THD — iShares MSCI Thailand ETF
Single Country - Emerging Ranked #342 of 458 tracked ETFs · Issued by iShares
THD Price Performance — Growth of $10,000
Value of a $10,000 investment in THD 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.
THD Drawdown
The "underwater" chart: THD'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.
What If You'd Invested in THD?
See what a lump sum in THD would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI Thailand ETF (THD) operates within the Single Country - Emerging category, where ETFValuer tracks a total of 22 funds. Issued by iShares, this fund has accumulated assets under management of $356 million and currently trades at a price of $72.41. It holds an overall rank of #342 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 54.0 out of 100. The fund carries an expense ratio of 0.59% and offers a dividend yield of 3.52%. The combination of a mid-tier grade and a moderate asset base suggests a specific level of investor adoption relative to the broader universe of available options. Its position as the 342nd ranked fund indicates it sits in the lower half of the overall performance spectrum despite its specific regional focus.
Recent price action shows a decline over the immediate term, with the fund down 0.67% over one day and 0.71% over one week. However, the trend shifts to positive momentum over longer horizons, as the fund gained 4.52% in one month and 5.35% over three months. This acceleration continues into the semi-annual and year-to-date periods, with returns of 15.97% and 23.71% respectively. The one-year return stands at a robust 34.54%, while the three-year annualized return is recorded at 14.72%. This pattern illustrates a divergence where short-term weakness contrasts sharply with sustained long-term growth. The data indicates that while recent daily fluctuations have been negative, the fund has delivered significant gains over the past year and beyond.
The fund is assigned a High volatility label and exhibits a beta of 0.84, suggesting price movements that are generally less sensitive than the broader market despite the high volatility classification. A Sharpe ratio of 1.32 indicates that the returns generated have been efficient relative to the risk taken over the measured period. However, the maximum drawdown of -34.11% highlights the potential for significant capital erosion during adverse market conditions. This combination of a high volatility rating and a deep maximum drawdown implies that the fund experiences substantial price swings in both directions. The beta of 0.84 suggests that while the fund may not amplify market moves as aggressively as higher-beta assets, the inherent volatility remains a defining characteristic. Investors should expect a profile where high returns are accompanied by periods of severe decline and elevated price instability.
AI-generated summary based on the data on this page.
THD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Delta Electronics Thailand PCL | 16.01% | $56M |
| 2 | Advanced Info Service PCL | 7.86% | $27M |
| 3 | PTT PCL | 6.80% | $24M |
| 4 | CP ALL PCL | 5.28% | $18M |
| 5 | Gulf Development PCL | 5.09% | $18M |
| 6 | Airports of Thailand PCL | 4.28% | $15M |
| 7 | Bangkok Dusit Medical Services PCL | 4.24% | $15M |
| 8 | PTT Exploration & Production PCL | 3.50% | $12M |
| 9 | Siam Cement PCL/The | 3.21% | $11M |
| 10 | True Corp PCL | 2.74% | $10M |
Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 59.0% 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 THD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With THD
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with THD's top 10 — EEMV overlaps most, holding 1 of the same companies as THD's top 10 (7.9% of THD's assets).
| ETF | Name | Shared Companies | THD Weight | Examples |
|---|---|---|---|---|
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 1 | 7.9% | Advanced Info Service PCL |
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.
What THD's Fees Cost You
THD charges an expense ratio of 0.59% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
THD Dividend Income Estimator
THD currently yields 3.52%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
THD Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 6.85% and average daily volume is 81K/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 $356M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: THD 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.
THD Performance History
| Period | Return |
|---|---|
| 1-Day | -0.67% |
| 1-Week | -0.71% |
| 1-Month | +4.52% |
| 3-Month | +5.35% |
| 6-Month | +15.97% |
| YTD | +23.71% |
| 1-Year | +34.54% |
| 3-Year | +14.72% |
How THD Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #54 | B |
FLKR | Franklin FTSE South Korea ETF | +139.48% | 0.09% | $1.33B |
| #60 | B |
EWY | iShares MSCI South Korea ETF | +143.88% | 0.59% | $24.5B |
| #66 | B |
EWT | iShares MSCI Taiwan ETF | +77.84% | 0.59% | $11.2B |
| #101 | B |
EPU | iShares MSCI Peru ETF | +76.49% | 0.59% | $524M |
| #209 | C |
EWZ | iShares MSCI Brazil ETF | +39.98% | 0.59% | $9.07B |
| #215 | C |
EPOL | iShares MSCI Poland ETF | +28.96% | 0.59% | $679M |
| #287 | C |
EWW | iShares MSCI Mexico ETF | +31.40% | 0.5% | $1.84B |
| #288 | C |
GREK | Global X MSCI Greece ETF | +26.05% | 0.56% | $281M |
| #308 | C |
EWM | iShares MSCI Malaysia ETF | +20.21% | 0.5% | $324M |
| #339 | C |
ECH | iShares MSCI Chile ETF | +29.55% | 0.59% | $1.03B |
| #342 | C |
THD | iShares MSCI Thailand ETF | +34.54% | 0.59% | $356M |
| #388 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | +22.04% | 0.65% | $1.64B |
| #396 | D |
EZA | iShares MSCI South Africa ETF | +16.85% | 0.59% | $544M |
| #427 | D |
KSA | iShares MSCI Saudi Arabia ETF | +1.69% | 0.75% | $650M |
| #434 | D |
VNM | VanEck Vietnam ETF | +5.53% | 0.66% | $565M |
| #435 | D |
MCHI | iShares MSCI China ETF | -7.35% | 0.59% | $5.89B |
| #438 | F |
INDA | iShares MSCI India ETF | -12.78% | 0.61% | $6.87B |
| #442 | F |
GXC | State Street SPDR S&P China ETF | -3.04% | 0.59% | $435M |
| #443 | F |
FXI | iShares China Large-Cap ETF | -9.41% | 0.73% | $4.52B |
| #451 | F |
INDY | iShares India 50 ETF | -14.24% | 0.65% | $558M |
| #455 | F |
KWEB | KraneShares CSI China Internet ETF | -23.45% | 0.7% | $4.91B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -27.36% | 0.59% | $401M |