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EWKvsEWPETF Comparison

ETF 1

EWK

iShares MSCI Belgium ETF

This fund is part of

Europe Blended Cap

+0.77%

Full EWK fund page

VS

ETF 2

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

+0.77%

Full EWP fund page

iShares MSCI Belgium ETF (EWK) and iShares MSCI Spain ETF (EWP) belong to the same industry segment: Europe Blended Cap. EWK's top 3 sector exposures are Finance, Consumer Non-Cyclicals and Healthcare. In contrast, EWP's top sector exposures are Finance, Utilities and Industrials. EWK is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.5% for EWP. EWK is up 9.03% year-to-date (YTD) with +$210M in YTD flows. EWP performs worse with 7.78% YTD performance, and +$83M in YTD flows. Run a side-by-side ETF comparison of EWK and EWP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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EWK vs EWP performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWK EWP	+0.03%-4.78%	-2.96%-4.12%	+9.03%+7.78%	+12.52%+16.33%	+69.64%+135.39%	+36.36%+136.67%
Flows	EWK EWP	+$8M-$326M	+$89M+$23M	+$210M+$83M	+$220M+$319M	+$216M+$497M	+$211M+$473M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWK EWP	+13.06%+15.49%	+14.92%+18.53%	+14.78%+17.74%	+17.23%+19.34%
Max drawdown	EWK EWP	-10.37%-9.82%	-15.39%-11.32%	-15.39%-11.46%	-33.15%-30.28%
Max drawdown duration	EWK EWP	56d66d	113d106d	113d138d	1037d457d

Trading data

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	EWK	EWP
Last sale 10/30/2026 at 6:12 PM	$26.16	$56.04
Previous close 10/29/2026	$26.23	$57.04
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	EWK	EWP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 6:12 PM

Live

Closed

	EWK	EWP
Last price	$26.16	$56.04
1D performance	-0.27%	-1.75%
AuM	$246.96 M	$1.96 B
E/R	0.49%	0.5%

Characteristics

	EWK	EWP
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Belgium IMI 25/50 Index	MSCI Spain 25/50 Index
N° of holdings	39	22
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 1996	March 12, 1996
ESG	No	No

More EWK data on Trackinsight

More EWP data on Trackinsight

Exposure

Countries

EWK

Belgium

81.92%

Netherlands

17.05%

Other

1.04%

EWP

Spain

94.09%

Other

5.91%

Sectors

EWK

Finance

30.82%

Consumer Non-Cycl.

23.29%

Healthcare

23.13%

Industrials

7.71%

Non-Energy Materi.

7.29%

Other

7.76%

EWP

Finance

45.5%

Utilities

20.67%

Industrials

17.84%

Other

15.99%

Diversification

EWK

Total weight of top 15 holdings out of 15

77.94%

EWP

Total weight of top 15 holdings out of 15

88.91%

Top 15 holdings

Data as of September 30, 2026

EWK

Anheuser-Busch InBev NV

19.88%

argenx SE

17.05%

KBC Group NV

7.91%

ageas SA/NV

4.66%

UCB SA

4.30%

Aedifica SA

3.26%

Ackermans & van Haaren NV

2.79%

Syensqo NV

2.59%

Groupe Bruxelles Lambert SA

2.56%

Lotus Bakeries NV

2.47%

Elia Group SA/NV

2.43%

Umicore SA

2.25%

KBC Ancora SCA

2.04%

Sofina SA

1.93%

Warehouses De Pauw SA

1.83%

EWP

Banco Santander SA

19.22%

Banco Bilbao Vizcaya Argentaria SA

14.26%

Iberdrola SA

12.77%

Repsol SA

4.99%

CaixaBank SA

4.54%

Industria de Diseño Textil SA

4.23%

Ferrovial NV

3.85%

Amadeus IT Group SA

3.80%

Banco de Sabadell SA

3.63%

Aena S.M.E. SA

3.52%

Endesa SA

3.07%

Naturgy Energy Group SA

3.07%

ACS, Actividades de Construcción y Servicios SA

3.06%

Telefónica SA

2.54%

Bankinter SA

2.35%

Frequently asked questions about EWK and EWP

How have the EWK and EWP ETFs performed in 2026?

As of October 29, 2026, EWK is up 9.03% year-to-date (YTD), while EWP has returned 7.78%. That puts EWK better performer ahead so far this year.

Which ETF is attracting more investor money: EWK or EWP?

Year-to-date, the EWK ETF saw +$210M in flows, compared to +$83M for EWP.

Which ETF is more volatile: EWK or EWP?

Over the past year, EWK had a volatility of 14.92%, while EWP experienced 18.53%.

Which ETF is bigger: EWK or EWP?

As of October 29, 2026, EWK holds $246.96 M in assets under management (AUM), while EWP manages $1.96 B.

What sectors do the EWK and EWP ETFs invest in?

EWK leans toward sectors like Finance, Consumer Non-Cyclicals and Healthcare. Meanwhile, EWP focuses on Finance, Utilities and Industrials.

What are the top holdings of the EWK ETF and EWP ETF?

EWK top holdings include Anheuser-Busch InBev NV, argenx SE and KBC Group NV. EWP holds in its top three: Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA.

EWKvsEWPETF Comparison

iShares MSCI Belgium ETF

iShares MSCI Spain ETF

EWK vs EWP performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EWK and EWP ETFs performed in 2026?

As of October 29, 2026, EWK is up 9.03% year-to-date (YTD), while EWP has returned 7.78%. That puts EWK better performer ahead so far this year.

Which ETF is attracting more investor money: EWK or EWP?

Year-to-date, the EWK ETF saw +$210M in flows, compared to +$83M for EWP.

Which ETF is more volatile: EWK or EWP?

Over the past year, EWK had a volatility of 14.92%, while EWP experienced 18.53%.

Which ETF is bigger: EWK or EWP?

As of October 29, 2026, EWK holds $246.96 M in assets under management (AUM), while EWP manages $1.96 B.

What sectors do the EWK and EWP ETFs invest in?

EWK leans toward sectors like Finance, Consumer Non-Cyclicals and Healthcare. Meanwhile, EWP focuses on Finance, Utilities and Industrials.

What are the top holdings of the EWK ETF and EWP ETF?

EWK top holdings include Anheuser-Busch InBev NV, argenx SE and KBC Group NV. EWP holds in its top three: Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA.

Which ETF is more diversified: EWK or EWP?

EWK holds 39 securities with 77.94% of its assets in the top 15. EWP has 22 securities and a top 15 weight of 88.91%.

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