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 Finance, Utilities and Consumer Cyclicals. In contrast, HEDJ's top sector exposures are Industrials, Finance and Consumer Cyclicals. EWI is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.58% for HEDJ. EWI is up 4.19% year-to-date (YTD) with +$512M in YTD flows. HEDJ performs better with 6.26% YTD performance, and -$130M 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 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWI HEDJ | -7.25%-1.17% | -8.57%-1.65% | +4.19%+6.26% | +10.25%+7.77% | +109.16%+55.39% | +98.87%+62.63% |
| Flows | EWI HEDJ | +$142M-$6M | +$268M-$54M | +$512M-$130M | +$561M-$143M | +$683M-$160M | +$425M-$840M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWI HEDJ | +16.86%+10.24% | +19.12%+14.27% | +18.35%+14.32% | +21.36%+16.00% |
| Max drawdown | EWI HEDJ | -13.07%-5.46% | -13.07%-10.75% | -16.34%-15.72% | -35.36%-22.44% |
| Max drawdown duration | EWI HEDJ | 78d78d | 78d90d | 36d74d | 599d406d |
Trading data
EWI | HEDJ | |
Last sale 10/27/2026 at 1:30 PM | $55.86 | $55.73 |
| Previous close 10/26/2026 | $55.41 | $55.17 |
| Consolidated volume 10/26/2026 | ||
| 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 | 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 10/27/2026 at 1:30 PM
Live
Closed
EWI | HEDJ | |
|---|---|---|
| Last price | $55.86 | $55.73 |
| 1D performance | +0.81% | +1.02% |
| AuM | $1.18 B | $1.74 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 | 26 | 128 |
| 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
96.38%
Other
3.62%
HEDJ
Germany
23.84%
France
20.6%
Spain
19.23%
Netherlands
18.24%
Other
18.09%
Sectors
EWI
Finance
55.32%
Utilities
14.66%
Consumer Cyclical.
8.3%
Energy
8.17%
Industrials
7.98%
Other
5.56%
HEDJ
Industrials
23.48%
Finance
17.03%
Consumer Cyclical.
12.01%
Consumer Non-Cycl.
11.94%
Technology
11.45%
Non-Energy Materi.
7.99%
Other
16.1%
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Diversification
EWI
Total weight of top 15 holdings out of 15
85.03%
HEDJ
Total weight of top 15 holdings out of 15
51.66%
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%
HEDJ
Banco Bilbao Vizcaya Argentaria SA
7.43%
ASML Holding NV
6.58%
Banco Santander SA
4.67%
Siemens AG
4.44%
Deutsche Telekom AG
4.00%
LVMH Moët Hennessy Louis Vuitton SE
3.83%
Sanofi
3.65%
L'Oréal SA
3.24%
Anheuser-Busch InBev NV
2.61%
BASF SE
2.22%
SAP SE
2.02%
Schneider Electric SE
1.98%
Daimler Truck Holding AG
1.83%
Bayerische Motoren Werke AG
1.68%
ACS, Actividades de Construcción y Servicios SA
1.48%
Frequently asked questions about EWI and HEDJ
How have the EWI and HEDJ ETFs performed in 2026?
As of October 26, 2026, EWI is up 4.19% year-to-date (YTD), while HEDJ has returned 6.26%. That puts HEDJ better performer ahead so far this year.
Which ETF is attracting more investor money: EWI or HEDJ?
Year-to-date, the EWI ETF saw +$512M in flows, compared to -$130M for HEDJ.
Which ETF is more volatile: EWI or HEDJ?
Over the past year, EWI had a volatility of 19.12%, while HEDJ experienced 14.27%.
Which ETF is bigger: EWI or HEDJ?
As of October 26, 2026, EWI holds $1.18 B in assets under management (AUM), while HEDJ manages $1.74 B.
What sectors do the EWI and HEDJ ETFs invest in?
EWI leans toward sectors like Finance, Utilities and Consumer Cyclicals. Meanwhile, HEDJ focuses on Industrials, Finance and Consumer Cyclicals.
What are the top holdings of the EWI ETF and HEDJ ETF?
EWI top holdings include UniCredit SpA, Intesa Sanpaolo SpA and Enel SpA. HEDJ holds in its top three: Banco Bilbao Vizcaya Argentaria SA, ASML Holding NV and Banco Santander SA.
Which ETF is more diversified: EWI or HEDJ?
EWI holds 26 securities with 85.03% of its assets in the top 15. HEDJ has 128 securities and a top 15 weight of 51.66%.
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Latest news about EWI & HEDJ
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