iShares MSCI Austria ETF (EWO) Performance
EWO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.4% since Dec 31, 2025
- 1 year
- +28.1% total return
- 5 years
- +13.6% a year
- 10 years
- +12.9% a year
- Since first price
- +7.2% a year since 1996
EWO trailing returns vs SPY, QQQ, AGG
| Period | EWO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.8% | −10.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.3% | −7.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.6% | +0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +11.4% | +9.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +28.1% | +25.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +135.4%+33.0%/yr | +102.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +89.2%+13.6%/yr | +49.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +237.6%+12.9%/yr | +137.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +292.3%+9.5%/yr | +143.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +124.6%+4.1%/yr | +18.3% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| 30 years | +787.3%+7.5%/yr | +277.9% | — | — | — |
| Since inceptionMar 18, 1996 | +747.5%+7.2%/yr | +256.1% | — | — | — |
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: EWO vs SPY
From Mar 18, 1996: EWO grew to $84,747, SPY to $196,507.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EWO returns by calendar year
20 of 29 full years positive. Best 2025 (+74.2%), worst 2008 (−63.1%). 2026 is year to date.
EWO annual returns table
| Year | EWO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.4% | −14.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +74.2% | −16.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.1% | −11.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.6% | −13.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −21.9% | −41.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.5% | −9.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.7% | −49.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.1% | −12.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −22.9% | −33.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +52.5% | −4.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.9% | −16.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +4.6% | −18.3% | +1.2% | +9.4% | +0.5% |
| 2014 | −20.9% | −26.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +11.5% | −12.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +30.9% | −21.5% | +16.0% | +18.1% | +3.8% |
| 2011 | −34.2% | −45.9% | +1.9% | +3.4% | +7.7% |
| 2010 | +15.8% | −30.7% | +15.1% | +19.9% | +6.4% |
| 2009 | +57.9% | −30.8% | +26.4% | +54.7% | +3.0% |
| 2008 | −63.1% | −74.2% | −36.8% | −41.7% | +7.9% |
| 2007 | +1.7% | −16.7% | +5.1% | +19.0% | +6.6% |
| 2006 | +36.8% | −23.6% | +15.8% | +7.1% | +3.9% |
| 2005 | +21.1% | −14.8% | +4.8% | +1.6% | +2.3% |
| 2004 | +73.1% | −10.6% | +10.7% | +10.5% | +3.8% |
| 2003 | +57.1% | −6.5% | +28.2% | +49.7% | — |
| 2002 | +19.7% | −23.3% | −21.6% | −37.4% | — |
| 2001 | −2.1% | −21.6% | −11.8% | −33.3% | — |
| 2000 | −8.0% | −27.9% | −9.7% | −36.1% | — |
| 1999 | −14.3% | −20.8% | +20.4% | — | — |
| 1998 | +4.0% | −33.3% | +28.7% | — | — |
| 1997 | +2.7% | −14.0% | +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.
EWO largest drawdowns
Now 13.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −75.7% | Mar 9, 2009 | Feb 14, 2025 | 1.8 years | 17.7 years |
| May 26, 1998 | −43.4% | Oct 18, 2000 | Oct 16, 2003 | 2.4 years | 5.4 years |
| May 5, 2006 | −23.6% | Jun 13, 2006 | Nov 29, 2006 | 39 days | 7 months |
| Mar 18, 2025 | −16.7% | Apr 8, 2025 | May 5, 2025 | 21 days | 48 days |
| Mar 7, 2005 | −14.8% | May 13, 2005 | Aug 1, 2005 | 2 months | 5 months |
| Feb 11, 2026 | −14.1% | Mar 20, 2026 | Apr 14, 2026 | 37 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EWO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 1996 |
|---|---|---|---|---|
| Annualized return | +36.0% | +16.8% | +14.0% | +7.5% |
| Volatility (annualized) | 14.9% | 20.7% | 22.5% | 24.1% |
| Sharpe ratio | 1.86 | 0.69 | 0.60 | — |
| Sortino ratio | 4.16 | 1.08 | 0.92 | — |
| Best month | +10.1% | +15.5% | +26.9% | +26.9% |
| Worst month | −6.4% | −14.2% | −27.6% | −35.8% |
| Best 12 months | +74.7% | +74.7% | +82.4% | +89.9% |
| Worst 12 months | +4.1% | −35.2% | −35.2% | −67.9% |
| Positive months | 72% | 62% | 62% | 57% |
| Beta vs S&P 500 | 0.47 | 0.82 | 1.01 | — |
| Correlation with S&P 500 | 0.39 | 0.62 | 0.69 | — |
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.
EWO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 356 | −67.9% | +8.3% | +89.9% | 63% |
| 3-year (a year) | 332 | −28.3% | +4.0% | +54.4% | 60% |
| 5-year (a year) | 308 | −16.9% | +4.1% | +40.9% | 65% |
| 10-year (a year) | 248 | −5.2% | +6.3% | +17.6% | 82% |
Every holding period starting at a month-end since 1996. Returns for 3 years and longer are annualized.
EWO performance overview
iShares MSCI Austria ETF (EWO) returned +28.1% over the past year and +12.9% a year over ten years, with distributions reinvested. Since its first recorded price in 1996 it has returned +7.2% a year, turning $10,000 into about $84,747. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −75.7%, from Jun 4, 2007 to Mar 9, 2009, and it took 15.9 years to get back to the old high. EWO finished 20 of its 29 full calendar years with a gain; the best year was 2025 (+74.2%) and the worst 2008 (−63.1%). Volatility has been 24.1% a year.
Related: EWO chart, EWO holdings, EWO dividends. See the EWO overview for the latest quote and fund facts.
EWO performance FAQ
What is the EWO return over the past year?
EWO returned +28.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 25.5%.
What is the average annual return of EWO?
EWO has returned +13.6% a year over 5 years, +12.9% a year over 10 years, +7.2% a year since March 18, 1996 (total return, distributions reinvested).
How much would $10,000 invested in EWO be worth?
$10,000 invested in EWO at its first recorded close on March 18, 1996 would be worth about $84,747 on October 23, 2026 with distributions reinvested.
What was the worst year for EWO?
The worst calendar year was 2008, with a total return of −63.1%. The best was 2025 at +74.2%.
What is the biggest drawdown of EWO?
The largest peak-to-trough decline was −75.7% between June 4, 2007 and March 9, 2009. It recovered to the old high on February 14, 2025, 15.9 years after the bottom.
How volatile is EWO?
Over the past 3 years EWO had an annualized volatility of 14.9% and a Sharpe ratio of 1.86 (excess return over 1–3 month T-bills per unit of risk).