EWP vs SPY
Comparison between ISHARES MSCI SPAIN ETF (EWP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceEWP has outperformed SPY, delivering a return of +21.0% compared to +13.2%
EWP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWP
$1.90B
Winner
SPY
$781B
Expense Ratio
EWP
0.50%
Winner
SPY
0.09%
Max Drawdown
EWP
73.65%
Winner
SPY
56.47%
Sharpe Ratio
Winner
EWP
1.71
SPY
1.43
5Y Beta
Winner
EWP
0.69
SPY
1.00
P/E Ratio
EWP
N/A
SPY
26.48
Forward P/E
EWP
N/A
SPY
20.89
PEG Ratio
EWP
N/A
SPY
0.30
5Y Dividends CAGR
Winner
EWP
13.88%
SPY
6.00%
5Y EPS CAGR
EWP
N/A
SPY
26.40%
Debt to Equity
EWP
N/A
SPY
48.17%
P/S Ratio
EWP
N/A
SPY
3.72
P/B Ratio
EWP
N/A
SPY
5.55
EWP vs SPY - Holdings Comparison
EWP and SPY have 1 common holdings. Overlap is -0.02%
EWP's top 25 holdings weight is 99.97%. SPY's top 25 holdings weight is 51.49%.
| Rank | EWP | SPY |
|---|---|---|
| #1 | BANCO SANTANDER SA (n/a) - 19.48% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | IBERDROLA SA (n/a) - 14.06% | APPLE INC (AAPL) - 7.44% |
| #3 | BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 13.44% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | CAIXABANK SA (n/a) - 4.63% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | INDUSTRIA DE DISENO TEXTIL SA SHARE FROM SPLIT (n/a) - 4.39% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | REPSOL SA (n/a) - 4.27% | BROADCOM INC (AVGO) - 2.83% |
| #7 | FERROVIAL NV (n/a) - 4.07% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA (n/a) - 3.92% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | AMADEUS IT GROUP SA (n/a) - 3.58% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | AENA SME SA (n/a) - 3.45% | TESLA INC (TSLA) - 1.65% |
| #11 | BANCO DE SABADELL SA (n/a) - 3.18% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | NATURGY ENERGY GROUP SA (n/a) - 3.07% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | ENDESA SA (n/a) - 2.94% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | TELEFONICA SA (n/a) - 2.44% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | CELLNEX TELECOM SA (n/a) - 2.26% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | BANKINTER SA (n/a) - 2.24% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | ACCIONA SA (n/a) - 2.12% | VISA INC CLASS A (V) - 0.91% |
| #18 | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA (n/a) - 1.76% | INTEL CORP (INTC) - 0.77% |
| #19 | REDEIA CORPORACION SA (n/a) - 1.55% | WALMART INC (WMT) - 0.75% |
| #20 | MAPFRE SA (n/a) - 1.27% | ABBVIE INC (ABBV) - 0.70% |
| #21 | INDRA SISTEMAS SA SHS CLASS -A- (n/a) - 1.15% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | EUR CASH (n/a) - 0.28% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | IBERDROLA S A RIGHTS SA (n/a) - 0.28% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.09% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | ACS ACTIVIDADES DE CONSTRUCCION Y (n/a) - 0.05% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 27 | 505 |
EWP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EWP
+3.35%
SPY
+2.30%
3M
Winner
EWP
+9.76%
SPY
+5.00%
6M
Winner
EWP
+12.09%
SPY
+11.88%
1Y
Winner
EWP
+39.02%
SPY
+22.80%
5Y(CAGR)
Winner
EWP
+20.97%
SPY
+13.20%
10Y(CAGR)
EWP
+12.83%
Winner
SPY
+15.26%
Max(CAGR)
EWP
+6.89%
Winner
SPY
