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 that tracks 18 other ETFs within its specific category. With $1.13 billion in assets under management and a share price of $22.95, the fund represents a significant presence among its peers. It holds an overall rank of #389 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of D with a score of 48.0 out of 100. The fund charges an expense ratio of 0.5% while offering a dividend yield of 2.64% to income-seeking investors. This combination of a moderate asset base and a lower-tier ranking suggests a specific level of investor adoption relative to the broader market. The data indicates a fund that provides exposure to Hong Kong equities with a cost structure and yield profile typical for its sector.

Over the most recent trading day, the ETF gained 0.75%, followed by a weekly increase of 2.91% and a monthly surge of 8.82%. Despite this short-term momentum, the three-month return shows a slight contraction of -0.04%, indicating a pause in the upward trend. The six-month return recovered to positive territory at +2.15%, while year-to-date performance stands at +6.63%. The one-year return demonstrates strong growth at +15.78%, and the three-year return extends this trajectory to +35.81%. This pattern reveals a divergence where recent short-term gains have been more volatile compared to the sustained positive returns over the longer three-year horizon.

The fund carries a Moderate volatility label and a beta of 0.71, suggesting it has historically experienced less price fluctuation than the broader market. A Sharpe ratio of 0.65 indicates the fund has generated a moderate amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -24.93% highlights the potential for significant temporary losses during market downturns. This combination of a beta below 1.0 and a substantial drawdown implies that while the fund may move less aggressively than the market, it still exposes investors to deep declines. The risk profile reflects a balance between reduced sensitivity to market swings and the capacity for severe downside movement during stress periods.

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

EWH Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 68.0% 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 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 (22.9% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 — 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