iShares MSCI Hong Kong ETF (EWH): Historical Returns

Data Source: from January 1997 to January 2024 (~27 years)
Consolidated Returns as of 31 January 2024
Category: Stocks
iShares MSCI Hong Kong ETF (EWH) ETF
ETF • LIVE PERFORMANCE (USD currency)
9.73%
January 2024

In the last 20 Years, the iShares MSCI Hong Kong ETF (EWH) ETF obtained a 4.88% compound annual return, with a 20.55% 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 Asia Pacific
  • Country: Developed Asia Pacific ex-Japan

Investment Returns as of Jan 31, 2024

The iShares MSCI Hong Kong ETF (EWH) 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 HONG KONG ETF (EWH) ETF
Consolidated returns as of 31 January 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 20Y MAX
(~27Y)
iShares MSCI Hong Kong ETF (EWH) ETF n.a. n.a. -9.73 -19.60 -25.87 -5.93 1.14 4.88 3.11
US Inflation Adjusted return -10.00 -20.92 -28.10 -9.69 -1.60 2.25 0.61
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. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 20Y: 2.57%

In 2023, the iShares MSCI Hong Kong ETF (EWH) ETF granted a 3.57% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Hong Kong ETF (EWH) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 2004, now would be worth 2.59$, with a total return of 159.32% (4.88% annualized).

The Inflation Adjusted Capital now would be 1.56$, with a net total return of 56.00% (2.25% annualized).
An investment of 1$, since January 1997, now would be worth 2.29$, with a total return of 129.38% (3.11% annualized).

The Inflation Adjusted Capital now would be 1.18$, with a net total return of 17.84% (0.61% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of iShares MSCI Hong Kong ETF (EWH) ETF, updated as of 31 January 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 HONG KONG ETF (EWH) ETF
Advanced Metrics
Data Source: 1 January 1997 - 31 January 2024 (~27 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~27Y)
Investment Return (%) -9.73 -4.13 -19.60 -25.87 -11.72 -5.93 1.14 4.88 3.11
Infl. Adjusted Return (%) details -10.00 -4.80 -20.92 -28.10 -16.45 -9.69 -1.60 2.25 0.61
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.49
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Deepest Drawdown Depth (%) -25.87 -40.35 -40.35 -40.35 -57.02 -65.56
Start to Recovery (# months) details 12* 32* 32* 32* 63 104
Start (yyyy mm) 2023 02 2021 06 2021 06 2021 06 2007 11 1997 08
Start to Bottom (# months) 12 17 17 17 16 13
Bottom (yyyy mm) 2024 01 2022 10 2022 10 2022 10 2009 02 1998 08
Bottom to End (# months) 0 15 15 15 47 91
End (yyyy mm) - - - - 2013 01 2006 03
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 02 2021 06 2021 06 2021 06 2007 11 1997 08
Start to Bottom (# months) 12 17 17 17 16 13
Bottom (yyyy mm) 2024 01 2022 10 2022 10 2022 10 2009 02 1998 08
Bottom to End (# months) 0 15 15 15 47 91
End (yyyy mm) - - - - 2013 01 2006 03
Longest negative period (# months) details 12* 36* 60* 115* 115* 147
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 07 2014 07 1997 01
Period End (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2024 01 2009 03
Annualized Return (%) -25.87 -11.72 -5.93 0.00 0.00 -0.45
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -28.10 -46.81 -46.81 -46.81 -57.73 -66.19
Start to Recovery (# months) details 12* 32* 32* 32* 81 119
Start (yyyy mm) 2023 02 2021 06 2021 06 2021 06 2007 11 1997 08
Start to Bottom (# months) 12 32 32 32 16 13
Bottom (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2009 02 1998 08
Bottom to End (# months) 0 0 0 0 65 106
End (yyyy mm) - - - - 2014 07 2007 06
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-23.71
same as
deepest

