Consolidated Returns as of 31 May 2023
Live Update: Jun 06 2023
In the last 25 Years, the iShares MSCI Italy ETF (EWI) ETF obtained a 1.70% compound annual return, with a 24.10% standard deviation.
In 2022, the ETF granted a 3.79% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Italy ETF (EWI) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Value
- Region: Developed Europe
- Country: U.S.
Historical Returns as of May 31, 2023
Historical returns and Metrics of iShares MSCI Italy ETF (EWI) ETF.
- No fees or capital gain taxes
- the reinvestment of dividends
Metrics as of May 31, 2023 | |||||||||
---|---|---|---|---|---|---|---|---|---|
1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y |
MAX
(~26Y) |
|
Portfolio Return (%) | -6.25 | -1.10 | 8.29 | 7.70 | 13.08 | 3.07 | 4.18 | 2.34 | 4.11 |
US Inflation (%) | 0.00 | 0.84 | 1.90 | 3.79 | 5.77 | 3.81 | 2.68 | 2.55 | 2.49 |
Infl. Adjusted Return (%) | -6.25 | -1.92 | 6.27 | 3.77 | 6.91 | -0.72 | 1.46 | -0.20 | 1.58 |
Waiting for updates, inflation of May 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized. | |||||||||
RISK INDICATORS | |||||||||
Standard Deviation (%) | 29.56 | 25.83 | 25.26 | 22.32 | 24.14 | 24.32 | |||
Sharpe Ratio | 0.15 | 0.47 | 0.07 | 0.15 | 0.05 | 0.00 | |||
Sortino Ratio | 0.23 | 0.74 | 0.10 | 0.22 | 0.07 | 0.01 | |||
MAXIMUM DRAWDOWN | |||||||||
Drawdown Depth (%) | -23.14 | -32.87 | -32.87 | -35.53 | -66.05 | -66.05 | |||
Start (yyyy mm) | 2022 06 | 2021 11 | 2021 11 | 2014 05 | 2007 11 | 2007 11 | |||
Bottom (yyyy mm) | 2022 09 | 2022 09 | 2022 09 | 2016 06 | 2012 05 | 2012 05 | |||
Start to Bottom (# months) | 4 | 11 | 11 | 26 | 55 | 55 | |||
Start to Recovery (# months) in progress |
8
|
18
|
18
|
45
|
> 187
|
> 187
|
|||
ROLLING PERIOD RETURNS - Annualized | |||||||||
Best Return (%) | 86.90 | 30.28 | 24.95 | 15.25 | 4.02 | ||||
Worst Return (%) | -57.86 | -22.98 | -19.26 | -7.54 | -0.48 | ||||
% Positive Periods | 57% | 55% | 61% | 67% | 96% | ||||
MONTHS | |||||||||
Positive | 0 | 2 | 3 | 6 | 20 | 34 | 65 | 133 | 178 |
Negative | 1 | 1 | 3 | 6 | 16 | 26 | 55 | 107 | 139 |
% Positive | 0% | 67% | 50% | 50% | 56% | 57% | 54% | 55% | 56% |
WITHDRAWAL RATES (WR) | |||||||||
Safe WR (%) | 43.15 | 19.39 | 11.33 | 5.24 | 6.41 | ||||
Perpetual WR (%) | 6.47 | 0.00 | 1.44 | 0.00 | 1.56 |
- Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
- Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
- Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
- Rolling Returns: returns over a time frame (best, worst, % of positive returns).
- Pos./Neg. Months: number of months with positive/negative return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
Correlations as of May 31, 2023
Correlation measures to what degree the returns of the two assets move in relation to each other.
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).
