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 $1.82 billion in assets under management. It holds an overall rank of #354 out of 458 tracked ETFs and sits at #15 of 18 within its specific category, earning a C grade with a score of 52.5/100. The fund’s 0.49% expense ratio is slightly below the category median of 0.5%, while its 1.53% dividend yield aligns closely with the peer average of 1.52%. Concentration is notable, with the top 10 holdings representing 62.6% of assets and Siemens Aktiengesellschaft serving as the largest single position at 12.0%.

Price action shows the fund trading at $43.57, which places it at 81.4% of its 52-week range between $37.98 and $44.85. Short-term returns have been negative, with declines of -0.73% over one day, -1.49% over one week, and -1.02% over one month. In contrast, longer horizons show positive momentum, including a 1-year return of +7.51% and a 3-year return of +70.94%. However, the 1-year performance trails the category median of +26.27%, indicating relative underperformance over that specific period. The rating was upgraded from D to C on 2026-08-03, though price history is available for only 3.0 years.

With a beta of 0.98, the fund’s movements are nearly in lockstep with the broader market, while its annualized volatility of 17.58% is classified as Moderate. The Sharpe ratio of 0.14 suggests limited risk-adjusted efficiency relative to the return generated. A maximum drawdown of -15.49% highlights the potential for significant peak-to-trough losses during downturns. Liquidity is supported by an average daily volume of 1,008,137 shares, though the bid/ask spread of 4.16% indicates relatively high trading costs for investors.

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

EWG Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 62.6% 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 — EZU overlaps most, holding 4 of the same companies as EWG's top 10 (37.3% 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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

EWG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 4.16% and average daily volume is 1.0M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.82B 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