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EWG

iShares MSCI Germany ETF

Tracks the MSCI Germany Index, providing targeted exposure to large and mid-cap German equities. Concentrated in industrials, autos (SAP, Siemens, Allianz), and chemicals. Single-country European exposure with export-oriented economy sensitivity.

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EquityTER 0.50%Dist.
TER
0.50%
AUM
$3.2B
CAGR
6.5%
Volatility
23.8%
Sharpe
0.15
Max Drawdown
-64.2%
Data Range
1996-04 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-4.5%
Worst DD-64.2%
Worst date2003-03

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return5.7%
Best39.8%
Worst-28.2%
% positive68%
325 periods

Key Facts

ISIN
US4642868206
Issuer
BlackRock
Benchmark
MSCI Germany Index
Total Expense Ratio (TER)
0.50%
Assets Under Management
$3.2B approx.
Inception Date
1996-03-12
Domicile
United States
Legal Structure
Open-Ended Fund
Dividend Policy
Distributing (pays dividends)
Replication Method
Physical (Full Replication)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
NYSE Arca
Number of Holdings
~60

Top 10 Holdings

Top 10 represent 49.8% of the fund.

1
SAPSAP SE
10.00%
2
SIESiemens AG
8.00%
3
ALVAllianz SE
6.00%
4
DTEDeutsche Telekom
5.50%
5
MUV2Munich RE
4.50%
6
MBGMercedes-Benz
4.00%
7
DPWDHL Group
3.50%
8
BASBASF SE
3.00%
9
BMWBMW AG
2.80%
10
IFXInfineon Technologies
2.50%

Sector Breakdown

Industrials
20%
Financials
18%
Technology
16%
Consumer Discretionary
14%
Healthcare
8%
Materials
7%
Communication Services
6%
Consumer Staples
5%

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓General portfolio building block for the asset class it covers.

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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EWP0.50% TER

iShares MSCI Spain ETF

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EWQ0.50% TER

iShares MSCI France ETF

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), BlackRock (metadata)Last verified: 2026-04-16

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💬 Frequently Asked Questions

Tracks the MSCI Germany Index, providing targeted exposure to large and mid-cap German equities. Concentrated in industrials, autos (SAP, Siemens, Allianz), and chemicals. Single-country European exposure with export-oriented economy sensitivity.
EWG has a total expense ratio (TER) of 0.50%, which means you pay $50 per year for every $10,000 invested.
Yes, EWG is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.
EWG is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).
EWG uses full physical replication, meaning it holds all (or nearly all) securities in the MSCI Germany Index index directly.