iShares MSCI South Africa ETF drawdown: 20.0% below the all-time high (price)
IShares MSCI South Africa ETF is 20.0% below its all-time high, set Feb 27, 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
- −20.0%
- 80.0% of ATH
- All-time high
- $81.6
- Feb 27, 2026
- Time below the high
- 8 mo
- since Feb 27, 2026
- Worst-ever drawdown
- −68.2%
- Mar 23, 2020
- Longest underwater
- 14.7 yrs
- between all-time highs
- Today's level first reached
- Jan 2, 2008
- 18.8 yrs ago
- Last time this deep
- Nov 4, 2025
- 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.
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 |
|---|---|---|---|---|---|
| Apr 29, 2011 | Mar 23, 2020 | −68.2% | 8.9 yrs | Jan 26, 2026 | 14.7 yrs |
| May 16, 2008 | Oct 27, 2008 | −62.2% | 5 mo | Oct 5, 2010 | 2.4 yrs |
| Feb 27, 2026 | Jul 23, 2026 | −25.9% | 5 mo | not yet | 8 mo+ |
| Jan 14, 2008 | Feb 11, 2008 | −18.0% | 28 days | May 6, 2008 | 4 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 South Africa 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 South Africa ETF from its all-time high?
- iShares MSCI South Africa ETF is currently 20.0% below its all-time high, set Feb 27, 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 South Africa ETF drawdown ever?
- The deepest decline on record in our data (since 2008) took iShares MSCI South Africa ETF 68.2% below its prior high, bottoming Mar 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from EZA; no free deep history exists for iShares MSCI South Africa 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.