iShares MSCI Italy ETF (EWI): Historical Returns

Data Source: from January 1997 to January 2024 (~27 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 29 2024
Category: Stocks
iShares MSCI Italy ETF (EWI) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.00%
1 Day
Feb 29 2024
6.39%
Current Month
February 2024

In the last 20 Years, the iShares MSCI Italy ETF (EWI) ETF obtained a 2.18% compound annual return, with a 24.29% standard deviation.

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The ETF is related to the following investment themes:

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

Investment Returns as of Jan 31, 2024

The iShares MSCI Italy ETF (EWI) 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 ITALY ETF (EWI) ETF
Consolidated returns as of 31 January 2024
Live Update: Feb 29 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 Italy ETF (EWI) ETF n.a. 6.39 -1.30 1.23 14.78 8.65 3.93 2.18 4.61
US Inflation Adjusted return -1.60 -0.42 11.32 4.30 1.11 -0.39 2.07
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 Italy ETF (EWI) ETF granted a 4.32% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Italy ETF (EWI) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 2004, now would be worth 1.54$, with a total return of 53.88% (2.18% annualized).

The Inflation Adjusted Capital now would be 0.93$, with a net total return of -7.43% (-0.39% annualized).
An investment of 1$, since January 1997, now would be worth 3.39$, with a total return of 239.08% (4.61% annualized).

The Inflation Adjusted Capital now would be 1.74$, with a net total return of 74.20% (2.07% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of iShares MSCI Italy ETF (EWI) 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 ITALY ETF (EWI) 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 (%) -1.30 13.42 1.23 14.78 9.59 8.65 3.93 2.18 4.61
Infl. Adjusted Return (%) details -1.60 12.63 -0.42 11.32 3.72 4.30 1.11 -0.39 2.07
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 (%) -10.75 -32.87 -32.87 -35.53 -66.05 -66.05
Start to Recovery (# months) details 5 18 18 45 195* 195*
Start (yyyy mm) 2023 08 2021 11 2021 11 2014 05 2007 11 2007 11
Start to Bottom (# months) 3 11 11 26 55 55
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2016 06 2012 05 2012 05
Bottom to End (# months) 2 7 7 19 140 140
End (yyyy mm) 2023 12 2023 04 2023 04 2018 01 - -
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 08 2021 11 2021 11 2014 05 2007 11 2007 11
Start to Bottom (# months) 3 11 11 26 55 55
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2016 06 2012 05 2012 05
Bottom to End (# months) 2 7 7 19 140 140
End (yyyy mm) 2023 12 2023 04 2023 04 2018 01 - -
Longest negative period (# months) details 6 29 44 104 224 271
Period Start (yyyy mm) 2023 05 2021 06 2019 02 2014 02 2004 02 2000 03
Period End (yyyy mm) 2023 10 2023 10 2022 09 2022 09 2022 09 2022 09
Annualized Return (%) -6.38 -0.76 -2.17 -1.26 -0.34 -0.26
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -11.59 -38.50 -38.50 -38.50 -69.29 -69.29
Start to Recovery (# months) details 5 32* 32* 32* 201* 201*
Start (yyyy mm) 2023 08 2021 06 2021 06 2021 06 2007 05 2007 05
Start to Bottom (# months) 3 16 16 16 61 61
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2012 05 2012 05
Bottom to End (# months) 2 16 16 16 140 140
End (yyyy mm) 2023 12 - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-36.87
same as
deepest

