May 2021
-34.14
Apr 2019 - Mar 2020
50.59%
2 Years
3.11 50.15
Apr 2020 - Mar 2022
-22.02
Apr 2018 - Mar 2020
52.05%
3 Years
-0.06 14.08
Apr 2019 - Mar 2022
-14.42
Apr 2017 - Mar 2020
54.10%
5 Years
-0.26 7.16
Apr 2017 - Mar 2022
-9.94
May 2015 - Apr 2020
40.54%
7 Years
2.65 5.12
Apr 2015 - Mar 2022
0.65
Jul 2015 - Jun 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 UAE ETF (UAE) ETF: Rolling Returns page.

Seasonality

iShares MSCI UAE ETF (UAE) 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
4.06
80%
-1.09
40%
-2.04
60%
2.98
60%
-1.73
20%
-2.18
20%
4.09
100%
0.58
40%
-2.41
0%
0.48
40%
3.56
60%
-2.27
40%
 Capital Growth on monthly avg returns
100
104.06
102.93
100.83
103.83
102.03
99.80
103.88
104.48
101.97
102.45
106.10
103.69
Best 10.1
2021
4.9
2022
8.3
2022
11.8
2020
10.5
2021
2.4
2020
6.9
2019
5.4
2021
-0.1
2020
3.3
2022
12.1
2020
0.4
2020
Worst -1.7
2020
-7.8
2020
-23.2
2020
-1.3
2018
-8.7
2019
-8.5
2022
0.1
2021
-3.8
2019
-6.9
2022
-2.4
2020
-4.7
2018
-6.0
2022
Monthly Seasonality over the period Jan 2018 - Dec 2022
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.16
63%
1.49
50%
-1.80
50%
4.91
75%
-2.56
13%
-0.57
50%
4.13
100%
-0.73
38%
-2.48
0%
-0.55
38%
0.52
38%
-0.64
50%
 Capital Growth on monthly avg returns
100
101.16
102.66
100.81
105.76
103.06
102.48
106.71
105.94
103.31
102.74
103.27
102.61
Best 10.1
2021
12.2
2016
8.3
2022
18.7
2015
10.5
2021
3.3
2016
6.9
2019
5.4
2021
0.0
2016
3.3
2022
12.1
2020
5.1
2016
Worst -9.1
2016
-7.8
2020
-23.2
2020
-1.3
2018
-8.7
2019
-8.5
2022
0.1
2021
-8.9
2015
-6.9
2022
-5.3
2016
-6.3
2015
-6.0
2022
Monthly Seasonality over the period Jan 2015 - Dec 2022

Monthly/Yearly Returns

iShares MSCI UAE ETF (UAE) ETF data source starts from January 2015: 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 2015 - Dec 2022
45 Positive Months (47%) - 51 Negative Months (53%)
MONTHLY RETURNS TABLE
Jan 2015 - 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
-5.31 -11.05 3.5 4.9 8.3 -0.9 -7.8 -8.5 6.2 -1.0 -6.9 3.3 1.5 -6.0
2021
+44.10 +34.62 10.1 -1.4 4.6 0.4 10.5 -1.6 0.1 5.4 -0.5 -0.3 12.0 -0.9
2020
-7.26 -8.50 -1.7 -7.8 -23.2 11.8 -1.3 2.4 3.5 3.8 -0.1 -2.4 12.1 0.4
2019
+1.58 -0.69 3.9 3.7 -0.2 5.0 -8.7 -0.6 6.9 -3.8 -2.8 2.3 -3.1 0.0
2018
-14.42 -16.03 4.6 -4.9 0.2 -1.3 -1.3 -2.6 3.7 -1.5 -1.8 -0.6 -4.7 -4.8
2017
+4.98 +2.81 2.8 -0.9 -0.4 1.1 -0.5 1.8 5.9 0.3 -2.3 2.1 -6.0 1.4
2016
+9.65 +7.42 -9.1 12.2 3.3 4.6 -5.5 3.3 4.1 -0.1 0.0 -5.3 -1.4 5.1
2015
-15.30 -15.92 -4.8 6.1 -7.0 18.7 -5.8 1.4 2.6 -8.9 -5.5 -3.6 -6.3 -0.2
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