iShares MSCI Spain ETF

10-Year Study

EWP.US · · US · ETF

Executive Summary: iShares MSCI Spain ETF has compounded at 11.1% annually over the last 10 years, with a maximum drawdown of 38.7% and an annualized volatility of 20.3%.

1Y CAGR
+39.7%
3Y CAGR
+33.7%
5Y CAGR
+17.2%
10Y CAGR
+11.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
38.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.44
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.70
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
20.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +78.0%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -15.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20264.41.7-5.15.6————————6.4%
20256.29.45.56.76.62.91.66.73.81.43.05.878.0%
2024-3.5-0.99.9-2.87.6-5.73.94.54.1-3.9-3.5-2.75.7%
202311.31.91.72.5-5.48.31.5-2.9-3.4-2.714.11.930.3%
20220.4-3.0-0.5-3.56.8-9.9-1.6-5.1-9.010.611.80.2-5.2%
2021-3.83.91.35.66.3-6.2-2.31.2-4.14.8-10.25.30.2%
2020-3.1-6.1-22.72.24.64.40.82.3-6.0-3.427.42.8-3.9%
20196.91.5-1.64.8-6.14.2-5.1-2.64.22.7-0.84.411.9%
20188.7-7.8-1.02.3-8.31.04.0-5.9-0.4-6.52.9-4.1-15.3%
20173.7-0.711.45.04.5-0.73.9-1.20.10.3-0.6-0.927.0%
2016———6.1-3.1-8.75.10.91.22.3-8.38.02.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 20.3%. The dominant macroeconomic risk driver is VEA.US, accounting for 63.6% of variance. Idiosyncratic stock-specific factors contribute 9.2%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110610.764144011755
2016-05-0110279.614662421422
2016-06-019380.765776798105
2016-07-019861.417258551717
2016-08-019951.577679810596
2016-09-0110071.740550249
2016-10-0110308.290472691648
2016-11-019452.098130459628
2016-12-0110212.211200914358
2017-01-0110585.864152175687
2017-02-0110516.521756878112
2017-03-0111714.578741121724
2017-04-0112296.258878275776
2017-05-0112854.82488366397
2017-06-0112769.409747734508
2017-07-0113271.032329169728
2017-08-0113107.70266960568
2017-09-0113119.387296922196
2017-10-0113158.268021879336
2017-11-0113080.506571965057
2017-12-0112967.23201894032
2018-01-0114091.048248836638
2018-02-0112998.918279043186
2018-03-0112864.366478896234
2018-04-0113161.176422565106
2018-05-0112072.975344926115
2018-06-0112193.903583966037
2018-07-0112684.045636378478
2018-08-0111940.770675157155
2018-09-0111896.58339456282
2018-10-0111125.19389337905
2018-11-0111450.628622744714
2018-12-0110980.13103110458
2019-01-0111733.406808719077
2019-02-0111905.359621193566
2019-03-0111712.945954771818
2019-04-0112273.80806596457
2019-05-0111520.532288350067
2019-06-0112000.72454894277
2019-07-0111390.521675238793
2019-08-0111091.670748632541
2019-09-0111556.555637194871
2019-10-0111872.040574740795
2019-11-0111776.573597844721
2019-12-0112290.084904890195
2020-01-0111903.318638256183
2020-02-0111172.391623806025
2020-03-018635.347783492529
2020-04-018826.587884725282
2020-05-019230.29430973957
2020-06-019635.939668544368
2020-07-019713.13984815087
2020-08-019931.984243611721
2020-09-019335.609029308514
2020-10-019013.848069230142
2020-11-0111485.019185239611
2020-12-0111806.26989958364
2021-01-0111360.927422646744
2021-02-0111801.881786268264
2021-03-0111959.088497020162
2021-04-0112627.102212425503
2021-05-0113421.758919095437
2021-06-0112585.670258796636
2021-07-0112302.22875336762
2021-08-0112448.363131684217
2021-09-0111943.52600212262
2021-10-0112519.23626418483
2021-11-0111239.386888725609
2021-12-0111835.66005388195
2022-01-0111885.255939260347
2022-02-0111524.81835251857
