Relative Range

Updated daily · as of Sep 18, 2026

Category hub

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 Sep 18, 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 (30.3%)
of its 10-year range · 2,513 trading days
12m vs S&P +14.9%Trailing PE 15.1x

ILF

iShares Latin America 40 ETF

Near lows (22%)
of its 10-year range · 2,513 trading days
12m vs S&P +12.0%Trailing PE 11.4x

VWO

Vanguard Emerging Markets Stock Index Fund

Near lows (10.8%)
of its 10-year range · 2,513 trading days
12m vs S&P +0.0%Trailing PE 15.8x

EFA

iShares MSCI EAFE ETF

Near lows (6.6%)
of its 10-year range · 2,513 trading days
12m vs S&P -0.8%Trailing PE 18.2x

VGK

Vanguard FTSE Europe ETF

Near lows (4.3%)
of its 10-year range · 2,513 trading days
12m vs S&P -3.0%Trailing PE 17.2x

EPP

iShares MSCI Pacific ex Japan ETF

Near lows (3.8%)
of its 10-year range · 2,513 trading days
12m vs S&P -6.4%Trailing PE 20.2x

SPY

State Street SPDR S&P 500 ETF Trust

Benchmark — every ratio is measured against this
Trailing PE 24.6x

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.

EWP

iShares MSCI Spain ETF

Near highs (62.8%)
of its 10-year range · 2,513 trading days
12m vs S&P +9.3%Trailing PE 15.8x

EWI

iShares MSCI Italy ETF

Near highs (60.4%)
of its 10-year range · 2,513 trading days
12m vs S&P +1.5%Trailing PE 14.7x

EWS

iShares MSCI Singapore ETF

Near lows (44.5%)
of its 10-year range · 2,513 trading days
12m vs S&P +1.7%Trailing PE 18.5x

EWC

iShares MSCI Canada ETF

Near lows (29.9%)
of its 10-year range · 2,513 trading days
12m vs S&P +4.5%Trailing PE 19.1x

EWN

iShares MSCI Netherlands ETF

Near lows (24%)
of its 10-year range · 2,513 trading days
12m vs S&P +10.8%Trailing PE 18.6x

EWJ

iShares MSCI Japan ETF

Near lows (22.8%)
of its 10-year range · 2,513 trading days
12m vs S&P +8.0%Trailing PE 19.3x

EWH

iShares MSCI Hong Kong ETF

Near lows (10.4%)
of its 10-year range · 2,513 trading days
12m vs S&P -7.0%Trailing PE 13.2x

EWU

iShares MSCI United Kingdom ETF

Near lows (9.9%)
of its 10-year range · 2,513 trading days
12m vs S&P -1.5%Trailing PE 16.7x

EWG

iShares MSCI Germany ETF

Near lows (5.4%)
of its 10-year range · 2,513 trading days
12m vs S&P -14.2%Trailing PE 17.5x

EWD

iShares MSCI Sweden ETF

Near lows (2.9%)
of its 10-year range · 2,513 trading days
12m vs S&P -4.7%Trailing PE 14.3x

EWL

iShares MSCI Switzerland ETF

Near lows (1.6%)
of its 10-year range · 2,513 trading days
12m vs S&P -7.7%Trailing PE 23.6x

EWA

iShares MSCI Australia ETF

Near lows (0.8%)
of its 10-year range · 2,513 trading days
12m vs S&P -8.5%Trailing PE 20.2x

EWQ

iShares MSCI France ETF

Near lows (0.1%)
of its 10-year range · 2,513 trading days
12m vs S&P -11.7%Trailing PE 17.0x

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 (99.9%)
of its 10-year range · 2,513 trading days
12m vs S&P +65.9%Trailing PE 28.2x

EWY

iShares MSCI South Korea ETF

Near highs (81.3%)
of its 10-year range · 2,513 trading days
12m vs S&P +114.4%Trailing PE 10.4x

EZA

iShares MSCI South Africa ETF

Near lows (34.1%)
of its 10-year range · 2,513 trading days
12m vs S&P +6.9%Trailing PE 9.0x

EWZ

iShares MSCI Brazil ETF

Near lows (20.5%)
of its 10-year range · 2,513 trading days
12m vs S&P +11.0%Trailing PE 10.9x

EWW

iShares MSCI Mexico ETF

Near lows (16%)
of its 10-year range · 2,513 trading days
12m vs S&P +2.3%Trailing PE 12.1x

THD

iShares MSCI Thailand ETF

Near lows (11.1%)
of its 10-year range · 2,513 trading days
12m vs S&P +9.4%Trailing PE 14.5x

EIDO

iShares MSCI Indonesia ETF

Near lows (1.2%)
of its 10-year range · 2,513 trading days
12m vs S&P -39.3%Trailing PE 9.6x

MCHI

iShares MSCI China ETF

Near lows (0.5%)
of its 10-year range · 2,513 trading days
12m vs S&P -26.3%Trailing PE 11.5x

KSA

iShares MSCI Saudi Arabia ETF

Near lows (0.3%)
of its 10-year range · 2,513 trading days
12m vs S&P -14.0%Trailing PE 14.5x

INDA

iShares MSCI India ETF

Near lows (0.1%)
of its 10-year range · 2,513 trading days
12m vs S&P -22.8%Trailing PE 22.1x