- ISIN
- US46434V7617
- CUSIP
- 46434V761
- Issuer
- iShares
- Inception Date
- Apr 29, 2014
- Region
- Middle East (United Arab Emirates)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI All UAE Capped Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $309M
Highlights
- Avg. Volume (1M)
- 177K
- Avg. Volume Value (1M)
- $3.37M
Share Price Chart
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Performance
UAE Performance Chart
iShares MSCI UAE ETF (UAE) is up 2.5% since the beginning of the year. UAE is currently trading at $19 per share. Investors who bought $1,000 worth of UAE shares 5 years ago would now be looking at an investment worth $1,622.
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Returns By Period
iShares MSCI UAE ETF (UAE) has returned 2.47% so far this year and -0.83% over the past 12 months. Over the last ten years, UAE has returned 5.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares MSCI UAE ETF
- 1D
- -1.92%
- 1M
- -0.47%
- 6M
- -4.38%
- YTD
- 2.47%
- 1Y
- -0.83%
- 3Y*
- 11.70%
- 5Y*
- 10.15%
- 10Y*
- 5.28%
- ALL TIME*
- 1.69%
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%
UAE Monthly Returns History
Based on dividend-adjusted daily data since May 1, 2014, UAE's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 51% of months were positive and 49% were negative. The best month was Apr 2015 with a return of +18.7%, while the worst month was Mar 2020 at -23.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, UAE closed higher 49% of trading days. The best single day was Mar 19, 2020 with a return of +8.9%, while the worst single day was Mar 9, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.17% | 4.20% | -12.65% | 3.11% | 1.56% | 0.74% | -0.42% | 2.47% | |||||
| 2025 | 3.46% | 2.47% | -2.75% | 5.36% | 3.86% | 4.28% | 7.05% | -3.29% | -2.53% | 4.18% | -5.59% | 3.92% | 21.35% |
| 2024 | -0.81% | -1.22% | 1.58% | -3.11% | -3.28% | 3.11% | 6.18% | 2.74% | 1.27% | -0.66% | 3.07% | 5.94% | 15.25% |
| 2023 | -2.21% | 0.34% | -3.34% | 9.18% | -5.63% | 3.14% | 4.91% | -2.21% | 1.73% | -9.74% | 7.39% | 0.92% | 2.91% |
| 2022 | 3.47% | 4.90% | 8.32% | -0.95% | -7.81% | -8.50% | 6.18% | -1.03% | -6.92% | 3.29% | 1.47% | -6.02% | -5.36% |
| 2021 | 10.05% | -1.36% | 4.61% | 0.37% | 10.48% | -1.54% | 0.07% | 5.45% | -0.47% | -0.27% | 12.03% | -0.91% | 44.16% |
Benchmark Metrics
iShares MSCI UAE ETF has an annualized alpha of -2.72%, beta of 0.53, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since May 01, 2014.
- This ETF participated in 57.68% of S&P 500 Index downside but only 31.61% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.53 may look defensive, but with R2 of 0.18 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 0.18 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
- -2.72%
- Beta
- 0.53
- R²
- 0.18
- Upside Capture
- 31.61%
- Downside Capture
- 57.68%
Expense Ratio
UAE has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UAE ranks 10 for risk / return — above 10% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) 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.
| UAE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.00 | -2.06 |
| Martin ratioReturn relative to average drawdown | -0.14 | 8.49 | -8.63 |
Dividends
Dividend History
iShares MSCI UAE ETF provided a 4.50% dividend yield over the last twelve months, with an annual payout of $0.85 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 | $0.85 | $0.78 | $0.55 | $0.48 | $0.40 | $0.79 | $0.56 | $0.48 | $0.76 | $0.57 | $0.78 | $0.60 |
Dividend yield | 4.50% | 4.10% | 3.32% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI UAE 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 | $0.66 | $0.00 | $0.66 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.55 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.40 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.79 |
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 UAE 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 UAE ETF was 60.49%, occurring on Mar 18, 2020. Recovery took 513 trading sessions.
The current iShares MSCI UAE ETF drawdown is 11.87%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-60.49%Mar 2020 | 5y 9mo | 2y 12d | 7y 9moJun 2014 - Mar 2022 | COVID crash2020 |
-27.47%Oct 2023 | 1y 6mo | 1y 3mo | 2y 10moApr 2022 - Feb 2025 | — |
-21.50%Mar 2026 | 29d | — | 5mo 14dFeb 2026 - now | — |
-11.93%Apr 2025 | 1mo 16d | 21d | 2mo 7dFeb 2025 - Apr 2025 | 2025 selloff2025 |
-10.19%May 2014 | 14d | 13d | 27dMay 2014 - Jun 2014 | — |
Drawdown Indicators
| UAE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.49% | -56.78% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -21.50% | -9.10% | -12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -18.90% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -25.43% | -2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -49.71% | -33.92% | -15.79% |
Current DrawdownCurrent decline from peak | -11.87% | -1.58% | -10.29% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -10.70% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 2.14% | +7.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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