iShares MSCI Emerging Markets (EEM) to EUR Hedged: Historical Returns

Category: Stocks
Period: January 1976 - September 2024 (~49 years)
Consolidated Returns as of 30 September 2024
Currency: EUR
EEM is not denominated in EUR. Returns are simulated using exchange rates or interest rate differentials in case of currency hedging.
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1.00
Initial Capital
October 1994
3.45
Final Capital
September 2024
4.21%
Yearly Return
22.23
Std Deviation
-59.72%
Max Drawdown
120 months
Recovery Period
1.00
Initial Capital
January 1976
21.37
Final Capital
September 2024
6.48%
Yearly Return
23.96
Std Deviation
-59.72%
Max Drawdown
120 months
Recovery Period

The iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF covers to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Emerging Markets
  • Country: Broad Emerging Markets

As of September 2024, in the previous 30 Years, the iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF obtained a 4.21% compound annual return, with a 22.23% standard deviation. It suffered a maximum drawdown of -59.72% that required 120 months to be recovered.

Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the ETFs/Assets issuers. Content is for informational, educational, illustrative and entertainment purposes only.

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Investment Returns as of Sep 30, 2024

The iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • dividend reinvestment, when applicable.
  • for non-EUR assets, the currency hedging cost, taking into account the interest rate differentials, with a yearly additional expense ratio of 0.25%.
  • the actual Euro Inflation rates.
ISHARES MSCI EMERGING MARKETS (EEM) TO EUR HEDGED ETF
Time Period: 1 January 1976 - 30 September 2024 (~49 years)
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Sep 30, 2024
  1 Day Time ET(*) Oct 2024 YTD
(9M)
1M 6M 1Y 5Y 10Y 30Y MAX
(~49Y)
iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF n.a. n.a. 13.70 5.60 11.63 22.38 3.47 1.92 4.21 6.48
Euro Inflation Adjusted return 11.40 5.70 10.49 20.28 -0.27 -0.43 2.12 3.90
Returns over 1 year are annualized
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to Sep 2024. Inflation (annualized) is 1Y: 1.75% , 5Y: 3.76% , 10Y: 2.36% , 30Y: 2.05%
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Capital Growth as of Sep 30, 2024

An investment of 1€, from October 1994 to September 2024, would be worth 3.45€, with a total return of 245.02% (4.21% annualized).

The Inflation Adjusted Capital would be 1.88€, with a net total return of 87.63% (2.12% annualized).

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An investment of 1€, from January 1976 to September 2024, would be worth 21.37€, with a total return of 2037.49% (6.48% annualized).

The Inflation Adjusted Capital would be 6.45€, with a net total return of 544.99% (3.90% annualized).

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Investment Metrics as of Sep 30, 2024

Metrics of iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF, updated as of 30 September 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • dividend reinvestment, when applicable.
  • for non-EUR assets, the currency hedging cost, taking into account the interest rate differentials, with a yearly additional expense ratio of 0.25%.
  • the actual Euro Inflation rates.
ISHARES MSCI EMERGING MARKETS (EEM) TO EUR HEDGED ETF
Advanced Metrics
Time Period: 1 January 1976 - 30 September 2024 (~49 years)
Swipe left to see all data
Metrics as of Sep 30, 2024
YTD
(9M)
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~49Y)
Investment Return (%)
13.70 5.60 7.28 11.63 22.38 -2.10 3.47 1.92 5.77 4.21 6.48
Growth of 1€ 1.14 1.06 1.07 1.12 1.22 0.94 1.19 1.21 3.07 3.45 21.37
Infl. Adjusted Return (%)
11.40 5.70 7.26 10.49 20.28 -7.01 -0.27 -0.43 3.59 2.12 3.90
Euro Inflation (%) 2.06 -0.09 0.02 1.03 1.75 5.28 3.76 2.36 2.11 2.05 2.49
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
Current 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -14.39 -4.62 -32.10 -37.41 -37.41 -59.72 -59.72 -59.72
Start to Recovery (# months)
39* 3 35* 39* 39* 120 120 120
Start (yyyy mm) 2024 01 2021 11 2021 07 2021 07 2007 11 2007 11 2007 11
Start to Bottom (# months) 1 12 16 16 16 16 16
Bottom (yyyy mm) 2024 01 2022 10 2022 10 2022 10 2009 02 2009 02 2009 02
Bottom to End (# months) 2 23 23 23 104 104 104
End (yyyy mm) 2024 03 - - - 2017 10 2017 10 2017 10
Longest Drawdown Depth (%)
same

