- ISIN
- US46434V4234
- CUSIP
- 46434V423
- Issuer
- iShares
- Inception Date
- Sep 16, 2015
- Region
- North America (U.S.)
- Category
- Emerging Markets Equities
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.48% | -6.75% | 6.94% | -1.64% | -0.90% | 0.35% | 6.80% | ||||||
| 2025 | 3.48% | -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% |
| 2023 | 3.95% | -7.47% | 6.75% | 6.30% | -2.87% | 4.59% | 1.79% | -2.78% | -5.28% | -2.19% | 4.51% | 8.29% | 15.05% |
| 2022 | 11.35% | 2.33% | 1.87% | 6.76% | -7.70% | -10.86% | 6.47% | 0.61% | -7.53% | 4.49% | -7.96% | -3.29% | -6.06% |
| 2021 | 0.13% | 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
- R²
- 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.
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.
| KSA | Benchmark | Difference | |
|---|---|---|---|
| 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $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 15d | 11mo 29d | 1y 10moMay 2019 - Mar 2021 |
2016 bear market2016 | -28.74%Jan 2016 | 3mo 8d | 1y 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 24d | 3mo 3d | 5mo 27dJul 2018 - Jan 2019 |
2021 correction2021 | -10.56%Nov 2021 | 15d | 1mo 13d | 1mo 28dNov 2021 - Jan 2022 |
Drawdown Indicators
| KSA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -15.24% | -1.80% | -13.44% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -10.71% | -0.74% |
Ulcer IndexDepth 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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