EWI — iShares MSCI Italy ETF

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.

Overview

The iShares MSCI Italy ETF (EWI) operates within the Single Country - Developed category, where it is one of 18 funds tracked by ETFValuer. Issued by iShares, the fund holds an overall rank of #140 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of B with a score of 67.9 out of 100. It charges an expense ratio of 0.5% and currently offers a dividend yield of 1.09%. Trading at a price of $60.14, the fund manages $796 million in assets under management. This asset size suggests a moderate level of investor adoption relative to the broader universe of tracked funds. The combination of its specific category ranking and overall standing reflects its position among a diverse set of international equity vehicles.

Over the most recent trading day, the fund posted a return of +0.70%, though it declined by -0.20% over the one-week period. The one-month return accelerated to +2.19%, followed by a stronger three-month gain of +8.05%. Year-to-date performance stands at +11.18%, while the six-month return reached +11.97%. The one-year return expanded significantly to +24.66%, and the three-year return shows a substantial cumulative gain of +98.68%. This trajectory indicates a pattern where short-term fluctuations have given way to sustained growth over the longer horizons of one and three years.

The fund carries a Moderate volatility label and exhibits a beta of 0.90, suggesting its price movements are slightly less sensitive to broad market shifts than the average. A Sharpe ratio of 1.07 indicates that the returns generated have been efficient relative to the amount of risk taken. Despite these positive metrics, the fund experienced a maximum drawdown of -16.80% at some point in its history. This combination of a beta below 1.0 and a Sharpe ratio above 1.0 implies a profile where the fund has delivered returns with a degree of stability, even while enduring significant temporary declines. The moderate volatility classification aligns with the observed drawdown and beta figures, characterizing the fund's behavior in both rising and falling market conditions.

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

EWI Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 69.7% 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 (17.0% of EWI'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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

EWI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 5.87% and average daily volume is 409K/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 $796M 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

How EWI Compares to Other Single Country - Developed ETFs