same

same

same

same

same
-55.05
Start to Recovery (# months)
121
Start (yyyy mm) 2024 01 2021 11 2021 07 2021 07 2007 11 2007 11 1994 02
Start to Bottom (# months) 1 12 16 16 16 16 55
Bottom (yyyy mm) 2024 01 2022 10 2022 10 2022 10 2009 02 2009 02 1998 08
Bottom to End (# months) 2 23 23 23 104 104 66
End (yyyy mm) 2024 03 - - - 2017 10 2017 10 2004 02
Longest negative period (# months)
2 36* 55 109 200 200 200
Start (yyyy mm) 2023 12 2021 10 2020 01 2014 10 2007 11 2007 11 2007 11
End (yyyy mm) 2024 01 2024 09 2024 07 2023 10 2024 06 2024 06 2024 06
Annualized Return (%) -7.67 -2.10 -0.04 -0.51 -0.01 -0.01 -0.01
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -27.18 -4.27 -38.62 -44.30 -44.30 -60.55 -60.55 -66.25
Start to Recovery (# months)
39* 3 35* 39* 39* 123 123 126
Start (yyyy mm) 2024 01 2021 11 2021 07 2021 07 2007 11 2007 11 1980 12
Start to Bottom (# months) 1 12 16 16 16 16 85
Bottom (yyyy mm) 2024 01 2022 10 2022 10 2022 10 2009 02 2009 02 1987 12
Bottom to End (# months) 2 23 23 23 107 107 41
End (yyyy mm) 2024 03 - - - 2018 01 2018 01 1991 05
Longest Drawdown Depth (%)
same

