iShares MSCI Japan ETF (EWJ): Rolling Returns

Simulation Settings
Category:
Period: January 1985 - February 2026 (~41 years)
Initial Amount: 1$
Currency: USD
Inflation: US
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When holding the iShares MSCI Japan ETF (EWJ) ETF, how long should you stay invested to have high probability to achieve a positive return?

Over the selected period (~41 years), the longest duration with a negative return was 374 months (from February 1989 to March 2020).

This indicates that, within the same timeframe, any rolling period of 375 months or more has consistently resulted in a positive return.

Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.

Previous vs subsequent Returns

Is there a correlation between past and future returns over all 10-year rolling periods?

The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).

Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.

ISHARES MSCI JAPAN ETF (EWJ) ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 March 1996 - 28 February 2026 (30 Years)
Time Period: 1 January 1985 - 28 February 2026 (~41 years)
30 Years
(1996/03 - 2026/02)
All Data
(1985/01 - 2026/02)

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As of Feb 28, 2026, the annualized return of the previous 10 years has been 10.01%.

Rolling Returns

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

ISHARES MSCI JAPAN ETF (EWJ) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 March 1996 - 28 February 2026 (30 Years)
Time Period: 1 January 1985 - 28 February 2026 (~41 years)
30 Years
(1996/03 - 2026/02)
All Data
(1985/01 - 2026/02)
US Inflation Adjusted:

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Rolling Period Analysis

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.

