iShares MSCI Belgium ETF (EWK) is a Europe-focused ETF. As of October 9, 2026, ETF Copilot scores EWK 5.6 out of 10 — highest on Growth (9.3), lowest on Return (2.2). It trades at 13.5 times earnings, against its own median of 14.6. Its ten largest holdings are 68% of the fund.
What stands out in EWK's data
Belgian equities, from the country's largest listed companies.
Priced well below the typical European fund — you pay less for each dollar of earnings.
Trails at 13.4x earnings versus a 16.0x category median, and trades cheaper than its own 14.6x historical average.
A single-country position in a small European market — narrow focus for targeted exposure.
How is EWK rated? ETF Copilot scores iShares MSCI Belgium ETF (EWK) 5.6 out of 10
As of October 9, 2026, ETF Copilot scores iShares MSCI Belgium ETF (EWK) 5.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.6 / 10
- Growth: 9.3 / 10
- Value: 6.6 / 10
- Risk: 4.3 / 10
- Quality: 5.2 / 10
- Return: 2.2 / 10
Is EWK expensive right now? It trades at 13.5 times earnings, against its own median of 14.6
As of October 9, 2026, EWK is cheaper than 77% of its own last 9 years.
Trailing 12 months, built from EWK's holdings. How we calculate this →
What's inside EWK?
What's inside EWK: Size (Large 50%, Mid 34%, Small 17%); Geography (International 100%, US 0%); Tech 1.5%; Semiconductors 1.0%.
What are EWK's top holdings? The ten largest are 68% of the fund
Anheuser-Busch InBev, Argenx, KBC Groep, Ageas, UCB, Aedifica, Ackermans & van Haaren, Syensqo, Lotus Bakeries and Groupe Bruxelles Lambert are EWK's largest holdings, in that order.
More concentrated than 89% of Europe ETFs.
Half of EWK's weight sits in its 5 largest positions, and once those weights are taken into account it behaves like 11 equally weighted holdings.
What is EWK's expense ratio? 0.49% a year
As of October 9, 2026, EWK charges 0.49% a year, yields 1.95% and holds $236M in assets across 41 positions.
| Measure | EWK |
|---|---|
| Expense ratio | 0.49% |
| Dividend yield | 1.95% |
| Assets under management | $236M |
| Holdings | 41 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “iShares MSCI Belgium ETF (EWK) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/ewk
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