EWJ
StockiShares MSCI Japan ETF
Watching means one email when a price drop is historically rare for EWJ — otherwise we stay quiet.
Nothing to see here.
iShares MSCI Japan ETF is 4.5% off its high — within its normal range (its pullbacks average 5%). Whatever the news says today, this isn't historically significant.
Typical
Current Drawdown
-4.5%
Days in Drawdown
21
Avg Max Drawdown
5.0%
Avg Length
136
Drawdown Severity Score™
0.9
EWJ - Price & High Water Mark
EWJ - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
iShares MSCI Japan ETF (EWJ) Analysis: Current Drawdown Insights
iShares MSCI Japan ETF is trading slightly below its recent peak. As of 2026-07-13, the stock price is $92.58, just 4.5% below its all-time high of $96.97.
Based on its full tracked price history, iShares MSCI Japan ETF typically experiences drawdowns averaging 5.0% in depth, with an average duration of 136 days. iShares MSCI Japan ETF has gone through 80 total drawdown events in its tracked history. The largest drawdown on record for iShares MSCI Japan ETF was 58.9%, beginning in 2000. The longest drawdown duration on record was 4039 days.
The Drawdown Severity Score™ for iShares MSCI Japan ETF currently stands at 0.90. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range: a routine pullback.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing iShares MSCI Japan ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 80 tracked pullbacks (55 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-06-22 | Ongoing | 21 days | -4.5% | $96.97 | $92.58 | n/a |
| 2026-06-05 | 2026-06-15 | 11 days | -5.1% | $93.62 | $88.81 | $94.06 |
| 2026-02-12 | 2026-06-04 | 112 days | -13.6% | $93.46 | $80.76 | $93.62 |
| 2026-02-05 | 2026-02-06 | 2 days | -1.6% | $87.02 | $85.63 | $88.92 |
| 2026-01-30 | 2026-02-03 | 5 days | -0.4% | $85.62 | $85.26 | $86.21 |
| 2026-01-28 | 2026-01-29 | 2 days | -0.7% | $85.38 | $84.75 | $85.62 |
| 2026-01-20 | 2026-01-27 | 8 days | -2.1% | $85.02 | $83.27 | $85.38 |
| 2026-01-13 | 2026-01-15 | 3 days | -1.0% | $84.83 | $83.99 | $84.96 |
| 2026-01-06 | 2026-01-09 | 4 days | -0.3% | $82.68 | $82.41 | $84.15 |
| 2025-12-16 | 2026-01-05 | 21 days | -2.5% | $81.37 | $79.31 | $82.68 |
| 2025-11-13 | 2025-12-15 | 33 days | -5.8% | $80.86 | $76.21 | $81.37 |
| 2025-10-29 | 2025-11-12 | 15 days | -1.3% | $80.47 | $79.38 | $80.86 |
| 2025-10-21 | 2025-10-28 | 8 days | -1.6% | $80.09 | $78.79 | $80.47 |
| 2025-10-07 | 2025-10-20 | 14 days | -5.9% | $79.83 | $75.13 | $80.09 |
| 2025-09-19 | 2025-10-03 | 15 days | -1.6% | $78.13 | $76.84 | $78.40 |
| 2025-09-17 | 2025-09-18 | 2 days | -0.2% | $77.99 | $77.82 | $78.13 |
| 2025-09-12 | 2025-09-15 | 4 days | -0.7% | $77.96 | $77.43 | $77.99 |
| 2025-09-09 | 2025-09-11 | 3 days | -1.1% | $77.62 | $76.76 | $77.96 |
| 2025-08-19 | 2025-09-08 | 21 days | -3.0% | $76.99 | $74.71 | $77.62 |
| 2025-08-14 | 2025-08-15 | 2 days | -0.6% | $76.00 | $75.55 | $76.84 |
| 2025-08-11 | 2025-08-12 | 2 days | -0.2% | $74.71 | $74.58 | $75.96 |
| 2025-07-25 | 2025-08-07 | 14 days | -3.8% | $73.39 | $70.58 | $73.46 |
| 2025-06-30 | 2025-07-23 | 24 days | -4.8% | $72.17 | $68.73 | $73.33 |
| 2025-06-03 | 2025-06-27 | 25 days | -3.6% | $71.36 | $68.80 | $72.17 |
| 2025-05-28 | 2025-06-02 | 6 days | -1.8% | $71.28 | $70.00 | $71.36 |