+8.59%
EWP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWP | SPY |
|---|---|---|
| 2026 | +15.70% | +13.10% |
| 2025 | +78.53% | +18.00% |
| 2024 | +6.19% | +25.59% |
| 2023 | +29.44% | +26.72% |
| 2022 | -6.16% | -18.64% |
| 2021 | -0.54% | +30.52% |
| 2020 | -5.20% | +17.28% |
| 2019 | +11.70% | +31.09% |
| 2018 | -16.24% | -5.24% |
| 2017 | +25.38% | +20.78% |
| 2016 | -0.48% | +13.59% |
| 2015 | -16.36% | +1.31% |
| 2014 | -3.56% | +14.56% |
| 2013 | +30.86% | +29.00% |
| 2012 | +3.18% | +14.17% |
| 2011 | -9.61% | +0.85% |
| 2010 | -21.26% | +13.14% |
| 2009 | +31.36% | +22.67% |
| 2008 | -36.80% | -36.25% |
| 2007 | +19.88% | +5.32% |
| 2006 | +44.57% | +13.85% |
| 2005 | +5.10% | +5.32% |
| 2004 | +27.54% | +10.75% |
| 2003 | +55.21% | +24.18% |
| 2002 | -15.29% | -22.42% |
| 2001 | -11.66% | -10.13% |
| 2000 | -17.31% | -8.84% |
| 1999 | +10.78% | +8.61% |
EWP vs SPY Drawdown Comparison
The maximum drawdown for EWP was -61.20%, occurring on Mar 9, 2009. Recovery took 4204 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -0.36%.
| Rank | EWP | SPY |
|---|---|---|
| #1 | -61.20% Dec 10, 2007 - Aug 23, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -47.57% Mar 16, 2000 - Jan 2, 2004 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -13.47% Feb 17, 2004 - Oct 21, 2004 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -12.89% May 10, 2006 - Aug 15, 2006 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.19% Apr 3, 2025 - Apr 17, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.69% Sep 26, 2024 - Feb 12, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.38% Feb 25, 2026 - Apr 17, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.96% Jan 3, 2000 - Mar 2, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.86% Feb 20, 2007 - Apr 2, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.48% Mar 4, 2005 - Aug 9, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.38% Jul 19, 2007 - Oct 2, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.87% Sep 29, 2005 - Jan 3, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.49% Jun 4, 2007 - Jul 12, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.31% Dec 30, 2004 - Feb 14, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.03% Apr 17, 2026 - Jun 12, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWP and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.
0.78
-101
Dividend Comparison (1999 - 2026)
EWP vs SPY dividend yield comparison.
| Year | EWP | SPY |
|---|---|---|
| 2026 | 1.48% | 0.48% |
| 2025 | 2.27% | 1.07% |
| 2024 | 4.35% | 1.21% |
| 2023 | 2.70% | 1.40% |
| 2022 | 3.07% | 1.65% |
| 2021 | 3.29% | 1.20% |
| 2020 | 2.56% | 1.52% |
| 2019 | 3.72% | 1.75% |
| 2018 | 3.69% | 2.04% |
| 2017 | 2.72% | 1.80% |
| 2016 | 4.65% | 2.03% |
| 2015 | 3.85% | 2.06% |
| 2014 | 4.72% | 1.87% |
| 2013 | 2.84% | 1.81% |
| 2012 | 4.64% | 2.18% |
| 2011 | 9.66% | 2.05% |
| 2010 | 5.85% | 1.80% |
| 2009 | 4.26% | 1.95% |
| 2008 | 7.09% | 3.02% |
| 2007 | 1.82% | 1.85% |
| 2006 | 0.71% | 1.73% |
| 2005 | 2.05% | 1.73% |
| 2004 | 1.73% | 1.82% |
| 2003 | 0.98% | 1.47% |
| 2002 | 0.88% | 1.70% |
| 2001 | 0.79% | 1.25% |
| 2000 | 4.14% | 1.15% |
| 1999 | 0.00% | 0.24% |
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