iShares MSCI South Korea ETF (EWY)
Market Price (7/10/2026): $181.45
iShares MSCI South Korea ETF (EWY)
Market Price (7/10/2026): $181.45
Key Takeaways
- EWY has returned +90.0% YTD vs +10.5% for SPY; +156.3% over the past 12 months (SPY +21.5%). details →
- Priced in gold, EWY has returned +45.4% over the past 3 years, vs +207.0% in dollars. details →
- Over the past month, EWY has seen net inflows of +$110M (+0.5% of assets). details →
- EWY's +90.0% YTD is ahead of its typical pace — it averaged +7.4% at this point (July 9) over the past 5 years. details →
- Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.2 vs 1.0. details →
Asset Allocation with EWY
Top 20 Holdings for EWY
Total Weights Top 5: 52.6% | Top 10: 56.9% | Top 20: 56.9%
| Ticker | Holding | ETF Weight |
|---|---|---|
| 000660.KS | SK Hynix Inc | 24.65% |
| 005930.KS | Samsung Electronics Co | 21.82% |
| null | N/A | 0.82% |
| 009150.KS | Samsung Electro-Mechanics | 3.51% |
| 105560.KS | KB Financial Group | 1.80% |
| 034020.KS | Doosan Heavy Industries & Construction Co | 1.21% |
| 086790.KS | Hana Financial Group | 1.13% |
| 035420.KS | Naver | 1.00% |
| 006400.KS | Samsung SDI | 0.94% |
Performance for EWY Top Holdings
| Ticker | Holding | Weight | Mkt Price7/9 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| EWY | iShares MSCI South Korea ETF | 100.00% | 184.75 | 1.1% | 0.4% | 90.0% | 156.3% | 207.0% | 122.4% | 314.3% |
| 000660.KS | SK Hynix Inc | 24.65% | ||||||||
| 005930.KS | Samsung Electronics Co | 21.82% | ||||||||
| null | N/A | 0.82% | ||||||||
| 009150.KS | Samsung Electro-Mechanics | 3.51% | ||||||||
| 105560.KS | KB Financial Group | 1.80% | ||||||||
| 034020.KS | Doosan Heavy Industries & Construction Co | 1.21% | ||||||||
| 086790.KS | Hana Financial Group | 1.13% | ||||||||
| 035420.KS | Naver | 1.00% | ||||||||
| 006400.KS | Samsung SDI | 0.94% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EWY Return | -8% | -27% | 19% | -20% | 91% | 88% | 131% |
| Peers Return | 0% | ||||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| EWY Win Rate | 50% | 42% | 58% | 33% | 75% | 57% | |
| Peers Win Rate | |||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| EWY Max Drawdown | -21% | -41% | -20% | -24% | -16% | -23% | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: .
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 6302026.How Low Can It Go
| Event | EWY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -16.1% | -18.8% |
| % Gain to Breakeven | 19.1% | 23.1% |
| Time to Breakeven | 27 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -13.6% | -7.8% |
| % Gain to Breakeven | 15.7% | 8.5% |
| Time to Breakeven | 310 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.5% | -9.5% |
| % Gain to Breakeven | 24.3% | 10.5% |
| Time to Breakeven | 133 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -39.2% | -24.5% |
| % Gain to Breakeven | 64.4% | 32.4% |
| Time to Breakeven | 1025 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.7% | 50.9% |
| Time to Breakeven | 128 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -14.1% | -19.2% |
| % Gain to Breakeven | 16.4% | 23.8% |
| Time to Breakeven | 441 days | 105 days |
In The Past
iShares MSCI South Korea ETF's stock fell -16.1% during the 2025 US Tariff Shock. Such a loss loss requires a 19.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | EWY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -39.2% | -24.5% |
| % Gain to Breakeven | 64.4% | 32.4% |
| Time to Breakeven | 1025 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.7% | 50.9% |
| Time to Breakeven | 128 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -31.9% | -6.8% |
| % Gain to Breakeven | 46.8% | 7.3% |
| Time to Breakeven | 620 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -32.2% | -17.9% |