2022-03-0111470.732304677931
2022-04-0111069.781206629112
2022-05-0111826.679728957466
2022-06-0110659.135439627726
2022-07-0110485.447791656461
2022-08-019950.659237488773
2022-09-019059.361988733774
2022-10-0110019.23626418483
2022-11-0111203.0573924402
2022-12-0111222.752877785942
2023-01-0112489.84610988652
2023-02-0112721.905869866927
2023-03-0112935.39268511715
2023-04-0113260.266144175033
2023-05-0112540.870683321085
2023-06-0113585.08857865948
2023-07-0113791.942199363211
2023-08-0113387.674504041144
2023-09-0112926.97363050045
2023-10-0112579.13911339701
2023-11-0114346.630337170382
2023-12-0114618.183116989141
2024-01-0114102.57980243285
2024-02-0113968.895420034287
2024-03-0115358.192505510653
2024-04-0114933.259857947587
2024-05-0116069.526083761939
2024-06-0115153.175769450567
2024-07-0115740.31553596212
2024-08-0116443.842354477914
2024-09-0117123.132500612293
2024-10-0116458.4353824802
2024-11-0115880.990284921218
2024-12-0115451.210302881866
2025-01-0116416.59523226386
2025-02-0117954.220752714504
2025-03-0118939.505265735977
2025-04-0120203.485998857046
2025-05-0121542.11568291289
2025-06-0122158.288431708705
2025-07-0122505.561678504368
2025-08-0124010.27634908972
2025-09-0124911.11519307699
2025-10-0125248.285574332593
2025-11-0125998.142705526978
2025-12-0127507.347538574573
2026-01-0128721.732386317246
2026-02-0129206.465833945625
2026-03-0127711.445832312842
2026-04-0129272.79777941056
Annual Return Matrix
YearAnnual Return
20170.26977710936680266
2018-0.15324018147691987
20190.11930220778556921
2020-0.03936628664900821
20210.0024893683227882324
2022-0.05178479048111739
20230.3025487842580974
20240.0569856855141313
20250.7802713832355299
20260.06418104247820433
Total Factor Risk
0.20349326668805187
VTI.US Exposure
-0.02283742679171482
VEA.US Exposure
0.6359722720762553
VWO.US Exposure
-0.01699269455532356
QQQ.US Exposure
0.0704290267114358
VTV.US Exposure
0.08448529452247647
IJR.US Exposure
-0.030230513592942418
QUAL.US Exposure
-0.1649848525588983
SHV.US Exposure
0.12749739725915454
TLT.US Exposure
-0.03935855371307849
LQD.US Exposure
0.010363375736096027
HYG.US Exposure
0.07121357792549403
GLD.US Exposure
-0.022408097969950417
USO.US Exposure
0.006524371917733739
VNQ.US Exposure
0.011518690240858196
BTC-USD.CC Exposure
0.0013620348890508824
CPER.US Exposure
0.017878830561727878
VIX.INDX Exposure
0.011805159484841404
UUP.US Exposure
0.10276249076885885
TIP.US Exposure
0.05331211399577857
Idiosyncratic Exposure
0.09168750309214622
Value Score
45
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
25.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
20.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →12.4x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.13%
Market Cap$60.2B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+3.8%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+12.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.5% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.14
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Spain ETF a high-risk investment?

iShares MSCI Spain ETF (EWP.US) has an annualized volatility of 20.3% and experienced a maximum drawdown of 38.7% over the last 10 years. Its primary macro risk driver is VEA.US.

What is the 10-year return of EWP.US?

Over the past 10 years, EWP.US has generated a Compound Annual Growth Rate (CAGR) of 11.1%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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