EWP — iShares MSCI Spain ETF
Single Country - Developed Ranked #25 of 458 tracked ETFs · Issued by iShares
EWP Price Performance — Growth of $10,000
Value of a $10,000 investment in EWP 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.
EWP Drawdown
The "underwater" chart: EWP'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 EWP?
See what a lump sum in EWP 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 Spain ETF (EWP) operates within the Single Country - Developed category, where ETFValuer tracks a total of 18 funds. Issued by iShares, this fund holds an overall rank of #25 among 458 tracked ETFs across all categories and has received an ETFValuer grade of B+ with a score of 77.9 out of 100. The fund carries an expense ratio of 0.5% and offers a dividend yield of 1.17%. Currently trading at a price of $59.02, the ETF manages assets under management totaling $1.89 billion. 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 indicates a position that is distinct from the median fund in the broader market.
Recent price action shows a decline of 1.85% over the last day and a further drop of 0.44% over the past week. Over the last month, the fund posted a marginal return of -0.02% before shifting to positive territory with a 5.61% gain over three months. The upward trend accelerated over the next six months, delivering a return of 9.88%, while year-to-date performance stands at 9.62%. Longer-term results demonstrate significant growth, with a one-year return of 35.92% and a three-year return of 120.27%. This pattern indicates a divergence where short-term fluctuations contrast sharply with strong multi-year appreciation. Peer funds in the same category, such as EWC and DXJ, show different one-year returns of 26.61% and 54.24% respectively.
The fund is assigned a Moderate volatility label and exhibits a beta of 0.86, suggesting price movements that are generally less sensitive than the broader market. A Sharpe ratio of 1.65 indicates that the returns generated have been efficient relative to the amount of risk taken during the measured period. Despite the positive risk-adjusted returns, the fund experienced a maximum drawdown of -12.19% at some point in its history. This combination of a beta below 1.0 and a substantial Sharpe ratio implies the fund has offered steady gains with controlled downside sensitivity during up markets. However, the recorded drawdown highlights that the fund remains exposed to significant temporary declines even with its moderate volatility classification.
AI-generated summary based on the data on this page.
EWP Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Banco Santander SA | 18.49% | $351M |
| 2 | Iberdrola SA | 14.22% | $270M |
| 3 | Banco Bilbao Vizcaya Argentaria SA | 12.37% | $235M |
| 4 | Ferrovial SE | 4.66% | $89M |
| 5 | Industria de Diseno Textil SA | 4.65% | $88M |
| 6 | ACS Actividades de Construccion y Servicios SA | 4.55% | $86M |
| 7 | Repsol SA | 4.53% | $86M |
| 8 | CaixaBank SA | 4.46% | $85M |
| 9 | Aena SME SA | 3.73% | $71M |
| 10 | Banco de Sabadell SA | 3.46% | $66M |
Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.1% 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 EWP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With EWP
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWP's top 10 — FEZ overlaps most, holding 2 of the same companies as EWP's top 10 (32.7% of EWP's assets).
| ETF | Name | Shared Companies | EWP Weight | Examples |
|---|---|---|---|---|
| FEZ | State Street SPDR EURO STOXX 50 ETF | 2 | 32.7% | Banco Santander SA, Iberdrola SA |
| VGK | Vanguard FTSE Europe ETF | 1 | 18.5% | Banco Santander SA |
| IBND | State Street SPDR Bloomberg International Corporate Bond ETF | 1 | 18.5% | Banco Santander SA |
| VIGI | Vanguard International Dividend Appreciation Index Fund ETF Shares | 1 | 14.2% | Iberdrola SA |
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.
What EWP's Fees Cost You
EWP 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.
EWP Dividend Income Estimator
EWP currently yields 1.17%. 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.
EWP Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 5.91% and average daily volume is 359K/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 $1.89B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: EWP 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.
EWP Performance History
| Period | Return |
|---|---|
| 1-Day | -1.85% |
| 1-Week | -0.44% |
| 1-Month | -0.02% |
| 3-Month | +5.61% |
| 6-Month | +9.88% |
| YTD | +9.62% |
| 1-Year | +35.92% |
| 3-Year | +120.27% |
How EWP Compares to Other Single Country - Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #25 | B+ |
EWP | iShares MSCI Spain ETF | +35.92% | 0.5% | $1.89B |
| #30 | B+ |
EWC | iShares MSCI Canada ETF | +26.61% | 0.5% | $5.96B |
| #40 | B+ |
DXJ | WisdomTree Japan Hedged Equity Fund | +54.24% | 0.48% | $7.08B |
| #50 | B |
BBJP | JPMorgan BetaBuilders Japan ETF | +28.80% | 0.19% | $17.6B |
| #53 | B |
FLJP | Franklin FTSE Japan ETF | +29.62% | 0.09% | $3.79B |
| #75 | B |
EWJ | iShares MSCI Japan ETF | +30.20% | 0.49% | $22.3B |
| #90 | B |
HEWJ | iShares Currency Hedged MSCI Japan ETF | +50.13% | 0.49% | $725M |
| #135 | B |
EWI | iShares MSCI Italy ETF | +27.08% | 0.5% | $796M |
| #165 | B |
EWU | iShares MSCI United Kingdom ETF | +19.43% | 0.5% | $3.67B |
| #183 | C |
EWS | iShares MSCI Singapore ETF | +20.75% | 0.5% | $922M |
| #187 | C |
EWN | iShares MSCI Netherlands ETF | +31.81% | 0.5% | $559M |
| #233 | C |
EIS | iShares MSCI Israel ETF | +26.83% | 0.59% | $898M |
| #301 | C |
EWL | iShares MSCI Switzerland ETF | +14.56% | 0.5% | $1.97B |
| #386 | D |
EWD | iShares MSCI Sweden ETF | +13.93% | 0.51% | $285M |
| #392 | D |
EWA | iShares MSCI Australia ETF | +10.68% | 0.5% | $1.45B |
| #393 | D |
EWH | iShares MSCI Hong Kong ETF | +13.31% | 0.5% | $1.13B |
| #394 | D |
EWQ | iShares MSCI France ETF | +6.55% | 0.5% | $381M |
| #401 | D |
EWG | iShares MSCI Germany ETF | -2.39% | 0.49% | $1.58B |