---
ticker: "EWP"
name: "iShares MSCI Spain ETF"
url: "https://etf.net/etf/EWP"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Developed Single Country"
category_rank: "12 of 38"
methodology: "https://etf.net/methodology"
---

# EWP: iShares MSCI Spain ETF

Grade **B**, Score 62 of 100. Rank 12 of 38 in Developed Single Country.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 10 of 38 |
| Mission | 79 | 9 of 35 |
| Risk | 72 | 7 of 37 |
| Tradability | 57 | 15 of 38 |
| Holdings | 32 | 30 of 36 |
| Durability | 76 | 7 of 38 |

## Top holdings

The fund holds 25 positions. These are the largest 25, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SAN.MC | Banco Santander | 19.11% |
| 2 | BBVA.MC | Banco Bilbao Vizcaya Argentaria SA | 13.54% |
| 3 | IBE.MC | Iberdrola | 13.44% |
| 4 | REP.MC | Repsol | 5.02% |
| 5 | CABK.MC | Caixabank SA | 4.35% |
| 6 | ITX.MC | Industria De Diseno Textil SA | 4.31% |
| 7 | AMS.MC | Amadeus It Group | 3.91% |
| 8 | FER.AS | Ferrovial NV | 3.68% |
| 9 | SAB.MC | Banco De Sabadell | 3.54% |
| 10 | AENA.MC | Aena Sme SA | 3.48% |
| 11 | NTGY.MC | Naturgy Energy Group SA | 3.19% |
| 12 | ELE.MC | Endesa SA | 3.18% |
| 13 | ACS.MC | Acs Actividades De Construccion Y | 3.12% |
| 14 | TEF.MC | Telefonica SA | 2.52% |
| 15 | CLNX.MC | Cellnex Telecom | 2.47% |
| 16 | BKT.MC | Bankinter | 2.21% |
| 17 | RED.MC | Redeia Corporacion SA | 1.81% |
| 18 | ANA.MC | Acciona | 1.81% |
| 19 | IDR.MC | Indra Sistemas SA | 1.79% |
| 20 | IAG.MC | International Airlines Group | 1.78% |
| 21 | MAP.MC | Mapfre SA | 1.52% |
| 22 | — | Eur Cash | 0.19% |
| 23 | — | Blk Csh Fnd Treasury Sl Agency | 0.05% |
| 24 | — | Cash Collateral Eur Wffut | 0.02% |
| 25 | — | Cash Collateral USD Boasw Cfd | <0.01% |

Source: etf.net, https://etf.net/etf/EWP. Please cite the page URL.