ATLASiShares MSCI Germany ETF (EWG): outlook, holdings and fees
iShares MSCI Germany ETF (EWG) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.47% and the yield is 2.01%. The ten largest holdings are 64% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on EWG
| Last price | $42.32 (+1.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $41.33 – $43.74 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 2.01% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
EWG fund facts
| Issuer | iShares |
|---|---|
| Theme | Europe |
| Assets under management | $1.5B |
| Expense ratio | 0.47% |
| Number of holdings | 50 |
| Portfolio turnover | 6% |
| Inception | Mar 12, 1996 |
| Exchange | NYSE |
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to measure the performance of the large- and mid-capitalization segments of the German equity market. The fund is non-diversified.
EWG top holdings
| Holding | Sector | Weight |
|---|---|---|
| Siemens Aktiengesellschaft SIE | Industrials | 11.86% |
| SAP SE SAP | Technology | 12.01% |
| Allianz SE VNA O.N. ALV | Financial Services | 9.60% |
| Siemens Energy AG ENR | Industrials | 7.02% |
| Deutsche Telekom AG DTE | Communication Services | 5.21% |
| Infineon Technologies AG IFX | Technology | 4.87% |
| Münchener Rück AG MUV2 | Financial Services | 3.99% |
| Deutsche Börse AG DB1 | Financial Services | 3.20% |
| Deutsche Post AG DHL | Industrials | 3.10% |
| Deutsche Bank Aktiengesellschaft DBK | Financial Services | 3.16% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
EWG sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 29.8% |
| Financial Services | 22.0% |
| Technology | 17.0% |
| Consumer Cyclicals | 7.2% |
| Healthcare | 6.7% |
| Communication Services | 5.3% |
| Basic Materials | 5.2% |
| Utilities | 4.6% |
| Consumer Defensive | 1.5% |
| Real Estate | 0.7% |
By region: Europe Developed 99.5%, North America 0.5%.
EWG returns and risk
| Year to date | -1.7% |
|---|---|
| 1 year | +0.6% |
| 3 years (annualised) | +18.6% |
| 5 years (annualised) | +7.7% |
| 10 years (annualised) | +7.2% |
| Volatility (3 years) | 15.3% |
| Sharpe ratio (3 years) | 0.90 |
Past returns do not guarantee future results.
EWG: frequently asked questions
What does EWG invest in?
iShares MSCI Germany ETF invests in a portfolio of securities. Its largest holdings are Siemens Aktiengesellschaft (11.9%), SAP SE (12.0%), Allianz SE VNA O.N. (9.6%), Siemens Energy AG (7.0%), Deutsche Telekom AG (5.2%).
What is the EWG expense ratio?
0.47% a year: about $47.00 for every $10,000 invested.
What is the EWG dividend yield?
2.01%. ATLAS does not hold the exact distribution dates for ETFs.
Will EWG go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $41.33 to $43.74 from $42.32 today. It is a probability, not a prediction.
How has EWG performed?
Year to date -1.7%, one year +0.6%, three years +18.6% a year, five years +7.7% a year. Past returns do not guarantee future results.
Similar ETFs: Europe
Educational information, not investment advice. Disclaimer