iShares MSCI Italy ETF

10-Year Study

EWI.US · · US · ETF

Executive Summary: iShares MSCI Italy ETF has compounded at 12.9% annually over the last 10 years, with a maximum drawdown of 33.3% and an annualized volatility of 22.3%.

1Y CAGR
+27.5%
3Y CAGR
+30.4%
5Y CAGR
+15.8%
10Y CAGR
+12.9%

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 →
33.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.50
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.75
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
21.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +55.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -17.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20262.92.6-6.88.4————————6.6%
20257.25.83.74.58.12.60.25.81.8-0.32.24.055.7%
2024-1.36.45.9-3.16.2-5.43.64.60.3-2.4-4.40.510.2%
202312.4-0.91.44.0-6.39.95.2-4.2-5.2-1.710.34.230.6%
2022-1.2-6.7-2.4-7.15.1-14.02.3-6.1-7.112.015.5-1.7-14.2%
2021-3.75.55.30.36.0-2.20.31.4-3.95.8-6.05.814.4%
2020-2.4-5.4-23.81.86.28.42.74.1-5.3-6.425.23.91.7%
20198.13.72.41.8-8.39.9-1.9-0.42.54.70.12.827.0%
201811.0-6.11.44.4-9.8-1.93.4-9.32.1-9.41.4-3.4-17.2%
2017-1.9-0.48.82.85.41.57.11.83.5-1.30.2-1.328.7%
2016———4.2-4.4-8.23.10.9-2.42.4-3.612.33.0%

