EWN ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The iShares MSCI Netherlands ETF is a passive country fund that diversifies across the Dutch stock market, offering single-country European exposure and dividends. Expense ratio, currency exposure, and concentration are the key items to check, comparison with other European ETFs is the main selection criterion, and the trading ticker is EWN.
SubscribeWhat Is the iShares MSCI Netherlands ETF?
This is a passive country ETF that tracks an index of large-, mid-, and small-cap stocks in the Dutch equity market. It spreads investment across leading Dutch companies in semiconductor equipment, consumer goods, financials, and other sectors.
It suits country-diversification investors who want exposure to the Dutch stock market and are willing to accept single-country concentration and currency risk.
It is an ETF managed by iShares using a passive (index-tracking) approach.
How Do You Invest in the iShares MSCI Netherlands ETF?
| Item | Details |
|---|---|
| Tracked Index | MSCI Netherlands Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Periodic (per index rules) |
| Dividend Frequency | Semiannual dividends |
| Expense Ratio | 0.50% |
The fund tracks an index of large-, mid-, and small-cap Dutch stocks by market capitalization weight, while capping the weight of individual holdings. Because the number of holdings is small, a few leading companies such as semiconductor equipment makers carry large weights, and concentration in the top holdings is relatively high.
- Country exposure diversified across the Dutch stock market
- A portfolio with large weights in leading companies such as semiconductor equipment makers
iShares MSCI Netherlands ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $618.2M, and the expense ratio is 0.50% per year.
Unlike broad European ETFs, it is concentrated in a single country, so it is strongly affected by the Dutch economy, the performance of leading Dutch companies, and the euro exchange rate.
iShares MSCI Netherlands ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe Dutch stock market is influenced by the European economy, global trade, the semiconductor cycle, and the euro exchange rate. With large weights in leading companies such as semiconductor equipment makers, it reacts sensitively to global technology demand, and volatility can rise when the European economy slows.
Inflows tend to arrive when expectations for European equities and the semiconductor cycle are rising, and money can leave quickly when technology demand cools or risk aversion strengthens.
iShares MSCI Netherlands ETF Strengths and Weaknesses
Its strength is easy exposure to leading Dutch companies, while its weaknesses are single-country concentration, top-holding concentration, and currency exposure.
💪 Key Strengths
⚠️ Points of Caution
iShares MSCI Netherlands ETF Alternative ETFs and Related Products
EWU, EWL, and EWG shown in the table are other single-country European ETFs covering the United Kingdom, Switzerland, and Germany. For broader European exposure, you can also compare EZU (eurozone large caps), VGK (all of Europe), and FEZ (eurozone large caps). These differ in country composition, currency exposure, and expense ratio, so it is best to choose according to your investment goals.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWC | iShares MSCI Canada ETF | $60.69 | -0.4% | $7.5B | 0.50% | 1.24% | +20.0% |
 EWU | iShares MSCI United Kingdom ETF | $47.52 | -0.7% | $3.7B | 0.50% | 3.15% | +11.6% |
 EWL | iShares MSCI Switzerland ETF | $63.05 | -1.0% | $3.0B | 0.50% | 1.73% | +10.3% |
 EWP | iShares MSCI Spain ETF | $57.49 | -0.0% | $2.0B | 0.50% | 2.89% | +16.0% |
 EWG | iShares MSCI Germany ETF | $40.94 | -1.0% | $1.5B | 0.49% | 2.03% | -1.5% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| ASML | ASML Holding NV | 0.47% | $1571.19 | +0.7% | $605.6B | 38.7 | 0.66% |
| ING | ING Groep NV ADR | 0.16% | $31.84 | -1.9% | $89.6B | 11.8 | 4.67% |
| NBIS | Nebius Group NV | 0.07% | $158.74 | -0.3% | $43.2B | - | - |
 AER | Aercap Holdings NV | 0.05% | $145.92 | -1.2% | $22.5B | 7.2 | 1.05% |
 PHG | Koninklijke Philips NV ADR | 0.03% | $26.89 | -0.1% | $26.3B | 20.0 | 3.63% |
| CCEP | Coca-Cola Europacific Partners Plc | 0.02% | $110.84 | -3.0% | $49.1B | 21.4 | 2.24% |
iShares MSCI Netherlands ETF Investor Checkpoints
These are the points to review before investing in EWN. As a Dutch country ETF, it is important to check holding concentration, sensitivity to the technology cycle, currency exposure, and expense level in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the fees of a single-country ETF | Needs checking |
| 🎯 Holding Concentration | Check concentration in top holdings | Concentrated |
| 💻 Technology Cycle | Impact of global technology demand, including semiconductors | Sensitive |
| 💱 Currency | Check the impact of euro exchange rate changes | Not hedged |
Because it is concentrated in a single country, it depends heavily on the Dutch economy, the performance of leading Dutch companies, and the European economy, and with few holdings it is highly exposed to moves in the top names. Korean investors also bear euro exchange rate fluctuations.
It is a passive ETF suited to country-diversification investors who want exposure to the Dutch stock market. To broaden diversification across Europe, a European ETF can be an alternative, while EWN can be the choice for those who want to focus on the Netherlands.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
Today's 5 AI picks, all free