same as
deepest
Start to Recovery (# months) details 37
Start (yyyy mm) 2023 02 2021 06 2021 06 2018 02 2007 11 1997 08
Start to Bottom (# months) 12 32 32 26 16 13
Bottom (yyyy mm) 2024 01 2024 01 2024 01 2020 03 2009 02 1998 08
Bottom to End (# months) 0 0 0 11 65 106
End (yyyy mm) - - - 2021 02 2014 07 2007 06
Longest negative period (# months) details 12* 36* 60* 120* 198* 198*
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2007 08 2007 08
Period End (yyyy mm) 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01
Annualized Return (%) -28.10 -16.45 -9.69 -1.60 -0.09 -0.09
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 18.85 22.71 21.90 19.32 20.55 24.49
Sharpe Ratio -1.64 -0.61 -0.35 0.00 0.17 -0.04
Sortino Ratio -2.27 -0.97 -0.52 0.00 0.24 -0.05
Ulcer Index 15.76 22.58 19.04 14.87 17.81 24.12
Ratio: Return / Standard Deviation -1.37 -0.52 -0.27 0.06 0.24 0.13
Ratio: Return / Deepest Drawdown -1.00 -0.29 -0.15 0.03 0.09 0.05
% Positive Months details 50% 50% 51% 55% 60% 57%
Positive Months 6 18 31 67 144 186
Negative Months 6 18 29 53 96 139
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 1.14 13.78 14.52
Worst 10 Years Return (%) - Annualized 0.85 0.85
Best 10 Years Return (%) - Annualized -1.60 11.81 11.86
Worst 10 Years Return (%) - Annualized -1.88 -1.88
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Over the latest 20Y
Best Rolling Return (%) - Annualized 66.81 32.09 19.27 13.78 4.88
Worst Rolling Return (%) - Annualized -55.09 -11.72 -5.93 0.85
% Positive Periods 65% 79% 87% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 65.66 21.45 13.86 8.11 8.45
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 3.03
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 61.28 28.10 16.86 11.81 2.25
Worst Rolling Return (%) - Annualized -56.71 -16.45 -9.69 -1.88
% Positive Periods 62% 72% 80% 93% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 65.66 21.45 13.86 8.11 8.45
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 3.03
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1997 - Jan 2024)
Best Rolling Return (%) - Annualized 119.19 32.09 28.73 14.52 10.68
Worst Rolling Return (%) - Annualized -59.95 -18.95 -12.05 0.85 4.21
% Positive Periods 58% 75% 83% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 60.36 21.10 12.45 6.36 4.05
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.51
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 114.34 28.10 25.09 11.86 8.32
Worst Rolling Return (%) - Annualized -60.59 -20.89 -14.04 -1.88 2.03
% Positive Periods 56% 66% 74% 95% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 60.36 21.10 12.45 6.36 4.05
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.51
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 Jan 31, 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 Hong Kong ETF (EWH) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MSCI HONG KONG ETF (EWH) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs EWH
Asset Class 1 Year 5 Years 10 Years Since
Jan 1997
VTI
US Total Stock Market
0.65
0.47
0.50
0.63
SPY
US Large Cap
0.64
0.46
0.50
0.62
IJR
US Small Cap
0.67
0.50
0.46
0.57
VNQ
US REITs
0.74
0.48
0.47
0.44
QQQ
US Technology
0.41
0.39
0.46
0.54
PFF
Preferred Stocks
0.34
0.44
0.42
0.32
EFA
EAFE Stocks
0.80
0.67
0.68
0.69
VT
World All Countries
0.73
0.58
0.62
0.70
EEM
Emerging Markets
0.82
0.78
0.79
0.83
VGK
Europe
0.78
0.65
0.64
0.64
VPL
Pacific
0.79
0.67
0.72
0.70
FLLA
Latin America
0.77
0.41
0.42
0.66
BND
US Total Bond Market
0.59
0.39
0.35
0.14
TLT
Long Term Treasuries
0.60
0.17
0.16
-0.07
BIL
US Cash
0.04
-0.08
-0.10
-0.06
TIP
TIPS
0.59
0.27
0.32
0.15
LQD
Invest. Grade Bonds
0.62
0.46
0.45
0.26
HYG
High Yield Bonds
0.65
0.38
0.42
0.46
CWB
US Convertible Bonds
0.65
0.49
0.54
0.60
BNDX
International Bonds
0.55
0.24
0.21
0.22
EMB
Emerg. Market Bonds
0.76
0.58
0.57
0.58
GLD
Gold
0.46
0.30
0.23
0.23
DBC
Commodities
0.35
0.40
0.31
0.33