| % Gain to Breakeven | 47.5% | 21.8% |
| Time to Breakeven | 956 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.4% | -15.4% |
| % Gain to Breakeven | 25.7% | 18.2% |
| Time to Breakeven | 121 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -70.7% | -53.4% |
| % Gain to Breakeven | 240.9% | 114.4% |
| Time to Breakeven | 798 days | 1085 days |
In The Past
iShares MSCI South Korea ETF's stock fell -16.1% during the 2025 US Tariff Shock. Such a loss loss requires a 19.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| MAGS | Roundhill Magnificent Seven ETF | -5.9% | 66.76 | 7092026 | 70.94 | 5142026 | 56 |
| AKRE | Akre Focus ETF | -16.9% | 54.78 | 7092026 | 65.92 | 1112026 | 179 |
| VSS | Vanguard FTSE All-World EX-US Small-Cap Index Fund | -5.2% | 153.33 | 7092026 | 161.79 | 5112026 | 59 |
| SCHC | Schwab International Small-Cap Equity ETF | -6.9% | 47.99 | 7092026 | 51.54 | 3012026 | 130 |
| IEMG | iShares Core MSCI Emerging Markets ETF | -5.8% | 81.02 | 7092026 | 86.00 | 6222026 | 17 |
| EEM | iShares MSCI Emerging Markets ETF | -6.2% | 66.78 | 7092026 | 71.21 | 6222026 | 17 |
| FNDE | Schwab Fundamental Emerging Markets Equity ETF | -5.1% | 40.17 | 7092026 | 42.35 | 6022026 | 37 |
| EWY | iShares MSCI South Korea ETF | -15.7% | 184.75 | 7092026 | 219.20 | 6212026 | 18 |
| EWZ | iShares MSCI Brazil ETF | -16.2% | 34.96 | 7092026 | 41.73 | 4142026 | 86 |
| FXI | iShares China Large-Cap ETF | -18.1% | 33.41 | 7092026 | 40.78 | 1292026 | 161 |
| ILF | iShares Latin America 40 ETF | -11.2% | 33.82 | 7092026 | 38.10 | 4142026 | 86 |
| KWEB | KraneShares CSI China Internet ETF | -29.7% | 26.48 | 7092026 | 37.66 | 1122026 | 178 |
| SCHY | Schwab International Dividend Equity ETF | -5.0% | 32.03 | 7092026 | 33.73 | 3012026 | 130 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -7.0% | 321.20 | 7092026 | 345.22 | 6222026 | 17 |
| SPMO | Invesco S&P 500 Momentum ETF | -5.3% | 153.08 | 7092026 | 161.66 | 6222026 | 17 |
| URA | Global X Uranium ETF | -31.5% | 42.35 | 7092026 | 61.81 | 1282026 | 162 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -12.0% | 36.63 | 7092026 | 41.63 | 5132026 | 57 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -8.6% | 82.59 | 7092026 | 90.34 | 6022026 | 37 |
| LIT | Global X Lithium & Battery Tech ETF | -20.5% | 72.82 | 7092026 | 91.62 | 5112026 | 59 |
| ICLN | iShares Global Clean Energy ETF | -18.6% | 19.33 | 7092026 | 23.75 | 6022026 | 37 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -13.3% | 124.70 | 7092026 | 143.82 | 5282026 | 42 |
| ARKX | ARK Space & Defense Innovation ETF | -14.4% | 32.31 | 7092026 | 37.74 | 5282026 | 42 |
| NASA | Tema Space Innovators ETF | -36.3% | 26.69 | 7092026 | 41.89 | 5272026 | 43 |
| AGIX | KraneShares Artificial Intelligence ETF | -7.5% | 45.69 | 7092026 | 49.40 | 6012026 | 38 |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | -10.7% | 62.84 | 7092026 | 70.39 | 5112026 | 59 |
| RAAX | VanEck Real Assets ETF | -7.3% | 39.58 | 7092026 | 42.70 | 5112026 | 59 |
| VGT | Vanguard Information Technology ETF | -6.3% | 117.71 | 7092026 | 125.62 | 6022026 | 37 |
| XLK | State Street Technology Select Sector SPDR ETF | -6.5% | 185.35 | 7092026 | 198.21 | 6022026 | 37 |
| XLE | State Street Energy Select Sector SPDR ETF | -12.4% | 54.82 | 7092026 | 62.56 | 3292026 | 102 |
| XLC | State Street Communication Services Select Sector SPDR ETF | -7.7% | 110.51 | 7092026 | 119.70 | 2012026 | 158 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -6.0% | 116.85 | 7092026 | 124.27 | 1122026 | 178 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -7.0% | 83.20 | 7092026 | 89.51 | 3012026 | 130 |
| XLB | State Street Materials Select Sector SPDR ETF | -5.8% | 50.26 | 7092026 | 53.38 | 2112026 | 148 |
