Relative Range

Updated daily · as of Jul 17, 2026

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Regions

Country and regional ETFs on the same own-history scale versus the S&P 500. Groups stay separate so a structural PE gap is never treated as a signal.

Data as of Jul 17, 2026 · Glossary

Broad Regions

Left = near own historical lows · Right = near own historical highsUp = beating S&P 500 over 12m · Down = lagging

Broad Regions · vertical axis is performance against the S&P 500 (dashed centre line = matching the S&P 500). Horizontal position is only versus each asset's own history — not a cheap/expensive call.

AAXJ

iShares MSCI All Country Asia ex Japan ETF

Near lows (26.1%)
of its 10-year range · 2,513 trading days
12m vs S&P +11.0%Trailing PE 17.8x

ILF

iShares Latin America 40 ETF

Near lows (21.2%)
of its 10-year range · 2,513 trading days
12m vs S&P +10.9%Trailing PE 12.2x

EFA

iShares MSCI EAFE ETF

Near lows (10.7%)
of its 10-year range · 2,513 trading days
12m vs S&P -1.7%Trailing PE 18.7x

VGK

Vanguard FTSE Europe ETF

Near lows (10.7%)
of its 10-year range · 2,513 trading days
12m vs S&P -3.1%Trailing PE 18.3x

EPP

iShares MSCI Pacific ex Japan ETF

Near lows (6.2%)
of its 10-year range · 2,513 trading days
12m vs S&P -4.9%Trailing PE 20.2x

VWO

Vanguard Emerging Markets Stock Index Fund

Near lows (5.6%)
of its 10-year range · 2,513 trading days
12m vs S&P -1.3%Trailing PE 16.3x

SPY

State Street SPDR S&P 500 ETF Trust

Benchmark — every ratio is measured against this
Trailing PE 26.7x

Developed Markets

Left = near own historical lows · Right = near own historical highsUp = beating S&P 500 over 12m · Down = lagging

Developed Markets · vertical axis is performance against the S&P 500 (dashed centre line = matching the S&P 500). Horizontal position is only versus each asset's own history — not a cheap/expensive call.

EWI

iShares MSCI Italy ETF

Near highs (66.9%)
of its 10-year range · 2,513 trading days
12m vs S&P +6.3%Trailing PE 15.2x

EWP

iShares MSCI Spain ETF

Near highs (63.2%)
of its 10-year range · 2,513 trading days
12m vs S&P +13.8%Trailing PE 15.4x

EWS

iShares MSCI Singapore ETF

Near lows (41.2%)
of its 10-year range · 2,513 trading days
12m vs S&P +3.9%Trailing PE 18.3x

EWC

iShares MSCI Canada ETF

Near lows (33.8%)
of its 10-year range · 2,513 trading days
12m vs S&P +7.2%Trailing PE 21.3x

EWN

iShares MSCI Netherlands ETF

Near lows (31.8%)
of its 10-year range · 2,513 trading days
12m vs S&P +5.7%Trailing PE 20.1x

EWU

iShares MSCI United Kingdom ETF

Near lows (17.7%)
of its 10-year range · 2,513 trading days
12m vs S&P +0.4%Trailing PE 18.0x

EWJ

iShares MSCI Japan ETF

Near lows (14.2%)
of its 10-year range · 2,513 trading days
12m vs S&P +3.5%Trailing PE 18.1x

EWH

iShares MSCI Hong Kong ETF

Near lows (10.8%)
of its 10-year range · 2,513 trading days
12m vs S&P -4.3%Trailing PE 17.4x

EWL

iShares MSCI Switzerland ETF

Near lows (8.4%)
of its 10-year range · 2,513 trading days
12m vs S&P -3.6%Trailing PE 24.6x

EWG

iShares MSCI Germany ETF

Near lows (5.8%)
of its 10-year range · 2,513 trading days
12m vs S&P -18.4%Trailing PE 17.4x

EWA

iShares MSCI Australia ETF

Near lows (3.8%)
of its 10-year range · 2,513 trading days
12m vs S&P -7.4%Trailing PE 21.2x

EWD

iShares MSCI Sweden ETF

Near lows (3.7%)
of its 10-year range · 2,513 trading days
12m vs S&P -6.7%Trailing PE 16.4x

EWQ

iShares MSCI France ETF

Near lows (3.1%)
of its 10-year range · 2,513 trading days
12m vs S&P -10.8%Trailing PE 18.4x

Emerging Markets

Left = near own historical lows · Right = near own historical highsUp = beating S&P 500 over 12m · Down = lagging

Emerging Markets · vertical axis is performance against the S&P 500 (dashed centre line = matching the S&P 500). Horizontal position is only versus each asset's own history — not a cheap/expensive call.

EWT

iShares MSCI Taiwan ETF

Near highs (98.5%)
of its 10-year range · 2,513 trading days
12m vs S&P +45.8%Trailing PE 27.1x

EWY

iShares MSCI South Korea ETF

Near highs (71%)
of its 10-year range · 2,513 trading days
12m vs S&P +90.4%Trailing PE 16.1x

EWW

iShares MSCI Mexico ETF

Near lows (28.6%)
of its 10-year range · 2,513 trading days
12m vs S&P +5.4%Trailing PE 12.8x

EZA

iShares MSCI South Africa ETF

Near lows (22.8%)
of its 10-year range · 2,513 trading days
12m vs S&P +2.8%Trailing PE 9.0x

EWZ

iShares MSCI Brazil ETF

Near lows (16.4%)
of its 10-year range · 2,513 trading days
12m vs S&P +4.9%Trailing PE 11.3x

THD

iShares MSCI Thailand ETF

Near lows (15.4%)
of its 10-year range · 2,513 trading days
12m vs S&P +23.1%Trailing PE 15.5x

INDA

iShares MSCI India ETF

Near lows (1.3%)
of its 10-year range · 2,513 trading days
12m vs S&P -27.8%Trailing PE 22.1x

EIDO

iShares MSCI Indonesia ETF

Near lows (1.2%)
of its 10-year range · 2,513 trading days
12m vs S&P -40.4%Trailing PE 9.7x

MCHI

iShares MSCI China ETF

Near lows (0.8%)
of its 10-year range · 2,513 trading days
12m vs S&P -19.5%Trailing PE 11.8x

KSA

iShares MSCI Saudi Arabia ETF

Near lows (0.2%)
of its 10-year range · 2,513 trading days
12m vs S&P -19.4%Trailing PE 14.5x