same as
deepest
Start to Recovery (# months) details 85
Start (yyyy mm) 2023 08 2021 06 2021 06 2014 05 2007 05 2007 05
Start to Bottom (# months) 3 16 16 31 61 61
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2016 11 2012 05 2012 05
Bottom to End (# months) 2 16 16 54 140 140
End (yyyy mm) 2023 12 - - 2021 05 - -
Longest negative period (# months) details 9 33 48 118* 240* 310*
Period Start (yyyy mm) 2023 02 2021 02 2019 11 2014 04 2004 02 1998 04
Period End (yyyy mm) 2023 10 2023 10 2023 10 2024 01 2024 01 2024 01
Annualized Return (%) -1.54 -0.34 -0.56 -0.17 -0.39 -0.13
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 18.33 22.35 25.20 22.12 24.29 24.23
Sharpe Ratio 0.53 0.33 0.27 0.13 0.04 0.03
Sortino Ratio 0.79 0.48 0.39 0.18 0.05 0.04
Ulcer Index 4.48 11.63 12.04 17.17 40.17 35.75
Ratio: Return / Standard Deviation 0.81 0.43 0.34 0.18 0.09 0.19
Ratio: Return / Deepest Drawdown 1.38 0.29 0.26 0.11 0.03 0.07
% Positive Months details 50% 52% 56% 53% 55% 56%
Positive Months 6 19 34 64 132 182
Negative Months 6 17 26 56 108 143
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 3.93 6.58 15.25
Worst 10 Years Return (%) - Annualized -7.54 -7.54
Best 10 Years Return (%) - Annualized 1.11 4.03 12.37
Worst 10 Years Return (%) - Annualized -9.19 -9.19
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Over the latest 20Y
Best Rolling Return (%) - Annualized 54.56 24.37 11.53 6.58 2.18
Worst Rolling Return (%) - Annualized -57.86 -22.98 -19.26 -7.54
% Positive Periods 55% 53% 48% 53% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 59.44 19.09 10.11 4.72 4.28
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 51.70 20.52 8.90 4.03 -0.39
Worst Rolling Return (%) - Annualized -57.87 -24.24 -20.88 -9.19
% Positive Periods 52% 45% 35% 30% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 59.44 19.09 10.11 4.72 4.28
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - -
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 86.90 30.28 24.95 15.25 4.02
Worst Rolling Return (%) - Annualized -57.86 -22.98 -19.26 -7.54 -0.48
% Positive Periods 57% 55% 62% 67% 96%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 59.44 19.09 10.11 4.72 3.91
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 83.80 27.41 21.44 12.37 1.85
Worst Rolling Return (%) - Annualized -57.87 -24.24 -20.88 -9.19 -2.51
% Positive Periods 55% 50% 49% 34% 43%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 59.44 19.09 10.11 4.72 3.91
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 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 Italy ETF (EWI) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MSCI ITALY ETF (EWI) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs EWI
Asset Class 1 Year 5 Years 10 Years Since
Jan 1997
VTI
US Total Stock Market
0.87
0.81
0.71
0.70
SPY
US Large Cap
0.87
0.80
0.71
0.69
IJR
US Small Cap
0.75
0.81
0.64
0.65
VNQ
US REITs
0.86
0.74
0.53
0.53
QQQ
US Technology
0.56
0.65
0.58
0.54
PFF
Preferred Stocks
0.70
0.68
0.57
0.44
EFA
EAFE Stocks
0.93
0.94
0.89
0.85
VT
World All Countries
0.91
0.88
0.80
0.79
EEM
Emerging Markets
0.81
0.77
0.69
0.67
VGK
Europe
0.94
0.95
0.91
0.90
VPL
Pacific
0.82
0.85
0.75
0.62
FLLA
Latin America
0.86
0.75
0.65
0.64
BND
US Total Bond Market
0.64
0.45
0.30
0.16
TLT
Long Term Treasuries
0.68
0.13
0.00
-0.11
BIL
US Cash
0.24
0.02
0.04
0.03
TIP
TIPS
0.62
0.45
0.31
0.18
LQD
Invest. Grade Bonds
0.71
0.63
0.50
0.33
HYG
High Yield Bonds
0.78
0.76
0.67
0.61
CWB
US Convertible Bonds
0.75
0.72
0.66
0.67
BNDX
International Bonds
0.53
0.44
0.28
0.14
EMB
Emerg. Market Bonds
0.84
0.78
0.66
0.55
GLD
Gold
0.24
0.19
0.09
0.11
DBC
Commodities
0.33
0.59
0.49
0.39

