- ISIN
- US46434G8143
- CUSIP
- 46434G814
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Region
- Emerging Asia Pacific (Malaysia)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Malaysia Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $324M
Highlights
- Avg. Volume (1M)
- 233K
- Avg. Volume Value (1M)
- $6.48M
Share Price Chart
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Performance
EWM Performance Chart
iShares MSCI Malaysia ETF (EWM) is up 4.8% since the beginning of the year. EWM is currently trading at $28 per share. Investors who bought $1,000 worth of EWM shares 5 years ago would now be looking at an investment worth $1,374.
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Returns By Period
iShares MSCI Malaysia ETF (EWM) has returned 4.76% so far this year and 21.43% over the past 12 months. Over the last ten years, EWM has returned 2.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares MSCI Malaysia ETF
- 1D
- -0.64%
- 1M
- 4.12%
- 6M
- -1.77%
- YTD
- 4.76%
- 1Y
- 21.43%
- 3Y*
- 13.17%
- 5Y*
- 6.56%
- 10Y*
- 2.61%
- ALL TIME*
- 1.91%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EWM Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 1996, EWM's average daily return is +0.02%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 52% of months were positive and 48% were negative. The best month was Apr 1999 with a return of +112.7%, while the worst month was Aug 1998 at -34.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, EWM closed higher 48% of trading days. The best single day was Feb 2, 1998 with a return of +19.0%, while the worst single day was Sep 1, 1998 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.65% | 0.14% | -2.77% | 3.38% | -2.72% | -3.71% | 4.19% | 4.76% | |||||
| 2025 | -4.53% | 1.07% | -2.49% | 4.72% | -0.87% | 3.76% | -3.49% | 5.87% | 4.22% | -0.27% | 2.24% | 5.17% | 15.74% |
| 2024 | -0.52% | 2.79% | 0.28% | 1.42% | 3.94% | -0.66% | 5.52% | 9.37% | 4.36% | -8.91% | -0.12% | 1.52% | 19.46% |
| 2023 | 4.12% | -8.58% | 1.98% | -1.80% | -5.74% | -0.72% | 9.70% | -3.96% | -2.32% | 0.19% | 2.96% | 1.80% | -3.61% |
| 2022 | -2.20% | 5.92% | -1.23% | -3.12% | -2.58% | -7.35% | 2.92% | -1.20% | -9.54% | 3.86% | 8.25% | 1.59% | -6.00% |
| 2021 | -6.08% | 0.55% | -0.37% | 2.58% | -1.44% | -3.84% | -3.33% | 7.49% | -4.52% | 3.55% | -5.22% | 3.94% | -7.40% |
Benchmark Metrics
iShares MSCI Malaysia ETF has an annualized alpha of -0.58%, beta of 0.63, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since April 01, 1996.
- This ETF participated in 89.78% of S&P 500 Index downside but only 62.28% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.58%
- Beta
- 0.63
- R²
- 0.19
- Upside Capture
- 62.28%
- Downside Capture
- 89.78%
Expense Ratio
EWM has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWM ranks 66 for risk / return — above 66% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares MSCI Malaysia ETF (EWM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.00 | +0.27 |
| Martin ratioReturn relative to average drawdown | 6.02 | 8.49 | -2.47 |
Dividends
Dividend History
iShares MSCI Malaysia ETF provided a 3.55% dividend yield over the last twelve months, with an annual payout of $1.00 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.93 | $0.81 | $0.74 | $0.68 | $1.62 | $0.54 | $0.83 | $1.14 | $1.84 | $1.68 | $11.62 |
Dividend yield | 3.55% | 3.41% | 3.32% | 3.47% | 3.00% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.54% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Malaysia ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.00 | $0.57 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.93 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.81 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $1.62 |
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 Malaysia 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 Malaysia ETF was 89.19%, occurring on Oct 7, 1998. Recovery took 2277 trading sessions.
The current iShares MSCI Malaysia ETF drawdown is 7.42%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-89.19%Oct 1998 | 1y 7mo | 9y 21d | 10y 8moFeb 1997 - Oct 2007 | — |
-52.12%Oct 2008 | 9mo 16d | 1y 10mo | 2y 7moJan 2008 - Aug 2010 | Financial crisis2007–2009 |
-50.30%Mar 2020 | 5y 6mo | — | 11y 11moAug 2014 - now | COVID crash2020 |
-22.25%Oct 2011 | 2mo 27d | 11mo 17d | 1y 2moJul 2011 - Sep 2012 | — |
-16.12%Aug 2013 | 3mo 14d | 8mo 25d | 1y 4dMay 2013 - May 2014 | — |
Drawdown Indicators
| EWM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.19% | -56.78% | -32.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -9.10% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.31% | -18.90% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -25.43% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -43.81% | -33.92% | -9.89% |
Current DrawdownCurrent decline from peak | -7.42% | -1.58% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -31.70% | -10.70% | -21.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.14% | +1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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