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 HONG KONG ETF (EWH) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 January 1997 - 31 January 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
-57.02% Nov 2007 Feb 2009 16 Jan 2013 47 63 27.57
-40.35% Jun 2021 Oct 2022 17 in progress 15 32 23.91
-23.05% May 2019 May 2020 13 Feb 2021 9 22 11.87
-22.64% May 2015 Jan 2016 9 Apr 2017 15 24 12.03
-18.38% Feb 2018 Oct 2018 9 Mar 2019 5 14 7.91
-13.11% Mar 2004 Apr 2004 2 Nov 2004 7 9 7.42
-8.32% May 2013 Jun 2013 2 Sep 2013 3 5 4.77
-7.59% Aug 2014 Sep 2014 2 Mar 2015 6 8 3.29
-7.18% Jan 2014 Jan 2014 1 May 2014 4 5 3.51
-7.00% Oct 2005 Oct 2005 1 Jan 2006 3 4 4.37
-6.36% May 2006 May 2006 1 Oct 2006 5 6 3.58
-4.80% Jan 2005 Mar 2005 3 Jun 2005 3 6 2.61
-4.15% Feb 2007 Feb 2007 1 May 2007 3 4 2.07
-2.22% Feb 2013 Mar 2013 2 Apr 2013 1 3 1.19
-1.34% Feb 2006 Feb 2006 1 Mar 2006 1 2 0.77
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 46 5.2 Months 19.09%
 
DD = 0% 19.09%
 
0% < DD <= -5% 47 5.1 Months 19.50%
 
DD <= -5% 38.59%
 
-5% < DD <= -10% 34 7.1 Months 14.11%
 
DD <= -10% 52.70%
 
-10% < DD <= -15% 34 7.1 Months 14.11%
 
DD <= -15% 66.80%
 
-15% < DD <= -20% 23 10.5 Months 9.54%
 
DD <= -20% 76.35%
 
-20% < DD <= -25% 17 14.2 Months 7.05%
 
DD <= -25% 83.40%
 
-25% < DD <= -30% 15 16.1 Months 6.22%
 
DD <= -30% 89.63%
 
-30% < DD <= -35% 11 21.9 Months 4.56%
 
DD <= -35% 94.19%
 
-35% < DD <= -40% 5 48.2 Months 2.07%
 
DD <= -40% 96.27%
 
-40% < DD <= -45% 2 120.5 Months 0.83%
 
DD <= -45% 97.10%
 
-45% < DD <= -50% 1 241.0 Months 0.41%
 
DD <= -50% 97.51%
 
-50% < DD <= -55% 2 120.5 Months 0.83%
 
DD <= -55% 98.34%
 
-55% < DD <= -60% 4 60.3 Months 1.66%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
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
-57.73% Nov 2007 Feb 2009 16 Jul 2014 65 81 27.20
-46.81% Jun 2021 Jan 2024 32 in progress 32 30.38
-23.71% Feb 2018 Mar 2020 26 Feb 2021 11 37 11.36
-23.10% May 2015 Jan 2016 9 May 2017 16 25 12.69
-13.43% Mar 2004 Apr 2004 2 Nov 2004 7 9 8.08
-7.58% Aug 2014 Sep 2014 2 Jan 2015 4 6 3.60
-7.14% Oct 2005 Oct 2005 1 Jan 2006 3 4 4.27
-6.64% May 2006 May 2006 1 Oct 2006 5 6 4.10
-5.49% Jan 2005 Mar 2005 3 Jun 2005 3 6 2.90
-4.52% Feb 2007 Feb 2007 1 May 2007 3 4 2.51
-1.52% Aug 2005 Aug 2005 1 Sep 2005 1 2 0.88
-1.39% Feb 2006 Feb 2006 1 Mar 2006 1 2 0.80
-0.63% Sep 2017 Oct 2017 2 Nov 2017 1 3 0.40
-0.07% Feb 2015 Feb 2015 1 Mar 2015 1 2 0.04
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 35 6.9 Months 14.52%
 
