EWY drawdown: 25.7% below the all-time high
iShares MSCI South Korea ETF (EWY) is 25.7% below its all-time high, set Jun 18, 2026 (as of market close, Jul 24, 2026). 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. "All-time" means since our price data begins (2000).
- Below all-time high
- −25.7%
- 74.3% of ATH
- All-time high
- $219.2
- Jun 18, 2026
- Time below the high
- 36 days
- since Jun 18, 2026
- Worst-ever drawdown
- −74.6%
- Nov 20, 2008
- Longest underwater
- 10.0 yrs
- between all-time highs
- Today's level first reached
- May 4, 2026
- 3 mo ago
- Last time this deep
- Aug 21, 2025
- in a previous episode
% of all-time high since 2000#
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.
% of all-time high on the price basis — the all-time high considers the full history of EWY, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | Nov 20, 2008 | −74.6% | 13 mo | Oct 31, 2017 | 10.0 yrs |
| Jun 9, 2000 | Sep 20, 2001 | −51.1% | 15 mo | Mar 14, 2002 | 1.8 yrs |
| Jan 8, 2021 | Sep 30, 2022 | −50.8% | 1.7 yrs | Oct 29, 2025 | 4.8 yrs |
| Jan 26, 2018 | Mar 23, 2020 | −50.7% | 2.2 yrs | Dec 2, 2020 | 2.9 yrs |
| Apr 23, 2002 | Mar 31, 2003 | −38.2% | 11 mo | Oct 13, 2003 | 18 mo |
| Apr 12, 2004 | Aug 3, 2004 | −28.0% | 4 mo | Jan 18, 2005 | 9 mo |
| Jun 18, 2026 | Jul 17, 2026 | −25.8% | 29 days | not yet | 36 days+ |
| May 8, 2006 | Jun 13, 2006 | −23.2% | 36 days | Apr 4, 2007 | 11 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 2000: how far EWY stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: EWY is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, 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 EWY from its all-time high?
- EWY is currently 25.7% below its all-time high, set Jun 18, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest EWY drawdown ever?
- The deepest decline on record in our data (since 2000) took the stock 74.6% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2000 (split-adjusted). "All-time" means since our price data begins — EWY may have traded earlier. For a 150-year index 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.