Correlation vs EWI | |||||
---|---|---|---|---|---|
|
|||||
Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 1997 |
|
US Total Stock Market VTI |
0.81
|
0.77
|
0.69
|
0.70
|
|
US Large Cap SPY |
0.81
|
0.77
|
0.69
|
0.69
|
|
US Small Cap IJR |
0.77
|
0.77
|
0.62
|
0.65
|
|
US REITs VNQ |
0.82
|
0.69
|
0.50
|
0.53
|
|
US Technology QQQ |
0.61
|
0.61
|
0.56
|
0.53
|
|
Preferred Stocks PFF |
0.68
|
0.65
|
0.54
|
0.43
|
|
EAFE Stocks EFA |
0.95
|
0.93
|
0.88
|
0.85
|
|
World All Countries VT |
0.89
|
0.85
|
0.79
|
0.79
|
|
Emerging Markets EEM |
0.74
|
0.77
|
0.68
|
0.67
|
|
Europe VGK |
0.97
|
0.95
|
0.90
|
0.90
|
|
Pacific VPL |
0.87
|
0.84
|
0.72
|
0.62
|
|
Latin America FLLA |
0.74
|
0.70
|
0.62
|
0.64
|
|
US Total Bond Market BND |
0.69
|
0.40
|
0.28
|
0.14
|
|
Long Term Treasuries TLT |
0.56
|
0.03
|
-0.06
|
-0.14
|
|
US Cash BIL |
0.20
|
-0.06
|
-0.03
|
0.02
|
|
TIPS TIP |
0.71
|
0.42
|
0.31
|
0.17
|
|
Invest. Grade Bonds LQD |
0.76
|
0.61
|
0.49
|
0.32
|
|
High Yield Bonds HYG |
0.82
|
0.74
|
0.67
|
0.61
|
|
International Bonds BNDX |
0.67
|
0.40
|
0.27
|
0.12
|
|
Emerg. Market Bonds EMB |
0.84
|
0.77
|
0.65
|
0.54
|
|
Gold GLD |
0.56
|
0.19
|
0.11
|
0.11
|
|
Commodities DBC |
0.87
|
0.61
|
0.49
|
0.40
|
Capital Growth as of May 31, 2023
Capital growth, returns, stats are calculated assuming a reinvestment of dividends.
If you are interested in getting periodic income, please refer to the iShares MSCI Italy ETF (EWI) ETF: Dividend Yield page.
The Inflation Adjusted Capital now would be 818.04$, with a net total return of -18.20% (-0.80% annualized).
The Inflation Adjusted Capital now would be 1514.33$, with a net total return of 51.43% (1.58% annualized).
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.
Worst drawdowns since June 1998.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-66.05% | Nov 2007 | May 2012 | 55 | in progress | 132 | 187 |
-41.48% | Feb 2001 | Sep 2002 | 20 | Jun 2004 | 21 | 41 |
-18.72% | Aug 1998 | Sep 1998 | 2 | Dec 1998 | 3 | 5 |
-14.94% | Jan 1999 | Jul 1999 | 7 | Dec 1999 | 5 | 12 |
-13.06% | Mar 2000 | Sep 2000 | 7 | Dec 2000 | 3 | 10 |
-6.64% | May 2007 | Jul 2007 | 3 | Oct 2007 | 3 | 6 |
-6.50% | Jan 2000 | Jan 2000 | 1 | Feb 2000 | 1 | 2 |
-6.28% | Jun 1998 | Jun 1998 | 1 | Jul 1998 | 1 | 2 |
-6.12% | Oct 2005 | Oct 2005 | 1 | Jan 2006 | 3 | 4 |
-5.96% | Mar 2005 | May 2005 | 3 | Aug 2005 | 3 | 6 |
-3.47% | Jul 2004 | Jul 2004 | 1 | Sep 2004 | 2 | 3 |