DD = 0% 14.52%
 
0% < DD <= -5% 39 6.2 Months 16.18%
 
DD <= -5% 30.71%
 
-5% < DD <= -10% 39 6.2 Months 16.18%
 
DD <= -10% 46.89%
 
-10% < DD <= -15% 25 9.6 Months 10.37%
 
DD <= -15% 57.26%
 
-15% < DD <= -20% 34 7.1 Months 14.11%
 
DD <= -20% 71.37%
 
-20% < DD <= -25% 12 20.1 Months 4.98%
 
DD <= -25% 76.35%
 
-25% < DD <= -30% 16 15.1 Months 6.64%
 
DD <= -30% 82.99%
 
-30% < DD <= -35% 19 12.7 Months 7.88%
 
DD <= -35% 90.87%
 
-35% < DD <= -40% 8 30.1 Months 3.32%
 
DD <= -40% 94.19%
 
-40% < DD <= -45% 4 60.3 Months 1.66%
 
DD <= -45% 95.85%
 
-45% < DD <= -50% 4 60.3 Months 1.66%
 
DD <= -50% 97.51%
 
-50% < DD <= -55% 1 241.0 Months 0.41%
 
DD <= -55% 97.93%
 
-55% < DD <= -60% 5 48.2 Months 2.07%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
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
-65.56% Aug 1997 Aug 1998 13 Mar 2006 91 104 32.90
-57.02% Nov 2007 Feb 2009 16 Jan 2013 47 63 27.57
-40.35% Jun 2021 Oct 2022 17 in progress 15 32 23.91
-23.05% May 2019 May 2020 13 Feb 2021 9 22 11.87
-22.64% May 2015 Jan 2016 9 Apr 2017 15 24 12.03
-18.38% Feb 2018 Oct 2018 9 Mar 2019 5 14 7.91
-12.20% Jan 1997 Mar 1997 3 May 1997 2 5 5.96
-8.32% May 2013 Jun 2013 2 Sep 2013 3 5 4.77
-7.59% Aug 2014 Sep 2014 2 Mar 2015 6 8 3.29
-7.18% Jan 2014 Jan 2014 1 May 2014 4 5 3.51
-6.36% May 2006 May 2006 1 Oct 2006 5 6 3.58
-4.15% Feb 2007 Feb 2007 1 May 2007 3 4 2.07
-2.22% Feb 2013 Mar 2013 2 Apr 2013 1 3 1.19
-0.04% Oct 2017 Oct 2017 1 Nov 2017 1 2 0.02
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 42 7.8 Months 12.88%
 
