- Issuer
- iShares
- Inception Date
- Jan 22, 2010
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares MSCI South Africa UCITS ETF USD (Acc)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
IRSA.L Performance Chart
iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) is down 4.5% since the beginning of the year. IRSA.L is currently trading at $58 per share. Investors who bought $1,000 worth of IRSA.L shares 5 years ago would now be looking at an investment worth $1,677.
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Returns By Period
iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) has returned -4.47% so far this year and 32.37% over the past 12 months. Over the last ten years, IRSA.L has returned 6.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
iShares MSCI South Africa UCITS ETF USD (Acc)
- 1D
- 1.35%
- 1M
- -4.91%
- 6M
- -10.54%
- YTD
- -4.47%
- 1Y
- 32.37%
- 3Y*
- 21.89%
- 5Y*
- 10.90%
- 10Y*
- 6.54%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
IRSA.L Monthly Returns History
Based on dividend-adjusted daily data since Jan 22, 2010, IRSA.L's average daily return is +0.04%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2022 with a return of +19.2%, while the worst month was Mar 2020 at -24.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IRSA.L closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.4%, while the worst single day was Mar 12, 2020 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.91% | 9.98% | -18.31% | 1.58% | 2.62% | -6.65% | 1.26% | -4.47% | |||||
| 2025 | 5.52% | -0.17% | 7.73% | 3.34% | 5.40% | 4.37% | -0.09% | 7.43% | 11.89% | 0.15% | 4.19% | 9.33% | 76.74% |
| 2024 | -5.60% | -5.93% | 5.46% | 3.46% | -0.81% | 9.72% | 4.80% | 3.59% | 7.31% | -2.54% | -4.10% | -6.08% | 7.84% |
| 2023 | 4.76% | -8.73% | 3.40% | 0.64% | -14.13% | 10.20% | 12.59% | -12.85% | -3.31% | -1.62% | 8.29% | 5.30% | 0.20% |
| 2022 | 6.63% | 5.45% | 6.22% | -12.21% | 0.29% | -11.76% | -0.20% | -4.31% | -8.92% | 3.76% | 19.17% | -3.56% | -3.75% |
| 2021 | 1.06% | 4.23% | 5.65% | 0.09% | 6.79% | -6.97% | -1.55% | 0.33% | -3.83% | -0.89% | -5.12% | 5.20% | 3.99% |
Benchmark Metrics
iShares MSCI South Africa UCITS ETF USD (Acc) has an annualized alpha of 0.00%, beta of 0.75, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since January 22, 2010.
- This ETF participated in 107.13% of S&P 500 Index downside but only 79.66% of its upside - more exposed to losses than it benefited from rallies.
- 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
- 0.00%
- Beta
- 0.75
- R²
- 0.19
- Upside Capture
- 79.66%
- Downside Capture
- 107.13%
Expense Ratio
IRSA.L has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IRSA.L 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) 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.
| IRSA.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.35 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.95 | 10.19 | -7.24 |
Dividends
Dividend History
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 South Africa UCITS ETF USD (Acc). 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 UCITS ETF USD (Acc) was 61.84%, occurring on Mar 23, 2020. Recovery took 1309 trading sessions.
The current iShares MSCI South Africa UCITS ETF USD (Acc) drawdown is 19.50%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-61.84%Mar 2020 | 2y 1mo | 5y 2mo | 7y 4moJan 2018 - Jun 2025 | COVID crash2020 |
-45.97%Jan 2016 | 8mo 26d | 1y 11mo | 2y 7moApr 2015 - Dec 2017 | — |
-25.59%Oct 2011 | 5mo 4d | 2y 7mo | 3y 11dMay 2011 - May 2014 | — |
-22.87%Mar 2026 | 18d | — | 4mo 16dMar 2026 - now | — |
-17.18%Dec 2014 | 3mo 11d | 4mo 13d | 7mo 24dSep 2014 - Apr 2015 | — |
Drawdown Indicators
| IRSA.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.84% | -56.78% | -5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -9.10% | -13.77% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -18.90% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -25.43% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -61.84% | -33.92% | -27.92% |
Current DrawdownCurrent decline from peak | -19.50% | -0.49% | -19.01% |
Average DrawdownAverage peak-to-trough decline | -17.86% | -10.70% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 2.09% | +8.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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