EWI holdings and overlap
iShares MSCI Italy ETF (EWI) holds 25 positions in its iShares file of 2026-10-27. Its three largest are Unicredit (UCG.IT) at 16.68%, Intesa Sanpaolo (ISP.IT) at 14.05% and Enel (ENEL.IT) at 11.63%, and its ten largest make up 72.7% of the fund.
In its iShares file of 2026-10-27, EWI is 55.3% financials, 16.8% utilities and 8.1% consumer discretionary by sector (no sector found for 4.5%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 99.8% of EWI is in Italy.
What does EWI hold, as of its issuer file of 2026-10-27?
Unicredit is 16.68% of EWI on its own, against a median largest position of 10.9% across the 25 Europe funds with a page here. The position EWI carries furthest above that group is Intesa Sanpaolo at 14.05% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | UCG.IT Unicredit | 16.68% | |
| 2 | ISP.IT Intesa Sanpaolo | 14.05% | |
| 3 | ENEL.IT Enel | 11.63% | |
| 4 | ENI.IT Eni | 5.34% | |
| 5 | G.IT Assicurazioni Generali | 4.84% | |
| 6 | RACE.IT Ferrari | 4.65% | |
| 7 | PRY.IT Prysmian | 4.15% | |
| 8 | BMPS.IT Banca Monte Dei Paschi di Siena SP | 3.88% | |
| 9 | PST.IT Poste Italiane | 3.76% | |
| 10 | LDO.IT Leonardo Finmeccanica SPA | 3.75% | |
| 11 | BPE.IT Bper Banca | 3.5% | |
| 12 | TRN.IT Terna Rete Elettrica Nazionale | 2.68% | |
| 13 | BAMI.IT Banco BPM | 2.6% | |
| 14 | FBK.IT Finecobank Banca Fineco | 2.55% | |
| 15 | SRG.IT Snam | 2.49% | |
| 16 | UNI.IT Unipol Assicurazioni SPA | 2.21% | |
| 17 | TEN.IT Tenaris SA | 1.94% | |
| 18 | MONC.IT Moncler | 1.91% | |
| 19 | STLAM.IT Stellantis | 1.51% | |
| 20 | IG.IT Italgas | 1.31% | |
| 21 | BMED.IT Banca Mediolanum | 1.19% | |
| 22 | REC.IT Recordati Industria Chimica E Farm | 1.16% | |
| 23 | CPR.IT Davide Campari Milano NV | 1.13% | |
| 24 | BZU.IT Buzzi | 0.91% | |
| 25 | UNIAXA.IT Unipol AXA | 0.0% |
The most recent file iShares has published for EWI is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 25 positions EWI holds, with its weight, is in the fund's JSON file. See the other 52 ETFs with a page here that hold UCG.IT, and how their weights compare with the 16.68% EWI gives it.
Category: Europe, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Italy, which this site counts in Europe. How categories are set.
https://tickerinside.com/api/v1/fund/ewi.jsonhttps://tickerinside.com/api/v1/fund/ewi.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/ewi.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/ewi.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/ewi.jsonHow much money went into or out of EWI?
On the close of Friday, October 23, 2026, EWI neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.
From EWI's own holdings files. Every ETF's latest flows.
How is EWI split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Financials | 55.3% | |
| Utilities | 16.8% | |
| Consumer discretionary | 8.1% | |
| Industrials | 7.9% | |
| Energy | 7.3% | |
| No sector found | 4.5% |
| Country | Weight | Weight bar |
|---|---|---|
| Italy | 99.8% |
From its iShares file of 2026-10-27. How these are measured.
What did EWI hold in its SEC reports since 2019?
In EWI's SEC filings, its largest position went from Enel SPA (ENEL.IT) at 17.26% on 2019-11-30 to Unicredit SPA (UCG.IT) at 16.26% on 2026-05-31, across 27 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-11-30 | 22 | ENEL.IT 17.26% | 70.0% |
| 2020-11-30 | 26 | ENEL.IT 21.39% | 67.4% |
| 2021-11-30 | 25 | ENEL.IT 14.90% | 67.1% |
| 2022-11-30 | 23 | ENEL.IT 11.74% | 69.5% |
| 2023-11-30 | 23 | ENEL.IT 11.85% | 68.3% |
| 2024-11-30 | 26 | ENEL.IT 11.22% | 68.3% |
| 2025-11-30 | 26 | UCG.IT 14.25% | 68.4% |
| 2026-05-31 | 25 | UCG.IT 16.26% | 71.2% |
The first report, then the last of each year, of the 27 reports EWI filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/ewi/{date}.json. How these are read.
What does EWI share with other ETFs?
The ETF nearest to EWI is EUFN: the two hold 10.6% of their weight in common, in the 11 companies both own, and 55.4% of EWI itself is also held there. EWI barely overlaps any covered ETF.
| ETF | Overlap by weight | Of EWI held there | Of that ETF in EWI | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| EUFN | 10.6% | 55.4% | 10.7% | 11 | |
| IDV | 9.5% | 25.6% | 9.6% | 5 | |
| EZU | 9.2% | 100.0% | 9.2% | 25 | |
| HEZU | 8.9% | 100.0% | 9.2% | 25 | |
| FEZ | 8.5% | 52.4% | 8.5% | 5 | |
| PIZ | 7.8% | 45.2% | 7.8% | 7 | |
| GRID | 6.0% | 18.5% | 6.0% | 3 | |
| IEV | 5.0% | 94.3% | 5.1% | 20 | |
| JXI | 4.9% | 16.8% | 4.9% | 3 | |
| VGK | 4.7% | 100.0% | 4.8% | 24 | |
| EFV | 4.6% | 82.4% | 4.6% | 19 | |
| FAN | 4.6% | 15.8% | 4.8% | 2 |
The holdings of GRID and FAN are from their SEC Form N-PORT filings for the period ended 2026-06-30, filed 2026-08-21. VGK's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check EWI against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to EWI?
IYR shares 0% of weight with EWI and its weekly returns correlate with it at 0.36 over three years. The table lists the covered ETFs with the least in common with EWI, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.36 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.37 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.46 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.46 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.47 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.50 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.52 | 0 |
| SMMD | iShares Russell 2500 ETF | 0.0% | 0.55 | 0 |
Cost, returns and risk
| Expense ratio | 0.50% |
|---|---|
| Dividend yield | 3.20% |
| Total return, 1 year | 11.9% |
| Total return, 3 years cumulative | 98.2% |
| Total return, 5 years cumulative | 96.3% |
| Volatility, annualised | 18.0% |
| Worst fall, 3 years | -13.2% |
| Beta against SPY, 3 years of weekly returns | 0.76 |
| Weight in the ten largest positions | 72.7% |
| Largest single position | 16.7% |
| Assets under management | $1.2B |
Expense ratio, yield and assets are reference data (the expense ratio from EWI's SEC filing of 2025-12-30); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.58loosely linked | 146 |
| QQQ | 0.48loosely linked | 168 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 5.4% |
| 2025 | 55.7% |
| 2024 | 10.2% |
| 2023 | 30.6% |
| 2022 | -14.2% |
One year
Where to go next
- EWL, iShares MSCI Switzerland ETF
- EWN, iShares MSCI Netherlands ETF
- EWO, iShares MSCI Austria ETF
- EWP, iShares MSCI Spain ETF
- Run a portfolio x-ray to see what EWI carries once you look through it
- Compare EWI against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares MSCI Italy ETF (EWI), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/ewi/, CC BY 4.0
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