EWG — iShares MSCI Germany ETF

EWG Price Performance — Growth of $10,000

Value of a $10,000 investment in EWG 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.

EWG Drawdown

The "underwater" chart: EWG'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 Germany ETF (EWG) operates within the Single Country - Developed category, where ETFValuer tracks a total of 18 funds. Issued by iShares, this fund has accumulated assets under management of $1.58 billion while trading at a price of $41.94. It holds an overall rank of #388 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of D with a score of 48.0 out of 100. The fund charges an expense ratio of 0.49% and offers a dividend yield of 1.60%. The current asset size and price point reflect the fund's position relative to its peers in the broader market landscape. These metrics collectively define the fund's cost structure and income profile for potential investors.

Over the last trading day, the fund posted a return of +0.05%, followed by a weekly gain of +1.53%. Monthly performance showed further strength with a +2.47% return, while the three-month period recorded a +2.13% gain. In contrast, the six-month horizon reflects a decline of -3.43%, and year-to-date returns stand at a modest +0.52%. The one-year return is recorded at +2.67%, whereas the three-year annualized return shows a significant +58.23%. This pattern indicates a divergence between recent short-term volatility and the substantial long-term growth accumulated over the three-year period.

The fund carries a Moderate volatility label and exhibits a beta of 0.98, suggesting price movements that generally align with the broader market. A Sharpe ratio of -0.13 indicates that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded for the fund is -15.52%, highlighting the potential for significant temporary losses during market downturns. This combination of a negative Sharpe ratio and a substantial maximum drawdown implies that the fund has experienced periods where returns did not adequately compensate for the level of risk taken. While the beta near 1.0 suggests market-like sensitivity, the negative risk-adjusted metrics point to challenges in generating consistent excess returns relative to the volatility endured.

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

EWG Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 62.6% 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 EWG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWG's top 10 — EZU overlaps most, holding 4 of the same companies as EWG's top 10 (37.3% of EWG'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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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.

EWG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 1.2M/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 $1.58B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWG 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.

EWG Performance History

How EWG Compares to Other Single Country - Developed ETFs