EWY

How is EWY doing right now?

In plain terms: EWY is 24.2% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

EWY (iShares MSCI South Korea ETF) is 24.2% below its historical peak. Tape reads in a deep drawdown, with the last trade at $166.09. Deep drawdowns shift the conversation from "is this a buy" to "what's broken". Sometimes it's macro. Sometimes it's the asset itself. Dipsern's data tells you which one history rewarded.

What history says at this drawdown

History at this drawdown level is well-populated for EWY — 753 confirmed observations in the 25%-to-20% band. The Dipsern engine uses these to compute a rolling median rather than a mean, because medians are robust to the kind of fat tails you find in etfs return distributions. The win rate (% of episodes that closed positive after 90 days) is shown in the segments table below.

What this means for EWY

For broad-index ETFs the historical base rate is exceptionally stable; for narrow thematic ETFs (e.g., ARKK, cannabis, leveraged), drawdowns are deeper and the sample size at each band is smaller. Deep drawdowns require a story for why this time isn't different. The Dipsern signal can tell you what historically happened next; it can't tell you whether the current setup matches the historical analog.