EWN
iShares MSCI Netherlands ETF
#5 of 13 in Developed Markets by own-history percentile (high → low)
Relative to SPY
Relative price history
EWN ÷ SPY, 10-year range, as of Sep 18, 2026
How the reading moved
These changes re-score an older EWN÷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: +14.5 pts (from 9.5% on Aug 31, 2026 to 24% now)
- About one month: +13.6 pts (from 10.4% on Jul 31, 2026 to 24% now)
Developed Markets
Where this sits among peers
Developed Markets · EWN highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
EWN is a small index concentrated in a handful of large multinational companies, including a dominant semiconductor-equipment maker, so this fund's relative price can be driven by a single company's fortunes in the global chip-manufacturing supply chain more than by the Dutch domestic economy.
FAQ
Is this fund really representative of the Dutch economy?
Not especially — a small number of large multinational names dominate the index weight, so the fund's moves often reflect those specific companies' global businesses rather than domestic Dutch activity.
Why would a semiconductor company be a big part of a country index?
Small developed-market indices are often concentrated by construction, and when one globally significant company happens to be headquartered there, it can dominate the country fund's weight.
Does this overlap with the technology sector page?
There's thematic overlap in that chip-cycle sentiment can move both, but this page tracks the Netherlands specifically against the S&P 500, not against the US technology sector.
Developed Markets