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EWG

GradeBNew York Stock Exchange Arca

iShares MSCI Germany ETF

Countries & Regions · IShares · Inception 1996-03-11 · SEC filings

$41.88−0.77 (−1.79%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 42.65 to 41.88. Range 41.72 to 42.16. Use the arrow keys to read each point.$41.80$42.00$42.2010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$1.6B
1Y return
+5.5%
Yield · Last 12 months
1.95%
Holdings
50
Volume · 30D
1M sh
NAV per share
$42.58
52W range
low $37.98high $44.85

The ETF.net EWG Grade

B

66/ 100

Rank 7 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for EWG. Scores out of 100: Cost 55, Risk 47, Mission 88, Tradability 80, Holdings 52, Durability 75. Strongest: Mission (88). Weakest: Risk (47). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank14/38 · top 37%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 88
    Category rank2/35 · top 6%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank18/37 · top 49%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank5/38 · top 13%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 52
    Category rank20/36 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 75
    Category rank7/38 · top 18%

Graded as of Sep 22, 2026

Our read on EWG

ETF.net Research

BGermany in one ticker, and it has been doing that job since 1996. Roughly 50 large German companies, tracked closely, at a fee a hair under the typical single-country fund.

Stated mandate

The fund seeks to track an index of German equities, providing targeted exposure to companies in Germany.

Why people hold it

  1. 01Trading since 1996, it is one of the original single-country ETFs, and it stays actively traded with billions in assets behind it.
  2. 02Sticks closely to its benchmark, the MSCI Germany Index, so the index is a fair read on what the fund is doing.
  3. 03The 0.49% fee lands just under the typical developed single-country fund, and it buys the German blue-chip market in one trade.
  4. 04Rated among the stronger implementations in its developed single-country peer group.

Worth knowing

  1. 01About 50 stocks in one economy: a handful of German industrial and financial giants carry much of the weight.
  2. 02Cheaper entries into single-country developed markets exist (Franklin's FLAU charges 0.09%), though they track different countries.
  3. 03Distributions land once or twice a year, not monthly.

EWG Holdings

As of Sep 22, 2026, 3:22 AM
Asset class
Stocks
Holdings
50
Top-10 weight
63%
Largest holding
SIE.DE11.6%

Sectors

  • Industrials28.7%
  • Financials23.2%
  • Technology15.9%
  • Consumer Discr.7.4%
  • Health Care7.0%
  • Communication5.6%
  • Materials5.4%
  • Utilities4.6%
  • Cons. Staples1.5%
  • Real Estate0.8%

Geography

  • Germany99.53%
  • Netherlands0.46%
  • United States0.01%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SIE.DESIEMENS N AG11.59%599,903$182M152
002SAP.DESAP11.27%840,541$176M163
003ALV.DEALLIANZ10.24%315,495$160M158
004ENR.DESIEMENS ENERGY N AG6.60%642,726$103M165
005DTE.DEDEUTSCHE TELEKOM N AG5.59%2,815,432$87M151
006IFX.DEINFINEON TECHNOLOGIES AG4.43%1,083,035$69M170
007MUV2.DEMUENCHENER RUECKVERSICHERUNGS-GESE3.90%105,302$61M143
008DBK.DEDEUTSCHE BANK AG3.45%1,426,047$54M117
009DHL.DEDHL AG3.13%762,980$49M144
010DB1.DEDEUTSCHE BOERSE AG3.07%150,652$48M140
011RHM.DERHEINMETALL AG2.87%38,805$45M125
012BAYN.DEBAYER AG2.87%814,756$45M133
013BAS.DEBASF N2.73%721,687$43M112
014EOAN.DEE.ON N2.37%1,861,944$37M134
015RWE.DERWE AG2.36%533,670$37M131

Showing 1–15 of 54 holdings

EWG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EWG$10,547
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EWG $10,547. SPY $11,723. Use the arrow keys to read each point.$9,063$10,512$11,962Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EWG. Periods over one year show the average yearly return.
PeriodEWG
Year to date+2.3%
1 month−3.5%
3 months+2.7%
1 year+5.5%
3 years+19.3%per year
5 years+7.4%per year
10 years+7.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EWG
YearReturn barEWG
2026 YTD+2.3%
2025+35.8%
2024+9.8%
2023+23.4%
2022−22.2%
2021+4.1%
2020+10.6%

EWG in the news

EWG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.95%Last 12 months
Payout per share
$0.83Last 12 months
Last payment
$0.83 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 17 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.60; Dec 19, 2017 $0.08; Jun 19, 2018 $0.74; Jun 17, 2019 $0.74; Jun 15, 2020 $0.28; Dec 14, 2020 $0.39; Jun 10, 2021 $0.60; Jun 10, 2021 $0.60; Dec 13, 2021 $0.04; Dec 30, 2021 $0.25; Jun 9, 2022 $0.79; Dec 13, 2022 $0.009; Jun 7, 2023 $0.76; Dec 20, 2023 $0.0015; Jun 11, 2024 $0.76; Jun 16, 2025 $0.68; Jun 15, 2026 $0.83. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.83
Jun 16, 2025Jun 20, 2025$0.68
Jun 11, 2024Jun 17, 2024$0.76
Dec 20, 2023Dec 27, 2023$0.0015
Jun 7, 2023Jun 13, 2023$0.76
Dec 13, 2022Dec 19, 2022$0.009
Jun 9, 2022Jun 15, 2022$0.79
Dec 30, 2021Jan 5, 2022$0.25
Dec 13, 2021Dec 17, 2021$0.04
Jun 10, 2021Jun 16, 2021$0.60
Jun 10, 2021Jun 16, 2021$0.60
Dec 14, 2020Dec 18, 2020$0.39

EWG Risk

How much the fund’s monthly returns vary, scaled to a year.
15.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.89
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−41.4%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EWG Cost

Expense ratio0.49%
  • The middle half of Developed Single Country funds
  • Median 0.50%

9 of the 38 Developed Single Country funds charge less.

EWG costs $49.00 a year on $10,000. The median Developed Single Country fund costs $50.00.