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 ITALY ETF (EWI) 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
-66.05% Nov 2007 May 2012 55 in progress 140 195 44.53
-6.64% May 2007 Jul 2007 3 Oct 2007 3 6 3.80
-6.12% Oct 2005 Oct 2005 1 Jan 2006 3 4 3.57
-5.96% Mar 2005 May 2005 3 Aug 2005 3 6 3.49
-3.70% Mar 2004 Mar 2004 1 Jun 2004 3 4 2.17
-3.47% Jul 2004 Jul 2004 1 Sep 2004 2 3 2.37
-1.84% Jan 2005 Jan 2005 1 Feb 2005 1 2 1.06
-1.70% Feb 2007 Feb 2007 1 Mar 2007 1 2 0.98
-1.16% May 2006 May 2006 1 Jul 2006 2 3 0.63
-0.49% Sep 2006 Sep 2006 1 Oct 2006 1 2 0.28
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 23 10.5 Months 9.54%
 
DD = 0% 9.54%
 
0% < DD <= -5% 19 12.7 Months 7.88%
 
DD <= -5% 17.43%
 
-5% < DD <= -10% 8 30.1 Months 3.32%
 
DD <= -10% 20.75%
 
-10% < DD <= -15% 3 80.3 Months 1.24%
 
DD <= -15% 21.99%
 
-15% < DD <= -20% 3 80.3 Months 1.24%
 
DD <= -20% 23.24%
 
-20% < DD <= -25% 5 48.2 Months 2.07%
 
DD <= -25% 25.31%
 
-25% < DD <= -30% 13 18.5 Months 5.39%
 
DD <= -30% 30.71%
 
-30% < DD <= -35% 11 21.9 Months 4.56%
 
DD <= -35% 35.27%
 
-35% < DD <= -40% 29 8.3 Months 12.03%
 
DD <= -40% 47.30%
 
-40% < DD <= -45% 36 6.7 Months 14.94%
 
DD <= -45% 62.24%
 
-45% < DD <= -50% 32 7.5 Months 13.28%
 
DD <= -50% 75.52%
 
-50% < DD <= -55% 27 8.9 Months 11.20%
 
DD <= -55% 86.72%
 
-55% < DD <= -60% 26 9.3 Months 10.79%
 
DD <= -60% 97.51%
 
-60% < DD <= -65% 5 48.2 Months 2.07%
 
DD <= -65% 99.59%
 
-65% < DD <= -70% 1 241.0 Months 0.41%
 
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
-69.29% May 2007 May 2012 61 in progress 140 201 51.90
-7.63% Mar 2005 Oct 2005 8 Jan 2006 3 11 4.22
-3.91% Mar 2004 Mar 2004 1 Jun 2004 3 4 2.46
-3.57% Jul 2004 Jul 2004 1 Sep 2004 2 3 2.46
-2.08% Feb 2007 Feb 2007 1 Apr 2007 2 3 1.05
-1.78% Jan 2005 Jan 2005 1 Feb 2005 1 2 1.03
-1.45% May 2006 May 2006 1 Aug 2006 3 4 0.91
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 19 12.7 Months 7.88%
 
