iShares MSCI Brazil ETF drawdown: 62.0% below the all-time high
IShares MSCI Brazil ETF is 62.0% below its all-time high, set May 20, 2008 (as of market close, Sep 11, 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.
- Below all-time high
- −62.0%
- 38.0% of ATH
- All-time high
- $100.47
- May 20, 2008
- Time below the high
- 18.3 yrs
- since May 20, 2008
- Worst-ever drawdown
- −82.8%
- Jan 21, 2016
- Longest underwater
- 18.3 yrs
- between all-time highs
- Today's level first reached
- Jan 19, 2006
- 20.6 yrs ago
- Last time this deep
- Mar 11, 2003
- 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. Basis and range are in the URL, so a particular view is a link.
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 |
|---|---|---|---|---|---|
| May 20, 2008 | Jan 21, 2016 | −82.8% | 7.7 yrs | not yet | 18.3 yrs+ |
| Sep 7, 2000 | Oct 16, 2002 | −73.7% | 2.1 yrs | Nov 26, 2004 | 4.2 yrs |
| May 9, 2006 | Jun 13, 2006 | −32.1% | 35 days | Jan 23, 2007 | 9 mo |
| Jul 23, 2007 | Aug 16, 2007 | −26.5% | 24 days | Sep 24, 2007 | 2 mo |
| Nov 8, 2007 | Jan 23, 2008 | −19.6% | 2 mo | Feb 26, 2008 | 4 mo |
| Mar 4, 2005 | Apr 15, 2005 | −17.1% | 42 days | Jul 21, 2005 | 5 mo |
| Feb 27, 2008 | Mar 20, 2008 | −15.2% | 22 days | Apr 21, 2008 | 54 days |
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 iShares MSCI Brazil ETF 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: 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 Brazil ETF from its all-time high?
- iShares MSCI Brazil ETF is currently 62.0% below its all-time high, set May 20, 2008 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest iShares MSCI Brazil ETF drawdown ever?
- The deepest decline on record in our data (since 2000) took iShares MSCI Brazil ETF 82.8% below its prior high, bottoming Jan 21, 2016. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from EWZ; no free deep history exists for iShares MSCI Brazil 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.