EWIvsHEDJETF Comparison
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iShares MSCI Italy ETF (EWI) and WisdomTree Europe Hedged Equity Fund (HEDJ) belong to the same industry segment: Europe Blended Cap. EWI's top 3 sector exposures are Financials, Utilities and Industrials. In contrast, HEDJ's top sector exposures are Industrials, Financials and Consumer Staples. EWI is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.58% for HEDJ. EWI is up 11.63% year-to-date (YTD) with -$104M in YTD flows. HEDJ performs worse with 8.35% YTD performance, and -$67M in YTD flows. Run a side-by-side ETF comparison of EWI and HEDJ 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 HEDJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWI HEDJ | +2.95%+5.49% | +15.12%+8.99% | +11.63%+8.35% | +29.43%+18.75% | +115.69%+52.76% | +112.06%+70.04% |
| Flows | EWI HEDJ | +$95K-$8M | -$28M-$42M | -$104M-$67M | -$23M-$178M | +$26M-$94M | -$180M-$722M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWI HEDJ | +24.33%+18.74% | +18.73%+14.57% | +18.28%+14.50% | +21.35%+16.08% |
| Max drawdown | EWI HEDJ | -5.19%-4.60% | -12.57%-10.75% | -16.34%-15.72% | -35.36%-22.44% |
| Max drawdown duration | EWI HEDJ | 14d32d | 46d90d | 36d74d | 599d406d |
Trading data
EWI | HEDJ | |
Last sale 6/12/2026 at 1:30 PM | $60.67 | $57.54 |
| Previous close 06/11/2026 | $60.53 | $57.65 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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EWI | HEDJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
EWI | HEDJ | |
|---|---|---|
| Last price | $60.67 | $57.54 |
| 1D performance | +0.23% | -0.19% |
| AuM | $672.21 M | $1.86 B |
| E/R | 0.5% | 0.58% |
Characteristics
EWI | HEDJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | WisdomTree |
| Benchmark | MSCI Italy 25/50 Index | WisdomTree Europe Equity Index |
| N° of holdings | 25 | 126 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 12, 1996 | December 31, 2009 |
| ESG | No | No |
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Exposure
Countries
EWI
Italy
90.12%
Netherlands
7.4%
Other
2.48%
HEDJ
Germany
23.45%
France
20.62%
Netherlands
18.33%
Spain
17.53%
Other
20.07%
Sectors
EWI
Financials
46.16%
Utilities
19.12%
Industrials
9.49%
Consumer Discreti.
8.75%
Other
16.48%
HEDJ
Industrials
21.27%
Financials
14.12%
Consumer Staples
12.59%
Consumer Discreti.
12.48%
Information Techn.
10.61%
Health Care
7.44%
Other
21.5%
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Diversification
EWI
Total weight of top 15 holdings out of 15
84.24%
HEDJ
Total weight of top 15 holdings out of 15
50.19%
Top 15 holdings
Data as of April 30, 2026
EWI
UNICREDIT SPA
14.82%
ENEL GLOBAL TRADING
12.93%
INTESA SANPAOLO
12.91%
ENI
5.73%
PRYSMIAN
5.61%
GENERALI
4.62%
FERRARI N V/D
3.99%
LEONARDO SPA
3.88%
BPER BANCA
3.65%
IT0005508921
3.06%
TERNA RETE ELETTRICA NAZIONALE
2.76%
BANCO BPM
2.71%
SNAM RETE GAS
2.63%
FINECOBANK
2.53%
STELLANTIS NV
2.40%
HEDJ
BANCO SANTANDER SA
5.71%
ASML HOLDING
5.67%
BBVA
5.56%
SIEMENS
4.01%
SANOFI SA
3.99%
DEUTSCHE TELEKOM AG
3.97%
LVMH MOET HENNESSY LOUIS VUITT
3.93%
L OREAL S.A.
3.18%
ANHEUSER-BUSCH INBEV SA/NV
2.47%
BASF SE
2.41%
BMW AG
2.23%
SCHNEIDER ELECTRIC SE
1.86%
DAIMLER TRUCK AG
1.76%
LU2598331598
1.76%
ACS CONS Y SERV
1.69%
Frequently asked questions about EWI and HEDJ
How have the EWI and HEDJ ETFs performed in 2026?
As of June 12, 2026, EWI is up 11.63% year-to-date (YTD), while HEDJ has returned 8.35%. That puts EWI better performer ahead so far this year.
Which ETF is attracting more investor money: EWI or HEDJ?
Year-to-date, the EWI ETF saw -$104M in flows, compared to -$67M for HEDJ.
Which ETF is more volatile: EWI or HEDJ?
Over the past year, EWI had a volatility of 18.73%, while HEDJ experienced 14.57%.
Which ETF is bigger: EWI or HEDJ?
As of June 12, 2026, EWI holds $672.21 M in assets under management (AUM), while HEDJ manages $1.86 B.
What sectors do the EWI and HEDJ ETFs invest in?
EWI leans toward sectors like Financials, Utilities and Industrials. Meanwhile, HEDJ focuses on Industrials, Financials and Consumer Staples.
What are the top holdings of the EWI ETF and HEDJ ETF?
EWI top holdings include UNICREDIT SPA, ENEL GLOBAL TRADING and INTESA SANPAOLO. HEDJ holds in its top three: BANCO SANTANDER SA, ASML HOLDING and BBVA.
Which ETF is more diversified: EWI or HEDJ?
EWI holds 27 securities with 84.24% of its assets in the top 15. HEDJ has 139 securities and a top 15 weight of 50.19%.
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Latest news about EWI & HEDJ
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April 9, 2025
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July 26, 2022
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