ETF Evaluator:
iShares MSCI Taiwan ETF (EWT)
Follow This ETF
(as of Jul 31)
Best Performing in Greater China Region Over the Last Year
| 131.8% | KraneShares SSE STAR Market 50 ETF (KSTR) |
| 116.9% | VanEck ChiNext Innovators ETF (CNXT) |
| 103.9% | Franklin FTSE Taiwan ETF (FLTW) |
| 98.9% | iShares MSCI Taiwan ETF (EWT) |
| 85.9% | Matthews China Innovators Active ETF (MCHS) |
Risk
Index
Risk
Index
ETF Details
iShares MSCI Taiwan ETF Overview
iShares MSCI Taiwan ETF (EWT) is a passively managed International Equity Greater China Region exchange-traded fund (ETF). iShares launched the ETF in 2000.
The investment seeks to track the investment results of the MSCI Taiwan 25/50 Index.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large- and mid-capitalization segments of the equity market in Taiwan. The fund is non-diversified.
About iShares MSCI Taiwan ETF (EWT)
There are 4 members of the management team with an average tenure of 4.31 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI Taiwan 25/50 NR USD index with a weighting of 100%. iShares MSCI Taiwan ETF has 89 securities in its portfolio. The top 10 holdings constitute 50.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares MSCI Taiwan ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares MSCI Taiwan ETF has 97.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.5% There is 97.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares MSCI Taiwan ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $11 billion in total assets, which is above the $1 billion average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EWT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares MSCI Taiwan ETF expense ratio is average compared to funds in the Greater China Region category. iShares MSCI Taiwan ETF has an expense ratio of 0.59%, which is 11% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares MSCI Taiwan ETF has a portfolio turnover rate of 36%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Greater China Region category.
Recently, in the month of June 2026, iShares MSCI Taiwan ETF returned 6.2%, which earned it a grade of A, as the Greater China Region category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares MSCI Taiwan ETF has a trailing yield of 0.92%, which is below the 3.30% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares MSCI Taiwan ETF Grades
Year to date, the ETF has returned 70.9%, 64.7 percentage points better than the category, which translates into a grade of A. The fund has returned 98.9% over the past year (grade of A), 41.0% over the past three years (grade of A) and 20.1% per year over the past five years (grade of A) and 20.6% per year over the past 10 years (grade of A).
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EWT Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EWT Return (NAV) | 6.2% | 54.0% | 98.9% | 41.0% | 20.1% | 20.6% |
| EWT Return (Price) | 5.7% | 53.1% | 97.9% | 41.2% | 20.2% | 20.5% |
| NAV +/- Price Return | 0.478% | 0.892% | 0.971% | -0.193% | -0.057% | 0.083% |
| Greater China Region Avg | -1.6% | 9.3% | 25.1% | 12.4% | -3.2% | 5.6% |
| EWT Grade (NAV) | A | A | A | A | A | A |
| +/- Category (NAV) | 7.7% | 44.8% | 73.8% | 28.5% | 23.3% | 15.0% |
| EWT Tax-Cost Ratio | na | na | 1.3% | 2.0% | 2.3% | 1.7% |
EWT Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EWT Return (NAV) | 70.9% | 27.8% | 16.8% | 29.1% | -28.8% | 28.4% | 32.4% | 32.5% | -9.6% | 25.5% | 17.3% |
| EWT Return (Price) | 71.0% | 28.4% | 16.1% | 29.2% | -28.8% | 28.9% | 31.5% | 33.3% | -9.9% | 26.8% | 17.7% |
| NAV +/- Price Ret | 0.001% | 0.021% | -0.040% | 0.002% | 0.003% | 0.020% | -0.028% | 2.7% | 3.4% | 5.2% | 2.2% |
| Greater China Region Avg | 6.2% | 30.4% | 11.2% | -10.5% | -25.1% | -7.2% | 42.8% | 26.9% | -22.9% | 45.1% | -6.2% |
| EWT Grade (NAV) | A | D | B | A | D | A | C | B | A | F | A |
| +/- Category | 64.7% | -2.6% | 5.6% | 39.6% | -3.7% | 35.6% | -10.4% | 5.5% | 13.3% | -19.6% | 23.6% |
| Risk Measures | |
| Beta: | 1.24 |
| R-Squared: | 55% |
| Standard Deviation: | 23.2% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.91 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 11,151 Mil |
| Share Class Assets: | $ 11,151 Mil |
| Turnover: | 36.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.5 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 89 |
| % in Top 10 Holdings: | 50.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 97.1% |
Portfolio Allocation |
|
| Domestic Stock: | 2.5% |
| Foreign Stock: | 97.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | ca.ishares.com/home.htm |
| Inception Date: | June 20, 2000 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.67% |
