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EWM vs THD

iShares MSCI Malaysia ETF

EWMBNYSE Arca

iShares MSCI Thailand ETF

THDCNYSE Arca

Overlap

Expense ratio

EWM −0.09pt a year

EWM0.50%THD0.59%

Avg volume · 30D

EWM 3.0×the volume

EWM214KTHD71.7K

10Y return · a year

EWM +0.1pt

EWM+2.5%THD+2.4%

EWM vs THD Performance

Nov 2, 2021 – Nov 2, 2026

+26.3%EWM+4.5%THD

Nov 2, 2021 to Nov 2, 2026. EWM +26.3%. THD +4.5%. Use the arrow keys to read each point.−20%40%Nov 2021May 2024Nov 2026
Expense ratio
EWM 0.50%, better
THD 0.59%
Fund size
EWM $230M
THD $393M
1Y total return
EWM +8.2%
THD +16.5%, better
Yield (12M)
EWM 3.70%
THD 3.70%
Holdings
EWM 25
THD 85
Avg volume (30D)
EWM 214K sh, better
THD 71.7K sh
NAV per share
EWM $26.87
THD $68.86
52W range

ETF.net Grade

EWM: Cost 88, Risk 78, Mission 43, Tradability 55, Holdings 41, Durability 56. THD: Cost 50, Risk 59, Mission 47, Tradability 40, Holdings 75, Durability 65.
Pillar letters and Scores for EWM, THD, with each pillar’s weight
PillarEWMTHD
Cost30% weightA88HigherC50
Mission25% weightC43C47Higher
Risk15% weightA78HigherB59
Tradability15% weightB55HigherC40
Holdings10% weightC41A75Higher
Durability5% weightB56B65Higher

Rank among Emerging Markets Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EWM and THD are both graded against the same 21 Emerging Markets Single Country funds, so their Grades compare head to head.

Emerging Markets Single Country⁠

Category · 21 funds
See all 21 ›

EWM ranks 3rd and THD 8th of 21 funds in the Emerging Markets Single Country Category.

  1. Rank 1AEWWiShares MSCI Mexico ETFScore 76
  2. Rank 2BFLMXFranklin FTSE Mexico ETFScore 70
  3. Rank 3BEPOLiShares MSCI Poland ETFScore 64
  4. Rank 3BEWMiShares MSCI Malaysia ETFScore 64
  5. Rank 5BEZAiShares MSCI South Africa ETFScore 61
  6. Rank 7CUAEiShares MSCI UAE ETFScore 54
  7. Rank 8CTHDiShares MSCI Thailand ETFScore 52
  8. Rank 9CEPUiShares MSCI Peru and Global Exposure ETFScore 51

Our read on each fund

ETF.net Research

EWMBiShares MSCI Malaysia ETF

THDCiShares MSCI Thailand ETF

In short

EWM Malaysia in one ticker, running since 1996. EWM tracks the MSCI Malaysia index, a cap-weighted slice of Kuala Lumpur's largest listed companies, and charges less than the typical single-country emerging markets fund.

THD Since 2008, THD has been the single-ticker route into Thai stocks from a US brokerage account. Its MSCI index is all-cap, reaching roughly 99% of Thailand's free float, so mid and small caps ride along with the giants.

Stated mandate

EWM The fund seeks to track an index composed of Malaysian equities.

THD The fund seeks to track an index made up of Thai equities, providing targeted exposure to companies in Thailand.

Why people hold it

  • EWM Listed in 1996, which puts it among the oldest ETFs still trading. Nearly three decades of doing one job: hold Malaysian equities, track the index.ishares.com
  • 0.50% a year, under the median for its single-country emerging markets peer group and below iShares siblings EPOL and EZA at 0.59%.
  • Sits in the upper tier of the single-country emerging markets funds we grade, helped by a low fee and a milder volatility profile than much of that group.
  • No guesswork about the mandate: BlackRock builds it as a way to express a single-country view on Malaysian companies, and the index name is right on the tin.ishares.com
  • THD All-cap by design: large, mid and small Thai names, covering roughly 99% of the market's free float instead of a blue-chip slice.msci.com
  • Trading since 2008 on the iShares platform, it is the long-standing way to hold a basket of Thai equities without opening a foreign account.ishares.com
  • The index applies the US tax code's fund diversification limits, so no single Thai company can dominate it. Roughly 80 holdings spread the exposure.msci.com