| 2025-05-21 | 2025-05-23 | 3 days | -0.9% | $69.42 | $68.77 | $69.45 |
| 2025-05-13 | 2025-05-20 | 8 days | -1.9% | $69.23 | $67.95 | $69.42 |
| 2025-05-07 | 2025-05-12 | 6 days | -0.8% | $68.88 | $68.31 | $69.23 |
| 2025-04-30 | 2025-05-05 | 6 days | -1.2% | $68.49 | $67.68 | $68.84 |
| 2024-09-27 | 2025-04-29 | 215 days | -14.7% | $68.35 | $58.32 | $68.49 |
| 2024-09-03 | 2024-09-26 | 24 days | -5.4% | $67.39 | $63.76 | $68.35 |
| 2024-08-26 | 2024-08-30 | 5 days | -1.3% | $67.36 | $66.51 | $67.39 |
| 2024-07-17 | 2024-08-23 | 38 days | -12.2% | $67.33 | $59.11 | $67.36 |
| 2024-07-15 | 2024-07-16 | 2 days | -0.5% | $66.86 | $66.54 | $67.33 |
| 2024-03-22 | 2024-07-12 | 113 days | -7.4% | $66.77 | $61.80 | $66.86 |
| 2024-03-07 | 2024-03-20 | 13 days | -3.2% | $66.34 | $64.19 | $66.43 |
| 2021-09-16 | 2024-03-06 | 903 days | -33.1% | $65.81 | $44.00 | $66.34 |
| 2021-09-14 | 2021-09-15 | 2 days | -0.6% | $65.54 | $65.17 | $65.81 |
| 2021-09-10 | 2021-09-13 | 4 days | -0.1% | $64.72 | $64.65 | $65.54 |
| 2021-09-08 | 2021-09-09 | 2 days | -0.4% | $64.43 | $64.15 | $64.72 |
| 2021-02-17 | 2021-09-03 | 198 days | -8.9% | $63.34 | $57.67 | $63.76 |
| 2021-02-10 | 2021-02-11 | 2 days | -0.2% | $62.47 | $62.35 | $62.68 |
| 2021-01-15 | 2021-02-08 | 25 days | -4.2% | $61.63 | $59.05 | $62.13 |
| 2021-01-11 | 2021-01-14 | 4 days | -0.9% | $61.07 | $60.50 | $61.63 |
| 2021-01-07 | 2021-01-08 | 2 days | -0.2% | $60.10 | $59.97 | $61.07 |
| 2021-01-04 | 2021-01-06 | 3 days | -1.2% | $59.55 | $58.84 | $60.10 |
| 2020-12-18 | 2020-12-29 | 12 days | -1.4% | $58.84 | $58.02 | $59.34 |
| 2020-12-16 | 2020-12-17 | 2 days | -0.0% | $58.51 | $58.50 | $58.84 |
| 2020-11-30 | 2020-12-15 | 16 days | -2.8% | $58.15 | $56.53 | $58.51 |
| 2020-11-25 | 2020-11-27 | 3 days | -0.7% | $57.74 | $57.32 | $58.15 |
| 2020-11-17 | 2020-11-20 | 4 days | -1.1% | $56.44 | $55.84 | $56.84 |
| 2018-01-29 | 2020-11-09 | 1016 days | -30.7% | $54.32 | $37.65 | $55.60 |
| 2006-05-10 | 2017-05-30 | 4039 days | -54.5% | $44.11 | $20.09 | $44.18 |
| 2000-04-03 | 2006-05-02 | 2221 days | -58.9% | $42.70 | $17.55 | $42.81 |
| 2000-01-03 | 2000-03-31 | 89 days | -13.0% | $42.21 | $36.71 | $42.70 |
| 1996-04-29 | 1999-12-31 | 1342 days | -53.3% | $42.12 | $19.66 | $42.21 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
iShares MSCI Japan ETF (EWJ) is trading at $92.58 as of Jul 13, 2026. It is 4.5% below its high of $96.97. The drawdown has lasted 21 days. Severity score: 0.9 (Typical).
EWJ Price History and Drawdown Data
Latest price
$92.58
High-water mark
$96.97
Current drawdown
-4.5%
Days in drawdown
21
This EWJ page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior iShares MSCI Japan ETF drawdowns.
What History Says About EWJ
iShares MSCI Japan ETF has dropped 10%+ from its high 9 times in its tracked history. These events lasted an average of 1108 days with an average max drop of -31.6%.
The current drawdown of -4.5% has lasted 21 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Apr 2000 to May 2006 | -58.9% | 2221 days |
| May 2006 to May 2017 | -54.5% | 4039 days |
| Apr 1996 to Dec 1999 | -53.3% | 1342 days |
| Sep 2021 to Mar 2024 | -33.1% | 903 days |
| Jan 2018 to Nov 2020 | -30.7% | 1016 days |
| Sep 2024 to Apr 2025 | -14.7% | 215 days |
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