EWH — iShares MSCI Hong Kong ETF

EWH Price Performance — Growth of $10,000

Value of a $10,000 investment in EWH over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

EWH Drawdown

The "underwater" chart: EWH's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI Hong Kong ETF (EWH) is a Single Country - Developed fund issued by iShares, tracking one of 18 ETFs in its specific category. With an asset base of $1.13 billion and a share price of $22.55, the fund demonstrates moderate investor adoption relative to its size. It holds an overall rank of #390 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 46.8 out of 100. The fund carries an expense ratio of 0.5% and offers a dividend yield of 2.68%. These metrics suggest a cost structure and income profile that align with its current market positioning. The combination of its AUM and price point reflects the fund's standing within the broader landscape of available investment vehicles.

Recent performance data shows a positive momentum over the short term, with the ETF gaining 0.49% in one day and 2.31% over the past week. This upward trend accelerated significantly over the last month, resulting in a 6.62% return, while the year-to-date figure stands at 4.78%. However, the three-month period presents a divergence with a decline of 1.49%, contrasting with the 1.21% gain recorded over six months. Longer-term horizons display stronger growth, as the fund has returned 13.65% over the last year and 29.11% over the past three years. This pattern indicates a recovery and sustained growth trajectory despite recent quarterly volatility. The data highlights a clear distinction between short-term fluctuations and the more robust multi-year performance record.

The fund is assigned a Moderate volatility label and exhibits a beta of 0.71, indicating it has historically moved less than the broader market. A Sharpe ratio of 0.52 suggests the risk-adjusted returns generated have been modest relative to the volatility experienced. The maximum drawdown of -24.93% reflects significant downside risk during market stress periods. This combination of a beta below 1.0 and a substantial maximum drawdown implies that while the fund may offer some cushion during market declines, it remains susceptible to deep corrections. The moderate volatility classification aligns with the observed beta, yet the drawdown figure underscores the potential for sharp losses. Investors should consider how these risk metrics interact when evaluating the fund's behavior in varying market conditions.

AI-generated summary based on the data on this page.

EWH Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 69.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EWH's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWH

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWH's top 10 — AAXJ overlaps most, holding 1 of the same companies as EWH's top 10 (22.0% of EWH's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

EWH Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.98% and average daily volume is 2.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.13B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWH is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

EWH Performance History

How EWH Compares to Other Single Country - Developed ETFs