EWG
$41.57+0.07%
as of close, Oct 16, 2026
☾ AH $41.57 +0.07%
iShares MSCI Germany ETFETF · Country ETFs
iShares MSCI Germany ETF monthly returns
iShares MSCI Germany ETF has averaged 0.61% per month, positive in 56% of months. Month-by-month returns for iShares MSCI Germany ETF (EWG) below, through October 16, 2026 — the table lists the most recent months; the bar chart plots the last 5 years.
Average month
+0.6%
358 months
Best month
+24.7%
Apr 2003
Worst month
-24.0%
Sep 2002
Positive months
56%
of all months
iShares MSCI Germany ETF monthly returns#
| Month | Path | Total return |
|---|---|---|
| Oct 2026 | +0.6% | |
| Sep 2026 | -6.6% | |
| Aug 2026 | +3.2% | |
| Jul 2026 | +3.5% | |
| Jun 2026 | -2.8% | |
| May 2026 | +2.8% | |
| Apr 2026 | +6.5% | |
| Mar 2026 | -10.5% | |
| Feb 2026 | +2.9% | |
| Jan 2026 | +1.4% | |
| Dec 2025 | +3.9% | |
| Nov 2025 | +0.5% | |
| Oct 2025 | -2.1% | |
| Sep 2025 | -0.6% | |
| Aug 2025 | +1.8% | |
| Jul 2025 | -2.7% | |
| Jun 2025 | +2.5% | |
| May 2025 | +6.3% | |
| Apr 2025 | +6.5% | |
| Mar 2025 | +2.8% | |
| Feb 2025 | +4.2% | |
| Jan 2025 | +8.8% | |
| Dec 2024 | -1.4% | |
| Nov 2024 | -0.2% | |
| Oct 2024 | -4.5% | |
| Sep 2024 | +3.7% | |
| Aug 2024 | +4.9% | |
| Jul 2024 | +1.6% | |
| Jun 2024 | -2.2% | |
| May 2024 | +5.3% | |
| Apr 2024 | -4.1% | |
| Mar 2024 | +3.6% | |
| Feb 2024 | +5.4% | |
| Jan 2024 | -2.1% | |
| Dec 2023 | +4.5% | |
| Nov 2023 | +12.8% | |
| Oct 2023 | -3.9% | |
| Sep 2023 | -6.2% | |
| Aug 2023 | -4.8% | |
| Jul 2023 | +2.6% | |
| Jun 2023 | +4.9% | |
| May 2023 | -4.9% | |
| Apr 2023 | +3.3% | |
| Mar 2023 | +4.3% | |
| Feb 2023 | -2.7% | |
| Jan 2023 | +13.4% | |
| Dec 2022 | -2.6% | |
| Nov 2022 | +16.4% | |
| Oct 2022 | +10.5% | |
| Sep 2022 | -9.6% | |
| Aug 2022 | -7.4% | |
| Jul 2022 | +2.5% | |
| Jun 2022 | -13.3% | |
| May 2022 | +5.1% | |
| Apr 2022 | -8.4% | |
| Mar 2022 | -2.4% | |
| Feb 2022 | -9.2% | |
| Jan 2022 | -2.3% | |
| Dec 2021 | +3.9% | |
| Nov 2021 | -5.8% | |
| Oct 2021 | +2.6% | |
| Sep 2021 | -5.8% | |
| Aug 2021 | +1.2% | |
| Jul 2021 | -0.2% | |
| Jun 2021 | -1.7% | |
| May 2021 | +3.4% | |
| Apr 2021 | +3.5% | |
| Mar 2021 | +4.5% | |
| Feb 2021 | +1.7% | |
| Jan 2021 | -1.0% | |
| Dec 2020 | +4.4% | |
| Nov 2020 | +16.3% | |
| Oct 2020 | -9.8% | |
| Sep 2020 | -3.2% | |
| Aug 2020 | +6.5% | |
| Jul 2020 | +4.2% | |
| Jun 2020 | +6.2% | |
| May 2020 | +9.4% | |
| Apr 2020 | +9.8% | |
| Mar 2020 | -18.1% | |
| Feb 2020 | -8.1% | |
| Jan 2020 | -3.0% | |
| Dec 2019 | +1.6% | |
| Nov 2019 | +1.4% | |
| Oct 2019 | +6.1% | |
| Sep 2019 | +2.5% | |
| Aug 2019 | -2.1% | |
| Jul 2019 | -4.4% | |
| Jun 2019 | +7.1% | |
| May 2019 | -6.5% | |
| Apr 2019 | +7.0% | |
| Mar 2019 | -1.4% | |
| Feb 2019 | +1.9% | |
| Jan 2019 | +5.7% | |
| Dec 2018 | -5.6% | |
| Nov 2018 | -1.5% | |
| Oct 2018 | -8.4% | |
| Sep 2018 | -1.6% | |
| Aug 2018 | -3.4% | |
| Jul 2018 | +4.4% | |
| Jun 2018 | -3.0% | |
| May 2018 | -2.5% | |
| Apr 2018 | +1.3% | |
| Mar 2018 | -1.2% | |
| Feb 2018 | -7.4% | |
| Jan 2018 | +6.0% | |
