iShares MSCI Germany ETF (EWG): Historical Returns

Data Source: from January 1997 to February 2024 (~27 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 01 2024
Category: Stocks
iShares MSCI Germany ETF (EWG) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.46%
1 Day
Mar 01 2024
0.46%
Current Month
March 2024

In the last 20 Years, the iShares MSCI Germany ETF (EWG) ETF obtained a 5.58% compound annual return, with a 22.36% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Developed Europe
  • Country: U.S.

Investment Returns as of Feb 29, 2024

The iShares MSCI Germany ETF (EWG) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES MSCI GERMANY ETF (EWG) ETF
Consolidated returns as of 29 February 2024
Live Update: Mar 01 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 20Y MAX
(~27Y)
iShares MSCI Germany ETF (EWG) ETF 0.46 0.46 5.40 9.75 15.37 5.10 2.08 5.58 5.30
US Inflation Adjusted return 5.40 8.51 12.32 0.96 -0.67 2.94 2.75
Returns over 1 year are annualized | Available data source: since Jan 1997
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.71% , 5Y: 4.10% , 10Y: 2.77% , 20Y: 2.56%

In 2023, the iShares MSCI Germany ETF (EWG) ETF granted a 3.08% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Germany ETF (EWG) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 2004, now would be worth 2.96$, with a total return of 196.08% (5.58% annualized).

The Inflation Adjusted Capital now would be 1.78$, with a net total return of 78.50% (2.94% annualized).
An investment of 1$, since January 1997, now would be worth 4.07$, with a total return of 306.80% (5.30% annualized).

The Inflation Adjusted Capital now would be 2.09$, with a net total return of 108.99% (2.75% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of iShares MSCI Germany ETF (EWG) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES MSCI GERMANY ETF (EWG) ETF
Advanced Metrics
Data Source: 1 January 1997 - 29 February 2024 (~27 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~27Y)
Investment Return (%) 5.40 7.86 9.75 15.37 1.33 5.10 2.08 5.58 5.30
Infl. Adjusted Return (%) details 5.40 7.28 8.51 12.32 -3.97 0.96 -0.67 2.94 2.75
US Inflation (%) 0.00 0.54 1.14 2.71 5.52 4.10 2.77 2.56 2.48
Pending updates, the monthly inflation after Jan 2024 is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Deepest Drawdown Depth (%) -14.12 -41.66 -41.66 -41.66 -60.68 -64.17
Start to Recovery (# months) details 5 33* 33* 33* 73 74
Start (yyyy mm) 2023 08 2021 06 2021 06 2021 06 2007 11 2000 03
Start to Bottom (# months) 3 16 16 16 16 37
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03
Bottom to End (# months) 2 17 17 17 57 37
End (yyyy mm) 2023 12 - - - 2013 11 2006 04
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-35.44
same as
deepest

