EWG Performance — iShares MSCI Germany ETF
Data updated: 2026-07-27
EWG returned +2.31% year to date and +5.33% over one year to May 2026. Annualised returns are +18.43% over 3 years and +6.55% over 5 years. The fund trailed its Germany Equity category average: $100 invested three years ago grew to $166, against $175 for the category, and to $105 over one year, against $113. Volatility over the past three years was 15.94% a year. In the 12 months to May 2026 the fund lost a net $1.3B, and assets reached $1.47B.
EWG Growth of $100
What $100 invested in iShares MSCI Germany ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Germany Equity category average over the same months.
| Period | EWG | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $113 |
| 3 years (Jun 2023 – May 2026) | $166 | $175 |
| 5 years (Jun 2021 – May 2026) | $137 | $150 |
| Since data start (Sep 2019 – May 2026) | $192 | $210 |
EWG Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.31% |
| 1 year | +5.33% |
| 3 years (annualised) | +18.43% |
| 5 years (annualised) | +6.55% |
EWG Annual Returns
Calendar-year total returns of iShares MSCI Germany ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.31% |
| 2025 | +35.16% |
| 2024 | +10.31% |
| 2023 | +22.91% |
| 2022 | −22.18% |
| 2021 | +4.85% |
| 2020 | +11.34% |
| 2019 (Sep–Dec) | +12.45% |
EWG Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | +2.9% | −10.1% | +6.3% | +2.6% | — | — | — | — | — | — | — |
| 2025 | +8.4% | +4.6% | +2.4% | +6.9% | +5.7% | +2.8% | −3.0% | +1.8% | −0.3% | −2.3% | +0.2% | +4.0% |
| 2024 | −1.9% | +5.1% | +3.7% | −4.0% | +5.6% | −2.7% | +2.1% | +4.8% | +3.6% | −4.3% | −0.3% | −1.1% |
| 2023 | +13.2% | −2.9% | +4.4% | +3.4% | −4.9% | +4.9% | +2.6% | −4.8% | −6.1% | −3.7% | +12.8% | +4.3% |
| 2022 | −2.3% | −8.7% | −3.2% | −8.1% | +5.0% | −13.3% | +2.3% | −7.3% | −9.5% | +10.3% | +16.7% | −2.4% |
| 2021 | −1.9% | +2.0% | +4.1% | +3.4% | +3.4% | −2.0% | 0.0% | +1.3% | −6.1% | +2.7% | −6.1% | +4.7% |
| 2020 | −3.1% | −9.3% | −17.1% | +9.7% | +8.7% | +6.2% | +5.0% | +6.3% | −3.1% | −10.3% | +17.1% | +6.0% |
| 2019 | — | — | — | — | — | — | — | — | +2.4% | +5.9% | +1.8% | +1.9% |
EWG Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 15.94%
- 3-year Sharpe ratio: 0.87 (vs 4.5% risk-free rate)
- Best month: +12.80% (Nov 2023)
- Worst month: −10.14% (Mar 2026)
EWG Fund Flows
Monthly money in and out of iShares MSCI Germany ETF, from SEC Form N-PORT.
- 12-month net flow: −$1.3B
- 12-month gross sales (incl. reinvestments): $328.8M
- Sales ÷ redemptions: 0.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $165.5M | $177.7M | −$12.2M |
| Apr 2026 | $88.3M | $123.8M | −$35.5M |
| Mar 2026 | $0 | $213.7M | −$213.7M |
| Feb 2026 | $0 | $13.2M | −$13.2M |
| Jan 2026 | $0 | $25.9M | −$25.9M |
| Dec 2025 | $0 | $61.9M | −$61.9M |
| Nov 2025 | $0 | $243.4M | −$243.4M |
| Oct 2025 | $0 | $12.7M | −$12.7M |
| Sep 2025 | $0 | $458.4M | −$458.4M |
| Aug 2025 | $0 | $316.4M | −$316.4M |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $74.9M | $0 | $74.9M |
EWG Assets Under Management
Net assets of iShares MSCI Germany ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.47B |
| 2026-02-28 | $1.79B |
| 2025-11-30 | $1.75B |
| 2025-08-31 | $2.52B |
| 2025-05-31 | $2.77B |
| 2025-02-28 | $1.08B |
| 2024-11-30 | $861.67M |
| 2024-08-31 | $930.69M |
| 2024-05-31 | $954.58M |
| 2024-02-29 | $1.01B |
| 2023-11-30 | $1.02B |
| 2023-08-31 | $1.56B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.