EWY — iShares MSCI South Korea ETF

EWY Price Performance — Growth of $10,000

Value of a $10,000 investment in EWY 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.

EWY Drawdown

The "underwater" chart: EWY'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 South Korea ETF (EWY) is a Single Country - Emerging market fund issued by iShares, managing $26.2 billion in assets. It holds a B grade (70.3/100) and ranks 4th out of 22 peers in its category, placing it 116th among all 458 tracked ETFs. The fund’s 0.59% expense ratio matches the category median, while its 1.35% dividend yield trails the sector median of 2.68%. Concentration is notable, with the top 10 holdings comprising 62.9% of assets, led by Samsung Electronics Co., Ltd. at 22.1%.

Price action shows the fund trading at 48.0% of its 52-week range, reflecting a sharp divergence between short-term weakness and long-term strength. Recent returns are negative across the 1-day, 1-week, 1-month, 3-month, and 6-month horizons, yet the fund has surged 47.97% year-to-date and 72.90% over the past year. This 1-year performance significantly outpaces the category median of 7.84%, driven by a 3-year return of 190.42%. The B grade has remained unchanged over the last 35 tracked days, though price history is limited to 3.0 years.

EWY exhibits Very High volatility at 57.91% annualized and a beta of 2.48, indicating it moves more than twice as much as the broader market. Despite this elevated risk, the fund has generated a Sharpe ratio of 1.17, suggesting efficient compensation for the risk taken. The maximum drawdown recorded is -34.21%, highlighting significant downside potential during market stress. Liquidity remains robust, with an average daily volume of 16,633,296 shares supporting easy entry and exit.

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

EWY Top Holdings

Holdings as of 2026-08-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 62.9% 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 EWY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWY's top 10 — FLKR overlaps most, holding 7 of the same companies as EWY's top 10 (54.7% of EWY'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: 4.96% (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.

EWY Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 16.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $26.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWY 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.

EWY Performance History

How EWY Compares to Other Single Country - Emerging ETFs