same as
deepest
Start to Recovery (# months) details 38
Start (yyyy mm) 2023 08 2021 06 2021 06 2018 02 2007 11 2000 03
Start to Bottom (# months) 3 16 16 26 16 37
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2020 03 2009 02 2003 03
Bottom to End (# months) 2 17 17 12 57 37
End (yyyy mm) 2023 12 - - 2021 03 2013 11 2006 04
Longest negative period (# months) details 8 35 54 113 185 185
Period Start (yyyy mm) 2023 03 2021 03 2019 05 2014 06 2007 05 2007 05
Period End (yyyy mm) 2023 10 2024 01 2023 10 2023 10 2022 09 2022 09
Annualized Return (%) -7.69 -0.44 -0.02 -0.04 -0.50 -0.50
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -14.93 -47.15 -47.15 -47.15 -61.33 -66.88
Start to Recovery (# months) details 7 33* 33* 33* 123 85
Start (yyyy mm) 2023 08 2021 06 2021 06 2021 06 2007 11 2000 03
Start to Bottom (# months) 3 16 16 16 16 37
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03
Bottom to End (# months) 4 17 17 17 107 48
End (yyyy mm) 2024 02 - - - 2018 01 2007 03
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-37.77
same as
deepest
-61.33
Start to Recovery (# months) details 40 123
Start (yyyy mm) 2023 08 2021 06 2021 06 2018 02 2007 11 2007 11
Start to Bottom (# months) 3 16 16 26 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2020 03 2009 02 2009 02
Bottom to End (# months) 4 17 17 14 107 107
End (yyyy mm) 2024 02 - - 2021 05 2018 01 2018 01
Longest negative period (# months) details 9 36* 59 120* 203 294
Period Start (yyyy mm) 2023 05 2021 03 2019 03 2014 03 2006 12 1998 04
Period End (yyyy mm) 2024 01 2024 02 2024 01 2024 02 2023 10 2022 09
Annualized Return (%) -0.82 -3.97 -0.10 -0.67 -0.20 -0.13
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 18.89 23.11 24.01 19.91 22.36 23.71
Sharpe Ratio 0.54 -0.04 0.14 0.05 0.19 0.06
Sortino Ratio 0.78 -0.07 0.19 0.07 0.26 0.07
Ulcer Index 5.36 18.66 15.49 15.66 20.57 24.82
Ratio: Return / Standard Deviation 0.81 0.06 0.21 0.10 0.25 0.22
Ratio: Return / Deepest Drawdown 1.09 0.03 0.12 0.05 0.09 0.08
% Positive Months details 58% 50% 53% 51% 56% 55%
Positive Months 7 18 32 62 135 182
Negative Months 5 18 28 58 105 144
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 2.08 9.79 13.20
Worst 10 Years Return (%) - Annualized 0.88 -1.56
Best 10 Years Return (%) - Annualized -0.67 7.85 10.58
Worst 10 Years Return (%) - Annualized -1.85 -4.05
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Over the latest 20Y
Best Rolling Return (%) - Annualized 59.29 31.61 21.47 9.79 5.58
Worst Rolling Return (%) - Annualized -54.62 -14.50 -7.73 0.88
% Positive Periods 63% 70% 75% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 62.25 20.97 12.80 7.19 7.47
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 3.28
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 55.22 27.64 19.02 7.85 2.94
Worst Rolling Return (%) - Annualized -54.62 -15.83 -10.39 -1.85
% Positive Periods 60% 59% 62% 91% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 62.25 20.97 12.80 7.19 7.47
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 3.28
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1997 - Feb 2024)
Best Rolling Return (%) - Annualized 81.35 39.76 32.00 13.20 8.44
Worst Rolling Return (%) - Annualized -54.62 -28.22 -12.78 -1.56 1.34
% Positive Periods 61% 65% 68% 97% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 62.25 19.89 11.35 6.73 4.00
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 78.25 35.98 28.29 10.58 5.79
Worst Rolling Return (%) - Annualized -54.62 -29.94 -14.96 -4.05 -0.73
% Positive Periods 59% 56% 57% 85% 98%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 62.25 19.89 11.35 6.73 4.00
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | 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.
  • 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.

Correlations as of Feb 29, 2024

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.

Monthly correlations of iShares MSCI Germany ETF (EWG) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MSCI GERMANY ETF (EWG) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs EWG
Asset Class 1 Year 5 Years 10 Years Since
Jan 1997
VTI
US Total Stock Market
0.93
0.87
0.83
0.83
SPY
US Large Cap
0.94
0.86
0.83
0.81
IJR
US Small Cap
0.70
0.80
0.72
0.75
VNQ
US REITs
0.88
0.76
0.63
0.57
QQQ
US Technology
0.72
0.76
0.74
0.69
PFF
Preferred Stocks
0.70
0.74
0.68
0.44
EFA
EAFE Stocks
0.97
0.96
0.95
0.90
VT
World All Countries
0.96
0.92
0.90
0.89
EEM
Emerging Markets
0.89
0.82
0.76
0.77
VGK
Europe
0.97
0.97
0.96
0.94
VPL
Pacific
0.93
0.90
0.85
0.69
FLLA
Latin America
0.82
0.72
0.62
0.69
BND
US Total Bond Market
0.77
0.55
0.44
0.15
TLT
Long Term Treasuries
0.82
0.21
0.12
-0.12
BIL
US Cash
0.19
0.03
0.04
0.01
TIP
TIPS
0.72
0.53
0.45
0.16
LQD
Invest. Grade Bonds
0.82
0.69
0.61
0.33
HYG
High Yield Bonds
0.88
0.80
0.75
0.66
CWB
US Convertible Bonds
0.75
0.76
0.74
0.75
BNDX
International Bonds
0.68
0.52
0.39
0.13
EMB
Emerg. Market Bonds
0.92
0.82
0.74
0.58
GLD
Gold
0.31
0.29
0.17
0.13
DBC
Commodities
0.05
0.49
0.41
0.31

