iShares MSCI South Africa ETF (EZA)

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iShares MSCI South Africa ETF (EZA) is down 0.4% since the beginning of the year. EZA is currently trading at $69 per share. Investors who bought $1,000 worth of EZA shares 5 years ago would now be looking at an investment worth $1,580.

iShares MSCI South Africa ETF (EZA) has returned -0.36% so far this year and 37.34% over the past 12 months. Over the last ten years, EZA has returned 7.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Feb 7, 2003, EZA's average daily return is +0.06%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.

Historically, 58% of months were positive and 42% were negative. The best month was Mar 2009 with a return of +21.5%, while the worst month was Oct 2008 at -29.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EZA closed higher 52% of trading days. The best single day was Oct 28, 2008 with a return of +22.9%, while the worst single day was Oct 15, 2008 at -20.1%.

iShares MSCI South Africa ETF has an annualized alpha of 0.51%, beta of 1.25, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since February 10, 2003.

• This ETF participated in 113.51% of S&P 500 Index downside but only 110.91% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

EZA has an expense ratio of 0.59%, placing it in the medium range.

EZA ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for iShares MSCI South Africa ETF (EZA) and compare them to S&P 500 Index.

iShares MSCI South Africa ETF provided a 6.18% dividend yield over the last twelve months, with an annual payout of $4.24 per share. The fund has been increasing its distributions for 2 consecutive years.

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

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.

The table below displays the maximum drawdowns of the iShares MSCI South Africa 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 South Africa ETF was 64.64%, occurring on Oct 27, 2008. Recovery took 486 trading sessions.

The current iShares MSCI South Africa ETF drawdown is 15.99%.

The chart below shows the rolling one-month volatility.