-1.84% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 |
-1.70% | Feb 2007 | Feb 2007 | 1 | Mar 2007 | 1 | 2 |
-1.16% | May 2006 | May 2006 | 1 | Jul 2006 | 2 | 3 |
-0.49% | Sep 2006 | Sep 2006 | 1 | Oct 2006 | 1 | 2 |
Worst drawdowns since January 1997.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-66.05% | Nov 2007 | May 2012 | 55 | in progress | 132 | 187 |
-41.48% | Feb 2001 | Sep 2002 | 20 | Jun 2004 | 21 | 41 |
-18.72% | Aug 1998 | Sep 1998 | 2 | Dec 1998 | 3 | 5 |
-14.94% | Jan 1999 | Jul 1999 | 7 | Dec 1999 | 5 | 12 |
-13.06% | Mar 2000 | Sep 2000 | 7 | Dec 2000 | 3 | 10 |
-8.08% | Feb 1997 | Feb 1997 | 1 | Jun 1997 | 4 | 5 |
-6.64% | May 2007 | Jul 2007 | 3 | Oct 2007 | 3 | 6 |
-6.50% | Jan 2000 | Jan 2000 | 1 | Feb 2000 | 1 | 2 |
-6.49% | Oct 1997 | Oct 1997 | 1 | Dec 1997 | 2 | 3 |
-6.28% | Jun 1998 | Jun 1998 | 1 | Jul 1998 | 1 | 2 |
-6.12% | Oct 2005 | Oct 2005 | 1 | Jan 2006 | 3 | 4 |
-5.96% | Mar 2005 | May 2005 | 3 | Aug 2005 | 3 | 6 |
-4.39% | Aug 1997 | Aug 1997 | 1 | Sep 1997 | 1 | 2 |
-3.47% | Jul 2004 | Jul 2004 | 1 | Sep 2004 | 2 | 3 |
-1.86% | Apr 1998 | Apr 1998 | 1 | May 1998 | 1 | 2 |
-1.84% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 |
-1.70% | Feb 2007 | Feb 2007 | 1 | Mar 2007 | 1 | 2 |
-1.16% | May 2006 | May 2006 | 1 | Jul 2006 | 2 | 3 |
-0.49% | Sep 2006 | Sep 2006 | 1 | Oct 2006 | 1 | 2 |
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.
Rolling Period |
Annualized Return (%) | Negative Periods |
|||
---|---|---|---|---|---|
Average | Latest | Best | Worst | ||
1 Year |
6.45 | 7.70 |
86.90 Jun 1997 - May 1998 |
-57.86 Mar 2008 - Feb 2009 |
43.14% |
2 Years |
4.16 | -2.47 |
42.25 Jan 1997 - Dec 1998 |
-36.92 Mar 2007 - Feb 2009 |
39.12% |
3 Years |
3.14 | 13.08 |
30.28 Oct 2002 - Sep 2005 |
-22.98 Jun 2007 - May 2010 |
45.39% |
5 Years |
2.30 | 3.07 |
24.95 Oct 2002 - Sep 2007 |
-19.26 Jun 2007 - May 2012 |
38.76% |
7 Years |
2.14 | 6.37 |
12.18 Mar 1997 - Feb 2004 |
-8.99 Jan 2008 - Dec 2014 |
30.34% |
10 Years |
1.32 | 4.18 |
15.25 May 1997 - Apr 2007 |
-7.54 Dec 2006 - Nov 2016 |
33.33% |
15 Years |
0.48 | -1.83 |
4.51 Oct 2002 - Sep 2017 |
-4.36 Oct 2007 - Sep 2022 |
39.13% |
20 Years |
2.08 | 2.34 |
4.02 Jun 1997 - May 2017 |
-0.48 Apr 2000 - Mar 2020 |
3.85% |
If you need a deeper detail about rolling returns, please refer to the iShares MSCI Italy ETF (EWI) ETF: Rolling Returns page.
Seasonality
iShares MSCI Italy ETF (EWI) ETF: in which months is it better to invest?