ISHARES MSCI JAPAN ETF (EWJ) ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 January 1985 - 28 February 2026 (~41 years)
Over Time
Histogram
US Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-40.40%
Mar 2008 - Feb 2009
+6.21% +76.80%
Aug 1985 - Jul 1986
38.51%
186 out of 483
-40.41%
Mar 2008 - Feb 2009
+3.35% +73.89%
Aug 1985 - Jul 1986
42.86%
207 out of 483
-29.00%
Feb 2000 - Jan 2002
+4.04% +50.06%
Sep 1985 - Aug 1987
39.49%
186 out of 471
-30.70%
Feb 2000 - Jan 2002
+1.75% +46.17%
May 1985 - Apr 1987
45.22%
213 out of 471
-24.82%
Apr 2000 - Mar 2003
+3.52% +42.38%
May 1985 - Apr 1988
32.24%
148 out of 459
-26.62%
Apr 2000 - Mar 2003
+0.80% +38.13%
May 1985 - Apr 1988
46.19%
212 out of 459
-14.70%
Sep 1994 - Aug 1998
+3.29% +36.81%
Feb 1985 - Jan 1989
36.69%
164 out of 447
-17.67%
Feb 1989 - Jan 1993
+0.20% +32.20%
Feb 1985 - Jan 1989
49.66%
222 out of 447
-11.19%
Sep 1993 - Aug 1998
+2.14% +26.96%
Feb 1985 - Jan 1990
40.46%
176 out of 435
-13.31%
Sep 1993 - Aug 1998
-0.64% +22.29%
Feb 1985 - Jan 1990
52.41%
228 out of 435
-9.25%
Jun 1997 - May 2003
+2.07% +20.30%
Mar 1985 - Feb 1991
32.86%
139 out of 423
-11.26%
Jun 1997 - May 2003
-0.83% +15.63%
Mar 1985 - Feb 1991
55.56%
235 out of 423
-9.30%
May 1996 - Apr 2003
+2.73% +15.58%
Feb 1985 - Jan 1992
32.60%
134 out of 411
-11.35%
May 1996 - Apr 2003
+0.01% +11.23%
Feb 1985 - Jan 1992
49.88%
205 out of 411
-8.17%
Nov 1994 - Oct 2002
+2.20% +12.88%
Aug 1985 - Jul 1993
35.84%
143 out of 399
-10.35%
Nov 1994 - Oct 2002
-0.32% +8.80%
Aug 1985 - Jul 1993
50.88%
203 out of 399
-7.99%
May 1994 - Apr 2003
+2.12% +13.29%
Mar 1985 - Feb 1994
32.04%
124 out of 387
-10.70%
Oct 1989 - Sep 1998
-0.45% +9.31%
Mar 1985 - Feb 1994
53.75%
208 out of 387
-6.04%
May 1993 - Apr 2003
+2.12% +11.15%
Jan 1985 - Dec 1994
30.93%
116 out of 375
-8.50%
Sep 1988 - Aug 1998
-0.38% +7.30%
Jan 1985 - Dec 1994
53.33%
200 out of 375
-5.66%
Nov 1991 - Oct 2002
+1.84% +9.27%
May 1985 - Apr 1996
31.40%
114 out of 363
-8.01%
Nov 1991 - Oct 2002
-0.44% +5.58%
May 1985 - Apr 1996
56.47%
205 out of 363
-5.96%
May 1991 - Apr 2003
+1.68% +8.92%
Mar 2009 - Feb 2021
26.50%
93 out of 351
-8.32%
May 1991 - Apr 2003
-0.55% +6.99%
Mar 2009 - Feb 2021
55.84%
196 out of 351
-5.73%
Feb 1989 - Jan 2002
+1.72% +8.45%
Mar 2013 - Feb 2026
26.84%
91 out of 339
-8.46%
Feb 1989 - Jan 2002
-0.64% +5.67%
Mar 2013 - Feb 2026
55.46%
188 out of 339
-5.89%
May 1989 - Apr 2003
+1.94% +8.15%
Mar 2012 - Feb 2026
31.80%
104 out of 327
-8.53%
May 1989 - Apr 2003
-0.39% +5.42%
Mar 2012 - Feb 2026
53.82%
176 out of 327
-4.99%
May 1988 - Apr 2003
+1.53% +8.46%
Jan 1985 - Dec 1999
31.43%
99 out of 315
-7.78%
May 1988 - Apr 2003
-0.80% +5.12%
Jan 1985 - Dec 1999
58.73%
185 out of 315
-3.19%
May 1987 - Apr 2003
+1.33% +7.36%
Mar 2010 - Feb 2026
31.68%
96 out of 303
-6.09%
May 1987 - Apr 2003
-1.22% +4.66%
Mar 2010 - Feb 2026
65.02%
197 out of 303
-2.30%
Mar 1992 - Feb 2009
+1.08% +8.90%
Mar 2009 - Feb 2026
28.18%
82 out of 291
-4.73%
Mar 1992 - Feb 2009
-1.30% +6.19%
Mar 2009 - Feb 2026
65.29%
190 out of 291
-3.03%
Mar 1991 - Feb 2009
+1.56% +6.90%
Apr 2003 - Mar 2021
22.94%
64 out of 279
-5.45%
Mar 1991 - Feb 2009
-0.87% +4.75%
Apr 2003 - Mar 2021
65.23%
182 out of 279
-2.93%
Mar 1990 - Feb 2009
+1.40% +6.18%
Nov 2002 - Oct 2021
21.72%
58 out of 267
-5.49%
Mar 1990 - Feb 2009
-1.05% +3.84%
Nov 2002 - Oct 2021
60.30%
161 out of 267
-3.39%
Mar 1989 - Feb 2009
+1.57% +5.59%
May 2003 - Apr 2023
22.75%
58 out of 255
-6.06%
Mar 1989 - Feb 2009
-0.75% +3.00%
Feb 2002 - Jan 2022
60.00%
153 out of 255
-0.74%
Feb 1989 - Jan 2014
+1.62% +4.63%
Mar 2001 - Feb 2026
16.41%
32 out of 195
-3.34%
Feb 1989 - Jan 2014
-0.74% +2.07%
Mar 2001 - Feb 2026
68.21%
133 out of 195
+0.11%
Jan 1989 - Dec 2018
+1.76% +3.96%
Mar 1985 - Feb 2015
0.00%
0 out of 135
-2.33%
Jan 1989 - Dec 2018
-0.71% +1.24%
Mar 1985 - Feb 2015
79.26%
107 out of 135
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