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

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 GERMANY ETF (EWG) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 2004 - 29 February 2024 (20 Years)
Data Source: 1 January 1997 - 29 February 2024 (~27 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-60.68% Nov 2007 Feb 2009 16 Nov 2013 57 73 31.16
-41.66% Jun 2021 Sep 2022 16 in progress 17 33 19.47
-35.44% Feb 2018 Mar 2020 26 Mar 2021 12 38 16.61
-24.57% Jun 2014 Feb 2016 21 May 2017 15 36 12.75
-7.52% Mar 2004 Aug 2004 6 Oct 2004 2 8 4.31
-7.14% Jan 2005 Apr 2005 4 Jul 2005 3 7 4.06
-6.08% Jan 2014 Jan 2014 1 May 2014 4 5 2.54
-5.21% May 2006 Jul 2006 3 Oct 2006 3 6 3.28
-3.74% Jul 2007 Jul 2007 1 Sep 2007 2 3 2.29
-2.78% Oct 2005 Oct 2005 1 Nov 2005 1 2 1.60
-0.52% Jun 2017 Jun 2017 1 Jul 2017 1 2 0.30
-0.41% Dec 2017 Dec 2017 1 Jan 2018 1 2 0.24
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 37 6.5 Months 15.35%
 
DD = 0% 15.35%
 
0% < DD <= -5% 33 7.3 Months 13.69%
 
DD <= -5% 29.05%
 
-5% < DD <= -10% 34 7.1 Months 14.11%
 
DD <= -10% 43.15%
 
-10% < DD <= -15% 31 7.8 Months 12.86%
 
DD <= -15% 56.02%
 
-15% < DD <= -20% 27 8.9 Months 11.20%
 
DD <= -20% 67.22%
 
-20% < DD <= -25% 26 9.3 Months 10.79%
 
DD <= -25% 78.01%
 
-25% < DD <= -30% 11 21.9 Months 4.56%
 
DD <= -30% 82.57%
 
-30% < DD <= -35% 14 17.2 Months 5.81%
 
DD <= -35% 88.38%
 
-35% < DD <= -40% 14 17.2 Months 5.81%
 
DD <= -40% 94.19%
 
-40% < DD <= -45% 7 34.4 Months 2.90%
 
DD <= -45% 97.10%
 
-45% < DD <= -50% 3 80.3 Months 1.24%
 
DD <= -50% 98.34%
 
-50% < DD <= -55% 2 120.5 Months 0.83%
 
DD <= -55% 99.17%
 
-55% < DD <= -60% 1 241.0 Months 0.41%
 
DD <= -60% 99.59%
 
-60% < DD <= -65% 1 241.0 Months 0.41%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-61.33% Nov 2007 Feb 2009 16 Jan 2018 107 123 28.71
-47.15% Jun 2021 Sep 2022 16 in progress 17 33 26.05
-37.77% Feb 2018 Mar 2020 26 May 2021 14 40 18.09
-8.74% Mar 2004 Aug 2004 6 Nov 2004 3 9 4.80
-8.10% Jan 2005 Apr 2005 4 Aug 2005 4 8 4.38
-6.24% May 2006 Jul 2006 3 Oct 2006 3 6 3.87
-3.96% Jun 2007 Jul 2007 2 Sep 2007 2 4 2.20
-3.55% Sep 2005 Oct 2005 2 Dec 2005 2 4 1.61
-0.24% Feb 2007 Feb 2007 1 Mar 2007 1 2 0.14
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 20 12.1 Months 8.30%
 
