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iShares MSCI Hong Kong ETF (EWH)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US4642868719
CUSIP
464286871
Issuer
iShares
Inception Date
Mar 12, 1996
Region
Developed Asia Pacific (Pacific ex-Japan)
Leveraged
1x (No leverage)
Index Tracked
MSCI Hong Kong Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares MSCI Hong Kong ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

iShares MSCI Hong Kong ETF (EWH) has returned 8.66% so far this year and 39.05% over the past 12 months. Over the last ten years, EWH has returned 5.22% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


iShares MSCI Hong Kong ETF

1D
3.17%
1M
-4.63%
YTD
8.66%
6M
10.59%
1Y
39.05%
3Y*
8.77%
5Y*
0.83%
10Y*
5.22%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 1, 1996, EWH's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, your investment would double in approximately 9.1 years.

Historically, 57% of months were positive and 43% were negative. The best month was Oct 1998 with a return of +38.4%, while the worst month was Oct 1997 at -28.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, EWH closed higher 50% of trading days. The best single day was Oct 28, 1997 with a return of +20.3%, while the worst single day was Oct 29, 1997 at -12.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.02%3.55%-4.63%8.66%
2025-0.96%6.61%-0.45%0.06%8.11%7.13%4.23%2.22%1.84%-0.05%3.25%-1.38%34.50%
2024-9.73%4.15%-4.78%3.15%4.24%-6.51%-0.33%6.10%15.33%-4.23%-2.41%-2.51%0.00%
20234.95%-7.57%0.83%1.36%-9.03%3.64%3.52%-9.30%-5.51%-2.16%0.18%5.95%-13.87%
20222.24%-4.34%-0.49%-5.32%3.74%1.64%-4.28%-3.81%-10.76%-11.73%24.29%6.40%-6.81%
20211.70%4.99%1.03%2.60%3.04%-3.57%-2.40%-1.19%-6.95%2.34%-5.09%0.67%-3.49%

Benchmark Metrics

iShares MSCI Hong Kong ETF has an annualized alpha of -0.15%, beta of 0.92, and R² of 0.41 versus S&P 500 Index. Calculated based on daily prices since April 02, 1996.

  • This ETF participated in 105.25% of S&P 500 Index downside but only 91.93% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.41 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
-0.15%
Beta
0.92
0.41
Upside Capture
91.93%
Downside Capture
105.25%

Expense Ratio

EWH has an expense ratio of 0.49%, placing it in the medium range.


Return for Risk

Risk / Return Rank

EWH ranks 89 for risk / return — in the top 89% of ETFs 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.


EWH Risk / Return Rank: 8989
Overall Rank
EWH Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EWH Sortino Ratio Rank: 9191
Sortino Ratio Rank
EWH Omega Ratio Rank: 8989
Omega Ratio Rank
EWH Calmar Ratio Rank: 8585
Calmar Ratio Rank
EWH Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares MSCI Hong Kong ETF (EWH) and compare them to a chosen benchmark (S&P 500 Index).


EWHBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.09

0.90

+1.20

Sortino ratio

Return per unit of downside risk

2.66

1.39

+1.28

Omega ratio

Gain probability vs. loss probability

1.38

1.21

+0.17

Calmar ratio

Return relative to maximum drawdown

2.66

1.40

+1.26

Martin ratio

Return relative to average drawdown

11.06

6.61

+4.46

Explore EWH risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

iShares MSCI Hong Kong ETF provided a 4.78% dividend yield over the last twelve months, with an annual payout of $1.10 per share.


2.50%3.00%3.50%4.00%4.50%5.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.10$1.10$0.70$0.74$0.61$0.64$0.63$0.66$0.66$1.11$0.60$0.52

Dividend yield

4.78%5.20%4.17%4.28%2.91%2.78%2.56%2.71%2.93%4.35%3.08%2.63%

Monthly Dividends

The table displays the monthly dividend distributions for iShares MSCI Hong Kong ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.42$0.00$0.00$0.00$0.00$0.00$0.69$1.10
2024$0.00$0.00$0.00$0.00$0.00$0.35$0.00$0.00$0.00$0.00$0.00$0.34$0.70
2023$0.00$0.00$0.00$0.00$0.00$0.31$0.00$0.00$0.00$0.00$0.00$0.43$0.74
2022$0.00$0.00$0.00$0.00$0.00$0.33$0.00$0.00$0.00$0.00$0.00$0.28$0.61
2021$0.00$0.00$0.00$0.00$0.00$0.38$0.00$0.00$0.00$0.00$0.00$0.26$0.64

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 MSCI Hong Kong ETF. 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 MSCI Hong Kong ETF was 66.44%, occurring on Aug 31, 1998. Recovery took 1911 trading sessions.

The current iShares MSCI Hong Kong ETF drawdown is 4.63%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-66.44%Aug 8, 1997268Aug 31, 19981911Apr 6, 20062179
-63.58%Oct 30, 2007269Nov 20, 20081049Jan 24, 20131318
-42.71%Jun 1, 2021725Apr 17, 2024445Jan 27, 20261170
-31.07%Apr 8, 2019242Mar 23, 2020207Jan 15, 2021449
-29.54%May 26, 2015180Feb 9, 2016315May 10, 2017495

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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