DD = 0% 12.88%
 
0% < DD <= -5% 42 7.8 Months 12.88%
 
DD <= -5% 25.77%
 
-5% < DD <= -10% 38 8.6 Months 11.66%
 
DD <= -10% 37.42%
 
-10% < DD <= -15% 42 7.8 Months 12.88%
 
DD <= -15% 50.31%
 
-15% < DD <= -20% 31 10.5 Months 9.51%
 
DD <= -20% 59.82%
 
-20% < DD <= -25% 29 11.2 Months 8.90%
 
DD <= -25% 68.71%
 
-25% < DD <= -30% 27 12.1 Months 8.28%
 
DD <= -30% 76.99%
 
-30% < DD <= -35% 21 15.5 Months 6.44%
 
DD <= -35% 83.44%
 
-35% < DD <= -40% 16 20.4 Months 4.91%
 
DD <= -40% 88.34%
 
-40% < DD <= -45% 11 29.6 Months 3.37%
 
DD <= -45% 91.72%
 
-45% < DD <= -50% 13 25.1 Months 3.99%
 
DD <= -50% 95.71%
 
-50% < DD <= -55% 7 46.6 Months 2.15%
 
DD <= -55% 97.85%
 
-55% < DD <= -60% 6 54.3 Months 1.84%
 
DD <= -60% 99.69%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 99.69%
 
-65% < DD <= -70% 1 326.0 Months 0.31%
 
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
-66.19% Aug 1997 Aug 1998 13 Jun 2007 106 119 36.23
-57.73% Nov 2007 Feb 2009 16 Jul 2014 65 81 27.20
-46.81% Jun 2021 Jan 2024 32 in progress 32 30.38
-23.71% Feb 2018 Mar 2020 26 Feb 2021 11 37 11.36
-23.10% May 2015 Jan 2016 9 May 2017 16 25 12.69
-12.58% Jan 1997 Mar 1997 3 May 1997 2 5 6.22
-7.58% Aug 2014 Sep 2014 2 Jan 2015 4 6 3.60
-0.63% Sep 2017 Oct 2017 2 Nov 2017 1 3 0.40
-0.07% Feb 2015 Feb 2015 1 Mar 2015 1 2 0.04
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 24 13.6 Months 7.36%
 
