iShares MSCI Mexico ETF (EWW) Performance
EWW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.2% since Dec 31, 2025
- 1 year
- +17.9% total return
- 5 years
- +12.3% a year
- 10 years
- +6.5% a year
- Since first price
- +9.0% a year since 1996
EWW trailing returns vs SPY, QQQ, AGG
| Period | EWW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.5% | +2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.3% | +0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.6% | −3.0% | +7.8% | +8.4% | −1.5% |
| YTD | +10.2% | +8.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.9% | +14.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.9%+16.2%/yr | +41.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +78.8%+12.3%/yr | +51.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +88.4%+6.5%/yr | +44.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +104.2%+4.9%/yr | +44.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +147.8%+4.6%/yr | +60.9% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| 30 years | +1,224.4%+9.0%/yr | +580.3% | +1,693.8%+10.1%/yr | — | — |
| Since inceptionMar 18, 1996 | +1,314.0%+9.0%/yr | +625.4% | — | — | — |
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: EWW vs SPY
From Mar 18, 1996: EWW grew to $141,397, SPY to $196,507.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EWW returns by calendar year
17 of 29 full years positive. Best 1999 (+77.4%), worst 2008 (−41.1%). 2026 is year to date.
EWW annual returns table
| Year | EWW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.2% | −14.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +53.6% | −11.4% | +17.7% | +20.8% | +7.2% |
| 2024 | −28.2% | −31.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +40.3% | −18.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +1.2% | −19.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.3% | −13.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.1% | −47.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +12.6% | −17.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.6% | −29.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +14.5% | −16.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −10.3% | −20.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −14.2% | −19.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −11.6% | −23.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −1.6% | −23.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +32.8% | −15.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −12.0% | −26.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +27.9% | −17.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +53.9% | −37.0% | +26.4% | +54.7% | +3.0% |
| 2008 | −41.1% | −60.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +11.4% | −18.2% | +5.1% | +19.0% | +6.6% |
| 2006 | +44.8% | −28.1% | +15.8% | +7.1% | +3.9% |
| 2005 | +43.8% | −16.1% | +4.8% | +1.6% | +2.3% |
| 2004 | +49.0% | −18.1% | +10.7% | +10.5% | +3.8% |
| 2003 | +43.5% | −15.9% | +28.2% | +49.7% | — |
| 2002 | −14.7% | −33.1% | −21.6% | −37.4% | — |
| 2001 | +15.4% | −30.5% | −11.8% | −33.3% | — |
| 2000 | −23.9% | −36.0% | −9.7% | −36.1% | — |
| 1999 | +77.4% | −27.4% | +20.4% | — | — |
| 1998 | −35.3% | −55.9% | +28.7% | — | — |
| 1997 | +47.2% | −26.0% | +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.
EWW largest drawdowns
Now 6.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 6, 2007 | −64.9% | Mar 9, 2009 | Dec 13, 2010 | 1.7 years | 3.4 years |
| Apr 11, 2013 | −62.2% | Mar 23, 2020 | May 9, 2023 | 6.9 years | 10.1 years |
| Oct 16, 1997 | −58.5% | Sep 10, 1998 | Dec 8, 1999 | 11 months | 2.1 years |
| Mar 9, 2000 | −40.9% | Feb 12, 2003 | Jan 7, 2004 | 2.9 years | 3.8 years |
| Apr 8, 2024 | −31.2% | Dec 30, 2024 | Sep 15, 2025 | 9 months | 1.4 years |
| May 9, 2006 | −28.1% | Jun 13, 2006 | Oct 5, 2006 | 35 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EWW risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 1996 |
|---|---|---|---|---|
| Annualized return | +10.7% | +11.6% | +6.7% | +8.8% |
| Volatility (annualized) | 20.4% | 22.2% | 24.1% | 26.2% |
| Sharpe ratio | 0.38 | 0.44 | 0.30 | — |
| Sortino ratio | 0.63 | 0.75 | 0.42 | — |
| Best month | +15.4% | +16.6% | +18.8% | +20.6% |
| Worst month | −12.1% | −12.1% | −31.9% | −35.3% |
| Best 12 months | +66.2% | +66.2% | +66.2% | +106.9% |
| Worst 12 months | −28.2% | −28.2% | −34.7% | −56.1% |
| Positive months | 53% | 53% | 61% | 58% |
| Beta vs S&P 500 | 0.54 | 0.77 | 0.88 | — |
| Correlation with S&P 500 | 0.33 | 0.54 | 0.56 | — |
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.
EWW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 356 | −56.1% | +10.6% | +106.9% | 61% |
| 3-year (a year) | 332 | −15.9% | +6.2% | +52.8% | 71% |
| 5-year (a year) | 308 | −11.4% | +7.4% | +41.1% | 75% |
| 10-year (a year) | 248 | −4.4% | +6.7% | +23.4% | 85% |
Every holding period starting at a month-end since 1996. Returns for 3 years and longer are annualized.
EWW performance overview
iShares MSCI Mexico ETF (EWW) returned +17.9% over the past year and +6.5% a year over ten years, with distributions reinvested. Since its first recorded price in 1996 it has returned +9.0% a year, turning $10,000 into about $141,397. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −64.9%, from Jul 6, 2007 to Mar 9, 2009, and it took 1.8 years to get back to the old high. EWW finished 17 of its 29 full calendar years with a gain; the best year was 1999 (+77.4%) and the worst 2008 (−41.1%). Volatility has been 26.2% a year.
Related: EWW chart, EWW holdings, EWW dividends. See the EWW overview for the latest quote and fund facts.
EWW performance FAQ
What is the EWW return over the past year?
EWW returned +17.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.0%.
What is the average annual return of EWW?
EWW has returned +12.3% a year over 5 years, +6.5% a year over 10 years, +9.0% a year since March 18, 1996 (total return, distributions reinvested).
How much would $10,000 invested in EWW be worth?
$10,000 invested in EWW at its first recorded close on March 18, 1996 would be worth about $141,397 on October 23, 2026 with distributions reinvested.
What was the worst year for EWW?
The worst calendar year was 2008, with a total return of −41.1%. The best was 1999 at +77.4%.
What is the biggest drawdown of EWW?
The largest peak-to-trough decline was −64.9% between July 6, 2007 and March 9, 2009. It recovered to the old high on December 13, 2010, 1.8 years after the bottom.
How volatile is EWW?
Over the past 3 years EWW had an annualized volatility of 20.4% and a Sharpe ratio of 0.38 (excess return over 1–3 month T-bills per unit of risk).