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EWK

GradeCNew York Stock Exchange Arca

iShares MSCI Belgium ETF

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

$26.38−0.51 (−1.90%)

As of Sep 23, 2026, 2:14 PM EDT

Intraday session: down, 34 prints from 26.89 to 26.38. Range 26.32 to 26.89. Use the arrow keys to read each point.$26.60$26.8010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$172M
1Y return
+20.1%
Yield · Last 12 months
1.83%
Holdings
38
Volume · 30D
0M sh
NAV per share
$26.89
52W range
low $22.31high $27.96

The ETF.net EWK Grade

C

50/ 100

Rank 21 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for EWK. Scores out of 100: Cost 55, Risk 53, Mission 55, Tradability 38, Holdings 36, Durability 58. Strongest: Durability (58). Weakest: Holdings (36). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C 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 rank17/38 · top 45%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 55
    Category rank27/35 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 53
    Category rank15/37 · top 41%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank26/38 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank28/36 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank19/38 · top 50%

Graded as of Sep 22, 2026

Our read on EWK

ETF.net Research

CBelgium in one US-listed ticker, and it has been that way since 1996, when EWK launched with the original WEBS funds. Roughly 40 names, with index caps that keep the country's handful of giants from taking over the portfolio.

Stated mandate

The Fund seeks to track the investment results of a broad-based index composed of Belgian equities.

Why people hold it

  1. 01A 1996 original: EWK debuted in the WEBS batch that invented the single-country index fund, and it still runs under the iShares roof today.sciencedirect.com
  2. 02The 25/50 index rules cap any single issuer at 25% and keep all 5%-plus positions under 50% combined, so Belgium's few megacaps cannot swallow the fund.msci.com
  3. 03One trade for a market Americans otherwise reach stock by stock: the fund tracks a broad-based index of Belgian equities.ishares.com
  4. 04The 0.49% annual fee sits just under the median for developed single-country funds, so the niche exposure carries no niche premium.

Worth knowing

  1. 01Thinly traded with a modest asset base, so spreads can run wider than on the big international index funds.
  2. 02About 40 stocks in one small European economy. The caps trim top-heaviness; they do not turn this into a diversified core holding.
  3. 03Country exposure is priced differently across the shelf: peers like FLKR and FLAU charge 0.09% for their own single-country mandates.

EWK Holdings

As of Sep 22, 2026, 3:21 AM
Asset class
Stocks
Holdings
38
Top-10 weight
68%
Largest holding
ABI.BR20.2%

Sectors

  • Health Care24.9%
  • Cons. Staples23.6%
  • Financials19.5%
  • Real Estate9.5%
  • Industrials7.8%
  • Materials5.8%
  • Utilities2.5%
  • Consumer Discr.1.9%
  • Communication1.6%
  • Technology1.5%
  • Energy1.4%

Geography

  • Belgium82.24%
  • Netherlands17.10%
  • United Kingdom0.66%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ABI.BRANHEUSER-BUSCH INBEV SA20.17%444,856$34M120
002ARGX.BRARGENX17.20%29,430$29M99
003KBC.BRKBC GROEP7.79%88,575$13M114
004AGS.BRAGEAS4.69%92,275$8M118
005UCB.BRUCB SA4.28%30,673$7M149
006AED.BRAEDIFICA NV3.28%74,609$6M52
007ACKB.BRACKERMANS & VAN HAAREN NV2.81%15,410$5M75
008GBLB.BRGROUPE BRUXELLES LAMBERT NV2.61%52,642$4M76
009SYENS.BRSYENSQO NV2.52%48,511$4M92
010ELI.BRELIA GROUP SA2.41%29,726$4M91
011LOTB.BRLOTUS BAKERIES NV2.35%293$4M78
012UMI.BRUMICORE SA2.27%155,865$4M66
013WDP.BRWAREHOUSES DE PAUW NV1.92%138,804$3M69
014SOF.BRSOFINA SA1.92%11,612$3M67
015KBCA.BRKBC ANCORA NV1.89%29,956$3M41

Showing 1–15 of 41 holdings

EWK Performance

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

EWK$12,013
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. EWK $12,013. SPY $11,723. Use the arrow keys to read each point.$9,297$10,997$12,698Sep 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 EWK. Periods over one year show the average yearly return.
PeriodEWK
Year to date+12.0%
1 month−2.8%
3 months+0.5%
1 year+20.1%
3 years+17.6%per year
5 years+7.5%per year
10 years+6.2%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 EWK
YearReturn barEWK
2026 YTD+12.0%
2025+35.3%
2024+0.2%
2023+7.5%
2022−13.9%
2021+12.9%
2020+0.0%

EWK in the news

ETF.net Research hasn’t filed on EWK yet — coverage lands here as it’s written.

EWK 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.
1.83%Last 12 months
Payout per share
$0.49Last 12 months
Last payment
$0.33 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. 18 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.35; Dec 19, 2017 $0.26; Jun 19, 2018 $0.36; Dec 18, 2018 $0.10; Jun 17, 2019 $0.35; Dec 16, 2019 $0.21; Jun 15, 2020 $0.15; Dec 14, 2020 $0.18; Jun 10, 2021 $0.25; Dec 13, 2021 $0.52; Jun 9, 2022 $0.46; Jun 7, 2023 $0.33; Dec 20, 2023 $0.06; Jun 11, 2024 $0.37; Dec 17, 2024 $0.23; Jun 16, 2025 $0.26; Dec 16, 2025 $0.16; Jun 15, 2026 $0.33. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.33
Dec 16, 2025Dec 19, 2025$0.16
Jun 16, 2025Jun 20, 2025$0.26
Dec 17, 2024Dec 20, 2024$0.23
Jun 11, 2024Jun 17, 2024$0.37
Dec 20, 2023Dec 27, 2023$0.06
Jun 7, 2023Jun 13, 2023$0.33
Jun 9, 2022Jun 15, 2022$0.46
Dec 13, 2021Dec 17, 2021$0.52
Jun 10, 2021Jun 16, 2021$0.25
Dec 14, 2020Dec 18, 2020$0.18
Jun 15, 2020Jun 19, 2020$0.15

EWK Risk

How much the fund’s monthly returns vary, scaled to a year.
13.9%
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.
0.90
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.
−33.1%
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.
0.90
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.

EWK 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.

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