DD = 0% 7.88%
 
0% < DD <= -5% 21 11.5 Months 8.71%
 
DD <= -5% 16.60%
 
-5% < DD <= -10% 8 30.1 Months 3.32%
 
DD <= -10% 19.92%
 
-10% < DD <= -15% 3 80.3 Months 1.24%
 
DD <= -15% 21.16%
 
-15% < DD <= -20% 2 120.5 Months 0.83%
 
DD <= -20% 21.99%
 
-20% < DD <= -25% 1 241.0 Months 0.41%
 
DD <= -25% 22.41%
 
-25% < DD <= -30% 2 120.5 Months 0.83%
 
DD <= -30% 23.24%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 23.24%
 
-35% < DD <= -40% 3 80.3 Months 1.24%
 
DD <= -40% 24.48%
 
-40% < DD <= -45% 12 20.1 Months 4.98%
 
DD <= -45% 29.46%
 
-45% < DD <= -50% 40 6.0 Months 16.60%
 
DD <= -50% 46.06%
 
-50% < DD <= -55% 58 4.2 Months 24.07%
 
DD <= -55% 70.12%
 
-55% < DD <= -60% 32 7.5 Months 13.28%
 
DD <= -60% 83.40%
 
-60% < DD <= -65% 37 6.5 Months 15.35%
 
DD <= -65% 98.76%
 
-65% < DD <= -70% 3 80.3 Months 1.24%
 
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
-66.05% Nov 2007 May 2012 55 in progress 140 195 44.53
-41.48% Feb 2001 Sep 2002 20 Jun 2004 21 41 24.24
-18.72% Aug 1998 Sep 1998 2 Dec 1998 3 5 11.43
-14.94% Jan 1999 Jul 1999 7 Dec 1999 5 12 9.47
-13.06% Mar 2000 Sep 2000 7 Dec 2000 3 10 8.35
-8.08% Feb 1997 Feb 1997 1 Jun 1997 4 5 5.76
-6.64% May 2007 Jul 2007 3 Oct 2007 3 6 3.80
-6.50% Jan 2000 Jan 2000 1 Feb 2000 1 2 3.75
-6.49% Oct 1997 Oct 1997 1 Dec 1997 2 3 3.96
-6.28% Jun 1998 Jun 1998 1 Jul 1998 1 2 3.62
-6.12% Oct 2005 Oct 2005 1 Jan 2006 3 4 3.57
-5.96% Mar 2005 May 2005 3 Aug 2005 3 6 3.49
-4.39% Aug 1997 Aug 1997 1 Sep 1997 1 2 2.53
-3.47% Jul 2004 Jul 2004 1 Sep 2004 2 3 2.37
-1.86% Apr 1998 Apr 1998 1 May 1998 1 2 1.07
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 8.8 Months 11.35%
 
