EWH
iShares MSCI Hong Kong ETF
#7 of 13 in Developed Markets by own-history percentile (high → low)
Relative to SPY
Relative price history
EWH ÷ SPY, 10-year range, as of Sep 18, 2026
How the reading moved
These changes re-score an older EWH÷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: +6.0 pts (from 4.4% on Aug 31, 2026 to 10.4% now)
- About one month: +3.9 pts (from 6.5% on Jul 31, 2026 to 10.4% now)
Developed Markets
Where this sits among peers
Developed Markets · EWH highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
EWH's index leans heavily on real estate and financials, and while Hong Kong maintains its own currency peg to the US dollar, its equity market has grown increasingly correlated with mainland Chinese sentiment over the past decade — a shift that makes this fund harder to read as a 'pure' Hong Kong bet than it once was.
FAQ
Isn't Hong Kong's currency pegged to the dollar — does currency still matter here?
The currency peg removes most exchange-rate volatility versus the dollar, but the underlying equity market's correlation with mainland China sentiment has increased, which is a different kind of risk than currency risk.
What dominates this index — property or finance?
Real estate and financials (including major banks) together make up most of the index weight.
Should I expect this fund to track the China page closely?
The two have grown more correlated over time, though Hong Kong's index composition (heavier property, less technology) still differs meaningfully from the broader China basket.
Developed Markets