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EWW allocates almost a quarter of its weight to consumer staples stocks while financial services and telecommunications names combine for nearly a third of the ETF’s roster. Materials and industrial stocks combine for 26% of EWW’s weight.

Year-to-date, investors have pulled nearly $841 million from EWW.

Shares of EWW “have seemingly found a short-term foothold atop their 80-day moving average, and like their fellow foreign ETF, have historically had success in the last three months of the year. By the numbers, EWW has averaged respective gains of 1.4%, 1.8%, and 2.1% for the months of October, November, and December,” according to Schaeffer’s.

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