same

same

same

same

same
-58.91
Start to Recovery (# months)
133
Start (yyyy mm) 2024 01 2021 11 2021 07 2021 07 2007 11 2007 11 1994 02
Start to Bottom (# months) 1 12 16 16 16 16 55
Bottom (yyyy mm) 2024 01 2022 10 2022 10 2022 10 2009 02 2009 02 1998 08
Bottom to End (# months) 2 23 23 23 107 107 78
End (yyyy mm) 2024 03 - - - 2018 01 2018 01 2005 02
Longest negative period (# months)
4 36* 60* 120* 213 213 213
Start (yyyy mm) 2024 01 2021 10 2019 10 2014 10 2006 02 2006 02 2006 02
End (yyyy mm) 2024 04 2024 09 2024 09 2024 09 2023 10 2023 10 2023 10
Annualized Return (%) -0.24 -7.01 -0.27 -0.43 -0.33 -0.33 -0.33
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 11.53 17.71 18.42 17.12 21.18 22.23 23.96
Sharpe Ratio 1.48 -0.31 0.07 0.02 0.20 0.09 0.09
Sortino Ratio 1.99 -0.47 0.10 0.04 0.28 0.12 0.13
Ulcer Index 1.61 18.52 19.65 18.16 19.60 22.28 25.15
Ratio: Return / Standard Deviation 1.94 -0.12 0.19 0.11 0.27 0.19 0.27
Ratio: Return / Deepest Drawdown 4.84 -0.07 0.09 0.05 0.10 0.07 0.11
Positive Months (%)
75.00 47.22 55.00 51.66 52.91 54.72 54.52
Positive Months 9 17 33 62 127 197 319
Negative Months 3 19 27 58 113 163 266
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.92 9.77 16.79 24.90
Worst 10 Years Return (%) - Annualized -0.79 -0.79 -5.93
Best 10 Years Return (%) - Annualized -0.43 7.77 14.27 22.05
Worst 10 Years Return (%) - Annualized -2.75 -2.75 -8.73
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· As of Sep 2024 - Over the previous 30Y
Best Rolling Return (%) - Annualized 87.57 45.22 37.96 16.79 9.80 4.21
Worst Rolling Return (%) - Annualized -53.67 -16.16 -10.08 -0.79 4.22
Positive Periods (%) 60.7 59.3 71.0 97.5 100.0 100.0
Best Rolling Return (%) - Annualized 85.98 42.35 35.00 14.27 8.03 2.12
Worst Rolling Return (%) - Annualized -54.63 -17.51 -11.57 -2.75 2.52
Positive Periods (%) 58.1 52.9 59.8 82.9 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
10.00 16.62 22.53 29.66 23.95 26.11 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 12.67 21.24 29.06 41.42 31.56 32.26 2.25 0.00
99% VaR - Value at Risk (%) - Cumulative
14.38 24.20 33.25 52.37 36.44 39.26 6.52 0.00
99% CVaR - Conditional Value at Risk (%) 17.16 29.02 40.06 53.18 39.04 40.79 7.62 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 60.15 22.28 13.23 7.22 5.01 4.03
Perpetual Withdrawal Rate (%) --- --- --- --- 2.30 1.88
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Jan 1976 - Sep 2024)
Best Rolling Return (%) - Annualized 118.19 62.57 52.11 24.90 18.53 12.56
Worst Rolling Return (%) - Annualized -53.67 -22.87 -11.05 -5.93 4.22 3.20
Positive Periods (%) 63.5 63.4 68.4 91.8 100.0 100.0
Best Rolling Return (%) - Annualized 109.00 56.88 46.85 22.05 15.68 10.27
Worst Rolling Return (%) - Annualized -54.63 -27.02 -15.00 -8.73 1.65 1.14
Positive Periods (%) 59.7 58.5 57.9 73.3 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
10.61 17.40 23.26 33.42 36.98 37.37 13.43 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 13.48 22.37 30.29 42.63 45.01 40.42 32.45 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
15.32 25.56 34.80 48.03 48.84 42.66 38.86 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 18.32 30.76 42.15 51.35 52.05 43.72 42.72 0.00 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 60.15 17.76 10.15 5.34 4.07 3.48
Perpetual Withdrawal Rate (%) --- --- --- --- 1.15 1.00
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • 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 portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio 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 portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Drawdowns

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.

ISHARES MSCI EMERGING MARKETS (EEM) TO EUR HEDGED ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Time Period: 1 October 1994 - 30 September 2024 (30 Years)
Time Period: 1 January 1976 - 30 September 2024 (~49 years)
Inflation Adjusted:

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Rolling Returns

For a detailed rolling return analysis, click here
iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF: Rolling Returns

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MSCI EMERGING MARKETS (EEM) TO EUR HEDGED ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 October 1994 - 30 September 2024 (30 Years)
Time Period: 1 January 1976 - 30 September 2024 (~49 years)
Inflation Adjusted:

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The values shown for the rolling periods represent key statistical points: the minimum, maximum, median, and the 15th and 85th percentiles. These percentiles give insight into the distribution of the data, indicating the range within which the central 70% of the values lie, while the median represents the middle value.

Seasonality

In which months is it better to invest in iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past. They are retrieved considering the time period from January 1976 to September 2024.

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For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares MSCI Emerging Markets (EEM) to EUR Hedged ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES MSCI EMERGING MARKETS (EEM) TO EUR HEDGED ETF
Monthly Returns Distribution
Time Period: 1 October 1994 - 30 September 2024 (30 Years)
Time Period: 1 January 1976 - 30 September 2024 (~49 years)
197 Positive Months (55%) - 163 Negative Months (45%)
319 Positive Months (55%) - 266 Negative Months (45%)

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Methodology

Returns, up to December 2003, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

For non-EUR assets, hedged returns are calculated taking into account the interest rate differentials of the countries. It is assumed that hedged instruments have a yearly additional expense ratio of 0.25%.

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Build wealth
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