EWM — iShares MSCI Malaysia ETF
Single Country - Emerging Ranked #292 of 458 tracked ETFs · Issued by iShares
EWM Price Performance — Growth of $10,000
Value of a $10,000 investment in EWM 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.
EWM Drawdown
The "underwater" chart: EWM'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 EWM?
See what a lump sum in EWM 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 Malaysia ETF (EWM) is a Single Country - Emerging fund issued by iShares that tracks 22 ETFs within its specific category. With an asset base of $324 million and a share price of $28.00, the fund represents a moderate level of investor adoption relative to the broader market. It holds an overall rank of #292 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of C with a score of 57.2 out of 100. The fund charges an expense ratio of 0.5% while offering a dividend yield of 3.02%. This combination of cost and income profile positions the ETF as a mid-tier option within the emerging markets single-country space. The current metrics suggest a fund that is actively managed by the issuer but faces competition from peers with higher rankings.
Recent price action shows a positive short-term trend with a 1-day return of +0.43% and a 1-week gain of +0.21%. This momentum extended into the monthly horizon with a 1-month return of +4.05%, contributing to a year-to-date gain of +4.23%. However, the fund experienced negative performance over the intermediate term, recording a 3-month decline of -2.59% and a 6-month drop of -3.12%. The longer-term trajectory demonstrates significant strength, as the 1-year return reached +20.03% and the 3-year return accumulated +45.74%. This pattern indicates a divergence where recent short-term volatility has not yet erased substantial gains realized over the past three years.
The fund carries a Low volatility label and a beta of 0.52, suggesting it moves less than the broader market and exhibits reduced sensitivity to market swings. A Sharpe ratio of 1.05 indicates that the returns generated have been efficient relative to the amount of risk taken during the measurement period. Despite this efficiency, the fund has experienced a maximum drawdown of -21.31%, reflecting the potential for significant temporary losses during downturns. The combination of low beta and a substantial maximum drawdown implies that while the fund may decline less in magnitude than the market, it still faces periods of notable capital erosion. These metrics collectively describe a profile that balances lower market correlation with the capacity for deep, albeit potentially infrequent, declines.
AI-generated summary based on the data on this page.
EWM Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | PUBLIC BANK BHD | 13.52% | $49M |
| 2 | MALAYAN BANKING BERHAD | 12.67% | $46M |
| 3 | CIMB GROUP HOLDINGS BERHAD | 11.93% | $44M |
| 4 | TENAGA NASIONAL BERHAD | 7.39% | $27M |
| 5 | PRESS METAL ALUMINIUM HOLDINGS BERHAD | 6.57% | $24M |
| 6 | IHH HEALTHCARE BERHAD | 3.92% | $14M |
| 7 | GAMUDA BERHAD | 3.88% | $14M |
| 8 | AMMB HOLDINGS BERHAD | 3.17% | $12M |
| 9 | SUNWAY BERHAD | 2.90% | $11M |
| 10 | RHB BANK BERHAD | 2.82% | $10M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 68.8% 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 EWM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
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.
What EWM's Fees Cost You
EWM charges an expense ratio of 0.50% 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.
EWM Dividend Income Estimator
EWM currently yields 3.02%. 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.
EWM Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is — and average daily volume is 262K/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 $324M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: EWM 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.
EWM Performance History
| Period | Return |
|---|---|
| 1-Day | +0.43% |
| 1-Week | +0.21% |
| 1-Month | +4.05% |
| 3-Month | -2.59% |
| 6-Month | -3.12% |
| YTD | +4.23% |
| 1-Year | +20.03% |
| 3-Year | +45.74% |
How EWM Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #65 | B |
EWT | iShares MSCI Taiwan ETF | +65.35% | 0.59% | $11.2B |
| #71 | B |
FLKR | Franklin FTSE South Korea ETF | +108.87% | 0.09% | $1.33B |
| #75 | B |
EWY | iShares MSCI South Korea ETF | +111.52% | 0.59% | $24.5B |
| #94 | B |
EPU | iShares MSCI Peru ETF | +74.55% | 0.59% | $524M |
| #186 | C |
EPOL | iShares MSCI Poland ETF | +28.77% | 0.59% | $679M |
| #214 | C |
EWZ | iShares MSCI Brazil ETF | +39.82% | 0.59% | $9.07B |
| #219 | C |
GREK | Global X MSCI Greece ETF | +29.14% | 0.56% | $281M |
| #277 | C |
ECH | iShares MSCI Chile ETF | +31.31% | 0.59% | $1.03B |
| #278 | C |
EWW | iShares MSCI Mexico ETF | +30.07% | 0.5% | $1.84B |
| #292 | C |
EWM | iShares MSCI Malaysia ETF | +20.03% | 0.5% | $324M |
| #347 | C |
THD | iShares MSCI Thailand ETF | +32.33% | 0.59% | $356M |
| #372 | C |
EZA | iShares MSCI South Africa ETF | +22.04% | 0.59% | $544M |
| #394 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | +19.66% | 0.65% | $1.64B |
| #429 | D |
KSA | iShares MSCI Saudi Arabia ETF | +0.52% | 0.75% | $650M |
| #430 | D |
INDA | iShares MSCI India ETF | -8.22% | 0.61% | $6.87B |
| #433 | D |
MCHI | iShares MSCI China ETF | -5.92% | 0.59% | $5.89B |
| #441 | F |
FXI | iShares China Large-Cap ETF | -6.06% | 0.73% | $4.52B |
| #442 | F |
GXC | State Street SPDR S&P China ETF | -1.98% | 0.59% | $435M |
| #446 | F |
VNM | VanEck Vietnam ETF | +0.88% | 0.66% | $565M |
| #448 | F |
INDY | iShares India 50 ETF | -10.16% | 0.65% | $558M |
| #455 | F |
KWEB | KraneShares CSI China Internet ETF | -20.20% | 0.7% | $4.91B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -29.63% | 0.59% | $401M |