DD = 0% 8.30%
 
0% < DD <= -5% 30 8.0 Months 12.45%
 
DD <= -5% 20.75%
 
-5% < DD <= -10% 28 8.6 Months 11.62%
 
DD <= -10% 32.37%
 
-10% < DD <= -15% 26 9.3 Months 10.79%
 
DD <= -15% 43.15%
 
-15% < DD <= -20% 22 11.0 Months 9.13%
 
DD <= -20% 52.28%
 
-20% < DD <= -25% 37 6.5 Months 15.35%
 
DD <= -25% 67.63%
 
-25% < DD <= -30% 22 11.0 Months 9.13%
 
DD <= -30% 76.76%
 
-30% < DD <= -35% 16 15.1 Months 6.64%
 
DD <= -35% 83.40%
 
-35% < DD <= -40% 16 15.1 Months 6.64%
 
DD <= -40% 90.04%
 
-40% < DD <= -45% 14 17.2 Months 5.81%
 
DD <= -45% 95.85%
 
-45% < DD <= -50% 5 48.2 Months 2.07%
 
DD <= -50% 97.93%
 
-50% < DD <= -55% 2 120.5 Months 0.83%
 
DD <= -55% 98.76%
 
-55% < DD <= -60% 2 120.5 Months 0.83%
 
DD <= -60% 99.59%
 
-60% < DD <= -65% 1 241.0 Months 0.41%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-64.17% Mar 2000 Mar 2003 37 Apr 2006 37 74 35.93
-60.68% Nov 2007 Feb 2009 16 Nov 2013 57 73 31.16
-41.66% Jun 2021 Sep 2022 16 in progress 17 33 19.47
-35.44% Feb 2018 Mar 2020 26 Mar 2021 12 38 16.61
-24.57% Jun 2014 Feb 2016 21 May 2017 15 36 12.75
-19.68% Aug 1998 Aug 1998 1 Dec 1999 16 17 12.36
-10.92% Aug 1997 Aug 1997 1 Feb 1998 6 7 5.70
-6.08% Jan 2014 Jan 2014 1 May 2014 4 5 2.54
-5.62% Jan 2000 Jan 2000 1 Feb 2000 1 2 3.25
-5.21% May 2006 Jul 2006 3 Oct 2006 3 6 3.28
-3.74% Jul 2007 Jul 2007 1 Sep 2007 2 3 2.29
-2.02% Apr 1997 Apr 1997 1 May 1997 1 2 1.17
-0.52% Jun 2017 Jun 2017 1 Jul 2017 1 2 0.30
-0.41% Dec 2017 Dec 2017 1 Jan 2018 1 2 0.24
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 40 8.2 Months 12.23%
 