Worth knowing

  • EWM Market-cap weighting in a modest-sized market means a short list of Kuala Lumpur heavyweights drives most of the fund's day-to-day move.stockanalysis.com
  • One country, one currency. The holdings trade in ringgit and the fund is unhedged, so currency moves against the dollar land in your return alongside the stocks.ishares.com
  • Volume is moderate rather than deep, and payouts arrive once or twice a year instead of quarterly. Limit orders are the friendlier way in and out.
  • THD 0.59% a year, right at the median for single-country emerging-market funds. Cheaper wrappers exist in the group (FLMX charges 0.19%), just not for Thailand.
  • One country, one currency. Baht moves and Thailand-specific news land straight in the price, with no other market in the basket to offset them.ishares.com
  • Distributions come once or twice a year rather than monthly, so any income arrives in lumps.

Full EWM profile⁠

Full THD profile⁠

EWM vs THD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EWM vs THD Cost

Overpaying THD vs EWM

$1,656

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EWM 0.50%

    $9,979

  • THD 0.59%

    $11,635

$10,000
30 years

Cost over time

  • EWM 0.50%
  • THD 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530THD $11,635EWM $9,979

Year by year

YearEWMTHDOverpaying
10$900$1,058$158
20$3,460$4,051$591
30$9,979$11,635$1,656

Expense ratio

  • 0.50%EWM, cheaper
  • 0.59%THD
  • Middle half of Emerging Markets Single Country funds
  • Median 0.59%

EWM 3rd cheapest of 21 funds

THD 7th cheapest of 21 funds

EWM vs THD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EWM 3.70%
THD 3.70%
Payout (12M)
EWM $1.00
THD $2.53
Last payment
EWM $0.57
THD $1.71
Ex-dividend
EWM Jun 15, 2026
THD Jun 15, 2026
Paid on
EWM Jun 18, 2026
THD Jun 18, 2026
Frequency
EWM Twice a year
THD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWMTwice a year · 18 paymentsAll EWM payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.35; Dec 19, 2017 $1.49; Jun 19, 2018 $0.64; Dec 18, 2018 $0.51; Jun 17, 2019 $0.52; Dec 16, 2019 $0.31; Jun 15, 2020 $0.54; Jun 10, 2021 $0.84; Dec 13, 2021 $0.78; Jun 9, 2022 $0.47; Dec 13, 2022 $0.22; Jun 7, 2023 $0.37; Dec 20, 2023 $0.37; Jun 11, 2024 $0.36; Dec 17, 2024 $0.45; Jun 16, 2025 $0.51; Dec 16, 2025 $0.43; Jun 15, 2026 $0.57. Use the arrow keys to read each point.$0$22017202020232026YTD
THDTwice a year · 20 paymentsAll THD payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $1.37; Dec 19, 2017 $0.63; Jun 19, 2018 $1.52; Dec 18, 2018 $0.61; Jun 17, 2019 $1.44; Dec 16, 2019 $0.62; Dec 30, 2019 $0.06; Jun 15, 2020 $1.33; Dec 14, 2020 $0.45; Jun 10, 2021 $1.28; Dec 13, 2021 $1.12; Jun 9, 2022 $1.23; Dec 13, 2022 $0.58; Jun 7, 2023 $1.21; Dec 20, 2023 $0.66; Jun 11, 2024 $1.14; Dec 17, 2024 $0.77; Jun 16, 2025 $1.20; Dec 16, 2025 $0.81; Jun 15, 2026 $1.71. Use the arrow keys to read each point.$0$22017202020232026YTD

EWM vs THD Risk

Fall from peak · 5 years

  • EWM
  • THD
Nov 2, 2021 to Nov 2, 2026. Worst fall: THD −40.2% · Apr 2025. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
EWM 13.0%, betterTHD 20.0%
Return per unit of riskSharpe ratio, 3 years
EWM 0.68, betterTHD 0.27
Worst fallMax drawdown, 5 years
EWM −22.2%, betterTHD −40.2%
Market sensitivityBeta, 5 years
EWM 0.46THD 0.84

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