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 22.3%. The dominant macroeconomic risk driver is VEA.US, accounting for 84.8% of variance. Idiosyncratic stock-specific factors contribute 7.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110418.05222924815
2016-05-019959.050523498567
2016-06-019144.942768368395
2016-07-019431.531671232562
2016-08-019515.785362715875
2016-09-019288.23721980048
2016-10-019507.400196419649
2016-11-019166.020549400691
2016-12-0110297.386240286703
2017-01-0110097.463200032162
2017-02-0110059.155625240499
2017-03-0110948.098117932195
2017-04-0111250.136402533928
2017-05-0111854.098106445668
2017-06-0112036.963650878433
2017-07-0112885.588426173204
2017-08-0113115.089279047996
2017-09-0113578.39843323742
2017-10-0113405.1815733099
2017-11-0113426.83368080084
2017-12-0113252.640465893624
2018-01-0114706.777626538476
2018-02-0113805.60198027763
2018-03-0113997.139854235946
2018-04-0114615.344854322095
2018-05-0113187.339547545616
2018-06-0112930.787918468615
2018-07-0113369.40103493628
2018-08-0112129.602508657972
2018-09-0112380.238575210922
2018-10-0111212.058558325723
2018-11-0111364.19763722095
2018-12-0110975.952951176509
2019-01-0111864.550847993016
2019-02-0112308.849796401271
2019-03-0112598.99952330904
2019-04-0112825.686176536468
2019-05-0111760.310595748837
2019-06-0112925.676412986671
2019-07-0112681.70253335401
2019-08-0112625.41854040674
2019-09-0112935.037934262593
2019-10-0113544.972633344245
2019-11-0113554.334154620168
2019-12-0113937.754498411987
2020-01-0113597.580936956185
2020-02-0112869.966746498045
2020-03-019813.114170356715
2020-04-019992.648621329336
2020-05-0110611.600245811725
2020-06-0111497.900836793651
2020-07-0111808.266855045744
2020-08-0112290.528782370475
2020-09-0111641.137855579871
2020-10-0110891.5269617556
2020-11-0113637.037164665138
2020-12-0114172.998615873235
2021-01-0113648.236530608729
2021-02-0114404.107582832234
2021-03-0115169.512454269256
2021-04-0115217.698444149622
2021-05-0116132.370762188644
2021-06-0115782.089055060678
2021-07-0115830.84937139969
2021-08-0116054.951555563213
2021-09-0115421.526904322955
2021-10-0116313.22616401615
2021-11-0115328.945479189282
2021-12-0116211.685246127603
2022-01-0116023.880494150486
2022-02-0114946.731220960619
2022-03-0114590.99341247552
2022-04-0113553.357799640473
2022-05-0114245.134019079127
2022-06-0112251.761746411896
2022-07-0112536.685102545987
2022-08-0111773.462671651821
2022-09-0110939.08119253146
2022-10-0112251.761746411896
2022-11-0114154.620169196576
2022-12-0113916.217256212778
2023-01-0115636.324999856419
2023-02-0115502.047473825074
2023-03-0115719.028009901387
2023-04-0116354.347938455176
2023-05-0115331.587380899053
2023-06-0116844.133542388165
2023-07-0117727.849664306184
2023-08-0116987.025965299195
2023-09-0116097.968607315772
2023-10-0115822.808800978652
2023-11-0117452.689857969068
2023-12-0118178.925664926457
2024-01-0117943.16465365243
2024-02-0119089.749995692553
2024-03-0120209.514292113923
2024-04-0119582.636962502223
2024-05-0120804.229340041467
2024-06-0119673.49540825996
2024-07-0120381.410201186554
2024-08-0121319.802201967643
2024-09-0121380.1639127713
2024-10-0120864.3038876158
2024-11-0119942.395056197845
2024-12-0120038.307574791663
2025-01-0121475.559537552337
2025-02-0122729.02703354641
2025-03-0123575.756531527648
2025-04-0124628.669228162675
2025-05-0126611.875922511877
2025-06-0127290.959527214458
2025-07-0127353.33138062338
2025-08-0128940.654847028145
2025-09-0129450.886472888924
2025-10-0129371.514556304093
2025-11-0130006.43245633683
2025-12-0131203.15649821672
2026-01-0132093.362509117433
2026-02-0132926.13587415359
2026-03-0130680.5194208492
2026-04-0133247.758690995135
Annual Return Matrix
YearAnnual Return
20170.2869907136283778
2018-0.17179123817448239
20190.26984459211972167
20200.01687819350585129
20210.1438429993192205
2022-0.14159342197092883
20230.306312292358804
20240.10228227696934833
20250.5571752445536127
20260.06552549236149452
Total Factor Risk
0.2226455801730259
VTI.US Exposure
0.3113250393305508
VEA.US Exposure
0.8481583052415423
VWO.US Exposure
-0.024619405658020222
QQQ.US Exposure
-0.05933086404979522
VTV.US Exposure
-0.008422675977678448
IJR.US Exposure
-0.07568085393133753
QUAL.US Exposure
-0.12190591558415827
SHV.US Exposure
0.05780790173204276
TLT.US Exposure
-0.010449667426480262
LQD.US Exposure
-0.01981858557908599
HYG.US Exposure
-0.013996202129442636
GLD.US Exposure
-0.033951743988528224
USO.US Exposure
0.007783062133055714
VNQ.US Exposure
-0.0361604542005332
BTC-USD.CC Exposure
0.006319599788226619
CPER.US Exposure
0.011342391041546943
VIX.INDX Exposure
-0.01115077226827287
UUP.US Exposure
0.10131554003045017
TIP.US Exposure
-0.0036004171672895536
Idiosyncratic Exposure
0.07503571866320714
Value Score
45.2
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
31.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
22.3%

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 →11.9x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.65%
Market Cap$48.6B
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 →
+5.4%
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 →
+10.7%
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 →
0.5% 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 →
1.08
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Italy ETF a high-risk investment?

iShares MSCI Italy ETF (EWI.US) has an annualized volatility of 22.3% and experienced a maximum drawdown of 33.3% over the last 10 years. Its primary macro risk driver is VEA.US.

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

Over the past 10 years, EWI.US has generated a Compound Annual Growth Rate (CAGR) of 12.9%. It has had a positive return in 80% 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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