The iShares MSCI Germany Index Fund is down around 39% year-to-date after peaking at $33.51 in January 2022. The exchange-traded fund’s steepest decline came shortly after Russia’s decision to mobilize its troops to Ukraine’s “special military operation,” which took place in February 2022.

As a result, the German economy was hit hard by the reduction and eventual closure of the Nord Stream pipeline, and macroeconomic headwinds sent a shock through German stocks.

Now that the ETF is down 39%, it could be a good time to initiate a position in the fund to mitigate systematic dangers in the US stock market.

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iShares MSCI Germany Index Fund EEC offers a dividend yield of 7.58%, or $1.58 per share annually through semi-annual payments, with a notable track record of a one-time increase in its dividends over the past year. The iShares MSCI Germany Index Fund seeks to track the investment results of an index composed of large and mid-sized German stocks.

Since its inception in 1996, the Fund has reported a NAV of 4.59% based on past performance.

The fund’s top 3 sectors include industrials, financials and consumer discretionary, with its top position in the database technology company JUICE JUICE.