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EWKvsEWLETF Comparison

ETF 1

EWK

iShares MSCI Belgium ETF

This fund is part of

Europe Blended Cap

+0.39%

Full EWK fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

+0.39%

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, Healthcare and Consumer Non-Cyclicals. 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 11.8% year-to-date (YTD) with +$122M in YTD flows. EWL performs worse with 7.43% YTD performance, and +$546M 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 07/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWK EWL	-0.86%-0.09%	+7.10%+5.98%	+11.80%+7.43%	+22.75%+18.87%	+50.50%+40.06%	+37.73%+40.43%
Flows	EWK EWL	+$4M+$204M	+$45M+$559M	+$122M+$546M	+$113M+$642M	+$126M+$515M	+$114M+$309M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWK EWL	+15.38%+15.63%	+14.74%+15.35%	+14.90%+14.73%	+17.23%+15.89%
Max drawdown	EWK EWL	-4.14%-3.63%	-15.39%-13.49%	-15.39%-13.56%	-33.27%-28.82%
Max drawdown duration	EWK EWL	44d23d	113d149d	113d185d	1106d925d

Trading data

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	EWK	EWL
Last sale 7/29/2026 at 1:30 PM	$27.03	$62.79
Previous close 07/28/2026	$26.93	$63.23
Consolidated volume 07/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 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 7/29/2026 at 1:30 PM

Live

Closed

	EWK	EWL
Last price	$27.03	$62.79
1D performance	+0.37%	-0.70%
AuM	$163.10 M	$2.19 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	40	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

83.3%

Netherlands

15.55%

Other

1.15%

EWL

Switzerland

98.52%

Other

1.48%

Sectors

EWK

Finance

27.64%

Healthcare

26.26%

Consumer Non-Cycl.

25.04%

Other

21.06%

EWL

Healthcare

36.62%

Finance

18.31%

Consumer Non-Cycl.

14.48%

Industrials

9.64%

Non-Energy Materi.

8.52%

Other

12.43%

Diversification

EWK

Total weight of top 15 holdings out of 15

79.02%

EWL

Total weight of top 15 holdings out of 15

75.72%

Top 15 holdings

Data as of June 30, 2026

EWK

Anheuser-Busch InBev NV

21.94%

argenx SE

15.55%

UCB SA

9.01%

KBC Group NV

4.65%

ageas SA/NV

4.31%

Ackermans & van Haaren NV

2.91%

Aedifica SA

2.91%

Groupe Bruxelles Lambert SA

2.77%

Elia Group SA/NV

2.73%

Lotus Bakeries NV

2.27%

Financière de Tubize SA

2.13%

Syensqo NV

2.07%

Umicore SA

2.03%

Warehouses De Pauw SA

2.00%

D'Ieteren Group

1.76%

EWL

Roche Holding AG

12.84%

Novartis AG

12.67%

Nestlé SA

11.64%

ABB Ltd.

6.34%

Compagnie Financière Richemont SA

5.04%

UBS Group AG

4.63%

Zurich Insurance Group AG

4.37%

Lonza Group AG

2.60%

Swiss Re AG

2.56%

Holcim Ltd.

2.50%

Galderma Group AG

2.39%

Givaudan SA

2.23%

Sandoz Group AG

2.13%

Alcon AG

1.92%

Sika AG

1.85%

Frequently asked questions about EWK and EWL

How have the EWK and EWL ETFs performed in 2026?

As of July 28, 2026, EWK is up 11.8% year-to-date (YTD), while EWL has returned 7.43%. 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 +$122M in flows, compared to +$546M for EWL.

Which ETF is more volatile: EWK or EWL?

Over the past year, EWK had a volatility of 14.74%, while EWL experienced 15.35%.

Which ETF is bigger: EWK or EWL?

As of July 28, 2026, EWK holds $163.10 M in assets under management (AUM), while EWL manages $2.19 B.

What sectors do the EWK and EWL ETFs invest in?

EWK leans toward sectors like Finance, Healthcare and Consumer Non-Cyclicals. 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 UCB SA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWK or EWL?

EWK holds 40 securities with 79.02% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.72%.

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 July 28, 2026, EWK is up 11.8% year-to-date (YTD), while EWL has returned 7.43%. 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 +$122M in flows, compared to +$546M for EWL.

Which ETF is more volatile: EWK or EWL?

Over the past year, EWK had a volatility of 14.74%, while EWL experienced 15.35%.

Which ETF is bigger: EWK or EWL?

As of July 28, 2026, EWK holds $163.10 M in assets under management (AUM), while EWL manages $2.19 B.

What sectors do the EWK and EWL ETFs invest in?

EWK leans toward sectors like Finance, Healthcare and Consumer Non-Cyclicals. 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 UCB SA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWK or EWL?

EWK holds 40 securities with 79.02% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.72%.

There’s an ETF for That? Switzerland

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