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iShares MSCI United Kingdom (EWU)Overvalued or undervalued?
Look-through valuation · Country · Expense ratio 0.50 % · ISIN US46435G3341
Price history (since 1996)
Monthly close since 1996. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| HSBC Holdings PLC HSBA | 11.0 % | −23.2 % | 58 |
| Shell plc SHEL | 8.6 % | −4.6 % | 62 |
| AstraZeneca PLC AZN | 8.1 % | n/a | n/a |
| Rolls-Royce Holdings PLC RR | 5.2 % | −38.9 % | 75 |
| Unilever PLC ULVR | 4.3 % | −26.2 % | 72 |
| BP PLC BP | 3.6 % | −46.1 % | 57 |
| British American Tobacco PLC BATS | 3.5 % | n/a | n/a |
| Rio Tinto PLC RIO | 3.3 % | n/a | n/a |
| GSK plc GSK | 3.3 % | +38.4 % | 73 |
| Lloyds Banking Group PLC LLOY | 2.7 % | −29.9 % | 48 |
| Barclays PLC BARC | 2.7 % | +16.7 % | 72 |
| BAE Systems plc BA | 2.5 % | −36.3 % | 65 |
| National Grid PLC NG | 2.4 % | −36.3 % | 35 |
| NatWest Group PLC NWG | 2.3 % | n/a | n/a |
| Glencore PLC GLEN | 2.2 % | −41.3 % | 53 |
| Anglo American PLC AAL | 1.8 % | +52.4 % | 47 |
| Relx PLC REL | 1.8 % | −6.4 % | 79 |
| Standard Chartered PLC STAN | 1.7 % | −19.8 % | 64 |
| Compass Group PLC CPG | 1.6 % | n/a | n/a |
| Diageo PLC DGE | 1.5 % | −36.7 % | 55 |
| London Stock Exchange Group PLC LSEG | 1.5 % | +25.2 % | 61 |
| Reckitt Benckiser Group PLC RKT | 1.3 % | +37.4 % | 75 |
| Tesco PLC TSCO | 1.3 % | +26.2 % | 66 |
| Haleon PLC HLN | 1.3 % | n/a | n/a |
| SSE PLC SSE | 1.3 % | −55.1 % | 40 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 66 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about EWU
Is EWU overvalued?
What is the fair value of EWU?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of EWU?
What is the expense ratio of EWU?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives iShares MSCI United Kingdom ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.