Skip to content
etf.net

Launched · SEC filings

iShares MSCI Germany ETF

EWGNYSE ArcaB

$41.20+0.24 (+0.59%)

At close: Oct 13, 2026, 4:00 PM

B66/ 100

Rank 8 of 38 in Developed Single Country

B66/100Rank 8 of 38inDeveloped Single Country
Intraday session: up, 79 prints from 40.96 to 41.20. Range 41.09 to 41.34. Use the arrow keys to read each point.41.1041.3010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$1.4B
1Y total return
+0.6%
Yield · Last 12 months
2.03%
Holdings
54
Avg volume · 30D
1M sh
NAV per share
$40.92
52W range
low $37.98high $44.85
Launched
Filings
SEC EDGAR

The ETF.net EWG Grade

B

Score 66 out of 100

Category
Developed Single Country⁠
Rank
8 of 38
Six-pillar profile for EWG. Scores out of 100: Cost 55, Risk 48, Mission 89, Tradability 82, Holdings 46, Durability 71. Strongest: Mission (89). Weakest: Holdings (46). Leans toward Mission.

Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 10 of 38

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 2 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 17 of 37

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 4 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 22 of 36

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 8 of 38

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 Oct 12, 2026
Asset class
Stocks
Holdings
54
Top-10 weight
64%
Largest holding
SIE.DE12.0%

Geography

  • Germany99.49%
  • Netherlands0.51%

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 AG12.03%599,474$183M153
002SAP.DESap11.86%839,946$180M164
003ALV.DEAllianz9.69%315,270$147M158
004ENR.DESiemens Energy N AG6.88%642,272$105M160
005DTE.DEDeutsche Telekom N AG5.12%2,813,347$78M152
006IFX.DEInfineon Technologies AG4.70%1,082,117$71M173
007MUV2.DEMuenchener Rueckversicherungs-Gese4.06%105,192$62M140
008DB1.DEDeutsche Boerse AG3.28%150,465$50M142
009DHL.DEDhl AG3.15%762,004$48M145
010DBK.DEDeutsche Bank AG3.14%1,424,297$48M118
011BAS.DEBasf N2.75%720,586$42M111
012RHM.DERheinmetall AG2.68%38,750$41M124
013BAYN.DEBayer AG2.63%814,756$40M135
014EOAN.DEE.on N2.35%1,861,944$36M132
015RWE.DERwe AG2.28%532,743$35M131

Showing 1–15 of 54 holdings

EWG Performance

Launched Mar 12, 1996

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

EWG$10,061
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. EWG $10,061. SPY $12,044. Use the arrow keys to read each point.$8,940$10,615$12,290Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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−1.7%
1 month−4.5%
3 months−1.3%
1 year+0.6%
3 yearsper year+18.6%
5 yearsper year+7.4%
10 yearsper year+7.1%

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−1.7%
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 Oct 12, 2026.
2.03%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.
15.9%
Annualised · 36 months to Sep 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.
0.88
vs 3-month T-bills · to Sep 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.

Other funds in Developed Single Country

See others