- ISIN
- US4642867646
- CUSIP
- 464286764
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Region
- North America (U.S.)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Spain Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
EWP Performance Chart
iShares MSCI Spain ETF (EWP) is up 11.3% since the beginning of the year. EWP is currently trading at $59 per share. Investors who bought $1,000 worth of EWP shares 5 years ago would now be looking at an investment worth $2,361.
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Returns By Period
iShares MSCI Spain ETF (EWP) has returned 11.25% so far this year and 41.28% over the past 12 months. Over the last ten years, EWP has had an annualized return of 13.42%, just under the S&P 500 Index benchmark’s 13.71%.
iShares MSCI Spain ETF
- 1D
- -0.72%
- 1M
- 6.13%
- YTD
- 11.25%
- 6M
- 11.48%
- 1Y
- 41.28%
- 3Y*
- 33.03%
- 5Y*
- 18.75%
- 10Y*
- 13.42%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
EWP Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 1996, EWP's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.41% | 1.69% | -5.12% | 4.35% | 2.19% | 3.56% | 11.25% | ||||||
| 2025 | 6.25% | 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% |
| 2023 | 11.29% | 1.86% | 1.68% | 2.51% | -5.43% | 8.33% | 1.52% | -2.93% | -3.44% | -2.69% | 14.05% | 1.89% | 30.26% |
| 2022 | 0.42% | -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 2.85%, beta of 0.93, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since April 01, 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
- 2.85%
- Beta
- 0.93
- R²
- 0.43
- Upside Capture
- 102.78%
- Downside Capture
- 101.56%
Expense Ratio
EWP has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWP ranks 71 for risk / return — better than 71% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Spain ETF (EWP) 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.
| EWP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.46 | +1.19 |
| Martin ratioReturn relative to average drawdown | 12.92 | 10.92 | +2.00 |
Dividends
Dividend History
iShares MSCI Spain ETF provided a 2.82% dividend yield over the last twelve months, with an annual payout of $1.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.66 | $1.22 | $1.35 | $0.83 | $0.74 | $0.86 | $0.69 | $1.07 | $0.99 | $0.89 | $1.23 | $1.09 |
Dividend yield | 2.82% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 | ||||||
| 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 0.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.19%Mar 2009 | 1y 2mo | 15y 5mo | 16y 8moDec 2007 - Aug 2024 |
Dot-com crash2000–2002 | -51.67%Sep 2002 | 3y 8mo | 1y 4mo | 5y 1moJan 1999 - Feb 2004 |
1998 bear market1998 | -28.12%Oct 1998 | 2mo 12d | 3mo 5d | 5mo 17dJul 1998 - Jan 1999 |
1997 correction1997 | -17.04%Oct 1997 | 26d | 2mo 9d | 3mo 5dOct 1997 - Jan 1998 |
1997 correction1997 | -13.48%Aug 1997 | 28d | 1mo 27d | 2mo 25dJul 1997 - Oct 1997 |
Drawdown Indicators
| EWP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -56.78% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -9.10% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -18.90% | +6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | -25.43% | -6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -33.92% | -12.44% |
Current DrawdownCurrent decline from peak | -0.72% | -3.21% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -21.40% | -10.71% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.04% | +1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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