DD = 0% 12.23%
 
0% < DD <= -5% 29 11.3 Months 8.87%
 
DD <= -5% 21.10%
 
-5% < DD <= -10% 40 8.2 Months 12.23%
 
DD <= -10% 33.33%
 
-10% < DD <= -15% 44 7.4 Months 13.46%
 
DD <= -15% 46.79%
 
-15% < DD <= -20% 36 9.1 Months 11.01%
 
DD <= -20% 57.80%
 
-20% < DD <= -25% 35 9.3 Months 10.70%
 
DD <= -25% 68.50%
 
-25% < DD <= -30% 18 18.2 Months 5.50%
 
DD <= -30% 74.01%
 
-30% < DD <= -35% 24 13.6 Months 7.34%
 
DD <= -35% 81.35%
 
-35% < DD <= -40% 24 13.6 Months 7.34%
 
DD <= -40% 88.69%
 
-40% < DD <= -45% 13 25.2 Months 3.98%
 
DD <= -45% 92.66%
 
-45% < DD <= -50% 9 36.3 Months 2.75%
 
DD <= -50% 95.41%
 
-50% < DD <= -55% 6 54.5 Months 1.83%
 
DD <= -55% 97.25%
 
-55% < DD <= -60% 5 65.4 Months 1.53%
 
DD <= -60% 98.78%
 
-60% < DD <= -65% 4 81.8 Months 1.22%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-66.88% Mar 2000 Mar 2003 37 Mar 2007 48 85 37.71
-61.33% Nov 2007 Feb 2009 16 Jan 2018 107 123 28.71
-47.15% Jun 2021 Sep 2022 16 in progress 17 33 26.05
-37.77% Feb 2018 Mar 2020 26 May 2021 14 40 18.09
-19.78% Aug 1998 Aug 1998 1 Dec 1999 16 17 13.39
-11.14% Aug 1997 Aug 1997 1 Feb 1998 6 7 6.11
-5.90% Jan 2000 Jan 2000 1 Feb 2000 1 2 3.41
-3.96% Jun 2007 Jul 2007 2 Sep 2007 2 4 2.20
-2.09% Apr 1997 Apr 1997 1 May 1997 1 2 1.20
-0.19% Jan 1997 Jan 1997 1 Feb 1997 1 2 0.11
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 21 15.6 Months 6.42%
 
DD = 0% 6.42%
 
0% < DD <= -5% 23 14.2 Months 7.03%
 
DD <= -5% 13.46%
 
-5% < DD <= -10% 28 11.7 Months 8.56%
 
DD <= -10% 22.02%
 
-10% < DD <= -15% 40 8.2 Months 12.23%
 
DD <= -15% 34.25%
 
-15% < DD <= -20% 34 9.6 Months 10.40%
 
DD <= -20% 44.65%
 
-20% < DD <= -25% 43 7.6 Months 13.15%
 
DD <= -25% 57.80%
 
-25% < DD <= -30% 28 11.7 Months 8.56%
 
DD <= -30% 66.36%
 
-30% < DD <= -35% 26 12.6 Months 7.95%
 
DD <= -35% 74.31%
 
-35% < DD <= -40% 26 12.6 Months 7.95%
 
DD <= -40% 82.26%
 
-40% < DD <= -45% 30 10.9 Months 9.17%
 
DD <= -45% 91.44%
 
-45% < DD <= -50% 7 46.7 Months 2.14%
 
DD <= -50% 93.58%
 
-50% < DD <= -55% 9 36.3 Months 2.75%
 
DD <= -55% 96.33%
 
-55% < DD <= -60% 5 65.4 Months 1.53%
 
DD <= -60% 97.86%
 
-60% < DD <= -65% 5 65.4 Months 1.53%
 
DD <= -65% 99.39%
 
-65% < DD <= -70% 2 163.5 Months 0.61%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

