Is EWO a good investment?

iShares MSCI Austria ETF (EWO) is a Europe-focused ETF. As of September 11, 2026, ETF Copilot scores EWO 5.0 out of 10 — highest on Return (9.0), lowest on Quality (0.6). It trades at 15.8 times earnings, against its own median of 10.7. Its ten largest holdings are 76% of the fund.

Updated September 11, 2026

How is EWO rated? ETF Copilot scores iShares MSCI Austria ETF (EWO) 5.0 out of 10

As of September 11, 2026, ETF Copilot scores iShares MSCI Austria ETF (EWO) 5.0 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.0 / 10
Growth: 8.4 / 10
Valuation: 1.8 / 10
Risk: 1.6 / 10
Quality: 0.6 / 10
Return: 9.0 / 10

What is EWO's expense ratio? 0.49% a year

As of September 11, 2026, EWO charges 0.49% a year, yields 3.68% and holds $208M in assets across 24 positions.

iShares MSCI Austria ETF (EWO) — cost, income and size
Measure	EWO
Expense ratio	0.49%
Dividend yield	3.68%
Assets under management	$208M
Holdings	24

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.

What stands out in EWO's data

Austrian equities, weighted toward established dividend payers.

Trades at a discount to the European market — you pay less for each dollar of earnings.

Trailing P/E multiple of 15.8x sits below the European median of 16.4x. The fund holds 24 stocks, a concentrated bet on a small market.

A satellite position on a small developed market, anchored by dividend-paying stocks.

Is EWO expensive right now? It trades at 15.8 times earnings, against its own median of 10.7

As of September 11, 2026, EWO is more expensive than 95% of its own 114 monthly readings since 2017 — 108 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside EWO?

What's inside EWO: Size (Large 30%, Mid 54%, Small 16%); Geography (International 83%, US 17%); Tech 5.8%.

What are EWO's top holdings? The ten largest are 76% of the fund

Erste Bank, Bawag, OMV, Austria Technologie & System, Raiffeisen Bank International, Verbund, Andritz, Voestalpine, Vienna Insurance and Uniqa Insurance are EWO's largest holdings, in that order.

More concentrated than 98% of Europe ETFs.

Half of EWO's weight sits in its 5 largest positions, and once those weights are taken into account it behaves like 10 equally weighted holdings.

Cite this

ETF Copilot, “iShares MSCI Austria ETF (EWO) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/ewo