DD = 0% 7.36%
 
0% < DD <= -5% 30 10.9 Months 9.20%
 
DD <= -5% 16.56%
 
-5% < DD <= -10% 37 8.8 Months 11.35%
 
DD <= -10% 27.91%
 
-10% < DD <= -15% 26 12.5 Months 7.98%
 
DD <= -15% 35.89%
 
-15% < DD <= -20% 43 7.6 Months 13.19%
 
DD <= -20% 49.08%
 
-20% < DD <= -25% 24 13.6 Months 7.36%
 
DD <= -25% 56.44%
 
-25% < DD <= -30% 32 10.2 Months 9.82%
 
DD <= -30% 66.26%
 
-30% < DD <= -35% 31 10.5 Months 9.51%
 
DD <= -35% 75.77%
 
-35% < DD <= -40% 22 14.8 Months 6.75%
 
DD <= -40% 82.52%
 
-40% < DD <= -45% 20 16.3 Months 6.13%
 
DD <= -45% 88.65%
 
-45% < DD <= -50% 12 27.2 Months 3.68%
 
DD <= -50% 92.33%
 
-50% < DD <= -55% 13 25.1 Months 3.99%
 
DD <= -55% 96.32%
 
-55% < DD <= -60% 11 29.6 Months 3.37%
 
DD <= -60% 99.69%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 99.69%
 
-65% < DD <= -70% 1 326.0 Months 0.31%
 
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 HONG KONG ETF (EWH) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 January 1997 - 31 January 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 -55.09 11/2007
10/2008
0.44$ -12.65 0.87$ 9.88 1.09$ 24.65 1.24$ 66.81 11/2006
10/2007
1.66$ -25.87 34.06%
2Y -19.15 02/2007
01/2009
0.65$ -6.48 0.87$ 5.43 1.11$ 18.44 1.40$ 43.10 03/2009
02/2011
2.04$ -15.79 26.27%
3Y -11.72 02/2021
01/2024
0.68$ -1.20 0.96$ 6.08 1.19$ 14.26 1.49$ 32.09 11/2004
10/2007
2.30$ -11.72 20.49%
5Y -5.93 02/2019
01/2024
0.73$ 1.07 1.05$ 6.84 1.39$ 10.56 1.65$ 19.27 03/2009
02/2014
2.41$ -5.93 12.15%
7Y -1.01 02/2017
01/2024
0.93$ 3.64 1.28$ 7.30 1.63$ 9.30 1.86$ 13.74 11/2008
10/2015
2.46$ -1.01 3.18%
10Y 0.85 12/2013
11/2023
1.08$ 3.93 1.47$ 6.76 1.92$ 9.64 2.50$ 13.78 03/2009
02/2019
3.63$ 1.14 0.00%
15Y 0.45 11/2007
10/2022
1.07$ 3.85 1.76$ 6.72 2.65$ 8.21 3.26$ 10.01 05/2004
04/2019
4.18$ 6.18 0.00%
20Y 4.88 02/2004
01/2024
2.59$ 4.88 2.59$ 4.88 2.59$ 4.88 2.59$ 4.88 02/2004
01/2024
2.59$ 4.88 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 -56.71 11/2007
10/2008
0.43$ -15.57 0.84$ 7.38 1.07$ 21.95 1.21$ 61.28 03/2009
02/2010
1.61$ -28.10 37.12%
2Y -20.79 02/2007
01/2009
0.62$ -9.63 0.81$ 3.15 1.06$ 15.56 1.33$ 40.10 03/2009
02/2011
1.96$ -19.59 33.18%
3Y -16.45 02/2021
01/2024
0.58$ -3.64 0.89$ 4.11 1.12$ 12.07 1.40$ 28.10 11/2004
10/2007
2.10$ -16.45 27.80%
5Y -9.69 02/2019
01/2024
0.60$ -1.56 0.92$ 4.88 1.26$ 8.38 1.49$ 16.86 03/2009
02/2014
2.17$ -9.69 19.34%
7Y -4.35 02/2017
01/2024
0.73$ 0.88 1.06$ 5.37 1.44$ 7.45 1.65$ 12.27 11/2008
10/2015
2.24$ -4.35 10.19%
10Y -1.88 12/2013
11/2023
0.82$ 1.81 1.19$ 4.92 1.61$ 7.44 2.04$ 11.81 03/2009
02/2019
3.05$ -1.60 6.61%
15Y -1.88 11/2007
10/2022
0.75$ 1.45 1.24$ 4.59 1.95$ 6.11 2.43$ 7.77 05/2004
04/2019
3.07$ 3.53 4.92%
20Y 2.25 02/2004
01/2024
1.56$ 2.25 1.56$ 2.25 1.56$ 2.25 1.56$ 2.25 02/2004
01/2024
1.56$ 2.25 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 -59.95 09/1997
08/1998
0.40$ -16.15 0.83$ 7.29 1.07$ 27.96 1.27$ 119.19 09/1998
08/1999
2.19$ -25.87 41.08%
2Y -22.70 09/2000
08/2002
0.59$ -10.87 0.79$ 5.46 1.11$ 19.85 1.43$ 60.23 09/1998
08/2000
2.56$ -15.79 31.46%
3Y -18.95 04/2000
03/2003
0.53$ -2.52 0.92$ 5.83 1.18$ 16.35 1.57$ 32.09 11/2004
10/2007
2.30$ -11.72 24.48%
5Y -12.05 10/1997
09/2002
0.52$ -0.75 0.96$ 6.44 1.36$ 11.72 1.74$ 28.73 11/2002
10/2007
3.53$ -5.93 16.92%
7Y -4.61 08/1997
07/2004
