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EWDvsEWLETF Comparison

ETF 1

EWD

iShares MSCI Sweden ETF

This fund is part of

Europe Blended Cap

-0.41%

Full EWD fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-0.41%

Full EWL fund page

iShares MSCI Sweden ETF (EWD) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. EWD's top 3 sector exposures are Industrials, Finance and Technology. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. EWD is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.5% for EWL. EWD is up 4.04% year-to-date (YTD) with +$211M in YTD flows. EWL performs better with 7.17% YTD performance, and +$515M in YTD flows. Run a side-by-side ETF comparison of EWD and EWL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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EWD vs EWL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWD EWL	+0.40%+2.70%	-5.76%+2.69%	+4.04%+7.17%	+15.00%+18.13%	+51.44%+42.18%	+27.92%+43.32%
Flows	EWD EWL	+$241M+$173M	+$214M+$528M	+$211M+$515M	+$132M+$611M	+$96M+$484M	-$54M+$278M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWD EWL	+22.45%+15.83%	+20.18%+15.58%	+20.13%+14.69%	+23.62%+15.88%
Max drawdown	EWD EWL	-8.99%-4.20%	-14.73%-13.49%	-17.45%-13.56%	-42.41%-28.82%
Max drawdown duration	EWD EWL	88d31d	138d138d	64d185d	1296d925d

Trading data

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	EWD	EWL
Last sale 7/17/2026 at 1:30 PM	$50.08	$63.18
Previous close 07/16/2026	$50.18	$62.99
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	EWD	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	EWD	EWL
Last price	$50.08	$63.18
1D performance	-0.20%	+0.30%
AuM	$517.80 M	$2.15 B
E/R	0.51%	0.5%

Characteristics

	EWD	EWL
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Sweden 25/50 Index	MSCI Switzerland 25/50 Index
N° of holdings	41	38
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 1996	March 12, 1996
ESG	No	No

More EWD data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

EWD

Sweden

96.22%

Other

3.78%

EWL

Switzerland

98.2%

Other

1.8%

Sectors

EWD

Industrials

35.49%

Finance

25.57%

Technology

16.28%

Non-Energy Materi.

9.37%

Other

13.3%

EWL

Healthcare

36.33%

Finance

18.22%

Consumer Non-Cycl.

14.48%

Industrials

9.59%

Non-Energy Materi.

8.49%

Other

12.89%

Diversification

EWD

Total weight of top 15 holdings out of 15

68.9%

EWL

Total weight of top 15 holdings out of 15

74.58%

Top 15 holdings

Data as of May 31, 2026

EWD

Spotify Technology SA

9.42%

Investor AB

9.21%

Volvo AB

6.94%

Atlas Copco AB

6.27%

Sandvik Aktiebolag

5.39%

Telefonaktiebolaget LM Ericsson

4.47%

ASSA ABLOY AB

4.10%

Swedbank AB

3.89%

Skandinaviska Enskilda Banken AB

3.76%

Atlas Copco AB

3.29%

Svenska Handelsbanken AB

2.68%

Saab AB

2.45%

Epiroc AB

2.44%

Hexagon AB

2.38%

Boliden AB

2.20%

EWL

Roche Holding AG

13.27%

Novartis AG

12.31%

Nestlé SA

11.62%

ABB Ltd.

6.32%

Compagnie Financière Richemont SA

4.76%

UBS Group AG

4.47%

Zurich Insurance Group AG

4.24%

Holcim Ltd.

2.77%

Lonza Group AG

2.48%

Swiss Re AG

2.42%

Galderma Group AG

2.25%

Sandoz Group AG

2.00%

Givaudan SA

1.97%

Alcon AG

1.91%

Sika AG

1.78%

Frequently asked questions about EWD and EWL

How have the EWD and EWL ETFs performed in 2026?

As of July 17, 2026, EWD is up 4.04% year-to-date (YTD), while EWL has returned 7.17%. That puts EWL better performer ahead so far this year.

Which ETF is attracting more investor money: EWD or EWL?

Year-to-date, the EWD ETF saw +$211M in flows, compared to +$515M for EWL.

Which ETF is more volatile: EWD or EWL?

Over the past year, EWD had a volatility of 20.18%, while EWL experienced 15.58%.

Which ETF is bigger: EWD or EWL?

As of July 17, 2026, EWD holds $517.80 M in assets under management (AUM), while EWL manages $2.15 B.

What sectors do the EWD and EWL ETFs invest in?

EWD leans toward sectors like Industrials, Finance and Technology. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the EWD ETF and EWL ETF?

EWD top holdings include Spotify Technology SA, Investor AB and Volvo AB. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWD or EWL?

EWD holds 44 securities with 68.9% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 74.58%.

There’s an ETF for That? Switzerland

May 1, 2025

EWL

EWDvsEWLETF Comparison

iShares MSCI Sweden ETF

iShares MSCI Switzerland ETF

EWD vs EWL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EWD and EWL ETFs performed in 2026?

As of July 17, 2026, EWD is up 4.04% year-to-date (YTD), while EWL has returned 7.17%. That puts EWL better performer ahead so far this year.

Which ETF is attracting more investor money: EWD or EWL?

Year-to-date, the EWD ETF saw +$211M in flows, compared to +$515M for EWL.

Which ETF is more volatile: EWD or EWL?

Over the past year, EWD had a volatility of 20.18%, while EWL experienced 15.58%.

Which ETF is bigger: EWD or EWL?

As of July 17, 2026, EWD holds $517.80 M in assets under management (AUM), while EWL manages $2.15 B.

What sectors do the EWD and EWL ETFs invest in?

EWD leans toward sectors like Industrials, Finance and Technology. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the EWD ETF and EWL ETF?

EWD top holdings include Spotify Technology SA, Investor AB and Volvo AB. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWD or EWL?

EWD holds 44 securities with 68.9% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 74.58%.

There’s an ETF for That? Switzerland

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