
The iShares MSCI Austria ETF (EWO) is designed to mirror the financial performance of a comprehensive market index, which is made up of shares from Austrian companies.
Is EWO's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

When it comes to broad international equities exposure, the sum of the parts is traditionally greater than the whole. Today, however, single-country exposure is also proving that individual parts can deliver a whole lot of performance.

iShares MSCI Austria ETF, which completed 3 decades as a listed product in 2026, also hit lifetime highs this year, outperforming European and global peers with a 36% gain since last coverage. EWO's bank-heavy portfolio benefits from rising net interest margins, supported by ECB rate hikes, while the valuation-earnings tradeoff looks attractive vs. other pockets. Risks include weak Austrian consumer and business confidence, energy import vulnerabilities, and limited fiscal flexibility due to a rising deficit.

Arnold Schwarzenegger's birthplace has quietly become one of Europe's best performing equity markets, and the iShares MSCI Austria ETF (NYSEARCA:EWO) is how most U.S.

The iShares MSCI Austria ETF (NYSEARCA:EWO) is the cleanest single-country vehicle US investors have for Vienna-listed equities, and after a 41% one-year run the conversation has shifted from price to payout.

The iShares MSCI Austria ETF (EWO) offers concentrated exposure to Austrian equities, with nearly 50% in financials and significant allocations to energy and industrials. EWO has outperformed median ETFs across timeframes. Energy and industrial holdings benefit from infrastructure expansion and manufacturing revival, while ECB policy and sectoral catalysts support near-term upside.