iShares MSCI Japan ETF

10-Year Study

EWJ.US · · US · ETF

Executive Summary: iShares MSCI Japan ETF has compounded at 8.9% annually over the last 10 years, with a maximum drawdown of 28.9% and an annualized volatility of 18.3%.

1Y CAGR
+28.8%
3Y CAGR
+18.6%
5Y CAGR
+8.2%
10Y CAGR
+8.9%

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 →
28.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.41
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.59
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
13.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +25.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -17.7%
% 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.
20266.27.8-8.65.9————————10.7%
20251.80.20.14.23.82.0-1.86.32.54.0-0.50.925.8%
20243.24.43.2-5.72.5-0.34.01.4-0.6-4.92.4-2.27.0%
20237.8-4.74.90.30.85.02.5-2.8-2.2-2.26.23.920.3%
2022-4.3-1.8-2.1-8.11.7-7.46.3-4.6-8.82.311.6-2.2-17.7%
2021-0.81.80.4-1.61.7-0.8-0.61.92.7-2.6-3.02.31.2%
2020-2.5-8.3-6.74.87.1-0.1-1.16.81.8-1.410.65.315.4%
20197.10.10.71.3-4.94.5-0.4-0.85.23.41.30.919.3%
20185.0-3.0-0.6-0.1-1.5-2.31.1-0.53.5-8.90.9-7.7-14.1%
20173.51.30.50.72.81.32.1-0.11.85.32.10.724.3%
2016———0.13.2-1.74.91.82.10.7-1.2-0.99.2%

