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EWKvsEWLETF Comparison

ETF 1

EWK

iShares MSCI Belgium ETF

This fund is part of

Europe Blended Cap

-0.69%

Full EWK fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-0.69%

Full EWL fund page

iShares MSCI Belgium ETF (EWK) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. EWK's top 3 sector exposures are Finance, Consumer Non-Cyclicals and Healthcare. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. EWK is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.5% for EWL. EWK is up 8.93% year-to-date (YTD) with +$210M in YTD flows. EWL performs better with 9.19% YTD performance, and +$1.31B in YTD flows. Run a side-by-side ETF comparison of EWK 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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EWK 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 10/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWK EWL	+1.21%+8.92%	-2.99%+0.47%	+8.93%+9.19%	+13.18%+17.89%	+69.49%+61.55%	+35.31%+40.73%
Flows	EWK EWL	+$8M+$121M	+$89M+$759M	+$210M+$1.31B	+$220M+$1.41B	+$216M+$1.28B	+$211M+$1.04B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWK EWL	+13.06%+13.93%	+14.90%+15.66%	+14.77%+14.83%	+17.22%+16.01%
Max drawdown	EWK EWL	-10.37%-9.06%	-15.39%-13.49%	-15.39%-13.56%	-33.15%-28.82%
Max drawdown duration	EWK EWL	57d66d	113d156d	113d185d	1037d925d

Trading data

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	EWK	EWL
Last sale 10/30/2026 at 1:30 PM	$26.22	$64.37
Previous close 10/29/2026	$26.23	$64.14
Consolidated volume 10/29/2026
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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	EWK	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

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

Live

Closed

	EWK	EWL
Last price	$26.22	$64.37
1D performance	-0.04%	+0.36%
AuM	$246.73 M	$3.02 B
E/R	0.49%	0.5%

Characteristics

	EWK	EWL
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Belgium IMI 25/50 Index	MSCI Switzerland 25/50 Index
N° of holdings	39	38
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 1996	March 12, 1996
ESG	No	No

More EWK data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

EWK

Belgium

81.92%

Netherlands

17.05%

Other

1.04%

EWL

Switzerland

98.97%

Other

1.03%

Sectors

EWK

Finance

30.82%

Consumer Non-Cycl.

23.29%

Healthcare

23.13%

Industrials

7.71%

Non-Energy Materi.

7.29%

Other

7.76%

EWL

Healthcare

37.65%

Finance

20.27%

Consumer Non-Cycl.

13.52%

Non-Energy Materi.

8.91%

Industrials

7.98%

Other

11.68%

Diversification

EWK

Total weight of top 15 holdings out of 15

77.94%

EWL

Total weight of top 15 holdings out of 15

75.4%

Top 15 holdings

Data as of September 30, 2026

EWK

Anheuser-Busch InBev NV

19.88%

argenx SE

17.05%

KBC Group NV

7.91%

ageas SA/NV

4.66%

UCB SA

4.30%

Aedifica SA

3.26%

Ackermans & van Haaren NV

2.79%

Syensqo NV

2.59%

Groupe Bruxelles Lambert SA

2.56%

Lotus Bakeries NV

2.47%

Elia Group SA/NV

2.43%

Umicore SA

2.25%

KBC Ancora SCA

2.04%

Sofina SA

1.93%

Warehouses De Pauw SA

1.83%

EWL

Roche Holding AG

13.87%

Novartis AG

12.38%

Nestlé SA

10.97%

UBS Group AG

6.41%

ABB Ltd.

4.56%

Compagnie Financière Richemont SA

4.46%

Zurich Insurance Group AG

4.45%

Lonza Group AG

2.84%

Swiss Re AG

2.38%

Holcim Ltd.

2.36%

Givaudan SA

2.29%

Galderma Group AG

2.22%

Sandoz Group AG

2.14%

Sika AG

2.11%

Alcon AG

1.96%

Frequently asked questions about EWK and EWL

How have the EWK and EWL ETFs performed in 2026?

As of October 30, 2026, EWK is up 8.93% year-to-date (YTD), while EWL has returned 9.19%. That puts EWL better performer ahead so far this year.

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

Year-to-date, the EWK ETF saw +$210M in flows, compared to +$1.31B for EWL.

Which ETF is more volatile: EWK or EWL?

Over the past year, EWK had a volatility of 14.9%, while EWL experienced 15.66%.

Which ETF is bigger: EWK or EWL?

As of October 30, 2026, EWK holds $246.73 M in assets under management (AUM), while EWL manages $3.02 B.

What sectors do the EWK and EWL ETFs invest in?

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

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

EWK top holdings include Anheuser-Busch InBev NV, argenx SE and KBC Group NV. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWK or EWL?

EWK holds 39 securities with 77.94% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.4%.

There’s an ETF for That? Switzerland

May 1, 2025

EWL

EWKvsEWLETF Comparison

iShares MSCI Belgium ETF

iShares MSCI Switzerland ETF

EWK 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 EWK and EWL ETFs performed in 2026?

As of October 30, 2026, EWK is up 8.93% year-to-date (YTD), while EWL has returned 9.19%. That puts EWL better performer ahead so far this year.

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

Year-to-date, the EWK ETF saw +$210M in flows, compared to +$1.31B for EWL.

Which ETF is more volatile: EWK or EWL?

Over the past year, EWK had a volatility of 14.9%, while EWL experienced 15.66%.

Which ETF is bigger: EWK or EWL?

As of October 30, 2026, EWK holds $246.73 M in assets under management (AUM), while EWL manages $3.02 B.

What sectors do the EWK and EWL ETFs invest in?

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

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

EWK top holdings include Anheuser-Busch InBev NV, argenx SE and KBC Group NV. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWK or EWL?

EWK holds 39 securities with 77.94% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.4%.

There’s an ETF for That? Switzerland

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