EWT: iShares MSCI Taiwan ETF returns, drawdowns and risk
Funds on emerging and Asian markets, as a block or country by country.
Data updated October 2026
EWT · US exchange · USDCategory: Emerging markets and Asia ETFsData from October 2006
From October 2006 to October 2026 EWT returned 13.4% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $123,874.
Its deepest fall was 61.9%, from October 2007 to November 2008, and it took about 36 months to get back to the previous high. Annual volatility was 25.7%; at the last close it was 9.0% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 240 months both have data, the correlation of monthly returns was 0.70: they usually moved together. Beta was 1.07. In months when SPY rose, EWT moved 110% as much on average; in months when SPY fell, 93% as much.
Key figures
- Annual return (CAGR)
- +13.4%
- 1-year return
- +69.7%
- 5 years, a year
- +20.4%
- 10 years, a year
- +19.0%
- Annual volatility
- 25.7%
- Maximum drawdown
- −61.9%
- Sharpe ratio
- 0.56
- Worst year
- 2008: −40.5%
Trailing returns
| Period | EWT | SPY |
|---|---|---|
| 1 year | +69.7% | +16.6% |
| 3 years, a year | +43.4% | +23.1% |
| 5 years, a year | +20.4% | +12.7% |
| 10 years, a year | +19.0% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: EWT vs SPY
Month-end values from November 2006, the first month both funds have data.
EWT drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | EWT | SPY |
|---|---|---|
| 2026(partial) | +68.9% | +13.3% |
| 2025 | +28.4% | +17.7% |
| 2024 | +16.1% | +24.9% |
| 2023 | +29.0% | +26.2% |
| 2022 | −28.9% | −18.2% |
| 2021 | +29.0% | +28.7% |
| 2020 | +31.7% | +18.3% |
| 2019 | +33.4% | +31.2% |
| 2018 | −9.9% | −4.6% |
| 2017 | +26.8% | +21.7% |
| 2016 | +17.7% | +12.0% |
| 2015 | −10.1% | +1.2% |
| 2014 | +9.0% | +13.5% |
| 2013 | +10.0% | +32.3% |
| 2012 | +21.1% | +16.0% |
| 2011 | −18.2% | +1.9% |
| 2010 | +25.2% | +15.1% |
| 2009 | +76.8% | +26.4% |
| 2008 | −40.5% | −36.8% |
| 2007 | +9.3% | +5.1% |
| 2006(partial) | +14.4% | — |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of EWT?
From October 2006 to October 2026 EWT returned 13.4% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +20.4% a year. Over the last 12 months: +69.7%.
What was the worst drawdown of EWT?
61.9%, from October 2007 to November 2008; it took about 36 months from the previous high to get back to it.
How volatile is EWT?
Annual volatility was 25.7% over the period. Its worst month was −18.4% and 57% of months were positive. Worst calendar year: 2008 (−40.5%).
How closely does EWT follow SPY?
Over 240 months the correlation of monthly returns was 0.70, so they usually moved together, with a beta of 1.07.
Use EWT in a free tool
Other Emerging markets and Asia ETFs
- All Emerging markets and Asia ETFsReturns and risk side by side
- VWO — Vanguard FTSE Emerging Markets ETFCAGR +9.6%
- IEMG — iShares Core MSCI Emerging Markets ETFCAGR +6.0%
- EIMI — iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)CAGR +7.3%
- EEM — iShares MSCI Emerging Markets ETFCAGR +5.2%
- VFEM — Vanguard FTSE Emerging Markets UCITS ETF (Dist)CAGR +5.1%
- XMME — Xtrackers MSCI Emerging Markets UCITS ETF 1CCAGR +6.2%
- INDA — iShares MSCI India ETFCAGR +5.0%
- MCHI — iShares MSCI China ETFCAGR +2.6%
- FXI — iShares China Large-Cap ETFCAGR +3.0%
- KWEB — KraneShares CSI China Internet ETFCAGR +1.3%
- EWY — iShares MSCI South Korea ETFCAGR +7.8%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.