EWW

iShares MSCI Mexico ETF

#3 of 10 in Emerging Markets by own-history percentile (high → low)

Near lows (28.6%)

Relative to SPY

Relative price history

EWW ÷ SPY, 10-year range, as of Jul 17, 2026

Position in 10-year rangeNear lows (28.6%)ranked vs 2,513 trading days

12m vs S&P 500+5.4%Change in relative price over ~12 months

Category rank#3of 10 in Emerging Markets

~1 week change+12.2 ptsvs Jun 30, 2026 reading (16.4%)

~1 month change+9.4 ptsvs May 29, 2026 reading (19.2%)

Trailing PE12.8xas of Jul 17, 2026

Current ratio0.1011

AUM$1.8BFund assets under management

Avg volume1.3MApprox. 3-month daily shares

How the reading moved

These changes re-score an older EWW÷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: +12.2 pts (from 16.4% on Jun 30, 2026 to 28.6% now)
About one month: +9.4 pts (from 19.2% on May 29, 2026 to 28.6% now)

Emerging Markets

Where this sits among peers

Emerging Markets · EWW highlighted · same axes as the category chart on the home page

Top holdings

SymbolNameWeight

GMEXICOB.MXGrupo Mexico SAB de CV Class B13.9%

GFNORTEO.MXGrupo Financiero Banorte SAB de CV Class O10.5%

FEMSAUBD.MXFomento Economico Mexicano SAB de CV Units Cons. Of 1 Shs-B- And 4 Shs-D-8.9%

AMXB.MXAmerica Movil SAB de CV Ordinary Shares - Class B8.6%

CEMEXCPO.MXCemex SAB de CV4.5%

WALMEX.MXWal - Mart de Mexico SAB de CV4.2%

GAPB.MXGrupo Aeroportuario del Pacifico SAB de CV Class B4.2%

PE&OLES.MXIndustrias Penoles SAB de CV3.6%

AC.MXArca Continental SAB de CV Class B Ordinary Shares2.8%

ASURB.MXGrupo Aeroportuario del Sureste SAB de CV Class B2.5%

Holdings snapshot as of Jul 17, 2026.

What moves this

EWW's story has shifted in recent years from a purely commodity- and consumer-driven index toward one increasingly influenced by US nearshoring and manufacturing-relocation trends, even as the peso has been comparatively more stable against the dollar than is typical for major emerging-market currencies.

FAQ

What is 'nearshoring' and why does it matter for this fund?

It refers to companies relocating manufacturing closer to the US market, often to Mexico, as an alternative to more distant supply chains — a trend that has become an increasingly cited driver of Mexican industrial and real estate earnings.

Has the Mexican peso really been unusually stable?

Relative to many other emerging-market currencies' historical volatility, the peso's swings against the dollar have been comparatively contained in recent years, though this can change with shifts in US-Mexico trade policy or global risk sentiment.

Is this fund still commodity-driven like Brazil's?

Less purely so — Mexico's index includes meaningful consumer, industrial, and financial-sector exposure alongside commodity-linked names, giving it a somewhat different composition than Brazil's.