iShares MSCI Kokusai ETF (TOK) Performance
TOK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.9% since Dec 31, 2025
- 1 year
- +13.4% total return
- 5 years
- +11.0% a year
- 10 years
- +13.4% a year
- Since first price
- +8.5% a year since 2007
TOK trailing returns vs SPY, QQQ, AGG
| Period | TOK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.3% | +2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.5% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +10.9% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.4% | +11.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +82.8%+22.3%/yr | +74.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +68.8%+11.0%/yr | +52.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +250.8%+13.4%/yr | +183.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +467.8%+12.3%/yr | +301.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 12, 2007 | +368.1%+8.5%/yr | +207.2% | — | — | — |
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: TOK vs SPY
From Dec 12, 2007: TOK grew to $46,808, SPY to $71,990.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TOK returns by calendar year
13 of 18 full years positive. Best 2009 (+31.5%), worst 2008 (−40.3%). 2026 is year to date.
TOK annual returns table
| Year | TOK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.9% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.8% | −16.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.5% | −7.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +24.8% | −10.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.9% | −25.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.8% | −5.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.1% | −34.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.1% | −5.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.8% | −18.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.1% | −2.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.8% | −9.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.6% | −13.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +5.5% | −11.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +26.7% | −7.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.9% | −13.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −3.7% | −24.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +11.4% | −16.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +31.5% | −27.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −40.3% | −51.4% | −36.8% | −41.7% | +7.9% |
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.
TOK largest drawdowns
Now 2.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 12, 2007 | −56.2% | Mar 6, 2009 | Jan 24, 2013 | 1.2 years | 5.1 years |
| Feb 12, 2020 | −34.8% | Mar 23, 2020 | Aug 24, 2020 | 40 days | 6 months |
| Jan 4, 2022 | −25.9% | Oct 12, 2022 | Dec 13, 2023 | 9 months | 1.9 years |
| Sep 20, 2018 | −18.4% | Dec 24, 2018 | Apr 26, 2019 | 3 months | 7 months |
| May 21, 2015 | −17.6% | Feb 11, 2016 | Dec 7, 2016 | 9 months | 1.5 years |
| Feb 18, 2025 | −16.2% | Apr 7, 2025 | Jun 4, 2025 | 48 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TOK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +21.6% | +12.3% | +13.3% | +8.7% |
| Volatility (annualized) | 11.8% | 15.3% | 15.2% | 16.4% |
| Sharpe ratio | 1.36 | 0.61 | 0.75 | 0.51 |
| Sortino ratio | 2.73 | 0.95 | 1.15 | 0.74 |
| Best month | +10.0% | +10.0% | +11.9% | +11.9% |
| Worst month | −5.6% | −9.3% | −14.3% | −18.0% |
| Best 12 months | +35.7% | +35.7% | +56.4% | +56.4% |
| Worst 12 months | +7.9% | −18.8% | −18.8% | −46.3% |
| Positive months | 75% | 65% | 70% | 64% |
| Beta vs S&P 500 | 0.93 | 0.96 | 0.98 | — |
| Correlation with S&P 500 | 0.98 | 0.98 | 0.98 | — |
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.
TOK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 215 | −46.3% | +14.0% | +56.4% | 79% |
| 3-year (a year) | 191 | −4.4% | +10.5% | +24.2% | 97% |
| 5-year (a year) | 167 | −0.5% | +10.9% | +20.6% | 99% |
| 10-year (a year) | 107 | +5.4% | +10.3% | +13.7% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
TOK performance overview
iShares MSCI Kokusai ETF (TOK) returned +13.4% over the past year and +13.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +8.5% a year, turning $10,000 into about $46,808. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −56.2%, from Dec 12, 2007 to Mar 6, 2009, and it took 3.9 years to get back to the old high. TOK finished 13 of its 18 full calendar years with a gain; the best year was 2009 (+31.5%) and the worst 2008 (−40.3%). Volatility has been 16.4% a year.
Related: TOK chart, TOK holdings, TOK dividends, TOK valuation. See the TOK overview for the latest quote and fund facts.
TOK performance FAQ
What is the TOK return over the past year?
TOK returned +13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.8%.
What is the average annual return of TOK?
TOK has returned +11.0% a year over 5 years, +13.4% a year over 10 years, +8.5% a year since December 12, 2007 (total return, distributions reinvested).
How much would $10,000 invested in TOK be worth?
$10,000 invested in TOK at its first recorded close on December 12, 2007 would be worth about $46,808 on October 23, 2026 with distributions reinvested.
What was the worst year for TOK?
The worst calendar year was 2008, with a total return of −40.3%. The best was 2009 at +31.5%.
What is the biggest drawdown of TOK?
The largest peak-to-trough decline was −56.2% between December 12, 2007 and March 6, 2009. It recovered to the old high on January 24, 2013, 3.9 years after the bottom.
How volatile is TOK?
Over the past 3 years TOK had an annualized volatility of 11.8% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).