DD = 0% 11.35%
 
0% < DD <= -5% 27 12.1 Months 8.28%
 
DD <= -5% 19.63%
 
-5% < DD <= -10% 26 12.5 Months 7.98%
 
DD <= -10% 27.61%
 
-10% < DD <= -15% 15 21.7 Months 4.60%
 
DD <= -15% 32.21%
 
-15% < DD <= -20% 10 32.6 Months 3.07%
 
DD <= -20% 35.28%
 
-20% < DD <= -25% 11 29.6 Months 3.37%
 
DD <= -25% 38.65%
 
-25% < DD <= -30% 20 16.3 Months 6.13%
 
DD <= -30% 44.79%
 
-30% < DD <= -35% 21 15.5 Months 6.44%
 
DD <= -35% 51.23%
 
-35% < DD <= -40% 31 10.5 Months 9.51%
 
DD <= -40% 60.74%
 
-40% < DD <= -45% 37 8.8 Months 11.35%
 
DD <= -45% 72.09%
 
-45% < DD <= -50% 32 10.2 Months 9.82%
 
DD <= -50% 81.90%
 
-50% < DD <= -55% 27 12.1 Months 8.28%
 
DD <= -55% 90.18%
 
-55% < DD <= -60% 26 12.5 Months 7.98%
 
DD <= -60% 98.16%
 
-60% < DD <= -65% 5 65.2 Months 1.53%
 
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
-69.29% May 2007 May 2012 61 in progress 140 201 51.90
-43.23% Mar 2000 Sep 2002 31 Oct 2004 25 56 22.96
-18.87% Aug 1998 Sep 1998 2 Dec 1998 3 5 11.59
-16.12% Jan 1999 Jul 1999 7 Feb 2000 7 14 10.08
-8.25% Feb 1997 Feb 1997 1 Jun 1997 4 5 5.96
-7.63% Mar 2005 Oct 2005 8 Jan 2006 3 11 4.22
-6.67% Oct 1997 Oct 1997 1 Dec 1997 2 3 4.12
-6.39% Jun 1998 Jun 1998 1 Jul 1998 1 2 3.69
-4.63% Aug 1997 Aug 1997 1 Sep 1997 1 2 2.67
-2.08% Feb 2007 Feb 2007 1 Apr 2007 2 3 1.05
-1.98% Apr 1998 Apr 1998 1 May 1998 1 2 1.14
-1.78% Jan 2005 Jan 2005 1 Feb 2005 1 2 1.03
-1.45% May 2006 May 2006 1 Aug 2006 3 4 0.91
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 28 11.6 Months 8.59%
 
