EWI — iShares MSCI Italy ETF

EWI Price Performance — Growth of $10,000

Value of a $10,000 investment in EWI 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.

EWI Drawdown

The "underwater" chart: EWI'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 Italy ETF (EWI) operates within the Single Country - Developed category, where ETFValuer tracks a total of 18 funds. Issued by iShares, this fund holds an overall rank of #132 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of B with a score of 68.5 out of 100. The fund charges an expense ratio of 0.5% and offers a dividend yield of 1.07%. With assets under management totaling $796 million and a current price of $60.47, the fund demonstrates significant scale relative to its category peers. These metrics suggest a well-established vehicle that balances cost and income generation within the developed single-country segment.

Over the most recent trading day, the fund declined by 0.49%, while the one-week return was a modest -0.08%. Momentum improved over the one-month period with a gain of 3.14%, followed by a stronger 3-month return of 7.84%. The six-month performance accelerated further to 11.33%, and year-to-date returns reached 11.79%. Annual returns have shown substantial growth at 26.05%, while the three-year horizon reflects a significant cumulative return of 106.04%. This trajectory indicates a pattern where short-term fluctuations have given way to sustained long-term appreciation.

The fund is assigned a Moderate volatility label and exhibits a beta of 0.90, suggesting price movements that are slightly less sensitive than the broader market. A Sharpe ratio of 1.15 indicates that the fund has generated a favorable amount of return per unit of risk taken over the measured period. However, the maximum drawdown of -16.80% highlights the potential for significant temporary losses during market downturns. This combination of moderate volatility and a beta below 1.0 implies the fund may offer some downside protection relative to the market, yet the drawdown figure confirms that investors must be prepared for notable declines. The positive Sharpe ratio alongside the drawdown suggests that while the fund experiences periods of stress, the overall risk-adjusted returns have remained robust.

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

EWI Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 71.2% 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 EWI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWI's top 10 — IDV overlaps most, holding 2 of the same companies as EWI's top 10 (17.4% of EWI'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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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.

EWI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 422K/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 $796M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWI 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.

EWI Performance History

How EWI Compares to Other Single Country - Developed ETFs