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 GERMANY ETF (EWG) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 2004 - 29 February 2024 (20 Years)
Data Source: 1 January 1997 - 29 February 2024 (~27 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.62 03/2008
02/2009
0.45$ -14.81 0.85$ 10.56 1.10$ 30.83 1.30$ 59.29 04/2020
03/2021
1.59$ 15.37 36.24%
2Y -28.10 03/2007
02/2009
0.51$ -8.49 0.83$ 4.94 1.10$ 21.64 1.47$ 42.01 03/2009
02/2011
2.01$ 5.67 37.79%
3Y -14.50 07/2007
06/2010
0.62$ -3.52 0.89$ 4.05 1.12$ 12.77 1.43$ 31.61 11/2004
10/2007
2.27$ 1.33 29.27%
5Y -7.73 06/2007
05/2012
0.66$ -1.85 0.91$ 4.68 1.25$ 9.02 1.54$ 21.47 03/2009
02/2014
2.64$ 5.10 24.86%
7Y -1.32 11/2007
10/2014
0.91$ 1.73 1.12$ 4.57 1.36$ 7.06 1.61$ 11.48 05/2004
04/2011
2.14$ 4.18 5.73%
10Y 0.88 11/2013
10/2023
1.09$ 2.10 1.23$ 4.47 1.54$ 7.44 2.04$ 9.79 06/2004
05/2014
2.54$ 2.08 0.00%
15Y -1.15 10/2007
09/2022
0.84$ 1.13 1.18$ 4.84 2.03$ 5.93 2.37$ 8.18 03/2009
02/2024
3.25$ 8.18 4.92%
20Y 5.58 03/2004
02/2024
2.96$ 5.58 2.96$ 5.58 2.96$ 5.58 2.96$ 5.58 03/2004
02/2024
2.96$ 5.58 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.62 03/2008
02/2009
0.45$ -17.45 0.82$ 7.11 1.07$ 27.59 1.27$ 55.22 04/2020
03/2021
1.55$ 12.32 39.74%
2Y -29.55 03/2007
02/2009
0.49$ -12.78 0.76$ 1.99 1.04$ 18.76 1.41$ 39.04 03/2009
02/2011
1.93$ 1.28 44.70%
3Y -15.83 07/2007
06/2010
0.59$ -5.74 0.83$ 1.79 1.05$ 10.93 1.36$ 27.64 11/2004
10/2007
2.07$ -3.97 40.98%
5Y -10.39 10/2017
09/2022
0.57$ -3.82 0.82$ 2.45 1.12$ 6.92 1.39$ 19.02 03/2009
02/2014
2.38$ 0.96 37.02%
7Y -3.80 10/2015
09/2022
0.76$ -0.36 0.97$ 2.28 1.17$ 5.29 1.43$ 8.87 03/2009
02/2016
1.81$ 0.69 16.56%
10Y -1.85 11/2013
10/2023
0.82$ 0.26 1.02$ 2.49 1.27$ 5.29 1.67$ 7.85 03/2009
02/2019
2.12$ -0.67 8.26%
15Y -3.44 10/2007
09/2022
0.59$ -1.13 0.84$ 2.80 1.51$ 3.79 1.74$ 5.50 03/2009
02/2024
2.23$ 5.50 24.59%
20Y 2.94 03/2004
02/2024
1.78$ 2.94 1.78$ 2.94 1.78$ 2.94 1.78$ 2.94 03/2004
02/2024
1.78$ 2.94 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.62 03/2008
02/2009
0.45$ -19.98 0.80$ 9.38 1.09$ 31.54 1.31$ 81.35 04/2003
03/2004
1.81$ 15.37 38.41%
2Y -30.72 10/2000
09/2002
0.47$ -13.24 0.75$ 4.84 1.09$ 22.70 1.50$ 45.92 04/2003
03/2005
2.12$ 5.67 37.29%
3Y -28.22 04/2000
03/2003
0.36$ -6.29 0.82$ 4.16 1.13$ 17.26 1.61$ 39.76 04/2003
03/2006
2.73$ 1.33 34.36%
5Y -12.78 04/1998
03/2003
0.50$ -2.92 0.86$ 3.94 1.21$ 10.17 1.62$ 32.00 10/2002
09/2007
4.00$ 5.10 31.09%
7Y -1.44 07/1998
06/2005
0.90$ 1.71 1.12$ 4.62 1.37$ 9.25 1.85$ 16.31 04/2003
03/2010
2.87$ 4.18 5.35%
10Y -1.56 03/1999
02/2009
0.85$ 1.92 1.20$ 5.02 1.63$ 9.23 2.41$ 13.20 04/2003
03/2013
3.45$ 2.08 2.42%
15Y -1.15 10/2007
09/2022
0.84$ 3.00 1.55$ 4.94 2.05$ 6.70 2.64$ 11.33 04/2003
03/2018
5.00$ 8.18 2.04%
20Y 1.34 04/2000
03/2020
1.30$ 3.66 2.05$ 5.34 2.83$ 6.26 3.36$ 8.44 04/2003
03/2023
5.05$ 5.58 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.62 03/2008
02/2009
0.45$ -22.04 0.77$ 6.68 1.06$ 28.88 1.28$ 78.25 04/2003
03/2004
1.78$ 12.32 40.95%
2Y -32.11 10/2000
09/2002
0.46$ -14.80 0.72$ 1.99 1.04$ 19.66 1.43$ 42.40 04/2003
03/2005
2.02$ 1.28 44.88%
3Y -29.94 04/2000
03/2003
0.34$ -8.78 0.75$ 1.79 1.05$ 14.46 1.49$ 35.98 04/2003
03/2006
2.51$ -3.97 43.30%
5Y -14.96 04/1998
03/2003
0.44$ -5.90 0.73$ 1.54 1.07$ 8.53 1.50$ 28.29 10/2002
09/2007
3.47$ 0.96 42.32%
7Y -3.86 07/1998
06/2005
0.75$ -0.43 0.96$ 2.28 1.17$ 6.96 1.60$ 13.57 04/2003
03/2010
2.43$ 0.69 18.52%
10Y -4.05 03/1999
02/2009
0.66$ 0.06 1.00$ 3.06 1.35$ 6.62 1.89$ 10.58 04/2003
03/2013
2.73$ -0.67 14.01%
15Y -3.44 10/2007
09/2022
0.59$ 0.75 1.11$ 2.68 1.48$ 4.34 1.89$ 9.08 04/2003
03/2018
3.68$ 5.50 10.20%
20Y -0.73 04/2000
03/2020
0.86$ 1.47 1.33$ 2.81 1.74$ 3.83 2.11$ 5.79 04/2003
03/2023
3.08$ 2.94 1.15%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares MSCI Germany ETF (EWG) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares MSCI Germany ETF (EWG) ETF?

