EWP — iShares MSCI Spain ETF
Single Country - Developed Ranked #31 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) is a Single Country - Developed fund issued by iShares, managing $2.26 billion in assets. It holds a B+ grade with a score of 77.2 out of 100, ranking 1 of 18 within its category and 31 of 458 across all tracked ETFs. The fund charges an expense ratio of 0.5%, which aligns with the category median. Its dividend yield of 1.10% trails the category median of 1.52%. The top ten holdings comprise 73.7% of assets, with Banco Santander, S.A. representing the largest position at 17.9%.
Price history is available for 3.0 years, and the grade has remained unchanged at B+ over the last 35 tracked days. The fund is currently priced at $62.22, sitting at 92.2% of its 52-week range. Short-term performance shows declines over the last day (-0.84%), week (-0.29%), and month (-0.70%). Conversely, longer horizons display strong gains, with returns of +11.57% over three months and +34.65% over one year. The one-year return of +34.65% exceeds the category median of +26.27%. Three-year returns stand at +146.91%.
The fund exhibits a beta of 0.87, indicating it moves 87% as much as the market. Annualized volatility is 18.76%, which is labeled as Moderate. A Sharpe ratio of 1.58 suggests favorable risk-adjusted returns relative to the risk taken. The maximum drawdown recorded is -12.19%. Liquidity is supported by an average daily volume of 339,730 shares.
AI-generated summary based on the data on this page.
EWP Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Banco Santander, S.A. | 17.92% | $303M |
| 2 | Iberdrola, S.A. | 13.66% | $231M |
| 3 | Banco Bilbao Vizcaya Argentaria, S.A. | 12.06% | $204M |
| 4 | Repsol, S.A. | 5.02% | $85M |
| 5 | CaixaBank, S.A. | 4.88% | $82M |
| 6 | ACS, Actividades de Construccion y Servicios, S.A. | 4.53% | $77M |
| 7 | Ferrovial N.V. | 4.12% | $70M |
| 8 | Amadeus IT Group, S.A. | 4.07% | $69M |
| 9 | Industria de Diseno Textil, S.A. | 4.01% | $68M |
| 10 | Aena, S.M.E., S.A. | 3.43% | $58M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 73.7% 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 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 2 of the same companies as EWP's top 10 (31.6% of EWP's assets).
| ETF | Name | Shared Companies | EWP Weight | Examples |
|---|---|---|---|---|
| EZU | iShares MSCI Eurozone ETF | 2 | 31.6% | Banco Santander, S.A., Iberdrola, S.A. |
| EFV | iShares MSCI EAFE Value ETF | 1 | 17.9% | Banco Santander, S.A. |
| IEUR | iShares Core MSCI Europe ETF | 1 | 17.9% | Banco Santander, S.A. |
| IEV | iShares Europe ETF | 1 | 17.9% | Banco Santander, S.A. |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 1 | 13.7% | 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: 4.78% (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.
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 1.10%. 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 — and average daily volume is 340K/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 $2.26B 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 | -0.84% |
| 1-Week | -0.29% |
| 1-Month | -0.70% |
| 3-Month | +11.57% |
| 6-Month | +17.41% |
| YTD | +15.57% |
| 1-Year | +34.65% |
| 3-Year | +146.91% |
How EWP Compares to Other Single Country - Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #31 | B+ |
EWP | iShares MSCI Spain ETF | +34.65% | 0.5% | $2.26B |
| #35 | B+ |
EWC | iShares MSCI Canada ETF | +26.76% | 0.5% | $6.85B |
| #64 | B+ |
DXJ | WisdomTree Japan Hedged Equity Fund | +39.47% | 0.48% | $7.35B |
| #70 | B |
FLJP | Franklin FTSE Japan ETF | +27.66% | 0.09% | $4.12B |
| #74 | B |
BBJP | JPMorgan BetaBuilders Japan ETF | +27.21% | 0.19% | $19.2B |
| #86 | B |
EWJ | iShares MSCI Japan ETF | +29.04% | 0.49% | $22.7B |
| #99 | B |
EWS | iShares MSCI Singapore ETF | +25.30% | 0.5% | $1.25B |
| #119 | B |
HEWJ | iShares Currency Hedged MSCI Japan ETF | +38.81% | 0.49% | $774M |
| #143 | B |
EWI | iShares MSCI Italy ETF | +25.77% | 0.5% | $1.13B |
| #149 | B |
EIS | iShares MSCI Israel ETF | +33.97% | 0.59% | $897M |
| #152 | B |
EWN | iShares MSCI Netherlands ETF | +35.85% | 0.5% | $627M |
| #161 | B |
EWU | iShares MSCI United Kingdom ETF | +20.31% | 0.5% | $3.79B |
| #315 | C |
EWD | iShares MSCI Sweden ETF | +16.86% | 0.51% | $756M |
| #329 | C |
EWL | iShares MSCI Switzerland ETF | +11.45% | 0.5% | $2.42B |
| #354 | C |
EWG | iShares MSCI Germany ETF | +7.51% | 0.49% | $1.82B |
| #389 | D |
EWA | iShares MSCI Australia ETF | +14.90% | 0.5% | $1.33B |
| #396 | D |
EWQ | iShares MSCI France ETF | +10.31% | 0.5% | $338M |
| #398 | D |
EWH | iShares MSCI Hong Kong ETF | +13.54% | 0.5% | $1.21B |