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 18.3%. The dominant macroeconomic risk driver is VEA.US, accounting for 69.3% of variance. Idiosyncratic stock-specific factors contribute 6.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110008.763819095477
2016-05-0110333.051926298158
2016-06-0110158.123953098828
2016-07-0110652.78391959799
2016-08-0110847.115577889448
2016-09-0111076.770519262982
2016-10-0111156.261306532664
2016-11-0111017.139028475713
2016-12-0110915.564489112228
2017-01-0111297.581239530988
2017-02-0111445.03852596315
2017-03-0111505.366834170854
2017-04-0111585.795644891125
2017-05-0111905.259631490788
2017-06-0112062.927973199328
2017-07-0112312.49581239531
2017-08-0112301.239530988274
2017-09-0112526.09715242881
2017-10-0113187.135678391962
2017-11-0113470.445561139028
2017-12-0113564.301507537688
2018-01-0114245.574539363484
2018-02-0113822.338358458961
2018-03-0113734.056951423785
2018-04-0113725.02512562814
2018-05-0113521.31323283082
2018-06-0113208.683417085427
2018-07-0113350.083752093802
2018-08-0113279.383584589614
2018-09-0113737.835845896148
2018-10-0112508.435510887772
2018-11-0112622.499162479064
2018-12-0111651.778894472362
2019-01-0112476.998324958124
2019-02-0112495.383584589614
2019-03-0112578.144053601342
2019-04-0112739.05527638191
2019-05-0112118.405360134004
2019-06-0112660.20770519263
2019-07-0112606.847571189279
2019-08-0112507.122278056953
2019-09-0113161.219430485762
2019-10-0113611.22948073702
2019-11-0113785.192629815745
2019-12-0113905.072026800668
2020-01-0113555.323283082076
2020-02-0112430.981574539364
2020-03-0111593.031825795646
2020-04-0112149.333333333334
2020-05-0113006.070351758794
2020-06-0112993.286432160805
2020-07-0112853.681742043551
2020-08-0113726.686767169178
2020-09-0113975.102177554438
2020-10-0113778.733668341709
2020-11-0115233.742043551088
2020-12-0116046.552763819096
2021-01-0115911.182579564489
2021-02-0116203.309882747068
2021-03-0116274.572864321608
2021-04-0116013.293132328308
2021-05-0116288.83082077052
2021-06-0116160.053601340032
2021-07-0116057.165829145728
2021-08-0116365.829145728643
2021-09-0116808.469011725294
2021-10-0116365.829145728643
2021-11-0115870.552763819094
2021-12-0116231.959798994974
2022-01-0115533.802345058628
2022-02-0115257.460636515914
2022-03-0114935.048576214405
2022-04-0113725.400335008375
2022-05-0113962.96147403685
2022-06-0112931.05527638191
2022-07-0113743.6783919598
2022-08-0113117.078726968175
2022-09-0111956.877721943049
2022-10-0112235.899497487437
2022-11-0113657.996649916246
2022-12-0113355.175879396986
2023-01-0114392.871021775543
2023-02-0113723.149078726969
2023-03-0114397.775544388609
2023-04-0114434.572864321608
2023-05-0114557.239530988272
2023-06-0115289.701842546065
2023-07-0115665.15242881072
2023-08-0115225.460636515912
2023-09-0114892.006700167505
2023-10-0114563.484087102179
2023-11-0115465.058626465661
2023-12-0116065.152428810721
2024-01-0116583.63819095477
2024-02-0117312.50921273032
2024-03-0117871.061976549412
2024-04-0116849.1256281407
2024-05-0117274.93467336683
2024-06-0117218.412060301507
2024-07-0117907.242881072027
2024-08-0118159.571189279734
2024-09-0118051.05527638191
2024-10-0117175.504187604693
2024-11-0117584.268006700167
2024-12-0117195.336683417085
2025-01-0117505.42043551089
2025-02-0117546.425460636518
2025-03-0117569.47403685092
2025-04-0118304.9648241206
2025-05-0118994.30485762144
2025-06-0119367.691792294805
2025-07-0119018.934673366835
2025-08-0120222.79396984925
2025-09-0120721.39363484087
2025-10-0121558.43216080402
2025-11-0121444.743718592963
2025-12-0121638.860971524286
2026-01-0122973.534338358455
2026-02-0124755.77889447236
2026-03-0122630.485762144053
2026-04-0123962.479061976548
Annual Return Matrix
YearAnnual Return
20170.24265689796138834
2018-0.14099676360058322
20190.1933861904466172
20200.15400716608234255
20210.011554321847488946
2022-0.17722961091710632
20230.20291582633474814
20240.07035004862945016
20250.25841449748363843
20260.10738171909834038
Total Factor Risk
0.1833694295152606
VTI.US Exposure
0.16102225007382573
VEA.US Exposure
0.693197873831866
VWO.US Exposure
0.00449937831989042
QQQ.US Exposure
0.019285480672849926
VTV.US Exposure
-0.05197399107694268
IJR.US Exposure
-0.008808151205275337
QUAL.US Exposure
-0.10286008423466021
SHV.US Exposure
0.23597850554512015
TLT.US Exposure
-0.042294544973754844
LQD.US Exposure
0.15672368491539418
HYG.US Exposure
-0.04688464264931115
GLD.US Exposure
0.004129521062682516
USO.US Exposure
0.005034788460918287
VNQ.US Exposure
-0.030032927090310278
BTC-USD.CC Exposure
-0.005748237253998349
CPER.US Exposure
-0.03626020703556345
VIX.INDX Exposure
-0.0041692287860817774
UUP.US Exposure
-0.029794835458821747
TIP.US Exposure
0.011859587940665108
Idiosyncratic Exposure
0.06709577894150778
Value Score
43.8
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
47.4
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
18.3%

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 →15.5x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.95%
Market Cap$47.7B
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 →
+2.0%
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 →
+11.0%
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 →
0.84
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Japan ETF a high-risk investment?

iShares MSCI Japan ETF (EWJ.US) has an annualized volatility of 18.3% and experienced a maximum drawdown of 28.9% over the last 10 years. Its primary macro risk driver is VEA.US.

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

Over the past 10 years, EWJ.US has generated a Compound Annual Growth Rate (CAGR) of 8.9%. 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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