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ISIN
US46434V4234
CUSIP
46434V423
Issuer
iShares
Inception Date
Sep 16, 2015
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend
Assets Under Management
$673M

Share Price Chart


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Performance

KSA Performance Chart

iShares MSCI Saudi Arabia ETF (KSA) is up 6.8% since the beginning of the year. KSA is currently trading at $38 per share. Investors who bought $1,000 worth of KSA shares 5 years ago would now be looking at an investment worth $1,112.


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S&P 500 Index

Returns By Period

iShares MSCI Saudi Arabia ETF (KSA) has returned 6.80% so far this year and 7.65% over the past 12 months. Over the last ten years, KSA has returned 7.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


iShares MSCI Saudi Arabia ETF

1D
-0.78%
1M
0.64%
YTD
6.80%
6M
6.39%
1Y
7.65%
3Y*
0.98%
5Y*
2.14%
10Y*
7.59%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KSA Monthly Returns History

Based on dividend-adjusted daily data since Sep 17, 2015, KSA's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2016 with a return of +14.8%, while the worst month was Jan 2016 at -13.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, KSA closed higher 49% of trading days. The best single day was Mar 10, 2020 with a return of +16.0%, while the worst single day was Mar 9, 2020 at -17.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20269.48%-6.75%6.94%-1.64%-0.90%0.35%6.80%
20253.48%-2.67%0.58%-2.27%-5.19%2.29%-2.54%-0.53%8.62%-0.74%-7.05%-1.58%-8.20%
2024-1.61%6.79%-0.72%-2.58%-6.76%2.79%3.64%0.64%0.78%-1.78%-2.10%1.39%-0.19%
20233.95%-7.47%6.75%6.30%-2.87%4.59%1.79%-2.78%-5.28%-2.19%4.51%8.29%15.05%
202211.35%2.33%1.87%6.76%-7.70%-10.86%6.47%0.61%-7.53%4.49%-7.96%-3.29%-6.06%
20210.13%3.18%11.79%5.15%2.01%3.25%0.81%3.75%1.38%3.44%-8.90%4.55%33.62%

Benchmark Metrics

iShares MSCI Saudi Arabia ETF has an annualized alpha of 0.44%, beta of 0.57, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since September 17, 2015.

  • This ETF participated in 59.45% of S&P 500 Index downside but only 47.42% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.57 may look defensive, but with R2 of 0.25 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 0.25 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
0.44%
Beta
0.57
0.25
Upside Capture
47.42%
Downside Capture
59.45%

Expense Ratio

KSA has an expense ratio of 0.74%, placing it in the medium range.


Return for Risk

Risk / Return Rank

KSA ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


KSA Risk / Return Rank: 1616
Overall Rank
KSA Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
KSA Sortino Ratio Rank: 1616
Sortino Ratio Rank
KSA Omega Ratio Rank: 1515
Omega Ratio Rank
KSA Calmar Ratio Rank: 1616
Calmar Ratio Rank
KSA Martin Ratio Rank: 1515
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 Saudi Arabia ETF (KSA) 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.


KSABenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.57

Sortino ratioReturn per unit of downside risk

-1.88

Omega ratioGain probability vs. loss probability

1.10

1.37

-0.27

Calmar ratioReturn relative to maximum drawdown

0.66

2.78

-2.12

Martin ratioReturn relative to average drawdown

1.46

12.44

-10.98

Dividends

Dividend History

iShares MSCI Saudi Arabia ETF provided a 2.70% dividend yield over the last twelve months, with an annual payout of $1.03 per share.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.50$1.00$1.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.03$1.07$1.40$1.03$0.73$0.65$0.55$0.67$0.73$0.60$0.77$0.01

Dividend yield

2.70%2.95%3.44%2.44%1.93%1.58%1.76%2.15%2.51%2.30%3.05%0.04%

Monthly Dividends

The table displays the monthly dividend distributions for iShares MSCI Saudi Arabia 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$0.00$0.59$0.59
2025$0.00$0.00$0.00$0.00$0.00$0.63$0.00$0.00$0.00$0.00$0.00$0.44$1.07
2024$0.00$0.00$0.00$0.00$0.00$0.61$0.00$0.00$0.00$0.00$0.00$0.79$1.40
2023$0.00$0.00$0.00$0.00$0.00$0.49$0.00$0.00$0.00$0.00$0.00$0.54$1.03
2022$0.00$0.00$0.00$0.00$0.00$0.33$0.00$0.00$0.00$0.00$0.00$0.40$0.73
2021$0.00$0.00$0.00$0.00$0.00$0.37$0.00$0.00$0.00$0.00$0.00$0.28$0.65

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 Saudi Arabia 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 Saudi Arabia ETF was 40.56%, occurring on Mar 16, 2020. Recovery took 248 trading sessions.

The current iShares MSCI Saudi Arabia ETF drawdown is 15.24%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-40.56%Mar 2020
10mo 15d11mo 29d
1y 10moMay 2019 - Mar 2021
2016 bear market2016
-28.74%Jan 2016
3mo 8d1y 5mo
1y 8moOct 2015 - Jun 2017
2023 bear market2023
-28.08%Mar 2023
11mo 2d
4y 2moApr 2022 - now
Rate-hike selloffLate 2018
-13.77%Oct 2018
2mo 24d3mo 3d
5mo 27dJul 2018 - Jan 2019
2021 correction2021
-10.56%Nov 2021
15d1mo 13d
1mo 28dNov 2021 - Jan 2022

Drawdown Indicators


KSABenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-40.56%

-56.78%

+16.22%

Max Drawdown (1Y)

Largest decline over 1 year

-11.62%

-9.10%

-2.52%

Max Drawdown (3Y)

Largest decline over 3 years

-15.56%

-18.90%

+3.34%

Max Drawdown (5Y)

Largest decline over 5 years

-28.08%

-25.43%

-2.65%

Max Drawdown (10Y)

Largest decline over 10 years

-40.56%

-33.92%

-6.64%

Current Drawdown

Current decline from peak

-15.24%

-1.80%

-13.44%

Average Drawdown

Average peak-to-trough decline

-11.45%

-10.71%

-0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.25%

2.03%

+3.22%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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