iShares MSCI Germany ETF

10-Year Study

EWG.US · · US · ETF

Executive Summary: iShares MSCI Germany ETF has compounded at 7.7% annually over the last 10 years, with a maximum drawdown of 41.7% and an annualized volatility of 19.4%.

1Y CAGR
+2.8%
3Y CAGR
+18.0%
5Y CAGR
+6.1%
10Y CAGR
+7.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
41.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.26
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.41
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
19.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +35.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -22.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20261.42.9-10.56.8————————-0.3%
20258.84.22.86.56.32.5-2.71.8-0.6-2.10.53.935.8%
2024-2.15.43.6-4.15.3-2.21.64.93.7-4.5-0.2-1.49.8%
202313.4-2.74.33.3-4.94.92.6-4.8-6.2-3.912.84.523.3%
2022-2.3-9.2-2.4-8.45.1-13.32.5-7.4-9.610.516.4-2.6-22.3%
2021-1.01.74.53.53.4-1.7-0.21.2-5.82.6-5.83.95.8%
2020-3.0-8.1-18.19.89.46.24.26.5-3.2-9.816.35.310.6%
20195.71.9-1.47.0-6.57.1-4.4-2.12.56.11.41.619.2%
20186.0-7.4-1.21.3-2.5-3.04.4-3.4-1.6-8.4-1.5-5.6-21.4%
20173.90.04.53.24.5-0.51.50.25.42.00.5-0.427.4%
2016———1.9-1.1-5.06.72.20.2-1.4-4.26.75.5%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 19.4%. The dominant macroeconomic risk driver is VEA.US, accounting for 83.3% of variance. Idiosyncratic stock-specific factors contribute 7.2%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110194.310401204903
2016-05-0110077.68452551996
2016-06-019575.014119955213
2016-07-0110211.997502997394
2016-08-0110434.993707949783
2016-09-0110458.873772554769
2016-10-0110315.543841222343
2016-11-019885.554047225058
2016-12-0110546.120232657226
2017-01-0110956.34208935702
2017-02-0110960.30558555702
2017-03-0111450.193715876776
2017-04-0111820.58243576659
2017-05-0112354.267199096323
2017-06-0112288.076812556354
2017-07-0112466.681860068767
2017-08-0112486.994778093756
2017-09-0113164.950803103417
2017-10-0113424.75797901329
2017-11-0113493.772356595753
2017-12-0113438.283409795778
2018-01-0114248.124770860375
2018-02-0113198.1450837784
2018-03-0113039.45660467098
2018-04-0113210.382378295895
2018-05-0112876.655998256061
2018-06-0112491.899604641252
2018-07-0113046.095460805975
2018-08-0112596.090010998701
2018-09-0112391.920412996304
2018-10-0111354.376195241823
2018-11-0111183.549509021908
2018-12-0110562.717372994719
2019-01-0111162.741153971918
2019-02-0111375.234093994313
2019-03-0111216.892420804392
2019-04-0112000.2279010315
2019-05-0111216.892420804392
2019-06-0112007.808087513997
2019-07-0111481.257617344258
2019-08-0111237.254882531883
2019-09-0111519.80261788924
2019-10-0112221.83688231389
2019-11-0112388.799159738806
2019-12-0112585.735377176208
2020-01-0112213.265821781391
2020-02-0111224.423063584387
2020-03-019195.261640292902
2020-04-0110094.281665857454
2020-05-0111040.318665094479
2020-06-0111727.737537281637
2020-07-0112220.895551966389
2020-08-0113021.22452215099
2020-09-0112601.5893619762
2020-10-0111368.694325264314
2020-11-0113220.24157509339
2020-12-0113917.91599369804
2021-01-0113782.116705145609
2021-02-0114023.09727410549
2021-03-0114649.527848515174
2021-04-0115166.466840399917
2021-05-0115674.636596942164
2021-06-0115415.374401759791
2021-07-0115379.70293595981
2021-08-0115571.288433527216
2021-09-0114666.868144390166
2021-10-0115045.580206299977
2021-11-0114172.322906035413
2021-12-0114730.482258400132
2022-01-0114384.469040140306
2022-02-0113067.795602500966
2022-03-0112757.751112256119
2022-04-0111688.201662686655
2022-05-0112281.38841271886
2022-06-0110650.508813824676
2022-07-0110914.329029637041
2022-08-0110108.946601797446
2022-09-019136.94870245043
2022-10-0110099.681929429951
2022-11-0111752.113038911624
2022-12-0111450.540521794275
2023-01-0112983.174958631007
2023-02-0112635.873604106182
2023-03-0113177.63399094341
2023-04-0113617.482981738192
2023-05-0112955.380941528523
2023-06-0113590.184401660705
2023-07-0113946.948603363026
2023-08-0113281.031698060859
2023-09-0112462.86699497627
2023-10-0111977.635972691509
2023-11-0113514.085274620744
2023-12-0114123.720533882937
2024-01-0113828.786872900584
2024-02-0114575.608644385211
2024-03-0115103.645425629948
2024-04-0114489.997126465256
2024-05-0115251.137027972374
2024-06-0114922.018212265039
2024-07-0115160.81885831492
2024-08-0115901.546754392046
2024-09-0116491.215901546755
2024-10-0115750.488005469624
2024-11-0115726.112503839639
2024-12-0115506.832076574747
2025-01-0116876.22001367406
2025-02-0117577.957015883712
2025-03-0118070.173700220963
2025-04-0119244.60716798288
2025-05-0120453.225790469773
2025-06-0120961.94052773952
2025-07-0120387.233578739804
2025-08-0120748.902606989628
2025-09-0120615.134610239693
2025-10-0120179.150028239907
2025-11-0120273.283062989864
2025-12-0121056.073562489473
2026-01-0121358.29014773932
2026-02-0121967.677688489017
2026-03-0119653.986781740172
2026-04-0120986.71237898951
Annual Return Matrix
YearAnnual Return
20170.27423954149343466
2018-0.21398313676767156
20190.19152439024390255
20200.10584845276007426
20210.05838275393169634
2022-0.22266356790426578
20230.2334544825199032
20240.0979282717591099
20250.3578578434661479
2026-0.0032941176470588918
Total Factor Risk
0.19388170893090625
VTI.US Exposure
-0.005888794086520091
VEA.US Exposure
0.8327200514855007
VWO.US Exposure
-0.026028209857063934
QQQ.US Exposure
-0.029287416637415697
VTV.US Exposure
-0.046076797119149034
IJR.US Exposure
-0.03156009242731124
QUAL.US Exposure
0.08331705601081157
SHV.US Exposure
0.008430603031487682
TLT.US Exposure
-0.04147393607717023
LQD.US Exposure
0.04268259481497451
HYG.US Exposure
0.09139896686558285
GLD.US Exposure
-0.026746289298371324
USO.US Exposure
0.0201248594674355
VNQ.US Exposure
-0.0341630052185829
BTC-USD.CC Exposure
0.0073303424909580426
CPER.US Exposure
0.04504633425572547
VIX.INDX Exposure
-0.029951515835269376
UUP.US Exposure
0.07685874016658455
TIP.US Exposure
-0.008797720132313369
Idiosyncratic Exposure
0.07206422810010625
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
19.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
4.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.11
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Germany ETF a high-risk investment?

iShares MSCI Germany ETF (EWG.US) has an annualized volatility of 19.4% and experienced a maximum drawdown of 41.7% over the last 10 years. Its primary macro risk driver is VEA.US.

What is the 10-year return of EWG.US?

Over the past 10 years, EWG.US has generated a Compound Annual Growth Rate (CAGR) of 7.7%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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