EWI — iShares MSCI Italy ETF
Single Country - Developed Ranked #150 of 458 tracked ETFs · Issued by iShares
EWI Price Performance — Growth of $10,000
Value of a $10,000 investment in EWI 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.
EWI Drawdown
The "underwater" chart: EWI'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.
What If You'd Invested in EWI?
See what a lump sum in EWI would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI Italy ETF (EWI) is a Single Country - Developed fund issued by iShares with $1.13 billion in assets under management. It holds an ETFValuer grade of B, ranking 10th out of 18 peers in its category and 150th among all 458 tracked ETFs. The fund charges an expense ratio of 0.5%, which aligns with the category median, while offering a dividend yield of 1.05% that trails the peer average of 1.52%. Concentration is notable, with the top 10 holdings comprising 71.2% of assets, led by a 16.3% position in UNICREDIT, SOCIETA PER AZIONI.
Price action shows the ETF trading at $61.86, sitting at 86.1% of its 52-week range. Short-term returns have been negative, with declines of 0.26% over one day and 0.59% over one week, contrasting sharply with a 19.11% gain over six months. The one-year return of 26.17% falls slightly below the category median of 27.75%, though the three-year return has reached 117.34%. The B grade has remained unchanged across the last 35 tracked days, and price history is available for 3.0 years.
With a beta of 0.88, the fund exhibits less volatility than the broader market, contributing to a Sharpe ratio of 1.17. Annualized volatility stands at 18.08%, which is labeled as Moderate, while the maximum drawdown has been recorded at -16.80%. Liquidity is supported by an average daily volume of 415,798 shares, though the bid/ask spread of 1.31% suggests moderate trading costs. These metrics collectively describe a risk profile that is below market sensitivity but carries moderate price fluctuation.
AI-generated summary based on the data on this page.
EWI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | UNICREDIT, SOCIETA PER AZIONI | 16.26% | $107M |
| 2 | INTESA SANPAOLO SPA | 12.60% | $83M |
| 3 | ENEL - SPA | 12.20% | $81M |
| 4 | PRYSMIAN S.P.A. | 6.30% | $42M |
| 5 | ENI S.P.A. | 5.21% | $34M |
| 6 | ASSICURAZIONI GENERALI SOCIETA PER AZIONI | 4.56% | $30M |
| 7 | Ferrari N.V. | 3.90% | $26M |
| 8 | LEONARDO - SOCIETA PER AZIONI | 3.88% | $26M |
| 9 | BPER BANCA S.P.A. | 3.29% | $22M |
| 10 | BANCA MONTE DEI PASCHI DI SIENA S.P.A. | 3.03% | $20M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 71.2% 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 EWI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With EWI
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWI's top 10 — IDV overlaps most, holding 2 of the same companies as EWI's top 10 (17.4% of EWI's assets).
| ETF | Name | Shared Companies | EWI Weight | Examples |
|---|---|---|---|---|
| IDV | iShares International Select Dividend ETF | 2 | 17.4% | ENEL - SPA, ENI S.P.A. |
| SCHY | Schwab International Dividend Equity ETF | 1 | 12.2% | ENEL - SPA |
| JXI | iShares Global Utilities ETF | 1 | 12.2% | ENEL - SPA |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 1 | 5.2% | ENI S.P.A. |
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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.
What EWI's Fees Cost You
EWI charges an expense ratio of 0.50% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
EWI Dividend Income Estimator
EWI currently yields 1.05%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
EWI Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 1.31% and average daily volume is 416K/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 $1.13B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: EWI 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.
EWI Performance History
| Period | Return |
|---|---|
| 1-Day | -0.26% |
| 1-Week | -0.59% |
| 1-Month | -2.06% |
| 3-Month | +8.68% |
| 6-Month | +19.11% |
| YTD | +14.36% |
| 1-Year | +26.17% |
| 3-Year | +117.34% |
How EWI Compares to Other Single Country - Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #28 | B+ |
EWP | iShares MSCI Spain ETF | +36.14% | 0.5% | $2.26B |
| #30 | B+ |
EWC | iShares MSCI Canada ETF | +28.03% | 0.5% | $6.85B |
| #52 | B+ |
DXJ | WisdomTree Japan Hedged Equity Fund | +43.32% | 0.48% | $7.35B |
| #63 | B |
FLJP | Franklin FTSE Japan ETF | +29.28% | 0.09% | $4.12B |
| #72 | B |
BBJP | JPMorgan BetaBuilders Japan ETF | +28.40% | 0.19% | $19.2B |
| #82 | B |
EWJ | iShares MSCI Japan ETF | +30.21% | 0.49% | $22.7B |
| #87 | B |
EWS | iShares MSCI Singapore ETF | +27.47% | 0.5% | $1.25B |
| #115 | B |
HEWJ | iShares Currency Hedged MSCI Japan ETF | +41.12% | 0.49% | $774M |
| #142 | B |
EIS | iShares MSCI Israel ETF | +35.58% | 0.59% | $897M |
| #150 | B |
EWI | iShares MSCI Italy ETF | +26.17% | 0.5% | $1.13B |
| #153 | B |
EWN | iShares MSCI Netherlands ETF | +37.04% | 0.5% | $627M |
| #161 | B |
EWU | iShares MSCI United Kingdom ETF | +21.38% | 0.5% | $3.79B |
| #291 | C |
EWL | iShares MSCI Switzerland ETF | +15.32% | 0.5% | $2.42B |
| #311 | C |
EWD | iShares MSCI Sweden ETF | +19.05% | 0.51% | $756M |
| #356 | C |
EWG | iShares MSCI Germany ETF | +8.30% | 0.49% | $1.82B |
| #391 | D |
EWA | iShares MSCI Australia ETF | +15.91% | 0.5% | $1.33B |
| #395 | D |
EWH | iShares MSCI Hong Kong ETF | +15.87% | 0.5% | $1.21B |
| #399 | D |
EWQ | iShares MSCI France ETF | +10.47% | 0.5% | $338M |