DD = 0% 8.59%
 
0% < DD <= -5% 26 12.5 Months 7.98%
 
DD <= -5% 16.56%
 
-5% < DD <= -10% 30 10.9 Months 9.20%
 
DD <= -10% 25.77%
 
-10% < DD <= -15% 17 19.2 Months 5.21%
 
DD <= -15% 30.98%
 
-15% < DD <= -20% 8 40.8 Months 2.45%
 
DD <= -20% 33.44%
 
-20% < DD <= -25% 8 40.8 Months 2.45%
 
DD <= -25% 35.89%
 
-25% < DD <= -30% 9 36.2 Months 2.76%
 
DD <= -30% 38.65%
 
-30% < DD <= -35% 10 32.6 Months 3.07%
 
DD <= -35% 41.72%
 
-35% < DD <= -40% 7 46.6 Months 2.15%
 
DD <= -40% 43.87%
 
-40% < DD <= -45% 13 25.1 Months 3.99%
 
DD <= -45% 47.85%
 
-45% < DD <= -50% 40 8.2 Months 12.27%
 
DD <= -50% 60.12%
 
-50% < DD <= -55% 58 5.6 Months 17.79%
 
DD <= -55% 77.91%
 
-55% < DD <= -60% 32 10.2 Months 9.82%
 
DD <= -60% 87.73%
 
-60% < DD <= -65% 37 8.8 Months 11.35%
 
DD <= -65% 99.08%
 
-65% < DD <= -70% 3 108.7 Months 0.92%
 
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 ITALY ETF (EWI) 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 -57.86 03/2008
02/2009
0.42$ -21.31 0.78$ 4.07 1.04$ 30.69 1.30$ 54.56 04/2020
03/2021
1.54$ 14.78 44.54%
2Y -36.92 03/2007
02/2009
0.39$ -15.84 0.70$ 3.24 1.06$ 17.78 1.38$ 35.88 06/2012
05/2014
1.84$ 5.87 41.94%
3Y -22.98 06/2007
05/2010
0.45$ -11.44 0.69$ 1.30 1.03$ 11.43 1.38$ 24.37 05/2004
04/2007
1.92$ 9.59 46.83%
5Y -19.26 06/2007
05/2012
0.34$ -7.47 0.67$ -0.48 0.97$ 6.99 1.40$ 11.53 07/2016
06/2021
1.72$ 8.65 51.93%
7Y -8.99 01/2008
12/2014
0.51$ -6.73 0.61$ 0.70 1.05$ 4.63 1.37$ 9.65 12/2016
11/2023
1.90$ 8.57 43.95%
10Y -7.54 12/2006
11/2016
0.45$ -4.91 0.60$ 0.17 1.01$ 4.13 1.49$ 6.58 06/2012
05/2022
1.89$ 3.93 46.28%
15Y -4.36 10/2007
09/2022
0.51$ -2.80 0.65$ -1.00 0.86$ 0.45 1.06$ 4.44 02/2009
01/2024
1.91$ 4.44 72.13%
20Y 2.18 02/2004
01/2024
1.53$ 2.18 1.53$ 2.18 1.53$ 2.18 1.53$ 2.18 02/2004
01/2024
1.53$ 2.18 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 -57.87 03/2008
02/2009
0.42$ -22.37 0.77$ 1.98 1.01$ 26.87 1.26$ 51.70 04/2013
03/2014
1.51$ 11.32 47.16%
2Y -38.19 03/2007
02/2009
0.38$ -17.35 0.68$ 0.04 1.00$ 14.60 1.31$ 33.51 06/2012
05/2014
1.78$ 1.10 49.77%
3Y -24.24 06/2007
05/2010
0.43$ -13.22 0.65$ -0.96 0.97$ 8.02 1.26$ 20.52 05/2004
04/2007
1.75$ 3.72 54.63%
5Y -20.88 06/2007
05/2012
0.31$ -9.72 0.59$ -2.24 0.89$ 4.73 1.26$ 8.90 07/2016
06/2021
1.53$ 4.30 64.09%
7Y -10.92 06/2005
05/2012
0.44$ -8.50 0.53$ -1.07 0.92$ 2.76 1.21$ 5.94 12/2016
11/2023
1.49$ 4.92 61.15%
10Y -9.19 12/2006
11/2016
0.38$ -6.47 0.51$ -1.56 0.85$ 1.78 1.19$ 4.03 06/2012
05/2022
1.48$ 1.11 69.42%
15Y -6.57 10/2007
09/2022
0.36$ -4.96 0.46$ -2.93 0.63$ -1.55 0.79$ 1.83 02/2009
01/2024
1.31$ 1.83 93.44%
20Y -0.39 02/2004
01/2024
0.92$ -0.39 0.92$ -0.39 0.92$ -0.39 0.92$ -0.39 02/2004
01/2024
0.92$ -0.39 100.00%
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 -57.86 03/2008
02/2009
0.42$ -19.34 0.80$ 5.39 1.05$ 32.82 1.32$ 86.90 06/1997
05/1998
1.86$ 14.78 42.04%
2Y -36.92 03/2007
02/2009
0.39$ -13.92 0.74$ 5.23 1.10$ 20.73 1.45$ 42.25 01/1997
12/1998
2.02$ 5.87 38.41%
3Y -22.98 06/2007
05/2010
0.45$ -9.74 0.73$ 1.91 1.05$ 18.20 1.65$ 30.28 10/2002
09/2005
2.21$ 9.59 44.14%
5Y -19.26 06/2007
05/2012
0.34$ -5.22 0.76$ 2.34 1.12$ 10.15 1.62$ 24.95 10/2002
09/2007
3.04$ 8.65 37.59%
7Y -8.99 01/2008
12/2014
0.51$ -5.95 0.65$ 2.81 1.21$ 9.33 1.86$ 12.18 03/1997
