Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iSHARES FUNDS, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Sep 3, 2020, corresponding to the inception date of KWT
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio iSHARES FUNDS | -0.52% | -1.48% | 6.18% | 12.84% | 39.64% | 18.55% | 10.90% | — |
| Portfolio components: | ||||||||
EWM iShares MSCI Malaysia ETF | -1.08% | -0.07% | 3.58% | 9.60% | 26.11% | 12.14% | 4.90% | 1.82% |
EWK iShares MSCI Belgium ETF | 0.45% | -2.32% | 2.13% | 5.16% | 28.07% | 12.20% | 6.42% | 6.04% |
EWQ iShares MSCI France ETF | -0.23% | -2.93% | -2.76% | -1.78% | 11.93% | 7.63% | 7.64% | 9.09% |
EWD iShares MSCI Sweden ETF | 0.00% | -4.47% | 0.65% | 4.64% | 20.40% | 14.59% | 5.19% | 8.92% |
EWN iShares MSCI Netherlands ETF | -0.79% | -2.61% | 1.89% | 1.38% | 30.44% | 14.42% | 6.66% | 11.47% |
EWI iShares MSCI Italy ETF | -0.37% | 0.78% | -0.04% | 5.14% | 31.25% | 25.21% | 15.28% | 12.35% |
EWP iShares MSCI Spain ETF | -0.15% | 3.39% | 1.76% | 12.69% | 45.24% | 29.27% | 18.33% | 10.99% |
EWY iShares MSCI South Korea ETF | -2.65% | -7.16% | 26.38% | 50.40% | 129.96% | 29.44% | 8.51% | 11.12% |
EPU iShares MSCI Peru ETF | -1.33% | -6.84% | 12.73% | 33.53% | 86.05% | 44.41% | 23.70% | 15.94% |
TUR iShares MSCI Turkey ETF | 0.67% | 0.44% | 13.16% | 14.23% | 23.17% | 8.97% | 13.81% | 1.62% |
Monthly Returns
Based on dividend-adjusted daily data since Sep 4, 2020, iSHARES FUNDS's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, your investment would double in approximately 4.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.1%, while the worst month was Jun 2022 at -10.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, iSHARES FUNDS closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.72% | 4.94% | -8.32% | 0.59% | 6.18% | ||||||||
| 2025 | 4.86% | 1.82% | 2.01% | 3.89% | 4.06% | 5.55% | -1.01% | 5.29% | 4.56% | 1.88% | 1.45% | 3.09% | 44.33% |
| 2024 | -2.96% | 2.43% | 2.80% | -1.20% | 2.96% | -2.65% | 1.80% | 1.91% | 2.93% | -4.63% | -2.47% | -2.38% | -1.89% |
| 2023 | 7.80% | -4.14% | 1.00% | 1.87% | -3.61% | 5.89% | 5.92% | -5.66% | -3.13% | -4.32% | 9.56% | 5.15% | 15.79% |
| 2022 | 1.82% | -1.06% | 4.00% | -7.02% | 2.18% | -10.93% | 2.84% | -1.61% | -8.25% | 7.36% | 10.76% | -1.96% | -4.05% |
| 2021 | -1.00% | 1.96% | 2.40% | 2.22% | 4.12% | -0.77% | -2.09% | 2.30% | -4.96% | 0.53% | -3.98% | 4.25% | 4.57% |
Benchmark Metrics
iSHARES FUNDS has an annualized alpha of 5.46%, beta of 0.71, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since September 04, 2020.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.72%) than losses (74.39%) — typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 5.46% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 5.46%
- Beta
- 0.71
- R²
- 0.55
- Upside Capture
- 85.72%
- Downside Capture
- 74.39%
Expense Ratio
