EWP
iShares MSCI Spain ETF
#1 of 13 in Developed Markets by own-history percentile (high → low)
Relative to SPY
Relative price history
EWP ÷ SPY, 10-year range, as of Sep 18, 2026
How the reading moved
These changes re-score an older EWP÷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: +40.7 pts (from 22.1% on Aug 31, 2026 to 62.8% now)
- About one month: +40.2 pts (from 22.6% on Jul 31, 2026 to 62.8% now)
Developed Markets
Where this sits among peers
Developed Markets · EWP highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
EWP's index is dominated by banks and utilities, giving it a valuation profile shaped by Eurozone peripheral bond spreads on one side and interest-rate-sensitive utility earnings on the other — two forces that can pull this fund's relative price in different directions at once.
FAQ
What sectors dominate the Spanish index?
Large banks and utility companies together make up most of the index weight, giving the fund a distinctive mix of credit-cycle and interest-rate sensitivity.
Is Spain grouped with Italy as a 'peripheral' Eurozone market?
It's often discussed alongside Italy for sovereign-spread sensitivity, though the two have different sector compositions within their respective indices.
Do Spanish banks have significant Latin American exposure?
Some of the largest banks in this index have substantial operations in Latin America, adding an additional layer of currency and regional-economic exposure beyond the domestic Spanish market.
Developed Markets