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
2.63
40% |
-0.73
40% |
-3.41
60% |
0.18
80% |
0.55
60% |
0.04
40% |
1.37
80% |
-2.06
40% |
-2.36
40% |
1.32
60% |
7.23
80% |
1.48
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
102.63
|
101.88
|
98.41
|
98.58
|
99.12
|
99.16
|
100.52
|
98.45
|
96.12
|
97.40
|
104.43
|
105.98
|
Best |
12.4 2023 |
5.5 2021 |
5.3 2021 |
4.0 2023 |
6.2 2020 |
9.9 2019 |
3.4 2018 |
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 |
-9.3 2018 |
-7.1 2022 |
-9.4 2018 |
-6.0 2021 |
-3.4 2018 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.05
40% |
-0.13
40% |
0.75
70% |
1.73
90% |
-0.62
50% |
-1.88
30% |
2.51
80% |
-1.40
50% |
-0.74
40% |
1.71
60% |
2.76
50% |
0.86
50% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.05
|
100.92
|
101.67
|
103.43
|
102.79
|
100.86
|
103.39
|
101.94
|
101.19
|
102.92
|
105.76
|
106.67
|
Best |
12.4 2023 |
8.5 2015 |
8.8 2017 |
4.4 2018 |
6.2 2020 |
9.9 2019 |
10.1 2013 |
4.1 2020 |
8.3 2013 |
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 Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
0.46
52% |
-0.89
48% |
0.92
59% |
2.29
74% |
-0.71
48% |
-0.66
38% |
1.03
58% |
-1.52
50% |
-0.58
50% |
1.35
65% |
2.05
65% |
3.31
65% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
100.46
|
99.57
|
100.48
|
102.79
|
102.06
|
101.38
|
102.42
|
100.86
|
100.28
|
101.63
|
103.72
|
107.15
|
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/Yearly Returns
iShares MSCI Italy ETF (EWI) ETF data source starts from January 1997: let's focus on monthly and yearly returns.
- Histogram: it shows the distribution of the returns recorded so far
- Plain Table: it shows the detailed monthly and yearly returns
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2023 |
+10.17 | +7.79 | 12.4 | -0.9 | 1.4 | 4.0 | -6.3 | |||||||
2022 |
-14.10 | -19.31 | -1.2 | -6.7 | -2.4 | -7.1 | 5.1 | -13.9 | 2.3 | -6.1 | -7.1 | 12.0 | 15.5 | -1.7 |
2021 |
+14.41 | +6.89 | -3.7 | 5.5 | 5.3 | 0.3 | 6.0 | -2.2 | 0.3 | 1.4 | -3.9 | 5.8 | -6.0 | 5.8 |
2020 |
+1.67 | +0.31 | -2.4 | -5.4 | -23.8 | 1.8 | 6.2 | 8.3 | 2.7 | 4.1 | -5.3 | -6.4 | 25.2 | 3.9 |
2019 |
+26.97 | +24.13 | 8.1 | 3.7 | 2.4 | 1.8 | -8.3 | 9.9 | -1.9 | -0.4 | 2.5 | 4.7 | 0.1 | 2.8 |
2018 |