iSHARES FUNDS has an expense ratio of 0.56%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
iSHARES FUNDS ranks 88 for risk / return — in the top 88% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 0.88 | +1.32 |
Sortino ratioReturn per unit of downside risk | 2.86 | 1.37 | +1.49 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.21 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.39 | +1.72 |
Martin ratioReturn relative to average drawdown | 12.30 | 6.43 | +5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
EWM iShares MSCI Malaysia ETF | 82 | 1.65 | 2.28 | 1.30 | 3.05 | 11.12 |
EWK iShares MSCI Belgium ETF | 75 | 1.76 | 2.37 | 1.34 | 1.87 | 7.50 |
EWQ iShares MSCI France ETF | 30 | 0.63 | 1.02 | 1.13 | 0.89 | 3.15 |
EWD iShares MSCI Sweden ETF | 48 | 0.96 | 1.42 | 1.18 | 1.48 | 5.55 |
EWN iShares MSCI Netherlands ETF | 74 | 1.41 | 2.11 | 1.27 | 2.34 | 8.81 |
EWI iShares MSCI Italy ETF | 74 | 1.46 | 2.06 | 1.29 | 2.24 | 8.88 |
EWP iShares MSCI Spain ETF | 91 | 2.12 | 2.69 | 1.40 | 3.86 | 14.58 |
EWY iShares MSCI South Korea ETF | 97 | 3.59 | 3.80 | 1.54 | 5.59 | 21.99 |
EPU iShares MSCI Peru ETF | 95 | 2.94 | 3.30 | 1.48 | 4.18 | 16.86 |
TUR iShares MSCI Turkey ETF | 52 | 1.04 | 1.68 | 1.19 | 1.76 | 4.18 |
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Dividends
Dividend yield
iSHARES FUNDS provided a 3.52% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.52% | 3.72% | 4.66% | 3.47% | 4.68% | 4.49% | 2.08% | 3.34% | 3.36% | 2.55% | 2.81% | 4.39% |
| Portfolio components: | ||||||||||||
EWM iShares MSCI Malaysia ETF | 3.29% | 3.41% | 3.32% | 3.47% | 3.00% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.54% |
EWK iShares MSCI Belgium ETF | 1.70% | 1.73% | 3.25% | 2.09% | 2.58% | 3.64% | 1.66% | 2.77% | 2.78% | 2.91% | 1.75% | 2.06% |
EWQ iShares MSCI France ETF | 2.70% | 2.63% | 3.31% | 2.73% | 3.23% | 3.79% | 1.02% | 2.44% | 2.90% | 1.90% | 2.84% | 2.25% |
EWD iShares MSCI Sweden ETF | 3.25% | 3.27% | 1.77% | 2.41% | 3.68% | 5.46% | 0.98% | 4.15% | 5.17% | 3.23% | 3.91% | 4.08% |
EWN iShares MSCI Netherlands ETF | 4.94% | 5.03% | 2.18% | 1.79% | 1.98% | 1.01% | 0.78% | 2.57% | 2.40% | 1.68% | 2.71% | 1.92% |
EWI iShares MSCI Italy ETF | 2.81% | 2.80% | 4.07% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% |
EWP iShares MSCI Spain ETF | 2.23% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
EWY iShares MSCI South Korea ETF | 1.66% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
EPU iShares MSCI Peru ETF | 1.45% | 1.63% | 5.78% | 4.17% | 5.56% | 3.13% | 1.91% | 2.67% | 1.53% | 3.30% | 0.85% | 1.90% |
TUR iShares MSCI Turkey ETF | 2.12% | 2.40% | 1.79% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.64% | 2.89% | 3.04% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iSHARES FUNDS. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iSHARES FUNDS was 23.46%, occurring on Sep 29, 2022. Recovery took 196 trading sessions.