| IYM | iShares U.S. Basic Materials ETF | -6.4% | 177.01 | 7092026 | 189.08 | 3022026 | 129 |
| FXN | First Trust Energy AlphaDEX Fund | -10.9% | 20.65 | 7092026 | 23.18 | 3292026 | 102 |
| SMH | VanEck Semiconductor ETF | -9.1% | 607.73 | 7092026 | 668.91 | 6222026 | 17 |
| SOXX | iShares Semiconductor ETF | -11.2% | 581.70 | 7092026 | 655.01 | 6222026 | 17 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -15.3% | 159.46 | 7092026 | 188.18 | 3292026 | 102 |
| IGV | iShares Expanded Tech-Software Sector ETF | -12.8% | 93.88 | 7092026 | 107.70 | 6012026 | 38 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -12.2% | 44.78 | 7092026 | 50.98 | 1192026 | 171 |
| RING | iShares MSCI Global Gold Miners ETF | -34.5% | 65.15 | 7092026 | 99.42 | 3012026 | 130 |
| SOXQ | Invesco PHLX Semiconductor ETF | -11.4% | 101.97 | 7092026 | 115.11 | 6222026 | 17 |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | -6.0% | 21.52 | 7092026 | 22.90 | 2162026 | 143 |
| IGOV | iShares International Treasury Bond ETF | -5.2% | 40.75 | 7092026 | 42.99 | 3012026 | 130 |
| TLT | iShares 20+ Year Treasury Bond ETF | -5.6% | 84.49 | 7092026 | 89.48 | 3012026 | 130 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -5.1% | 25.71 | 7092026 | 27.09 | 3012026 | 130 |
| EDV | Vanguard World Funds Extended Duration ETF | -7.8% | 62.18 | 7092026 | 67.42 | 3012026 | 130 |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | -13.2% | 16.42 | 7092026 | 18.91 | 5122026 | 58 |
| DBC | Invesco DB Commodity Index Tracking Fund | -13.0% | 27.58 | 7092026 | 31.69 | 5122026 | 58 |
| COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | -14.0% | 31.42 | 7092026 | 36.53 | 5192026 | 51 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 7092026 | 31.85 | 3182026 | 113 |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | -11.3% | 22.99 | 7092026 | 25.91 | 5122026 | 58 |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | -8.1% | 28.05 | 7092026 | 30.53 | 5122026 | 58 |
| HGER | Harbor Commodity All-Weather Strategy ETF | -7.9% | 30.83 | 7092026 | 33.47 | 5122026 | 58 |
| GLD | SPDR Gold Trust | -23.7% | 378.18 | 7092026 | 495.90 | 1292026 | 161 |
| IAU | iShares Gold Trust | -23.7% | 77.51 | 7092026 | 101.57 | 1292026 | 161 |
| GLDM | SPDR Gold MiniShares Trust | -23.6% | 81.54 | 7092026 | 106.77 | 1292026 | 161 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 7092026 | 51.41 | 1292026 | 161 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 7092026 | 53.16 | 1292026 | 161 |
| SLV | iShares Silver Trust | -48.7% | 54.14 | 7092026 | 105.60 | 1282026 | 162 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 7092026 | 110.87 | 1282026 | 162 |
| PPLT | ETFS Physical Platinum Shares | -42.0% | 14.62 | 7092026 | 25.23 | 1252026 | 165 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 7092026 | 38.71 | 1292026 | 161 |
| PALL | ETFS Physical Palladium Shares | -38.9% | 22.70 | 7092026 | 37.18 | 1282026 | 162 |
| USO | United States Oil Fund LP | -28.7% | 109.01 | 7092026 | 152.96 | 5192026 | 51 |
| UNG | United States Natural Gas Fund LP | -35.9% | 10.83 | 7092026 | 16.90 | 2012026 | 158 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 7092026 | 60.13 | 5042026 | 66 |
| IBIT | iShares Bitcoin Trust ETF | -35.4% | 35.81 | 7092026 | 55.44 | 1142026 | 176 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -35.4% | 54.96 | 7092026 | 85.12 | 1142026 | 176 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 7092026 | 76.31 | 1142026 | 176 |
| ETHA | iShares Ethereum Trust ETF | -48.5% | 13.19 | 7092026 | 25.59 | 1142026 | 176 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Asset allocation rotation · Past month
- Equity ETFs drew the largest net inflows (+$59.1B), followed by Bond (+$28.7B), while Commodity (−$4.5B) and Crypto (−$3.0B) saw the largest outflows.