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.
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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
1.00
20%
-2.56
40%
-2.62
40%
3.05
80%
1.28
60%
0.66
60%
0.94
60%
-1.30
40%
-4.46
20%
1.11
60%
8.21
80%
2.55
80%
Best 13.4
2023
5.4
2024
4.5
2021
9.8
2020
9.4
2020
7.1
2019
4.2
2020
6.5
2020
2.5
2019
10.5
2022
16.4
2022
5.3
2020
Worst -3.0
2020
-9.2
2022
-18.1
2020
-8.4
2022
-6.5
2019
-13.2
2022
-4.4
2019
-7.4
2022
-9.6
2022
-9.8
2020
-5.8
2021
-2.6
2022
Monthly Seasonality over the period Feb 1997 - Feb 2024
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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
1.58
50%
-1.63
50%
-0.03
50%
2.20
80%
0.70
50%
-0.84
30%
1.20
70%
-1.54
40%
-2.85
30%
0.56
50%
4.21
70%
0.48
50%
Best 13.4
2023
5.9
2015
10.1
2016
9.8
2020
9.4
2020
7.1
2019
6.7
2016
6.5
2020
5.4
2017
10.5
2022
16.4
2022
6.7
2016
Worst -7.1
2016
-9.2
2022
-18.1
2020
-8.4
2022
-6.5
2019
-13.2
2022
-6.8
2014
-7.4
2022
-9.6
2022
-9.8
2020
-5.8
2021
-5.6
2018
Monthly Seasonality over the period Feb 1997 - Feb 2024
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
-0.17
52%
-0.73
50%
0.79
52%
3.31
67%
0.21
56%
0.03
44%
1.11
56%
-2.79
37%
-1.65
48%
2.13
67%
2.77
70%
3.13
70%
Best 13.4
2023
10.7
2000
11.0
2009
24.7
2003
11.9
2009
8.4
1999
12.0
2009
6.5
2020
13.9
2010
16.0
2011
16.4
2022
19.6
1999
Worst -19.4
2009
-13.0
2009
-18.1
2020
-8.8
2000
-13.5
2012
-13.2
2022
-16.3
2002
-19.7
1998
-24.0
2002
-22.7
2008
-10.2
2008
-10.1
2002
Monthly Seasonality over the period Feb 1997 - Feb 2024

Monthly Returns

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

ISHARES MSCI GERMANY ETF (EWG) ETF
Monthly Returns Distribution
Data Source: 1 March 2004 - 29 February 2024 (20 Years)
Data Source: 1 January 1997 - 29 February 2024 (~27 years)
135 Positive Months (56%) - 105 Negative Months (44%)
182 Positive Months (56%) - 144 Negative Months (44%)
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(Scroll down to see all data)
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