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EWIvsEWLETF Comparison

ETF 1

EWI

iShares MSCI Italy ETF

This fund is part of

Europe Blended Cap

-0.56%

Full EWI fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-0.56%

Full EWL fund page

iShares MSCI Italy ETF (EWI) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. EWI's top 3 sector exposures are Finance, Utilities and Consumer Cyclicals. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. Both EWI and EWL have the same Total Expense Ratio (TER) of 0.5%. EWI is up 3.42% year-to-date (YTD) with +$512M in YTD flows. EWL performs better with 6.77% YTD performance, and +$1.27B in YTD flows. Run a side-by-side ETF comparison of EWI 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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EWI 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWI EWL	-8.06%+4.02%	-7.60%+1.67%	+3.42%+6.77%	+10.98%+11.85%	+104.53%+57.54%	+97.49%+41.32%
Flows	EWI EWL	+$187M+$459M	+$308M+$743M	+$512M+$1.27B	+$541M+$1.37B	+$683M+$1.25B	+$425M+$1.01B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWI EWL	+16.89%+14.40%	+19.11%+15.70%	+18.35%+14.83%	+21.36%+16.02%
Max drawdown	EWI EWL	-13.07%-9.06%	-13.07%-13.49%	-16.34%-13.56%	-35.36%-28.82%
Max drawdown duration	EWI EWL	75d59d	75d156d	36d185d	599d925d

Trading data

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	EWI	EWL
Last sale 10/26/2026 at 1:30 PM	$55.41	$62.92
Previous close 10/23/2026	$54.98	$63.05
Consolidated volume 10/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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

Main metrics

Last update 10/26/2026 at 1:30 PM

Live

Closed

	EWI	EWL
Last price	$55.41	$62.92
1D performance	+0.78%	-0.21%
AuM	$1.18 B	$2.92 B
E/R	0.5%	0.5%

Characteristics

	EWI	EWL
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Italy 25/50 Index	MSCI Switzerland 25/50 Index
N° of holdings	26	38
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 1996	March 12, 1996
ESG	No	No

More EWI data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

EWI

Italy

96.38%

Other

3.62%

EWL

Switzerland

98.94%

Other

1.06%

Sectors

EWI

Finance

55.32%

Utilities

14.66%

Consumer Cyclical.

8.3%

Energy

8.17%

Industrials

7.98%

Other

5.56%

EWL

Healthcare

37.06%

Finance

21.29%

Consumer Non-Cycl.

13.69%

Non-Energy Materi.

8.83%

Industrials

7.73%

Other

11.4%

Diversification

EWI

Total weight of top 15 holdings out of 15

85.03%

EWL

Total weight of top 15 holdings out of 15

75.99%

Top 15 holdings

Data as of August 31, 2026

EWI

UniCredit SpA

17.56%

Intesa Sanpaolo SpA

14.73%

Enel SpA

10.95%

Assicurazioni Generali SpA

4.67%

Ferrari NV

4.52%

Eni SpA

4.37%

Prysmian SpA

4.37%

Banca Monte dei Paschi di Siena SpA

3.82%

Leonardo SpA

3.61%

BPER Banca SpA

3.53%

Banco BPM SpA

2.85%

FinecoBank SpA

2.66%

TERNA Rete Elettrica Nazionale SpA

2.52%

Telecom Italia SpA

2.49%

Poste Italiane SpA

2.38%

EWL

Roche Holding AG

13.64%

Novartis AG

12.35%

Nestlé SA

11.06%

UBS Group AG

6.84%

Compagnie Financière Richemont SA

4.65%

Zurich Insurance Group AG

4.53%

ABB Ltd.

4.41%

Swiss Re AG

2.82%

Lonza Group AG

2.75%

Holcim Ltd.

2.45%

Galderma Group AG

2.18%

Givaudan SA

2.14%

Sika AG

2.13%

Alcon AG

2.06%

Sandoz Group AG

1.99%

Frequently asked questions about EWI and EWL

How have the EWI and EWL ETFs performed in 2026?

As of October 23, 2026, EWI is up 3.42% year-to-date (YTD), while EWL has returned 6.77%. That puts EWL better performer ahead so far this year.

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

Year-to-date, the EWI ETF saw +$512M in flows, compared to +$1.27B for EWL.

Which ETF is more volatile: EWI or EWL?

Over the past year, EWI had a volatility of 19.11%, while EWL experienced 15.7%.

Which ETF is bigger: EWI or EWL?

As of October 23, 2026, EWI holds $1.18 B in assets under management (AUM), while EWL manages $2.92 B.

What sectors do the EWI and EWL ETFs invest in?

EWI leans toward sectors like Finance, Utilities and Consumer Cyclicals. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

EWI top holdings include UniCredit SpA, Intesa Sanpaolo SpA and Enel SpA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWI or EWL?

EWI holds 26 securities with 85.03% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.99%.

There’s an ETF for That? Switzerland

May 1, 2025

EWL

EWIvsEWLETF Comparison

iShares MSCI Italy ETF

iShares MSCI Switzerland ETF

EWI 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 EWI and EWL ETFs performed in 2026?

As of October 23, 2026, EWI is up 3.42% year-to-date (YTD), while EWL has returned 6.77%. That puts EWL better performer ahead so far this year.

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

Year-to-date, the EWI ETF saw +$512M in flows, compared to +$1.27B for EWL.

Which ETF is more volatile: EWI or EWL?

Over the past year, EWI had a volatility of 19.11%, while EWL experienced 15.7%.

Which ETF is bigger: EWI or EWL?

As of October 23, 2026, EWI holds $1.18 B in assets under management (AUM), while EWL manages $2.92 B.

What sectors do the EWI and EWL ETFs invest in?

EWI leans toward sectors like Finance, Utilities and Consumer Cyclicals. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

EWI top holdings include UniCredit SpA, Intesa Sanpaolo SpA and Enel SpA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWI or EWL?

EWI holds 26 securities with 85.03% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.99%.

There’s an ETF for That? Switzerland

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