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iShares MSCI Italy ETF (EWI)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
GB00BHSRZC82
CUSIP
46434G830
Issuer
iShares
Inception Date
Mar 12, 1996
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
MSCI Italy Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Value

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares MSCI Italy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

iShares MSCI Italy ETF (EWI) has returned -1.67% so far this year and 30.14% over the past 12 months. Over the last ten years, EWI has had an annualized return of 12.01%, just under the S&P 500 Index benchmark’s 12.16%.


iShares MSCI Italy ETF

1D
4.11%
1M
-6.82%
YTD
-1.67%
6M
4.18%
1Y
30.14%
3Y*
24.97%
5Y*
14.90%
10Y*
12.01%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 1, 1996, EWI's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, your investment would double in approximately 7.9 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +25.2%, while the worst month was Mar 2020 at -23.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 8 months.

On a daily basis, EWI closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +15.3%, while the worst single day was Mar 12, 2020 at -15.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.85%2.59%-6.82%-1.67%
20257.17%5.84%3.73%4.47%8.05%2.55%0.23%5.80%1.76%-0.27%2.16%3.99%55.72%
2024-1.30%6.39%5.87%-3.10%6.24%-5.43%3.60%4.60%0.28%-2.41%-4.42%0.48%10.23%
202312.36%-0.86%1.40%4.04%-6.25%9.87%5.25%-4.18%-5.23%-1.71%10.30%4.16%30.63%
2022-1.16%-6.72%-2.38%-7.11%5.10%-13.99%2.33%-6.09%-7.09%12.00%15.53%-1.68%-14.16%
2021-3.70%5.54%5.31%0.32%6.01%-2.17%0.31%1.42%-3.95%5.78%-6.03%5.76%14.38%

Benchmark Metrics

iShares MSCI Italy ETF has an annualized alpha of 0.79%, beta of 0.96, and R² of 0.42 versus S&P 500 Index. Calculated based on daily prices since April 02, 1996.

  • This ETF participated in 103.40% of S&P 500 Index downside but only 95.17% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.42 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
0.79%
Beta
0.96
0.42
Upside Capture
95.17%
Downside Capture
103.40%

Expense Ratio

EWI has an expense ratio of 0.49%, placing it in the medium range.


Return for Risk

Risk / Return Rank

EWI ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


EWI Risk / Return Rank: 7575
Overall Rank
EWI Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
EWI Sortino Ratio Rank: 7777
Sortino Ratio Rank
EWI Omega Ratio Rank: 7373
Omega Ratio Rank
EWI Calmar Ratio Rank: 7474
Calmar Ratio Rank
EWI Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) and compare them to a chosen benchmark (S&P 500 Index).


EWIBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.41

0.90

+0.52

Sortino ratio

Return per unit of downside risk

2.00

1.39

+0.62

Omega ratio

Gain probability vs. loss probability

1.28

1.21

+0.07

Calmar ratio

Return relative to maximum drawdown

2.02

1.40

+0.62

Martin ratio

Return relative to average drawdown

8.08

6.61

+1.47

Explore EWI risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

iShares MSCI Italy ETF provided a 2.85% dividend yield over the last twelve months, with an annual payout of $1.52 per share. The fund has been increasing its distributions for 2 consecutive years.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%$0.00$0.50$1.00$1.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.52$1.52$1.47$1.15$1.23$0.86$0.49$1.12$1.14$0.67$0.88$0.64

Dividend yield

2.85%2.80%4.07%3.40%4.57%2.63%1.66%3.80%4.71%2.19%3.64%2.31%

Monthly Dividends

The table displays the monthly dividend distributions for iShares MSCI Italy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.82$0.00$0.00$0.00$0.00$0.00$0.70$1.52
2024$0.00$0.00$0.00$0.00$0.00$0.91$0.00$0.00$0.00$0.00$0.00$0.56$1.47
2023$0.00$0.00$0.00$0.00$0.00$0.73$0.00$0.00$0.00$0.00$0.00$0.42$1.15
2022$0.00$0.00$0.00$0.00$0.00$0.82$0.00$0.00$0.00$0.00$0.00$0.42$1.23
2021$0.00$0.00$0.00$0.00$0.00$0.41$0.00$0.00$0.00$0.00$0.00$0.45$0.86

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the iShares MSCI Italy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares MSCI Italy ETF was 70.38%, occurring on Mar 9, 2009. Recovery took 4010 trading sessions.

The current iShares MSCI Italy ETF drawdown is 7.79%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-70.38%May 8, 2007463Mar 9, 20094010Feb 13, 20254473
-49.04%Feb 24, 2000395Sep 21, 2001786Nov 4, 20041181
-28.84%Jul 21, 199858Oct 9, 199858Jan 4, 1999116
-25.19%Jan 7, 1999141Jul 29, 1999144Feb 23, 2000285
-16.8%Mar 20, 202514Apr 8, 202512Apr 25, 202526

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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