- Within the mix, money rotated into Industry Subsector (+$13.0B) and out of Gold (−$4.5B).
- Relative to fund size, SNXX drew the largest inflow (+56.4% of AUM) and FXN the largest outflow (−68.0%).
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | IVV | iShares Core S&P 500 ETF | +$47.56B | +5.5% |
| 2 | SPYM | State Street SPDR Portfolio S&P 500 ETF | +$11.52B | +7.7% |
| 3 | DRAM | Roundhill Memory ETF | +$8.45B | +37.2% |
| 4 | SOXX | iShares Semiconductor ETF | +$7.16B | +16.3% |
| 5 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | +$6.56B | +20.5% |
| 6 | QQQ | Invesco QQQ Trust, Series 1 | +$5.02B | +1.0% |
| 7 | SMH | VanEck Semiconductor ETF | +$3.87B | +5.4% |
| 8 | AVLV | Avantis U.S. Large Cap Value ETF | +$3.74B | +23.7% |
| 9 | QQQM | Invesco NASDAQ 100 ETF | +$3.71B | +3.8% |
| 10 | VTI | Vanguard Total Stock Market ETF | +$3.62B | +0.5% |
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | -$54.78B | -5.6% |
| 2 | SPY | State Street SPDR S&P 500 ETF | -$4.73B | -0.6% |
| 3 | VLUE | iShares MSCI USA Value Factor ETF | -$4.37B | -36.9% |
| 4 | GLD | SPDR Gold Shares | -$2.27B | -1.7% |
| 5 | IBIT | iShares Bitcoin Trust ETF | -$2.06B | -4.4% |
| 6 | IAU | iShares Gold Trust | -$2.03B | -3.3% |
| 7 | VO | Vanguard Mid-Cap ETF | -$1.07B | -1.0% |
| 8 | NASA | Tema Space Innovators ETF | -$867M | -48.9% |
| 9 | IQMM | ProShares - GENIUS Money Market ETF | -$814M | -3.9% |
| 10 | FXN | First Trust Energy AlphaDEX Fund | -$783M | -68.0% |
Largest ETF fund flows across ~2560 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.
About EWY
| Holdings Count: 78Expense Ratio: 0.59%Inception Date: 2000-05-09 | iShares MSCI South Korea ETFThe iShares MSCI South Korea ETF seeks to track the investment results of an index composed of South Korean equities.Asset Class: Equity | ETF Website |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| The Tech Bet Hiding Inside EWY ETF | 07/01/2026 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Profile
| Median | |
|---|---|
| Name | |
| Asset Class | - |
| AUM ($ Bil) | 21.4 |
| Expense Ratio | 0.59% |
| 10-D Avg Volume (Mil) | 20.58 |
| Latest Day Volume (Mil) | 16.55 |
| Holdings Count | 78 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | 3.7% |
| Distribution Yield | 1.1% |
| Sales Yield | - |
| Earnings Yield | - |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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