0.71$ 3.48 1.27$ 7.27 1.63$ 11.41 2.13$ 16.37 04/2003
03/2010
2.89$ -1.01 6.20%
10Y 0.85 12/2013
11/2023
1.08$ 3.82 1.45$ 7.04 1.97$ 10.55 2.72$ 14.52 05/2003
04/2013
3.88$ 1.14 0.00%
15Y 0.45 11/2007
10/2022
1.07$ 4.38 1.90$ 7.09 2.79$ 9.65 3.98$ 12.38 05/2003
04/2018
5.75$ 6.18 0.00%
20Y 4.21 01/1997
12/2016
2.28$ 5.56 2.95$ 7.15 3.97$ 8.37 4.99$ 10.68 09/1998
08/2018
7.61$ 4.88 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 -60.59 09/1997
08/1998
0.39$ -18.40 0.81$ 4.68 1.04$ 24.66 1.24$ 114.34 09/1998
08/1999
2.14$ -28.10 43.31%
2Y -24.39 09/2000
08/2002
0.57$ -13.24 0.75$ 3.24 1.06$ 16.84 1.36$ 55.85 09/1998
08/2000
2.42$ -19.59 37.09%
3Y -20.89 04/2000
03/2003
0.49$ -5.81 0.83$ 3.70 1.11$ 13.76 1.47$ 28.10 11/2004
10/2007
2.10$ -16.45 33.79%
5Y -14.04 10/1997
09/2002
0.46$ -3.44 0.83$ 4.21 1.22$ 9.74 1.59$ 25.09 11/2002
10/2007
3.06$ -9.69 25.94%
7Y -6.83 08/1997
07/2004
0.60$ 0.88 1.06$ 5.26 1.43$ 8.84 1.80$ 13.63 04/2003
03/2010
2.44$ -4.35 10.74%
10Y -1.88 12/2013
11/2023
0.82$ 1.25 1.13$ 5.08 1.64$ 8.00 2.15$ 11.86 05/2003
04/2013
3.06$ -1.60 4.37%
15Y -1.88 11/2007
10/2022
0.75$ 1.92 1.32$ 4.96 2.06$ 7.41 2.92$ 10.11 04/2003
03/2018
4.23$ 3.53 2.05%
20Y 2.03 01/1997
12/2016
1.49$ 3.25 1.89$ 4.88 2.59$ 5.84 3.11$ 8.32 09/1998
08/2018
4.94$ 2.25 0.00%
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 Hong Kong ETF (EWH) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares MSCI Hong Kong ETF (EWH) 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
-1.33
60%
-0.42
60%
-2.09
60%
1.15
80%
-3.06
40%
3.68
80%
-1.67
20%
-2.97
20%
-5.45
0%
-1.74
40%
5.80
60%
4.37
100%
Best 5.0
2023
5.0
2021
1.4
2019
6.1
2020
3.7
2022
9.8
2020
3.5
2023
7.5
2020
-0.6
2019
4.8
2019
24.3
2022
6.4
2022
Worst -9.7
2024
-7.6
2023
-13.2
2020
-5.3
2022
-9.0
2023
-3.6
2021
-4.3
2022
-9.3
2023
-10.8
2022
-11.7
2022
-5.1
2021
0.7
2021
Monthly Seasonality over the period Feb 1997 - Jan 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
1.17
70%
0.32
70%
-0.02
60%
2.13
90%
-0.69
50%
1.24
70%
0.82
50%
-2.90
30%
-3.13
11%
-0.78
40%
3.74
60%
1.10
60%
Best 9.6
2019
5.5
2014
9.3
2016
8.5
2015
4.7
2014
9.8
2020
6.7
2016
7.5
2020
4.7
2016
7.3
2015
24.3
2022
6.4
2022
Worst -9.7
2024
-7.6
2023
-13.2
2020
-5.3
2022
-9.0
2023
-5.4
2018
-4.3
2022
-13.3
2015
-10.8
2022
-11.7
2022
-5.1
2021
-7.0
2016
Monthly Seasonality over the period Feb 1997 - Jan 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
-0.17
54%
0.16
50%
-0.26
54%
2.76
81%
-0.77
42%
0.51
63%
1.42
63%
-2.24
41%
-0.41
42%
0.94
63%
2.41
59%
1.73
67%
Best 9.6
2019
9.9
1998
12.2
1999
23.7
1999
19.5
2009
13.8
1999
11.6
2009
11.2
2003
25.8
1998
38.4
1998
24.3
2022
10.1
2000
Worst -9.7
2024
-7.7
2008
-13.2
2020
-9.6
1998
-16.9
1998
-11.5
2008
-8.7
1999
-18.6
1998
-18.8
2011
-28.1
1997
-8.2
2000
-7.0
2016
Monthly Seasonality over the period Feb 1997 - Jan 2024

Monthly Returns

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

ISHARES MSCI HONG KONG ETF (EWH) ETF
Monthly Returns Distribution
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 January 1997 - 31 January 2024 (~27 years)
144 Positive Months (60%) - 96 Negative Months (40%)
186 Positive Months (57%) - 139 Negative Months (43%)
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(Scroll down to see all data)
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