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EWKvsEWLETF Comparison

ETF 1

EWK

iShares MSCI Belgium ETF

This fund is part of

Europe Blended Cap

+0.76%

Full EWK fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

+0.76%

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 Health Care, Consumer Staples and Financials. In contrast, EWL's top sector exposures are Health Care, Financials and Consumer Staples. EWK is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.5% for EWL. EWK is up 13.61% year-to-date (YTD) with +$109M in YTD flows. EWL performs worse with 4.61% YTD performance, and +$311M 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 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWK EWL	+4.73%+1.83%	+13.24%+5.78%	+13.61%+4.61%	+25.11%+13.31%	+63.60%+42.72%	+34.73%+36.92%
Flows	EWK EWL	+$32M+$324M	+$115M+$282M	+$109M+$311M	+$107M+$427M	+$113M+$308M	+$97M+$92M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWK EWL	+19.74%+19.66%	+14.87%+15.75%	+15.07%+14.75%	+17.29%+15.85%
Max drawdown	EWK EWL	-5.75%-5.57%	-15.39%-13.49%	-15.39%-13.56%	-35.25%-28.82%
Max drawdown duration	EWK EWL	16d21d	113d103d	113d185d	1410d925d

Trading data

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	EWK	EWL
Last sale 6/12/2026 at 1:30 PM	$27.68	$62.72
Previous close 06/11/2026	$27.62	$62.91
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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	EWK	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	EWK	EWL
Last price	$27.68	$62.72
1D performance	+0.22%	-0.30%
AuM	$154.55 M	$1.93 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	37
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

85.22%

Netherlands

13.64%

Other

1.14%

EWL

Switzerland

98.18%

Other

1.82%

Sectors

EWK

Health Care

26.01%

Consumer Staples

25.03%

Financials

16.47%

Real Estate

9.57%

Other

22.92%

EWL

Health Care

19.95%

Financials

18.29%

Consumer Staples

14.67%

Industrials

10.75%

Other

36.34%

Diversification

EWK

Total weight of top 15 holdings out of 15

77.49%

EWL

Total weight of top 15 holdings out of 15

76.64%

Top 15 holdings

Data as of April 30, 2026

EWK

ANHEUSER-BUSCH INBEV SA/NV

21.77%

ARGEN X NV

13.64%

UCB

8.62%

KBC GROEP

4.65%

AGEAS(EX-FORTIS)

4.44%

AEDIFICA SA

3.21%

ACKERMANS V.HAAR

3.10%

GROUPE BRUXELLES LAMBERT

3.00%

ELIA SYSTEM OPERATOR

2.99%

WDP-SICAFI REIT

2.20%

LOTUS BAKERIES

2.17%

D'IETEREN

1.97%

BE0974464977

1.96%

FINANCIERE DE TUBIZE

1.96%

UMICORE

1.82%

EWL

CH1499059983

13.96%

NOVARTIS

13.74%

NESTLE SA

12.64%

ABB

5.22%

UBS GROUP AG

4.93%

ZURICH INSURANCE

4.47%

CIE FINANCIERE RICHEMONT AG ZUG

4.34%

SWISS REINSURANCE

2.56%

HOLCIM LTD

2.56%

LONZA GRP AG

2.32%

CH1335392721

2.28%

ALCON INC

2.04%

CH1243598427

1.89%

SWISS LIFE

1.88%

GIVAUDAN

1.80%

Frequently asked questions about EWK and EWL

How have the EWK and EWL ETFs performed in 2026?

As of June 12, 2026, EWK is up 13.61% year-to-date (YTD), while EWL has returned 4.61%. That puts EWK better performer ahead so far this year.

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

Year-to-date, the EWK ETF saw +$109M in flows, compared to +$311M for EWL.

Which ETF is more volatile: EWK or EWL?

Over the past year, EWK had a volatility of 14.87%, while EWL experienced 15.75%.

Which ETF is bigger: EWK or EWL?

As of June 12, 2026, EWK holds $154.55 M in assets under management (AUM), while EWL manages $1.93 B.

What sectors do the EWK and EWL ETFs invest in?

EWK leans toward sectors like Health Care, Consumer Staples and Financials. Meanwhile, EWL focuses on Health Care, Financials and Consumer Staples.

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

EWK top holdings include ANHEUSER-BUSCH INBEV SA/NV, ARGEN X NV and UCB. EWL holds in its top three: CH1499059983, NOVARTIS and NESTLE SA.

Which ETF is more diversified: EWK or EWL?

EWK holds 41 securities with 77.49% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.64%.

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 June 12, 2026, EWK is up 13.61% year-to-date (YTD), while EWL has returned 4.61%. That puts EWK better performer ahead so far this year.

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

Year-to-date, the EWK ETF saw +$109M in flows, compared to +$311M for EWL.

Which ETF is more volatile: EWK or EWL?

Over the past year, EWK had a volatility of 14.87%, while EWL experienced 15.75%.

Which ETF is bigger: EWK or EWL?

As of June 12, 2026, EWK holds $154.55 M in assets under management (AUM), while EWL manages $1.93 B.

What sectors do the EWK and EWL ETFs invest in?

EWK leans toward sectors like Health Care, Consumer Staples and Financials. Meanwhile, EWL focuses on Health Care, Financials and Consumer Staples.

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

EWK top holdings include ANHEUSER-BUSCH INBEV SA/NV, ARGEN X NV and UCB. EWL holds in its top three: CH1499059983, NOVARTIS and NESTLE SA.

Which ETF is more diversified: EWK or EWL?

EWK holds 41 securities with 77.49% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.64%.

There’s an ETF for That? Switzerland

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