EWG — iShares MSCI Germany ETF

EWG Price Performance — Growth of $10,000

Value of a $10,000 investment in EWG over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

EWG Drawdown

The "underwater" chart: EWG's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI Germany ETF (EWG) is a Single Country - Developed fund issued by iShares with $1.47 billion in assets under management. It holds an ETFValuer grade of C, ranking 15th out of 18 peers in its category and 360th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.49%, which sits slightly below the category median of 0.5%. With a dividend yield of 3.69%, it offers income that exceeds the category median of 3.49%. The top 10 holdings comprise 63.0% of assets, led by Siemens Aktiengesellschaft at 12.2%.

Price action shows the ETF trading at $40.94, which is 43.1% of the way through its 52-week range. Short-term returns are negative across the one-day, one-week, one-month, three-month, six-month, and year-to-date periods. In contrast, the one-year return is positive at +0.78%, though this lags the category median of +15.82%. The three-year return stands at +73.29%, indicating a divergence between recent short-term weakness and longer-term gains. The rating has remained unchanged at grade C over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a beta of 0.98, suggesting its movements closely track the broader market. Annualized volatility is recorded at 17.89%, which is labeled as Moderate. A Sharpe ratio of -0.24 indicates that risk-adjusted returns have been negative relative to the risk-free rate. The maximum drawdown of -15.49% highlights the peak-to-trough decline experienced during the measurement period. Liquidity is supported by an average daily volume of 959,800 shares.

AI-generated summary based on the data on this page.

EWG Top Holdings

Holdings as of 2026-08-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 63.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EWG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWG's top 10 — ESGD overlaps most, holding 3 of the same companies as EWG's top 10 (33.4% of EWG's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

EWG Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 960K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.47B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWG is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

EWG Performance History

How EWG Compares to Other Single Country - Developed ETFs