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 $27.7 billion in assets. It holds a B grade with a score of 73.2 out of 100, ranking 3rd among 22 peers in its category and 68th of 458 tracked ETFs overall. The fund’s 0.59% expense ratio matches the category median, but its 0.35% dividend yield trails the peer average of 2.24%. Concentration is notable, with the top ten holdings comprising 73.5% of assets and SK hynix Inc. representing the largest single position at 30.9%.

Price action has been robust, with the fund trading at $188.87, which sits at 78.2% of its 52-week range. Returns have accelerated significantly over longer horizons, posting a 164.28% gain over the past year and 227.19% over three years, far exceeding the category median one-year return of 20.78%. Short-term momentum remains strong, with gains of 4.60% over one day and 15.08% over one month. The ETFValuer grade of B has remained unchanged across the last 35 tracked days, despite the fund having only 3.0 years of price history available.

The fund exhibits Very High volatility at 55.95% annualized, accompanied by a beta of 2.50, indicating it moves 2.5 times the market. This high sensitivity contributed to a maximum drawdown of -34.21%, yet the Sharpe ratio of 2.85 suggests strong risk-adjusted returns relative to that volatility. Liquidity is substantial, with an average daily volume of 21,046,655 shares and a tight bid-ask spread of 0.21%. These metrics collectively describe a vehicle that has delivered exceptional returns despite significant price swings and market leverage.

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

EWY Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 73.5% 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 (66.3% 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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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.

EWY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.21% and average daily volume is 21.0M/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 $27.7B 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