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EWOvsEWLETF Comparison

ETF 1

EWO

iShares MSCI Austria ETF

This fund is part of

Europe Blended Cap

-0.56%

Full EWO fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-0.56%

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 Finance, Industrials and Non-Energy Materials. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. EWO is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.5% for EWL. EWO is up 12.43% year-to-date (YTD) with +$43M in YTD flows. EWL performs worse with 6.77% YTD performance, and +$1.27B 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWO EWL	-10.34%+4.02%	-7.00%+1.67%	+12.43%+6.77%	+28.19%+11.85%	+136.56%+57.54%	+90.67%+41.32%
Flows	EWO EWL	-$4M+$459M	+$9M+$743M	+$43M+$1.27B	+$44M+$1.37B	+$68M+$1.25B	+$55M+$1.01B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWO EWL	+18.25%+14.40%	+20.14%+15.70%	+18.00%+14.83%	+21.67%+16.02%
Max drawdown	EWO EWL	-12.97%-9.06%	-13.62%-13.49%	-15.81%-13.56%	-41.66%-28.82%
Max drawdown duration	EWO EWL	45d59d	63d156d	45d185d	929d925d

Trading data

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	EWO	EWL
Last sale 10/26/2026 at 1:30 PM	$39.02	$62.92
Previous close 10/23/2026	$38.73	$63.05
Consolidated volume 10/23/2026
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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	EWO	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/26/2026 at 1:30 PM

Live

Closed

	EWO	EWL
Last price	$39.02	$62.92
1D performance	+0.75%	-0.21%
AuM	$171.28 M	$2.92 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	22	38
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

99.33%

Other

0.67%

EWL

Switzerland

98.94%

Other

1.06%

Sectors

EWO

Finance

51.3%

Industrials

15.06%

Non-Energy Materi.

11.75%

Energy

9.61%

Utilities

7.1%

Other

5.18%

EWL

Healthcare

37.06%

Finance

21.29%

Consumer Non-Cycl.

13.69%

Non-Energy Materi.

8.83%

Industrials

7.73%

Other

11.4%

Diversification

EWO

Total weight of top 15 holdings out of 15

88.63%

EWL

Total weight of top 15 holdings out of 15

75.99%

Top 15 holdings

Data as of August 31, 2026

EWO

Erste Group Bank AG

23.16%

BAWAG Group AG

11.69%

OMV AG

9.61%

Raiffeisen Bank International AG

4.65%

Andritz AG

4.58%

VERBUND AG

4.53%

AT & S Austria Technologie & Systemtechnik AG

4.51%

voestalpine AG

4.48%

Vienna Insurance Group AG

4.24%

Wienerberger AG

3.58%

UNIQA Insurance Group AG

3.56%

DO & CO AG

2.94%

EVN AG

2.57%

Österreichische Post AG

2.44%

PORR AG

2.09%

EWL

Roche Holding AG

13.64%

Novartis AG

12.35%

Nestlé SA

11.06%

UBS Group AG

6.84%

Compagnie Financière Richemont SA

4.65%

Zurich Insurance Group AG

4.53%

ABB Ltd.

4.41%

Swiss Re AG

2.82%

Lonza Group AG

2.75%

Holcim Ltd.

2.45%

Galderma Group AG

2.18%

Givaudan SA

2.14%

Sika AG

2.13%

Alcon AG

2.06%

Sandoz Group AG

1.99%

Frequently asked questions about EWO and EWL

How have the EWO and EWL ETFs performed in 2026?

As of October 23, 2026, EWO is up 12.43% year-to-date (YTD), while EWL has returned 6.77%. 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 +$43M in flows, compared to +$1.27B for EWL.

Which ETF is more volatile: EWO or EWL?

Over the past year, EWO had a volatility of 20.14%, while EWL experienced 15.7%.

Which ETF is bigger: EWO or EWL?

As of October 23, 2026, EWO holds $171.28 M in assets under management (AUM), while EWL manages $2.92 B.

What sectors do the EWO and EWL ETFs invest in?

EWO leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

EWO top holdings include Erste Group Bank AG, BAWAG Group AG and OMV AG. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWO or EWL?

EWO holds 22 securities with 88.63% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.99%.

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 October 23, 2026, EWO is up 12.43% year-to-date (YTD), while EWL has returned 6.77%. 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 +$43M in flows, compared to +$1.27B for EWL.

Which ETF is more volatile: EWO or EWL?

Over the past year, EWO had a volatility of 20.14%, while EWL experienced 15.7%.

Which ETF is bigger: EWO or EWL?

As of October 23, 2026, EWO holds $171.28 M in assets under management (AUM), while EWL manages $2.92 B.

What sectors do the EWO and EWL ETFs invest in?

EWO leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

EWO top holdings include Erste Group Bank AG, BAWAG Group AG and OMV AG. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWO or EWL?

EWO holds 22 securities with 88.63% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.99%.

There’s an ETF for That? Switzerland

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