EWQ
iShares MSCI France ETF
#13 of 13 in Developed Markets by own-history percentile (high → low)
Relative to SPY
Relative price history
EWQ ÷ SPY, 10-year range, as of Jul 17, 2026
How the reading moved
These changes re-score an older EWQ÷SPY ratio against today's 10-year window, so they show whether the relative price has drifted toward the highs or lows of its own history — not a peer ranking and not a return forecast.
- About one week: +1.7 pts (from 1.4% on Jun 30, 2026 to 3.1% now)
- About one month: +2.3 pts (from 0.8% on May 29, 2026 to 3.1% now)
Developed Markets
Where this sits among peers
Developed Markets · EWQ highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
EWQ's index is unusually concentrated in global luxury-goods conglomerates alongside industrials, so its relative price often tracks sentiment about Chinese luxury consumption at least as much as it tracks the French domestic economy.
FAQ
Why does Chinese consumer spending matter for a French equity fund?
Several of the largest companies in this index sell luxury goods disproportionately to Chinese consumers, so shifts in Chinese discretionary spending can move the fund even when little has changed domestically in France.
Is this fund representative of the broader French economy?
Less than you might expect — the index is concentrated in a relatively small number of large multinational companies rather than spread evenly across domestic sectors.
How does this compare to Germany's index composition?
Germany's index leans more industrial and automotive; France's leans more toward luxury goods and diversified conglomerates, so the two respond to different global demand drivers.
Developed Markets