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EWA
$28.73-0.28%
as of close, Oct 16, 2026
☾ AH $28.73 -0.28%
iShares MSCI Australia ETFETF · Country ETFs
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iShares MSCI Australia ETF drawdown: 5.6% below the all-time high (price)

IShares MSCI Australia ETF is 5.6% below its all-time high, set Aug 25, 2026 (as of market close, Oct 16, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−5.6%
94.4% of ATH
All-time high
$30.43
Aug 25, 2026
Time below the high
52 days
since Aug 25, 2026
Worst-ever drawdown
−65.2%
Mar 9, 2009
Longest underwater
17.9 yrs
between all-time highs
Today's level first reached
Jan 2, 2008
18.8 yrs ago
Last time this deep
Jul 23, 2026
in a previous episode

% of all-time high since 2008: price#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%40%60%80%
EWA close · log20.00
2010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
May 19, 2008Mar 9, 2009−65.2%10 moApr 15, 202617.9 yrs
Jan 2, 2008Jan 22, 2008−19.4%20 daysMay 12, 20084 mo

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 2008: how far iShares MSCI Australia ETF stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is iShares MSCI Australia ETF from its all-time high?
iShares MSCI Australia ETF is currently 5.6% below its all-time high, set Aug 25, 2026 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest iShares MSCI Australia ETF drawdown ever?
The deepest decline on record in our data (since 2008) took iShares MSCI Australia ETF 65.2% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from EWA; no free deep history exists for iShares MSCI Australia ETF — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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