EWIvsFEZETF Comparison
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iShares MSCI Italy ETF (EWI) and State Street SPDR EURO STOXX 50 ETF (FEZ) belong to the same industry segment: Europe Blended Cap. EWI's top 3 sector exposures are Finance, Utilities and Consumer Cyclicals. In contrast, FEZ's top sector exposures are Finance, Industrials and Technology. EWI is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.29% for FEZ. EWI is up 3.42% year-to-date (YTD) with +$512M in YTD flows. FEZ performs worse with 2.05% YTD performance, and -$926M in YTD flows. Run a side-by-side ETF comparison of EWI and FEZ 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 FEZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWI FEZ | -8.06%-5.21% | -7.60%-3.57% | +3.42%+2.05% | +10.98%+5.70% | +104.53%+70.53% | +97.49%+59.49% |
| Flows | EWI FEZ | +$187M-$10M | +$308M-$10M | +$512M-$926M | +$541M-$778M | +$683M+$478M | +$425M+$367M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWI FEZ | +16.89%+14.25% | +19.11%+18.59% | +18.35%+17.77% | +21.36%+20.87% |
| Max drawdown | EWI FEZ | -13.07%-10.12% | -13.07%-12.89% | -16.34%-15.03% | -35.36%-34.74% |
| Max drawdown duration | EWI FEZ | 75d68d | 75d107d | 36d44d | 599d584d |
Trading data
EWI | FEZ | |
Last sale 10/26/2026 at 1:30 PM | $55.41 | $64.76 |
| Previous close 10/23/2026 | $54.98 | $64.56 |
| 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 | FEZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
EWI | FEZ | |
|---|---|---|
| Last price | $55.41 | $64.76 |
| 1D performance | +0.78% | +0.31% |
| AuM | $1.18 B | $4.08 B |
| E/R | 0.5% | 0.29% |
Characteristics
EWI | FEZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | MSCI Italy 25/50 Index | Euro Stoxx 50 Index |
| N° of holdings | 26 | 47 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 12, 1996 | October 15, 2002 |
| ESG | No | No |
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Exposure
Countries
EWI
Italy
96.38%
Other
3.62%
FEZ
Germany
30.01%
France
28.98%
Netherlands
17.22%
Italy
8.81%
Other
14.97%
Sectors
EWI
Finance
55.32%
Utilities
14.66%
Consumer Cyclical.
8.3%
Energy
8.17%
Industrials
7.98%
Other
5.56%
FEZ
Finance
21.26%
Industrials
20.22%
Technology
14.96%
Consumer Cyclical.
8.01%
Other
35.56%
Diversification
EWI
Total weight of top 15 holdings out of 15
85.03%
FEZ
Total weight of top 15 holdings out of 15
52.27%
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%
FEZ
ASML Holding NV
8.64%
Siemens AG
4.67%
SAP SE
4.31%
TotalEnergies SE
3.83%
Allianz SE
3.82%
Schneider Electric SE
3.79%
UniCredit SpA
2.83%
Iberdrola SA
2.81%
Safran SA
2.78%
Airbus SE
2.59%
Siemens Energy AG
2.58%
LVMH Moët Hennessy Louis Vuitton SE
2.50%
Air Liquide SA
2.41%
BNP Paribas SA
2.38%
Intesa Sanpaolo SpA
2.33%
Frequently asked questions about EWI and FEZ
How have the EWI and FEZ ETFs performed in 2026?
As of October 23, 2026, EWI is up 3.42% year-to-date (YTD), while FEZ has returned 2.05%. That puts EWI better performer ahead so far this year.
Which ETF is attracting more investor money: EWI or FEZ?
Year-to-date, the EWI ETF saw +$512M in flows, compared to -$926M for FEZ.
Which ETF is more volatile: EWI or FEZ?
Over the past year, EWI had a volatility of 19.11%, while FEZ experienced 18.59%.
Which ETF is bigger: EWI or FEZ?
As of October 23, 2026, EWI holds $1.18 B in assets under management (AUM), while FEZ manages $4.08 B.
What sectors do the EWI and FEZ ETFs invest in?
EWI leans toward sectors like Finance, Utilities and Consumer Cyclicals. Meanwhile, FEZ focuses on Finance, Industrials and Technology.
What are the top holdings of the EWI ETF and FEZ ETF?
EWI top holdings include UniCredit SpA, Intesa Sanpaolo SpA and Enel SpA. FEZ holds in its top three: ASML Holding NV, Siemens AG and SAP SE.
Which ETF is more diversified: EWI or FEZ?
EWI holds 26 securities with 85.03% of its assets in the top 15. FEZ has 47 securities and a top 15 weight of 52.27%.
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