02/2004
2.23$ 8.57 29.34%
10Y -7.54 12/2006
11/2016
0.45$ -3.06 0.73$ 1.13 1.11$ 5.06 1.63$ 15.25 05/1997
04/2007
4.13$ 3.93 32.04%
15Y -4.36 10/2007
09/2022
0.51$ -1.51 0.79$ 0.53 1.08$ 2.49 1.44$ 4.51 10/2002
09/2017
1.93$ 4.44 37.67%
20Y -0.48 04/2000
03/2020
0.90$ 0.73 1.15$ 2.25 1.56$ 3.31 1.91$ 4.02 06/1997
05/2017
2.20$ 2.18 3.49%
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 -57.87 03/2008
02/2009
0.42$ -20.52 0.79$ 2.74 1.02$ 29.43 1.29$ 83.80 06/1997
05/1998
1.83$ 11.32 44.59%
2Y -38.19 03/2007
02/2009
0.38$ -15.63 0.71$ 1.15 1.02$ 17.45 1.37$ 39.94 01/1997
12/1998
1.95$ 1.10 46.03%
3Y -24.24 06/2007
05/2010
0.43$ -11.71 0.68$ -0.08 0.99$ 15.26 1.53$ 27.41 03/1997
02/2000
2.06$ 3.72 50.00%
5Y -20.88 06/2007
05/2012
0.31$ -7.10 0.69$ -0.08 0.99$ 7.81 1.45$ 21.44 10/2002
09/2007
2.64$ 4.30 50.38%
7Y -10.92 06/2005
05/2012
0.44$ -7.91 0.56$ 0.50 1.03$ 6.03 1.50$ 9.70 03/1997
02/2004
1.91$ 4.92 43.39%
10Y -9.19 12/2006
11/2016
0.38$ -4.60 0.62$ -1.00 0.90$ 2.48 1.27$ 12.37 05/1997
04/2007
3.20$ 1.11 65.53%
15Y -6.57 10/2007
09/2022
0.36$ -3.61 0.57$ -1.54 0.79$ 0.14 1.02$ 2.37 10/2002
09/2017
1.42$ 1.83 80.82%
20Y -2.51 04/2000
03/2020
0.60$ -1.30 0.76$ -0.22 0.95$ 1.10 1.24$ 1.85 06/1997
05/2017
1.44$ -0.39 56.98%
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 Italy ETF (EWI) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares MSCI Italy ETF (EWI) 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
0.75
20%
-0.73
40%
-3.41
60%
0.18
80%
0.55
60%
2.41
60%
1.74
80%
-1.04
40%
-3.82
20%
2.87
60%
9.02
80%
3.00
80%
Best 12.4
2023
5.5
2021
5.3
2021
4.0
2023
6.2
2020
9.9
2019
5.2
2023
4.1
2020
2.5
2019
12.0
2022
25.2
2020
5.8
2021
Worst -3.7
2021
-6.7
2022
-23.8
2020
-7.1
2022
-8.3
2019
-13.9
2022
-1.9
2019
-6.1
2022
-7.1
2022
-6.4
2020
-6.0
2021
-1.7
2022
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
0.95
40%
-0.13
40%
0.75
70%
1.73
90%
-0.62
50%
0.06
40%
2.02
80%
-1.85
40%
-2.09
30%
0.44
50%
4.00
60%
1.04
50%
Best 12.4
2023
8.5
2015
8.8
2017
4.4
2018
6.2
2020
9.9
2019
7.1
2017
4.1
2020
3.5
2017
12.0
2022
25.2
2020
12.3
2016
Worst -12.2
2016
-6.7
2022
-23.8
2020
-7.1
2022
-9.8
2018
-13.9
2022
-6.0
2014
-9.3
2018
-7.1
2022
-9.4
2018
-6.0
2021
-8.0
2014
Monthly Seasonality over the period Feb 1997 - Jan 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
0.40
50%
-0.89
48%
0.92
59%
2.29
73%
-0.71
48%
-0.27
41%
1.18
59%
-1.62
48%
-0.75
48%
1.23
63%
2.35
65%
3.34
67%
Best 12.4
2023
15.0
2000
19.4
1998
18.8
2009
14.0
2009
14.5
2012
18.2
2010
11.3
2012
16.2
1997
13.6
2011
25.2
2020
15.6
1999
Worst -16.7
2009
-13.9
2009
-23.8
2020
-8.3
2012
-15.7
2012
-13.9
2022
-10.3
2011
-16.1
1998
-15.0
2001
-23.5
2008
-15.6
2010
-8.0
2014
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 Italy ETF (EWI) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES MSCI ITALY ETF (EWI) ETF
Monthly Returns Distribution
Data Source: 1 February 2004 - 31 January 2024 (20 Years)
Data Source: 1 January 1997 - 31 January 2024 (~27 years)
132 Positive Months (55%) - 108 Negative Months (45%)
182 Positive Months (56%) - 143 Negative Months (44%)
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(Scroll down to see all data)
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