The current iSHARES FUNDS drawdown is 8.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.46% | Jun 15, 2021 | 327 | Sep 29, 2022 | 196 | Jul 13, 2023 | 523 |
| -13.52% | Aug 1, 2023 | 63 | Oct 27, 2023 | 40 | Dec 26, 2023 | 103 |
| -12.78% | Feb 26, 2026 | 17 | Mar 20, 2026 | — | — | — |
| -12.59% | Mar 18, 2025 | 16 | Apr 8, 2025 | 12 | Apr 25, 2025 | 28 |
| -10.34% | Sep 27, 2024 | 73 | Jan 13, 2025 | 43 | Mar 17, 2025 | 116 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 22 assets, with an effective number of assets of 22.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| Benchmark | TUR | UAE | KWT | ECNS | EWM | ECH | EWZS | EPU | EWZ | EMIF | EWW | EWY | EWP | EZA | EWK | EWD | EWI | ILF | EWN | EWQ | DVYE | EMXC | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.26 | 0.35 | 0.41 | 0.39 | 0.44 | 0.45 | 0.42 | 0.46 | 0.42 | 0.44 | 0.50 | 0.60 | 0.59 | 0.51 | 0.60 | 0.67 | 0.66 | 0.50 | 0.76 | 0.68 | 0.53 | 0.71 | 0.70 |
| TUR | 0.26 | 1.00 | 0.23 | 0.13 | 0.21 | 0.20 | 0.23 | 0.22 | 0.23 | 0.23 | 0.24 | 0.23 | 0.26 | 0.25 | 0.28 | 0.26 | 0.27 | 0.27 | 0.26 | 0.30 | 0.29 | 0.30 | 0.34 | 0.41 |
| UAE | 0.35 | 0.23 | 1.00 | 0.28 | 0.23 | 0.26 | 0.24 | 0.24 | 0.25 | 0.26 | 0.28 | 0.25 | 0.29 | 0.27 | 0.28 | 0.27 | 0.26 | 0.31 | 0.30 | 0.30 | 0.29 | 0.31 | 0.38 | 0.40 |
| KWT | 0.41 | 0.13 | 0.28 | 1.00 | 0.23 | 0.26 | 0.25 | 0.25 | 0.26 | 0.25 | 0.28 | 0.31 | 0.32 | 0.28 | 0.30 | 0.32 | 0.32 | 0.32 | 0.30 | 0.37 | 0.34 | 0.29 | 0.40 | 0.41 |
| ECNS | 0.39 | 0.21 | 0.23 | 0.23 | 1.00 | 0.36 | 0.40 | 0.31 | 0.43 | 0.34 | 0.56 | 0.38 | 0.47 | 0.36 | 0.53 | 0.42 | 0.44 | 0.40 | 0.40 | 0.50 | 0.44 | 0.58 | 0.52 | 0.60 |
| EWM | 0.44 | 0.20 | 0.26 | 0.26 | 0.36 | 1.00 | 0.40 | 0.35 | 0.42 | 0.39 | 0.40 | 0.41 | 0.48 | 0.41 | 0.48 | 0.43 | 0.44 | 0.43 | 0.44 | 0.46 | 0.46 | 0.52 | 0.57 | 0.57 |
| ECH | 0.45 | 0.23 | 0.24 | 0.25 | 0.40 | 0.40 | 1.00 | 0.47 | 0.56 | 0.51 | 0.49 | 0.48 | 0.47 | 0.45 | 0.51 | 0.47 | 0.49 | 0.49 | 0.61 | 0.51 | 0.49 | 0.57 | 0.57 | 0.69 |
| EWZS | 0.42 | 0.22 | 0.24 | 0.25 | 0.31 | 0.35 | 0.47 | 1.00 | 0.43 | 0.91 | 0.58 | 0.49 | 0.42 | 0.41 | 0.46 | 0.42 | 0.41 | 0.45 | 0.83 | 0.44 | 0.44 | 0.64 | 0.56 | 0.70 |
| EPU | 0.46 | 0.23 | 0.25 | 0.26 | 0.43 | 0.42 | 0.56 | 0.43 | 1.00 | 0.48 | 0.48 | 0.52 | 0.49 | 0.48 | 0.61 | 0.49 | 0.53 | 0.50 | 0.60 | 0.52 | 0.51 | 0.60 | 0.60 | 0.70 |
| EWZ | 0.42 | 0.23 | 0.26 | 0.25 | 0.34 | 0.39 | 0.51 | 0.91 | 0.48 | 1.00 | 0.63 | 0.53 | 0.43 | 0.45 | 0.50 | 0.44 | 0.43 | 0.48 | 0.94 | 0.44 | 0.48 | 0.72 | 0.60 | 0.75 |