| Dec 2017 | -0.4% | |
| Nov 2017 | +0.5% | |
| Oct 2017 | +2.0% | |
| Sep 2017 | +5.4% | |
| Aug 2017 | +0.2% | |
| Jul 2017 | +1.5% | |
| Jun 2017 | -0.5% | |
| May 2017 | +4.5% | |
| Apr 2017 | +3.2% | |
| Mar 2017 | +4.5% | |
| Feb 2017 | +0.0% | |
| Jan 2017 | +3.9% | |
| Dec 2016 | +6.7% | |
| Nov 2016 | -4.2% |
Monthly total return (since Nov 2021)#
-15%-10%-5%0%5%10%15%
Nov 2021-5.8%
Dec 2021+3.9%
Jan 2022-2.3%2022
Feb 2022-9.2%
Mar 2022-2.4%
Apr 2022-8.4%
May 2022+5.1%
Jun 2022-13%
Jul 2022+2.5%
Aug 2022-7.4%
Sep 2022-9.6%
Oct 2022+11%
Nov 2022+16%
Dec 2022-2.6%
Jan 2023+13%2023
Feb 2023-2.7%
Mar 2023+4.3%
Apr 2023+3.3%
May 2023-4.9%
Jun 2023+4.9%
Jul 2023+2.6%
Aug 2023-4.8%
Sep 2023-6.2%
Oct 2023-3.9%
Nov 2023+13%
Dec 2023+4.5%
Jan 2024-2.1%2024
Feb 2024+5.4%
Mar 2024+3.6%
Apr 2024-4.1%
May 2024+5.3%
Jun 2024-2.2%
Jul 2024+1.6%
Aug 2024+4.9%
Sep 2024+3.7%
Oct 2024-4.5%
Nov 2024-0.15%
Dec 2024-1.4%
Jan 2025+8.8%2025
Feb 2025+4.2%
Mar 2025+2.8%
Apr 2025+6.5%
May 2025+6.3%
Jun 2025+2.5%
Jul 2025-2.7%
Aug 2025+1.8%
Sep 2025-0.64%
Oct 2025-2.1%
Nov 2025+0.47%
Dec 2025+3.9%
Jan 2026+1.4%2026
Feb 2026+2.9%
Mar 2026-11%
Apr 2026+6.5%
May 2026+2.8%
Jun 2026-2.8%
Jul 2026+3.5%
Aug 2026+3.2%
Sep 2026-6.6%
Oct 2026+0.63%
iShares MSCI Germany ETF returns by calendar month#
Every month of every year since 1997, one tick per year on a shared scale; the dark bar is the month's average. Total returns, dividends reinvested.
October 2026 so far: +0.63% — 19th of 30 Octobers since 1997 at the last close; the average October returned +1.8%.
| Month | −25%0+25% | Average | Median | Up | Best | Worst |
|---|---|---|---|---|---|---|
| Jan | +0.2% | +1.5% | 53% | +13.4% 2023 | -19.4% 2009 | |
| Feb | -0.5% | +0.1% | 53% | +10.7% 2000 | -13.0% 2009 | |
| Mar | +0.6% | +1.0% | 53% | +11.0% 2009 | -18.1% 2020 | |
| Apr | +3.3% | +3.4% | 67% | +24.7% 2003 | -8.8% 2000 | |
| May | +0.7% | +1.8% | 60% | +11.9% 2009 | -13.5% 2012 | |
| Jun | -0.5% | -0.7% | 40% | +8.4% 1999 | -13.3% 2022 | |
| Jul | +1.1% | +1.6% | 57% | +12.0% 2009 | -16.3% 2002 | |
| Aug | -2.7% | -1.0% | 43% | +6.5% 2020 | -20.6% 1998 | |
| Sep | -1.6% | -0.5% | 47% | +13.9% 2010 | -24.0% 2002 | |
| Oct | +1.8% | +2.6% | 62% | +16.0% 2011 | -22.7% 2008 | |
| Nov | +2.6% | +1.5% | 69% | +16.4% 2022 | -10.2% 2008 | |
| Dec | +2.7% | +3.9% | 66% | +19.6% 1999 | -11.2% 2002 |
Methodology#
Monthly returns are total returns (dividends reinvested), computed from EWG's split- and dividend-adjusted month-end closes. The table shows the most recent 120 months and the bar chart the most recent 60. See the year-by-year returns for the annual view. Past performance does not predict future returns; not investment advice.
FAQ#
- What is iShares MSCI Germany ETF's average monthly return?
- iShares MSCI Germany ETF (EWG) has averaged about 0.61% per month, positive in roughly 56% of months. The best month was Apr 2003 (+24.7%) and the worst was Sep 2002 (-24.0%).
More on iShares MSCI Germany ETF
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