EWI
iShares MSCI Italy ETF
iShares MSCI Italy Index Fund objective seeks to provide investment results that correspond to the performance of the Italian market, as measured by the MSCI Italy Index. The Fund invests in a
International
EQUITY
Passive
MANAGEMENT STYLE
709.9 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 12, 1996 |
| Assets (mns) | $710 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| UNICREDIT S.P.A. | 15.4 % |
| INTESA SANPAOLO S.P.A. | 12.9 % |
| ENEL SPA | 11.2 % |
| FERRARI NV | 5.6 % |
| LEONARDO SPA | 4.7 % |
| ASSICURAZIONI GENERALI | 4.6 % |
| PRYSMIAN SPA | 4.5 % |
| ENI SPA | 4.4 % |
| STELLANTIS NV | 3.8 % |
| BANCA MONTE DEI PASCHI DI SIENA SP | 3.1 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 714 |
| Wgt avg mkt cap (mns) | $62,568 |
| Large cap (>$10bn) | 92.7% |
| Mid cap ($2-10bn) | 4.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
ITALY | 91.4 % |
 |
BRITAIN | 3.8 % |
 |
LUXEMBOURG | 1.6 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 51.0% | 51.0% | 26.5% | 26.3% | 13.0% | 7.1% | 0.3% | 2.4% |
| Dividend Yield | 4.7% | 4.7% | 4.5% | 4.5% | 4.1% | 3.7% | 3.3% | 4.3% |
| Total Returns | 55.7% | 55.7% | 31.0% | 30.9% | 17.1% | 10.7% | 3.6% | 6.7% | Ann. Volatility | 20.3% | 20.3% | 18.0% | 17.9% | 20.7% | 23.5% | 28.2% | 27.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 50% |
| MSCI EAFE | 1.12 | 83% |
| MSCI Emg Mkts | 0.82 | 50% |
Liquidity Measures
| Avg. volume (000) | 374 |
| ADV traded (mns) | $21 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $53.86 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.73/0.73 |
| Bollinger Bands (Upper/Lower) | $55.80/$52.92 |
| Short interest (% of AUM) | 5.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EWI |
Expenses vs. EWI |
ALTAR Score™ vs. EWI |
|---|---|---|---|---|
| JIVE | JPMorgan International Value ETF | 52.2% | +5 bp | +9.6% |
| EFAS | Global X MSCI SuperDividend EAFE ETF | 10.8% | +7 bp | +8.6% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 10.1% | +30 bp | +7.7% |
Risk and Returns: EWI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
EWI
14.9%
Cat. Avg
6.7%
ALTAR Score™ Calculation
Category Overview
There are 270 funds in the International Equity category, with an average ALTAR Score™
of 6.7% and a standard deviation of
1.7%. EWI's ALTAR Score™ is approximately
4.8 standard deviations
above
the category average. This places EWI in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EWISELL
U/W
HOLD
O/W
BUY