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iShares MSCI Spain ETF (EWP)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US4642867646
CUSIP
464286764
Issuer
iShares
Inception Date
Mar 12, 1996
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
MSCI Spain Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

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 Spain 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 Spain ETF (EWP) has returned 0.74% so far this year and 46.32% over the past 12 months. Over the last ten years, EWP has returned 10.80% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


iShares MSCI Spain ETF

1D
4.00%
1M
-5.12%
YTD
0.74%
6M
11.24%
1Y
46.32%
3Y*
28.91%
5Y*
18.10%
10Y*
10.80%

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, EWP's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, your investment would double in approximately 6.4 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +27.4%, while the worst month was Oct 2008 at -23.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.

On a daily basis, EWP closed higher 51% of trading days. The best single day was May 10, 2010 with a return of +14.6%, while the worst single day was Jun 24, 2016 at -16.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.41%1.69%-5.12%0.74%
20256.25%9.37%5.49%6.67%6.63%2.86%1.57%6.69%3.75%1.35%2.97%5.81%78.03%
2024-3.53%-0.95%9.95%-2.77%7.61%-5.70%3.87%4.47%4.13%-3.88%-3.51%-2.71%5.70%
202311.29%1.86%1.68%2.51%-5.43%8.33%1.52%-2.93%-3.44%-2.69%14.05%1.89%30.26%
20220.42%-3.03%-0.47%-3.50%6.84%-9.87%-1.63%-5.10%-8.96%10.60%11.82%0.17%-5.18%
2021-3.77%3.88%1.33%5.59%6.29%-6.23%-2.25%1.19%-4.06%4.82%-10.22%5.31%0.25%

Benchmark Metrics

iShares MSCI Spain ETF has an annualized alpha of 2.98%, beta of 0.93, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since April 02, 1996.

  • R² of 0.43 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
2.98%
Beta
0.93
0.43
Upside Capture
104.60%
Downside Capture
102.53%

Expense Ratio

EWP has an expense ratio of 0.50%, placing it in the medium range.


Return for Risk

Risk / Return Rank

EWP ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


EWP Risk / Return Rank: 9292
Overall Rank
EWP Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EWP Sortino Ratio Rank: 9292
Sortino Ratio Rank
EWP Omega Ratio Rank: 9191
Omega Ratio Rank
EWP Calmar Ratio Rank: 9393
Calmar Ratio Rank
EWP Martin Ratio Rank: 9393
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 Spain ETF (EWP) and compare them to a chosen benchmark (S&P 500 Index).


EWPBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.17

0.90

+1.27

Sortino ratio

Return per unit of downside risk

2.74

1.39

+1.36

Omega ratio

Gain probability vs. loss probability

1.41

1.21

+0.20

Calmar ratio

Return relative to maximum drawdown

3.69

1.40

+2.29

Martin ratio

Return relative to average drawdown

14.14

6.61

+7.54

Explore EWP 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 Spain ETF provided a 2.25% dividend yield over the last twelve months, with an annual payout of $1.22 per share.


2.50%3.00%3.50%4.00%4.50%$0.00$0.20$0.40$0.60$0.80$1.00$1.20$1.4020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.22$1.22$1.35$0.83$0.74$0.86$0.69$1.07$0.99$0.89$1.23$1.09

Dividend yield

2.25%2.27%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%

Monthly Dividends

The table displays the monthly dividend distributions for iShares MSCI Spain 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$0.48$0.00$0.00$0.00$0.00$0.00$0.74$1.22
2024$0.00$0.00$0.00$0.00$0.00$0.53$0.00$0.00$0.00$0.00$0.00$0.82$1.35
2023$0.00$0.00$0.00$0.00$0.00$0.35$0.00$0.00$0.00$0.00$0.00$0.47$0.83
2022$0.00$0.00$0.00$0.00$0.00$0.37$0.00$0.00$0.00$0.00$0.00$0.37$0.74
2021$0.00$0.00$0.00$0.00$0.00$0.43$0.00$0.00$0.00$0.00$0.00$0.44$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 Spain 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 Spain ETF was 61.19%, occurring on Mar 9, 2009. Recovery took 3892 trading sessions.

The current iShares MSCI Spain ETF drawdown is 6.78%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-61.19%Dec 11, 2007312Mar 9, 20093892Aug 23, 20244204
-51.67%Jan 7, 1999933Sep 24, 2002351Feb 17, 20041284
-28.12%Jul 21, 199852Oct 1, 199864Jan 4, 1999116
-17.04%Oct 2, 199719Oct 28, 199746Jan 5, 199865
-13.48%Jul 8, 199721Aug 5, 199740Oct 1, 199761

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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