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Launched · SEC filings

iShares MSCI Italy ETF

EWINYSE ArcaiSharesB

$56.38+0.51 (+0.91%)

At close: Nov 2, 2026, 4:00 PM ET

B63/ 100

Rank 10 of 38 in Developed Single Country

B63/100Rank 10 of 38inDeveloped Single Country
Intraday session: up, 79 prints from 55.87 to 56.38. Range 56.34 to 56.72. Use the arrow keys to read each point.56.0056.2056.6010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$1.19B
1Y total return
+11.4%
Yield · Last 12 months
3.36%
Holdings
28
Avg volume · 30D
399K sh
52W range
low $50.48high $63.76
Launched
Filings
SEC EDGAR

The ETF.net EWI Grade

B

Score 63 out of 100

Category
Developed Single Country⁠
Rank
10 of 38
Six-pillar profile for EWI. Scores out of 100: Cost 55, Risk 51, Mission 83, Tradability 75, Holdings 36, Durability 71. Strongest: Mission (83). Weakest: Holdings (36). Leans toward Mission.

Score 63 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.
    A83 out of 100
    Rank 4 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 16 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 7 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 27 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 9 of 38

Our read on EWI

ETF.net Research

In short

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

  • Launched 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.
  • No 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
  • The 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
  • One 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

  • The 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%.
  • Around 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
  • Distributions come annually or semiannually, so any income arrives in lumps rather than a monthly drip.

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$11,139
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EWI $11,139. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+4.8%
1 month−4.9%
3 months−9.3%
1 year+11.4%
3 yearsper year+27.4%
5 yearsper year+15.0%
10 yearsper year+13.2%

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+4.8%
2025+55.7%
2024+10.3%
2023+30.7%
2022−14.1%
2021+14.4%
2020+1.7%

EWI in the news

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 30, 2026.
3.36%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

See all 46 payments⁠

$10,000 in EWI 10 years ago paid $5,105 in dividends.⁠

EWI Risk

Risk pillarC51 out of 100Rank 16 of 38 in Developed Single Country
How much the fund’s monthly returns vary, scaled to a year.
14.7%
Annualised · 36 months to Oct 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.
1.43
vs 3-month T-bills · to Oct 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.
0.89
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.

FMP measures it over up to five years of monthly returns.

EWI Cost

Compare EWI and FLKR

Overpaying vs FLKR, tied cheapest in Developed Single Country

$8,081

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EWI 0.50%

    $9,979

  • FLKR 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • EWI 0.50%
  • FLKR 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530EWI $9,979FLKR $1,898

Year by year

YearEWIFLKROverpaying
10$900$165$735
20$3,460$646$2,814
30$9,979$1,898$8,081

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