EWP — iShares MSCI Spain ETF
Single Country - Developed Ranked #76 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 is a Single Country - Developed fund issued by iShares with $2.38 billion in assets under management. It holds an overall rank of #76 out of 458 tracked ETFs and sits at #3 of 18 within its specific category. The fund carries an ETFValuer grade of B, reflecting a score of 73.2 out of 100. Its expense ratio of 0.5% aligns with the category median, while its dividend yield of 2.89% trails the category median of 3.49%. The top ten holdings account for 75.8% of assets, with Banco Santander, S.A. representing the largest single position at 19.8%.
The fund’s price of $57.49 sits at 57.8% of its 52-week range, indicating a position closer to the upper end of recent trading bounds. Short-term performance shows weakness, with one-month and three-month returns of -5.41% and -5.27% respectively. In contrast, longer-term horizons demonstrate strength, with one-year returns of +20.03% outperforming the category median of +15.82%. The three-year return stands at +136.75%, highlighting significant long-term growth. The rating was downgraded from B+ to B on 2026-10-01, and price history is available for only 3.0 years.
With a beta of 0.88, the ETF has historically exhibited less volatility than the broader market. Annualized volatility of 19.35% is classified as Moderate, while the maximum drawdown has reached -12.19%. A Sharpe ratio of 0.78 suggests the fund has generated reasonable risk-adjusted returns relative to its volatility. Liquidity is supported by an average daily volume of 482,289 shares. These metrics collectively describe a fund that has managed downside risk moderately well while maintaining adequate trading activity.
AI-generated summary based on the data on this page.
EWP Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Banco Santander, S.A. | 19.83% | $448M |
| 2 | Banco Bilbao Vizcaya Argentaria, S.A. | 14.39% | $325M |
| 3 | Iberdrola, S.A. | 13.14% | $297M |
| 4 | CaixaBank, S.A. | 4.72% | $107M |
| 5 | Repsol, S.A. | 4.66% | $105M |
| 6 | Industria de Diseno Textil, S.A. | 4.59% | $104M |
| 7 | Amadeus IT Group, S.A. | 4.07% | $92M |
| 8 | Ferrovial N.V. | 3.55% | $80M |
| 9 | Banco de Sabadell, S.A. | 3.52% | $79M |
| 10 | Aena, S.M.E., S.A. | 3.34% | $75M |
Holdings as of 2026-08-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.8% 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 — EZU overlaps most, holding 3 of the same companies as EWP's top 10 (47.4% of EWP's assets).
| ETF | Name | Shared Companies | EWP Weight | Examples |
|---|---|---|---|---|
| EZU | iShares MSCI Eurozone ETF | 3 | 47.4% | Banco Santander, S.A., Banco Bilbao Vizcaya Argentaria, S.A., Iberdrola, S.A. |
| IEUR | iShares Core MSCI Europe ETF | 1 | 19.8% | Banco Santander, S.A. |
| IEV | iShares Europe ETF | 1 | 19.8% | Banco Santander, S.A. |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 1 | 13.1% | Iberdrola, S.A. |
| JXI | iShares Global Utilities ETF | 1 | 13.1% | Iberdrola, S.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: 4.96% (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.
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 2.89%. 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: Average daily volume is 482K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $2.38B 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 | -0.03% |
| 1-Week | -1.34% |
| 1-Month | -5.41% |
| 3-Month | -5.27% |
| 6-Month | +4.36% |
| YTD | +6.78% |
| 1-Year | +20.03% |
| 3-Year | +136.75% |
How EWP Compares to Other Single Country - Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #21 | B+ |
EWC | iShares MSCI Canada ETF | +22.55% | 0.5% | $7.02B |
| #58 | B |
DXJ | WisdomTree Japan Hedged Equity Fund | +33.42% | 0.48% | $7.09B |
| #76 | B |
EWP | iShares MSCI Spain ETF | +20.03% | 0.5% | $2.38B |
| #81 | B |
FLJP | Franklin FTSE Japan ETF | +19.22% | 0.09% | $4.17B |
| #88 | B |
BBJP | JPMorgan BetaBuilders Japan ETF | +17.99% | 0.19% | $19.7B |
| #108 | B |
EWJ | iShares MSCI Japan ETF | +19.43% | 0.49% | $23.5B |
| #136 | B |
EWU | iShares MSCI United Kingdom ETF | +15.85% | 0.5% | $3.67B |
| #137 | B |
EIS | iShares MSCI Israel ETF | +23.80% | 0.59% | $874M |
| #147 | B |
HEWJ | iShares Currency Hedged MSCI Japan ETF | +26.79% | 0.49% | $653M |
| #166 | B |
EWS | iShares MSCI Singapore ETF | +15.79% | 0.5% | $1.43B |
| #231 | C |
EWL | iShares MSCI Switzerland ETF | +12.29% | 0.5% | $2.67B |
| #240 | C |
EWI | iShares MSCI Italy ETF | +12.12% | 0.5% | $1.17B |
| #272 | C |
EWN | iShares MSCI Netherlands ETF | +15.03% | 0.5% | $710M |
| #347 | C |
EWD | iShares MSCI Sweden ETF | +7.98% | 0.51% | $947M |
| #360 | C |
EWG | iShares MSCI Germany ETF | +0.78% | 0.49% | $1.47B |
| #366 | D |
EWA | iShares MSCI Australia ETF | +10.95% | 0.5% | $1.21B |
| #386 | D |
EWH | iShares MSCI Hong Kong ETF | +8.37% | 0.5% | $1.17B |
| #413 | D |
EWQ | iShares MSCI France ETF | -5.20% | 0.5% | $341M |