-17.20 | -18.75 | 11.0 | -6.1 | 1.4 | 4.4 | -9.8 | -2.0 | 3.4 | -9.3 | 2.1 | -9.4 | 1.4 | -3.4 |
2017 |
+28.73 | +26.07 | -1.9 | -0.4 | 8.8 | 2.8 | 5.4 | 1.6 | 7.1 | 1.8 | 3.5 | -1.3 | 0.2 | -1.3 |
2016 |
-8.56 | -10.41 | -12.2 | -6.5 | 8.2 | 4.2 | -4.4 | -8.2 | 3.1 | 0.9 | -2.4 | 2.4 | -3.6 | 12.3 |
2015 |
+3.12 | +2.38 | 0.8 | 8.5 | -0.5 | 3.2 | 1.9 | -2.6 | 4.0 | -4.4 | -3.2 | 3.4 | -2.8 | -4.2 |
2014 |
-10.92 | -11.59 | -0.3 | 6.8 | 6.7 | 1.9 | -2.0 | -0.3 | -6.0 | -2.3 | -1.8 | -5.0 | -0.1 | -8.0 |
2013 |
+19.05 | +17.29 | 5.6 | -12.4 | -5.1 | 11.4 | 1.2 | -9.5 | 10.1 | 0.3 | 8.3 | 11.0 | -2.2 | 2.4 |
2012 |
+15.44 | +13.46 | 8.0 | 3.2 | -2.2 | -8.3 | -15.7 | 14.5 | -6.8 | 11.3 | 2.6 | 3.7 | 2.2 | 6.0 |
2011 |
-24.10 | -26.29 | 10.7 | 2.1 | 0.4 | 8.4 | -7.5 | -3.4 | -10.3 | -13.8 | -12.7 | 13.6 | -5.6 | -4.7 |
2010 |
-14.22 | -15.48 | -9.3 | -4.1 | 7.4 | -8.1 | -14.8 | -1.8 | 18.2 | -8.9 | 13.1 | 6.6 | -15.6 | 9.0 |
2009 |
+22.02 | +18.79 | -16.7 | -13.9 | 7.5 | 18.8 | 14.0 | -3.9 | 8.4 | 8.5 | 6.9 | -6.0 | 2.9 | 0.0 |
2008 |
-46.83 | -46.88 | -7.7 | -1.9 | -0.9 | 5.9 | 0.9 | -11.3 | -3.2 | -4.6 | -13.3 | -23.5 | -5.8 | 8.5 |
2007 |
+3.74 | -0.33 | 1.2 | -1.7 | 2.3 | 6.6 | -0.6 | -2.5 | -3.7 | 0.6 | 3.0 | 3.8 | -2.2 | -2.6 |
2006 |
+32.47 | +29.19 | 5.4 | 1.1 | 2.4 | 5.3 | -1.2 | 0.7 | 0.6 | 4.1 | -0.5 | 3.5 | 5.9 | 1.5 |
2005 |
+1.89 | -1.48 | -1.8 | 2.8 | -0.2 | -5.0 | -0.9 | 1.4 | 3.8 | 1.5 | 1.4 | -6.1 | 1.1 | 4.4 |
2004 |
+33.10 | +28.91 | 3.0 | 1.0 | -3.7 | 1.1 | 1.1 | 4.2 | -3.5 | 0.2 | 5.3 | 6.2 | 7.5 | 7.3 |
2003 |
+41.82 | +39.20 | 0.2 | 2.7 | -7.3 | 13.4 | 11.7 | -1.5 | -0.8 | -3.5 | 4.1 | 5.0 | 7.0 | 6.5 |
2002 |
-6.98 | -9.14 | -2.8 | 0.2 | 6.1 | 0.4 | -0.8 | -0.5 | -8.9 | 0.2 | -12.6 | 6.2 | 10.0 | -2.4 |
2001 |
-27.61 | -28.72 | 1.0 | -9.5 | -6.3 | 4.7 | -7.7 | -4.2 | 2.5 | -1.5 | -15.0 | 3.6 | 1.7 | 1.3 |
2000 |
+9.86 | +6.26 | -6.5 | 15.0 | -7.0 | -6.5 | 5.3 | 5.6 | -3.8 | -1.6 | -5.0 | 2.4 | 4.0 | 10.4 |
1999 |
+0.79 | -1.84 | -4.4 | -3.1 | 3.2 | -1.7 | -4.6 | 0.8 | -5.9 | 2.5 | 2.0 | -2.0 | 0.0 | 15.6 |
1998 |
+47.96 | +45.61 | 7.8 | 4.0 | 19.4 | -1.9 | 5.7 | -6.3 | 9.6 | -16.1 | -3.1 | 7.5 | 10.5 | 7.5 |
1997 |
+36.76 | +34.47 | 8.3 | -8.1 | 1.3 | 0.0 | 0.8 | 9.8 | 5.6 | -4.4 | 16.2 | -6.5 | 2.1 | 9.3 |