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Launched · SEC filings

iShares MSCI Italy ETF

EWINYSE ArcaB

$56.66+0.49 (+0.87%)

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

B64/ 100

Rank 10 of 38 in Developed Single Country

B64/100Rank 10 of 38inDeveloped Single Country
Intraday session: up, 79 prints from 56.17 to 56.66. Range 56.49 to 56.88. Use the arrow keys to read each point.56.4056.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$1.1B
1Y total return
+15.3%
Yield · Last 12 months
3.34%
Holdings
29
Avg volume · 30D
0.4M sh
NAV per share
$56.17
52W range
low $50.05high $63.76
Launched
Filings
SEC EDGAR

The ETF.net EWI Grade

B

Score 64 out of 100

Category
Developed Single Country⁠
Rank
10 of 38
Six-pillar profile for EWI. Scores out of 100: Cost 55, Risk 63, Mission 82, Tradability 72, Holdings 34, Durability 71. Strongest: Mission (82). Weakest: Holdings (34). Leans toward Mission.

Score 64 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.
    A82 out of 100
    Rank 5 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 9 of 37

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 7 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 28 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 EWI

ETF.net Research

BItaly in one ticker, and that ticker has been trading since 1996. EWI holds a capped basket of roughly two dozen large Italian companies, a concentrated slice of one economy rather than a spread across Europe.

Stated mandate

The fund seeks to track an index of Italian equities.

Why people hold it

  1. 01Launched in 1996, one of the original single-country funds, and now a multi-billion-dollar fund. Decades of live operating history, not a launch-week experiment.
  2. 02No stock picking, no overlays: it tracks the MSCI Italy 25/50 Index, and it sits in the upper tier of developed single-country funds on our review.ishares.com
  3. 03The index is a capped version, limiting how large any single holding can grow. That matters when the whole portfolio is only around 25 names.ishares.com
  4. 04One trade gets the listed heart of the Italian market, instead of assembling ADRs name by name. Moderately traded, with the usual iShares plumbing behind it.

Worth knowing

  1. 01The 0.50% fee is exactly the median for developed single-country funds, though cheaper builds exist in the group: FLKR and FLAU both charge 0.09%.
  2. 02Around 25 stocks, one country, one currency. Concentration in a single market is the point here, and iShares flags that risk in the fund's own materials.ishares.com
  3. 03Distributions come annually or semiannually, so any income arrives in lumps rather than a monthly drip.

EWI Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
29
Top-10 weight
73%
Largest holding
UCG.MI17.2%

Geography

  • Italy96.51%
  • Luxembourg1.80%
  • Netherlands1.68%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001UCG.MIUnicredit17.19%2,413,765$206M153
002ISP.MIIntesa Sanpaolo14.35%25,092,864$172M139
003ENEL.MIEnel11.15%13,442,132$133M153
004ENI.MIEni5.12%2,171,054$61M130
005PRY.MIPrysmian4.84%420,322$58M137
006G.MIAssicurazioni Generali4.72%1,211,887$56M117
007RACE.MIFerrari4.66%143,307$56M97
008BMPS.MIBanca Monte Dei Paschi Di Siena Sp3.92%3,814,109$47M109
009PST.MIPoste Italiane3.73%1,653,295$45M126
010BPE.MIBper Banca3.56%2,864,885$43M118
011LDO.MILeonardo Finmeccanica Spa3.35%765,400$40M110
012BAMI.MIBanco Bpm2.83%2,050,080$34M110
013FBK.MIFinecobank Banca Fineco2.59%1,296,855$31M112
014TRN.MITerna Rete Elettrica Nazionale2.56%2,994,263$31M104
015SRG.MISnam2.29%4,355,608$27M102

Showing 1–15 of 29 holdings

EWI 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.

EWI$11,533
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. EWI $11,533. SPY $12,044. Use the arrow keys to read each point.$9,506$11,386$13,266Oct 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 EWI. Periods over one year show the average yearly return.
PeriodEWI
Year to date+5.4%
1 month−9.3%
3 months−7.3%
1 year+15.3%
3 yearsper year+27.0%
5 yearsper year+16.0%
10 yearsper year+13.7%

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 EWI
YearReturn barEWI
2026 YTD+5.4%
2025+55.7%
2024+10.3%
2023+30.7%
2022−14.1%
2021+14.4%
2020+1.7%

EWI in the news

Filtered to EWI · Developed Single Country

EWI 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.
3.34%Last 12 months
Payout per share
$1.88Last 12 months
Last payment
$1.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.50; Dec 19, 2017 $0.17; Jun 19, 2018 $0.82; Dec 18, 2018 $0.32; Jun 17, 2019 $0.92; Dec 16, 2019 $0.20; Jun 15, 2020 $0.25; Dec 14, 2020 $0.24; Jun 10, 2021 $0.41; Dec 13, 2021 $0.45; Jun 9, 2022 $0.82; Dec 13, 2022 $0.42; Jun 7, 2023 $0.73; Dec 20, 2023 $0.42; Jun 11, 2024 $0.91; Dec 17, 2024 $0.56; Jun 16, 2025 $0.82; Dec 16, 2025 $0.70; Jun 15, 2026 $1.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$1.17
Dec 16, 2025Dec 19, 2025$0.70
Jun 16, 2025Jun 20, 2025$0.82
Dec 17, 2024Dec 20, 2024$0.56
Jun 11, 2024Jun 17, 2024$0.91
Dec 20, 2023Dec 27, 2023$0.42
Jun 7, 2023Jun 13, 2023$0.73
Dec 13, 2022Dec 19, 2022$0.42
Jun 9, 2022Jun 15, 2022$0.82
Dec 13, 2021Dec 17, 2021$0.45
Jun 10, 2021Jun 16, 2021$0.41
Dec 14, 2020Dec 18, 2020$0.24

EWI Risk

How much the fund’s monthly returns vary, scaled to a year.
14.3%
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.
1.54
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.
−35.2%
Trough Oct 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.
0.88
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.

EWI Cost

Expense ratio0.50%
  • The middle half of Developed Single Country funds
  • Median 0.50%

13 of the 38 Developed Single Country funds charge less.

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

Other funds in Developed Single Country

See others