- ISIN
- GB00BHSRZC82
- CUSIP
- 46434G830
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Region
- North America (U.S.)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Italy Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $802M
Share Price Chart
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Performance
EWI Performance Chart
iShares MSCI Italy ETF (EWI) is up 13.5% since the beginning of the year. EWI is currently trading at $60 per share. Investors who bought $1,000 worth of EWI shares 5 years ago would now be looking at an investment worth $2,237.
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Returns By Period
iShares MSCI Italy ETF (EWI) has returned 13.46% so far this year and 34.70% over the past 12 months. Looking at the last ten years, EWI has achieved an annualized return of 15.04%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
iShares MSCI Italy ETF
- 1D
- -0.25%
- 1M
- 5.21%
- YTD
- 13.46%
- 6M
- 13.65%
- 1Y
- 34.70%
- 3Y*
- 29.83%
- 5Y*
- 17.47%
- 10Y*
- 15.04%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EWI Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 1996, EWI's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 58% of months were positive and 42% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.85% | 2.59% | -6.82% | 8.12% | 2.79% | 3.83% | 13.46% | ||||||
| 2025 | 7.17% | 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% |
| 2023 | 12.36% | -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 01, 1996.
- This ETF participated in 102.62% of S&P 500 Index downside but only 94.38% 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
- R²
- 0.42
- Upside Capture
- 94.38%
- Downside Capture
- 102.62%
Expense Ratio
EWI has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWI ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.78 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.43 | 12.44 | -2.01 |
Dividends
Dividend History
iShares MSCI Italy ETF provided a 3.10% dividend yield over the last twelve months, with an annual payout of $1.88 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.88 | $1.52 | $1.47 | $1.15 | $1.23 | $0.86 | $0.49 | $1.12 | $1.14 | $0.67 | $0.88 | $0.64 |
Dividend yield | 3.10% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 | ||||||
| 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 0.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.38%Mar 2009 | 1y 10mo | 15y 11mo | 17y 9moMay 2007 - Feb 2025 |
Dot-com crash2000–2002 | -49.04%Sep 2001 | 1y 7mo | 3y 1mo | 4y 8moFeb 2000 - Nov 2004 |
1998 bear market1998 | -28.84%Oct 1998 | 2mo 20d | 2mo 27d | 5mo 17dJul 1998 - Jan 1999 |
1999 bear market1999 | -25.19%Jul 1999 | 6mo 23d | 6mo 29d | 1y 1moJan 1999 - Feb 2000 |
2025 selloff2025 | -16.80%Apr 2025 | 19d | 17d | 1mo 6dMar 2025 - Apr 2025 |
Drawdown Indicators
| EWI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.38% | -56.78% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -9.10% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.80% | -18.90% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -25.43% | -9.82% |
Max Drawdown (10Y)Largest decline over 10 years | -43.00% | -33.92% | -9.08% |
Current DrawdownCurrent decline from peak | -0.46% | -1.80% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -28.90% | -10.71% | -18.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.03% | +1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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