EWP Is Beating the Eurozone by a Mile With a 50% One-Year Return

"EWP is a pure-play bet on Spanish large-cap equities. It tracks the MSCI Spain Index and holds roughly 30 publicly traded Spanish companies, giving investors concentrated exposure to a single economy rather than the blended eurozone exposure you'd get from a broader fund. The ETF has been around since March 1996 and currently holds about $1.9 billion in net assets."

"The top three holdings alone, Banco Santander, Iberdrola, and BBVA, represent roughly 46% of the fund. Banking dominates at the top, but the rest of the portfolio fans out across utilities, infrastructure, energy, travel, and telecom. Think of it as a cross-section of the Spanish economy weighted toward its most globally connected companies."

"Over the past year, EWP returned 49.51%, more than double the 21.67% returned by EZU, the iShares MSCI Eurozone ETF. That gap is not a fluke driven by a single quarter - it reflects Spain's sustained economic momentum relative to a eurozone that has struggled with sluggish German industrial output and weak French consumer demand."

EWP is a concentrated ETF tracking the MSCI Spain Index with approximately 30 large-cap Spanish companies and $1.9 billion in assets. The fund's top three holdings—Banco Santander, Iberdrola, and BBVA—comprise 46% of the portfolio, with banking as the dominant sector alongside utilities, infrastructure, energy, travel, and telecom. EWP charges 0.5% annually and offers a 1.8% dividend yield. Over the past year, EWP returned 49.51%, significantly outperforming the eurozone-focused EZU at 21.67%. This outperformance reflects Spain's sustained economic momentum relative to struggling German industrial output and weak French consumer demand, with five-year returns of 127.79% versus EZU's 57.58%.

Read at 24/7 Wall St.