EWP holdings and overlap
iShares MSCI Spain ETF (EWP) holds 21 positions in its iShares file of 2026-10-27. Its three largest are Banco Santander (SAN.ES) at 17.78%, Iberdrola (IBE.ES) at 13.78% and Banco Bilbao Vizcaya Argentaria (BBVA.ES) at 13.20%, and its ten largest make up 73.9% of the fund.
In its iShares file of 2026-10-27, EWP is 42.4% financials, 22.2% utilities and 10.9% industrials by sector (no sector found for 5.5%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 99.6% of EWP is in Spain.
What does EWP hold, as of its issuer file of 2026-10-27?
Banco Santander is 17.78% of EWP on its own, against a median largest position of 10.9% across the 25 Europe funds with a page here. The position EWP carries furthest above that group is Iberdrola at 13.78% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | SAN.ES Banco Santander | 17.78% | |
| 2 | IBE.ES Iberdrola | 13.78% | |
| 3 | BBVA.ES Banco Bilbao Vizcaya Argentaria | 13.2% | |
| 4 | REP.ES Repsol | 4.81% | |
| 5 | ITX.ES Industria de Diseno Textil SA | 4.53% | |
| 6 | AMS.ES Amadeus It Group | 4.26% | |
| 7 | CABK.ES Caixabank SA | 4.2% | |
| 8 | FER.ES Ferrovial NV | 4.0% | |
| 9 | AENA.ES Aena Sme SA | 3.75% | |
| 10 | SAB.ES Banco de Sabadell | 3.57% | |
| 11 | ELE.ES Endesa SA | 3.31% | |
| 12 | NTGY.ES Naturgy Energy Group SA | 3.24% | |
| 13 | ACS.ES Acs Actividades de Construccion y | 3.12% | |
| 14 | CLNX.ES Cellnex Telecom | 2.62% | |
| 15 | TEF.ES Telefonica SA | 2.51% | |
| 16 | BKT.ES Bankinter | 2.1% | |
| 17 | IDR.ES Indra Sistemas SA | 1.87% | |
| 18 | ANA.ES Acciona | 1.84% | |
| 19 | RED.ES Redeia Corporacion SA | 1.84% | |
| 20 | IAG.ES International Airlines Group | 1.76% | |
| 21 | MAP.ES Mapfre SA | 1.55% |
The most recent file iShares has published for EWP is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 21 positions EWP holds, with its weight, is in the fund's JSON file. See the other 53 ETFs with a page here that hold SAN.ES, and how their weights compare with the 17.78% EWP 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 Spain, which this site counts in Europe. How categories are set.
https://tickerinside.com/api/v1/fund/ewp.jsonhttps://tickerinside.com/api/v1/fund/ewp.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/ewp.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/ewp.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/ewp.jsonHow much money went into or out of EWP?
On the close of Friday, October 23, 2026, EWP neither created nor redeemed shares. Over its last 5 closes, a net outflow of $27 million.
From EWP's own holdings files. Every ETF's latest flows.
How is EWP split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Financials | 42.4% | |
| Utilities | 22.2% | |
| Industrials | 10.9% | |
| Consumer discretionary | 8.8% | |
| Communication services | 5.1% | |
| Energy | 4.8% | |
| No sector found | 5.5% |
| Country | Weight | Weight bar |
|---|---|---|
| Spain | 99.6% |
From its iShares file of 2026-10-27. How these are measured.
What did EWP hold in its SEC reports since 2019?
EWP's largest position in its SEC filings has been Banco Santander SA (SAN.ES) since 2019-11-30: 15.06% then and 17.92% in its report for 2026-05-31, across 27 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-11-30 | 23 | SAN.ES 15.06% | 69.7% |
| 2020-11-30 | 21 | IBE.ES 21.03% | 74.1% |
| 2021-11-30 | 18 | IBE.ES 19.29% | 77.2% |
| 2022-11-30 | 19 | IBE.ES 19.67% | 77.2% |
| 2023-11-30 | 19 | IBE.ES 17.37% | 76.5% |
| 2024-11-30 | 17 | IBE.ES 18.05% | 76.6% |
| 2025-11-30 | 21 | SAN.ES 17.80% | 74.6% |
| 2026-05-31 | 22 | SAN.ES 17.92% | 73.7% |
The first report, then the last of each year, of the 27 reports EWP 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/ewp/{date}.json. How these are read.
What does EWP share with other ETFs?
The ETF nearest to EWP is EUFN: the two hold 12.0% of their weight in common, in the 6 companies both own, and 42.6% of EWP itself is also held there. EWP barely overlaps any covered ETF.
| ETF | Overlap by weight | Of EWP held there | Of that ETF in EWP | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| EUFN | 12.0% | 42.6% | 12.0% | 6 | |
| EZU | 11.5% | 100.0% | 11.5% | 21 | |
| FEZ | 11.2% | 49.5% | 11.3% | 4 | |
| HEZU | 11.2% | 100.0% | 11.5% | 21 | |
| IDV | 10.1% | 23.9% | 10.1% | 8 | |
| JXI | 8.4% | 22.2% | 8.4% | 4 | |
| IGF | 7.8% | 17.6% | 9.1% | 2 | |
| ICLN | 6.8% | 13.8% | 6.8% | 1 | |
| IDMO | 6.7% | 60.4% | 6.7% | 7 | |
| IEV | 6.0% | 90.8% | 6.0% | 16 | |
| VGK | 5.7% | 100.0% | 5.7% | 21 | |
| IEUR | 5.4% | 100.0% | 5.5% | 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 EWP against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to EWP?
USRT shares 0% of weight with EWP and its weekly returns correlate with it at 0.34 over three years. The table lists the covered ETFs with the least in common with EWP, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.34 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.35 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.36 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.44 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.44 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.45 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.45 | 0 |
| IJH | iShares Core S&P Mid-Cap ETF | 0.0% | 0.49 | 0 |
Cost, returns and risk
| Expense ratio | 0.50% |
|---|---|
| Dividend yield | 2.82% |
| Total return, 1 year | 16.6% |
| Total return, 3 years cumulative | 125.0% |
| Total return, 5 years cumulative | 134.8% |
| Volatility, annualised | 16.9% |
| Worst fall, 3 years | -11.1% |
| Beta against SPY, 3 years of weekly returns | 0.61 |
| Weight in the ten largest positions | 73.9% |
| Largest single position | 17.8% |
| Assets under management | $2.4B |
Expense ratio, yield and assets are reference data (the expense ratio from EWP'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 | 0.50loosely linked | 117 |
| QQQ | 0.39barely linked | 128 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 7.1% |
| 2025 | 78.0% |
| 2024 | 5.7% |
| 2023 | 30.3% |
| 2022 | -5.2% |
One year
Where to go next
- EWQ, iShares MSCI France ETF
- EWU, iShares MSCI United Kingdom ETF
- EWUS, iShares MSCI United Kingdom Small-Cap ETF
- EZU, iShares MSCI Eurozone ETF
- Run a portfolio x-ray to see what EWP carries once you look through it
- Compare EWP 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 Spain ETF (EWP), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/ewp/, CC BY 4.0
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