iShares MSCI Netherlands ETF (EWN) Performance
EWN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.9% since Dec 31, 2025
- 1 year
- +13.6% total return
- 5 years
- +6.5% a year
- 10 years
- +12.4% a year
- Since first price
- +7.4% a year since 1996
EWN trailing returns vs SPY, QQQ, AGG
| Period | EWN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.2% | −5.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.0% | −5.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +2.4% | +7.8% | +8.4% | −1.5% |
| YTD | +12.9% | +11.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.6% | +8.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.9%+23.6%/yr | +73.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +37.2%+6.5%/yr | +21.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +223.2%+12.4%/yr | +160.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +374.9%+10.9%/yr | +244.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +315.1%+7.4%/yr | +154.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| 30 years | +689.3%+7.1%/yr | +248.2% | +1,693.8%+10.1%/yr | — | — |
| Since inceptionMar 18, 1996 | +796.3%+7.4%/yr | +288.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EWN vs SPY
From Mar 18, 1996: EWN grew to $89,628, SPY to $196,507.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EWN returns by calendar year
21 of 29 full years positive. Best 2009 (+40.8%), worst 2008 (−47.5%). 2026 is year to date.
EWN annual returns table
| Year | EWN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.9% | −13.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +34.9% | −15.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.7% | −15.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.1% | −19.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.4% | −40.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +22.7% | −11.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +23.2% | −35.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.5% | −7.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −15.4% | −24.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +33.7% | −2.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +4.1% | −13.1% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.5% | −15.3% | +1.2% | +9.4% | +0.5% |
| 2014 | −5.8% | −14.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +28.7% | −9.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +22.1% | −18.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −16.0% | −33.9% | +1.9% | +3.4% | +7.7% |
| 2010 | +4.9% | −21.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +40.8% | −31.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −47.5% | −58.5% | −36.8% | −41.7% | +7.9% |
| 2007 | +17.9% | −13.2% | +5.1% | +19.0% | +6.6% |
| 2006 | +31.7% | −15.4% | +15.8% | +7.1% | +3.9% |
| 2005 | +13.0% | −10.6% | +4.8% | +1.6% | +2.3% |
| 2004 | +14.2% | −13.5% | +10.7% | +10.5% | +3.8% |
| 2003 | +28.8% | −29.8% | +28.2% | +49.7% | — |
| 2002 | −20.7% | −36.5% | −21.6% | −37.4% | — |
| 2001 | −23.9% | −40.7% | −11.8% | −33.3% | — |
| 2000 | −8.6% | −18.8% | −9.7% | −36.1% | — |
| 1999 | +5.7% | −18.6% | +20.4% | — | — |
| 1998 | +23.9% | −27.8% | +28.7% | — | — |
| 1997 | +20.0% | −11.7% | +33.5% | — | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EWN largest drawdowns
Now 10.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 12, 2007 | −65.2% | Mar 9, 2009 | Apr 23, 2015 | 1.4 years | 7.5 years |
| Jan 3, 2000 | −59.8% | Mar 12, 2003 | Mar 20, 2006 | 3.2 years | 6.2 years |
| Sep 7, 2021 | −43.6% | Oct 14, 2022 | May 15, 2024 | 1.1 years | 2.7 years |
| Feb 12, 2020 | −35.3% | Mar 18, 2020 | Jul 20, 2020 | 35 days | 5 months |
| Jul 20, 1998 | −27.8% | Oct 5, 1998 | Jan 3, 2000 | 3 months | 1.5 years |
| Jan 26, 2018 | −24.0% | Dec 24, 2018 | Nov 5, 2019 | 11 months | 1.8 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EWN risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 1996 |
|---|---|---|---|---|
| Annualized return | +24.8% | +9.2% | +12.9% | +7.6% |
| Volatility (annualized) | 17.3% | 22.2% | 19.8% | 20.5% |
| Sharpe ratio | 1.12 | 0.35 | 0.60 | — |
| Sortino ratio | 2.09 | 0.54 | 0.95 | — |
| Best month | +12.6% | +19.0% | +19.0% | +19.0% |
| Worst month | −8.4% | −10.8% | −14.6% | −25.7% |
| Best 12 months | +41.3% | +41.3% | +79.2% | +79.2% |
| Worst 12 months | −3.7% | −36.9% | −36.9% | −54.3% |
| Positive months | 64% | 57% | 60% | 60% |
| Beta vs S&P 500 | 0.91 | 1.12 | 1.05 | — |
| Correlation with S&P 500 | 0.65 | 0.79 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EWN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 356 | −54.3% | +11.3% | +79.2% | 70% |
| 3-year (a year) | 332 | −22.0% | +7.3% | +31.2% | 75% |
| 5-year (a year) | 308 | −12.7% | +6.5% | +24.4% | 78% |
| 10-year (a year) | 248 | −3.9% | +6.8% | +14.2% | 95% |
Every holding period starting at a month-end since 1996. Returns for 3 years and longer are annualized.
EWN performance overview
iShares MSCI Netherlands ETF (EWN) returned +13.6% over the past year and +12.4% a year over ten years, with distributions reinvested. Since its first recorded price in 1996 it has returned +7.4% a year, turning $10,000 into about $89,628. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −65.2%, from Oct 12, 2007 to Mar 9, 2009, and it took 6.1 years to get back to the old high. EWN finished 21 of its 29 full calendar years with a gain; the best year was 2009 (+40.8%) and the worst 2008 (−47.5%). Volatility has been 20.5% a year.
Related: EWN chart, EWN holdings, EWN dividends. See the EWN overview for the latest quote and fund facts.
EWN performance FAQ
What is the EWN return over the past year?
EWN returned +13.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.3%.
What is the average annual return of EWN?
EWN has returned +6.5% a year over 5 years, +12.4% a year over 10 years, +7.4% a year since March 18, 1996 (total return, distributions reinvested).
How much would $10,000 invested in EWN be worth?
$10,000 invested in EWN at its first recorded close on March 18, 1996 would be worth about $89,628 on October 23, 2026 with distributions reinvested.
What was the worst year for EWN?
The worst calendar year was 2008, with a total return of −47.5%. The best was 2009 at +40.8%.
What is the biggest drawdown of EWN?
The largest peak-to-trough decline was −65.2% between October 12, 2007 and March 9, 2009. It recovered to the old high on April 23, 2015, 6.1 years after the bottom.
How volatile is EWN?
Over the past 3 years EWN had an annualized volatility of 17.3% and a Sharpe ratio of 1.12 (excess return over 1–3 month T-bills per unit of risk).