| EMIF | 0.44 | 0.24 | 0.28 | 0.28 | 0.56 | 0.40 | 0.49 | 0.58 | 0.48 | 0.63 | 1.00 | 0.58 | 0.49 | 0.47 | 0.54 | 0.45 | 0.48 | 0.49 | 0.68 | 0.50 | 0.50 | 0.71 | 0.61 | 0.73 |
| EWW | 0.50 | 0.23 | 0.25 | 0.31 | 0.38 | 0.41 | 0.48 | 0.49 | 0.52 | 0.53 | 0.58 | 1.00 | 0.49 | 0.52 | 0.58 | 0.52 | 0.55 | 0.55 | 0.71 | 0.55 | 0.57 | 0.58 | 0.63 | 0.71 |
| EWY | 0.60 | 0.26 | 0.29 | 0.32 | 0.47 | 0.48 | 0.47 | 0.42 | 0.49 | 0.43 | 0.49 | 0.49 | 1.00 | 0.50 | 0.58 | 0.52 | 0.58 | 0.55 | 0.52 | 0.64 | 0.57 | 0.60 | 0.85 | 0.72 |
| EWP | 0.59 | 0.25 | 0.27 | 0.28 | 0.36 | 0.41 | 0.45 | 0.41 | 0.48 | 0.45 | 0.47 | 0.52 | 0.50 | 1.00 | 0.55 | 0.76 | 0.71 | 0.85 | 0.54 | 0.69 | 0.82 | 0.58 | 0.62 | 0.74 |
| EZA | 0.51 | 0.28 | 0.28 | 0.30 | 0.53 | 0.48 | 0.51 | 0.46 | 0.61 | 0.50 | 0.54 | 0.58 | 0.58 | 0.55 | 1.00 | 0.56 | 0.60 | 0.60 | 0.59 | 0.62 | 0.61 | 0.70 | 0.72 | 0.77 |
| EWK | 0.60 | 0.26 | 0.27 | 0.32 | 0.42 | 0.43 | 0.47 | 0.42 | 0.49 | 0.44 | 0.45 | 0.52 | 0.52 | 0.76 | 0.56 | 1.00 | 0.75 | 0.77 | 0.53 | 0.73 | 0.80 | 0.57 | 0.64 | 0.75 |
| EWD | 0.67 | 0.27 | 0.26 | 0.32 | 0.44 | 0.44 | 0.49 | 0.41 | 0.53 | 0.43 | 0.48 | 0.55 | 0.58 | 0.71 | 0.60 | 0.75 | 1.00 | 0.78 | 0.52 | 0.81 | 0.82 | 0.58 | 0.70 | 0.77 |
| EWI | 0.66 | 0.27 | 0.31 | 0.32 | 0.40 | 0.43 | 0.49 | 0.45 | 0.50 | 0.48 | 0.49 | 0.55 | 0.55 | 0.85 | 0.60 | 0.77 | 0.78 | 1.00 | 0.57 | 0.78 | 0.89 | 0.61 | 0.67 | 0.79 |
| ILF | 0.50 | 0.26 | 0.30 | 0.30 | 0.40 | 0.44 | 0.61 | 0.83 | 0.60 | 0.94 | 0.68 | 0.71 | 0.52 | 0.54 | 0.59 | 0.53 | 0.52 | 0.57 | 1.00 | 0.54 | 0.57 | 0.76 | 0.69 | 0.84 |
| EWN | 0.76 | 0.30 | 0.30 | 0.37 | 0.50 | 0.46 | 0.51 | 0.44 | 0.52 | 0.44 | 0.50 | 0.55 | 0.64 | 0.69 | 0.62 | 0.73 | 0.81 | 0.78 | 0.54 | 1.00 | 0.82 | 0.60 | 0.77 | 0.80 |
| EWQ | 0.68 | 0.29 | 0.29 | 0.34 | 0.44 | 0.46 | 0.49 | 0.44 | 0.51 | 0.48 | 0.50 | 0.57 | 0.57 | 0.82 | 0.61 | 0.80 | 0.82 | 0.89 | 0.57 | 0.82 | 1.00 | 0.62 | 0.70 | 0.81 |
| DVYE | 0.53 | 0.30 | 0.31 | 0.29 | 0.58 | 0.52 | 0.57 | 0.64 | 0.60 | 0.72 | 0.71 | 0.58 | 0.60 | 0.58 | 0.70 | 0.57 | 0.58 | 0.61 | 0.76 | 0.60 | 0.62 | 1.00 | 0.76 | 0.85 |
| EMXC | 0.71 | 0.34 | 0.38 | 0.40 | 0.52 | 0.57 | 0.57 | 0.56 | 0.60 | 0.60 | 0.61 | 0.63 | 0.85 | 0.62 | 0.72 | 0.64 | 0.70 | 0.67 | 0.69 | 0.77 | 0.70 | 0.76 | 1.00 | 0.88 |
| Portfolio | 0.70 | 0.41 | 0.40 | 0.41 | 0.60 | 0.57 | 0.69 | 0.70 | 0.70 | 0.75 | 0.73 | 0.71 | 0.72 | 0.74 | 0.77 | 0.75 | 0.77 | 0.79 | 0.84 | 0.80 | 0.81 | 0.85 | 0.88 | 1.00 |