EWU
iShares MSCI United Kingdom ETF
#6 of 13 in Developed Markets by own-history percentile (high → low)
Relative to SPY
Relative price history
EWU ÷ SPY, 10-year range, as of Jul 17, 2026
How the reading moved
These changes re-score an older EWU÷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: +13.3 pts (from 4.4% on Jun 30, 2026 to 17.7% now)
- About one month: +15.0 pts (from 2.7% on May 29, 2026 to 17.7% now)
Developed Markets
Where this sits among peers
Developed Markets · EWU highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
EWU's index is weighted toward energy, financials, and consumer staples rather than growth sectors, so its persistent discount to global peers reflects that sector composition at least as much as any specific 'UK' risk premium — a distinction that's easy to lose in headlines about post-Brexit valuations.
FAQ
Is the UK's discount really about Brexit?
Sector mix explains a meaningful part of it — heavy weights in energy, financials, and staples tend to trade at lower multiples than technology-heavy indices regardless of any country-specific political story.
What are the largest sectors in this index?
Energy majors, large banks, and consumer staples companies make up a large share of the FTSE-linked index this fund tracks.
Does this fund track the FTSE 100 exactly?
It tracks an MSCI UK index, which is similar in spirit to the FTSE 100 but not identical in construction or constituent weighting.
Developed Markets