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EWOvsEWLETF Comparison

ETF 1

EWO

iShares MSCI Austria ETF

This fund is part of

Europe Blended Cap

+0.76%

Full EWO 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 Austria ETF (EWO) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. EWO's top 3 sector exposures are Financials, Industrials and Energy. In contrast, EWL's top sector exposures are Health Care, Financials and Consumer Staples. EWO is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.5% for EWL. EWO is up 18.9% year-to-date (YTD) with -$4M in YTD flows. EWL performs worse with 4.61% YTD performance, and +$311M in YTD flows. Run a side-by-side ETF comparison of EWO 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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EWO 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.	EWO EWL	+6.17%+1.83%	+20.51%+5.78%	+18.90%+4.61%	+45.68%+13.31%	+137.96%+42.72%	+104.78%+36.92%
Flows	EWO EWL	-$2M+$324M	-$16M+$282M	-$4M+$311M	-$16M+$427M	+$26M+$308M	+$14M+$92M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWO EWL	+24.68%+19.66%	+18.67%+15.75%	+17.50%+14.75%	+21.49%+15.85%
Max drawdown	EWO EWL	-4.10%-5.57%	-13.62%-13.49%	-15.81%-13.56%	-41.66%-28.82%
Max drawdown duration	EWO EWL	16d21d	63d103d	45d185d	929d925d

Trading data

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	EWO	EWL
Last sale 6/12/2026 at 1:30 PM	$42.05	$62.72
Previous close 06/11/2026	$41.48	$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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	EWO	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

	EWO	EWL
Last price	$42.05	$62.72
1D performance	+1.37%	-0.30%
AuM	$138.54 M	$1.93 B
E/R	0.49%	0.5%

Characteristics

	EWO	EWL
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Austria IMI 25/50 Index	MSCI Switzerland 25/50 Index
N° of holdings	21	37
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 1996	March 12, 1996
ESG	No	No

More EWO data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

EWO

Austria

97.9%

Other

2.1%

EWL

Switzerland

98.18%

Other

1.82%

Sectors

EWO

Financials

45.63%

Industrials

14.94%

Energy

10.56%

Materials

9.76%

Utilities

7.33%

Other

11.79%

EWL

Health Care

19.95%

Financials

18.29%

Consumer Staples

14.67%

Industrials

10.75%

Other

36.34%

Diversification

EWO

Total weight of top 15 holdings out of 15

88.78%

EWL

Total weight of top 15 holdings out of 15

76.64%

Top 15 holdings

Data as of April 30, 2026

EWO

ERSTE GRP BANK

19.58%

BAWAG GROUP AG

13.20%

OMV

10.56%

AT&S AUSTRIA TECH&SYSTEMTECHN

5.40%

RAIFFEISEN BANK INTL

4.84%

VERBUND

4.77%

ANDRITZ

4.34%

VOESTALPINE

4.29%

VIENNA INSURANCE

4.23%

UNIQA INSURANCE GROUP AG

3.78%

WIENERBERGER

3.62%

DO AND CO RESTAURANTS

2.61%

EVN

2.56%

OSTERREICHISCHE POST

2.54%

CA IMMOBILIEN

2.48%

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 EWO and EWL

How have the EWO and EWL ETFs performed in 2026?

As of June 12, 2026, EWO is up 18.9% year-to-date (YTD), while EWL has returned 4.61%. That puts EWO better performer ahead so far this year.

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

Year-to-date, the EWO ETF saw -$4M in flows, compared to +$311M for EWL.

Which ETF is more volatile: EWO or EWL?

Over the past year, EWO had a volatility of 18.67%, while EWL experienced 15.75%.

Which ETF is bigger: EWO or EWL?

As of June 12, 2026, EWO holds $138.54 M in assets under management (AUM), while EWL manages $1.93 B.

What sectors do the EWO and EWL ETFs invest in?

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

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

EWO top holdings include ERSTE GRP BANK, BAWAG GROUP AG and OMV. EWL holds in its top three: CH1499059983, NOVARTIS and NESTLE SA.

Which ETF is more diversified: EWO or EWL?

EWO holds 21 securities with 88.78% 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

EWOvsEWLETF Comparison

iShares MSCI Austria ETF

iShares MSCI Switzerland ETF

EWO 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 EWO and EWL ETFs performed in 2026?

As of June 12, 2026, EWO is up 18.9% year-to-date (YTD), while EWL has returned 4.61%. That puts EWO better performer ahead so far this year.

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

Year-to-date, the EWO ETF saw -$4M in flows, compared to +$311M for EWL.

Which ETF is more volatile: EWO or EWL?

Over the past year, EWO had a volatility of 18.67%, while EWL experienced 15.75%.

Which ETF is bigger: EWO or EWL?

As of June 12, 2026, EWO holds $138.54 M in assets under management (AUM), while EWL manages $1.93 B.

What sectors do the EWO and EWL ETFs invest in?

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

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

EWO top holdings include ERSTE GRP BANK, BAWAG GROUP AG and OMV. EWL holds in its top three: CH1499059983, NOVARTIS and NESTLE SA.

Which ETF is more diversified: EWO or EWL?

EWO holds 21 securities with 88.78% 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

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up