Fair Value Calculator Check a stock

iShares MSCI Spain ETF (EWP)

Look-through valuation · Country · Expense ratio 0.50 % · ISIN US4642867646

EWP iShares MSCI Spain ETF EWP undervalued
Holdings vs fair value +14.8 % weighted average
Quality 65/100 avg alpha quality
Expense ratio 0.50 % per year (TER)
Fund size $ 1.8B yield 2.81 %
The look-through covers 58 % of the fund by weight (17 of 21 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 1996)

$ 59 $ 5 Mar 1996 Jul 2026

Monthly close since 1996. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding Weight vs fair value Quality
Banco Santander S.A. SAN 19.5 % +6.9 % 69
Banco Bilbao Vizcaya Argentaria SA BBVA 13.4 % n/a n/a
Caixabank SA CABK 4.6 % −10.8 % 75
Industria de Diseno Textil SA ITX 4.4 % −19.7 % 74
Repsol S.A. REP 4.3 % n/a n/a
Ferrovial S.A. FER 4.1 % n/a n/a
Amadeus IT Group S.A. AMS 3.6 % +29.5 % 69
Aena SA AENA 3.5 % +8.3 % 69
Banco de Sabadell S.A SAB 3.2 % +49.8 % 71
Naturgy Energy Group SA NTGY 3.1 % +24.6 % 61
Endesa SA ELE 2.9 % −30.4 % 67
Telefonica TEF 2.4 % +178.9 % 41
Cellnex Telecom SA CLNX 2.3 % −12.7 % 32
Bankinter BKT 2.2 % +1.8 % 61
Acciona ANA 2.1 % +6.9 % 56
International Consolidated Airlines Group S.A IAG 1.8 % +101.8 % 57
Mapfre MAP 1.3 % +9.2 % 61
Indra A IDR 1.1 % −25.0 % 48
Iberdrola S.A. IBE 0.3 % n/a n/a
Redeia Corporacion S.A. RED 0.1 % −30.3 % 51
ACS Actividades de Construccion y Servicios SA ACS 0.1 % −37.7 % 66

Fair value and quality per position come from the same valuation as our stock pages. Showing the 21 largest of 21 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives iShares MSCI Spain ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.