iShares MSCI Thailand ETF (THD) Performance
THD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +21.6% since Dec 31, 2025
- 1 year
- +22.8% total return
- 5 years
- +1.4% a year
- 10 years
- +2.6% a year
- Since first price
- +4.7% a year since 2008
THD trailing returns vs SPY, QQQ, AGG
| Period | THD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.3% | −3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.1% | −2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +21.6% | +18.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +22.8% | +18.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +31.8%+9.6%/yr | +18.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +7.0%+1.4%/yr | −8.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +29.5%+2.6%/yr | −2.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +89.2%+4.3%/yr | +25.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 28, 2008 | +135.7%+4.7%/yr | +41.3% | — | — | — |
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: THD vs SPY
From Mar 28, 2008: THD grew to $23,572, SPY to $80,935.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
THD returns by calendar year
10 of 17 full years positive. Best 2009 (+81.4%), worst 2015 (−22.0%). 2026 is year to date.
THD annual returns table
| Year | THD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +21.6% | −13.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.4% | −24.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −2.2% | −14.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −12.6% | −25.4% | +26.2% | +54.9% | +5.7% |
| 2022 | +1.2% | −21.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +1.9% | −13.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −9.9% | −44.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +8.3% | −11.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.2% | −18.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +31.5% | −4.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +26.3% | −12.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −22.0% | −28.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +15.6% | −13.1% | +13.5% | +19.2% | +6.0% |
| 2013 | −14.6% | −30.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +40.1% | −15.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −4.2% | −30.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +56.7% | −14.7% | +15.1% | +19.9% | +6.4% |
| 2009 | +81.4% | −19.9% | +26.4% | +54.7% | +3.0% |
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.
THD largest drawdowns
Now 10.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 22, 2008 | −64.2% | Dec 1, 2008 | Jul 27, 2010 | 6 months | 2.2 years |
| Feb 26, 2018 | −49.3% | Mar 16, 2020 | not yet | 2.1 years | 8.7 years so far |
| May 8, 2013 | −38.0% | Jan 7, 2016 | Sep 14, 2017 | 2.7 years | 4.4 years |
| Aug 1, 2011 | −30.0% | Oct 3, 2011 | Feb 24, 2012 | 2 months | 7 months |
| May 2, 2012 | −15.8% | Jun 1, 2012 | Sep 13, 2012 | 30 days | 4 months |
| Nov 8, 2010 | −15.3% | Feb 10, 2011 | Apr 1, 2011 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
THD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +7.7% | +2.1% | +2.4% | +4.7% |
| Volatility (annualized) | 20.1% | 19.6% | 20.5% | 24.1% |
| Sharpe ratio | 0.25 | 0.02 | 0.11 | 0.26 |
| Sortino ratio | 0.46 | 0.03 | 0.17 | 0.38 |
| Best month | +18.8% | +18.8% | +23.3% | +23.3% |
| Worst month | −7.7% | −10.7% | −18.3% | −34.9% |
| Best 12 months | +48.6% | +48.6% | +48.6% | +118.8% |
| Worst 12 months | −12.0% | −23.2% | −33.4% | −54.0% |
| Positive months | 50% | 50% | 49% | 53% |
| Beta vs S&P 500 | 0.23 | 0.42 | 0.71 | — |
| Correlation with S&P 500 | 0.14 | 0.33 | 0.53 | — |
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.
THD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 212 | −54.0% | +5.7% | +118.8% | 59% |
| 3-year (a year) | 188 | −10.2% | +3.9% | +52.9% | 63% |
| 5-year (a year) | 164 | −8.2% | +3.5% | +32.4% | 73% |
| 10-year (a year) | 104 | −1.6% | +3.1% | +18.3% | 88% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
THD performance overview
iShares MSCI Thailand ETF (THD) returned +22.8% over the past year and +2.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +4.7% a year, turning $10,000 into about $23,572. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −64.2%, from May 22, 2008 to Dec 1, 2008, and it took 1.7 years to get back to the old high. THD finished 10 of its 17 full calendar years with a gain; the best year was 2009 (+81.4%) and the worst 2015 (−22.0%). Volatility has been 24.1% a year.
Related: THD chart, THD holdings, THD dividends. See the THD overview for the latest quote and fund facts.
THD performance FAQ
What is the THD return over the past year?
THD returned +22.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.4%.
What is the average annual return of THD?
THD has returned +1.4% a year over 5 years, +2.6% a year over 10 years, +4.7% a year since March 28, 2008 (total return, distributions reinvested).
How much would $10,000 invested in THD be worth?
$10,000 invested in THD at its first recorded close on March 28, 2008 would be worth about $23,572 on October 23, 2026 with distributions reinvested.
What was the worst year for THD?
The worst calendar year was 2015, with a total return of −22.0%. The best was 2009 at +81.4%.
What is the biggest drawdown of THD?
The largest peak-to-trough decline was −64.2% between May 22, 2008 and December 1, 2008. It recovered to the old high on July 27, 2010, 1.7 years after the bottom.
How volatile is THD?
Over the past 3 years THD had an annualized volatility of 20.1% and a Sharpe ratio of 0.25 (excess return over 1–3 month T-bills per unit of risk).