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EWPvsEWLETF Comparison

ETF 1

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

-1.78%

Full EWP fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-1.78%

Full EWL fund page

iShares MSCI Spain ETF (EWP) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. EWP's top 3 sector exposures are Financials, Utilities and Energy. In contrast, EWL's top sector exposures are Health Care, Financials and Consumer Staples. Both EWP and EWL have the same Total Expense Ratio (TER) of 0.5%. EWP is up 5.87% year-to-date (YTD) with -$107M in YTD flows. EWL performs worse with 2.34% YTD performance, and -$12M in YTD flows. Run a side-by-side ETF comparison of EWP 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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EWP 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 05/07/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWP EWL	+3.19%+4.43%	-1.06%-3.46%	+5.87%+2.34%	+42.77%+15.47%	+121.02%+33.50%	+122.20%+42.53%
Flows	EWP EWL	-$120M+$23M	-$107M-$73M	-$107M-$12M	+$152M+$192M	+$373M+$38M	+$514M-$274M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWP EWL	+25.07%+20.40%	+17.85%+15.58%	+17.68%+14.69%	+19.30%+15.79%
Max drawdown	EWP EWL	-11.32%-13.49%	-11.32%-13.49%	-11.50%-13.56%	-33.80%-28.82%
Max drawdown duration	EWP EWL	71d67d	71d67d	113d185d	673d925d

Trading data

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	EWP	EWL
Last sale 5/8/2026 at 1:30 PM	$57.23	$61.80
Previous close 05/07/2026	$56.79	$61.10
Consolidated volume 05/07/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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	EWP	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/8/2026 at 1:30 PM

Live

Closed

	EWP	EWL
Last price	$57.23	$61.80
1D performance	+0.77%	+1.15%
AuM	$1.80 B	$1.57 B
E/R	0.5%	0.5%

Characteristics

	EWP	EWL
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Spain 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 EWP data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

EWP

Spain

95.56%

Other

4.44%

EWL

Switzerland

98.28%

Other

1.72%

Sectors

EWP

Financials

40.18%

Utilities

23.89%

Other

35.93%

EWL

Health Care

21.18%

Financials

18.18%

Consumer Staples

15.23%

Industrials

9.58%

Other

35.82%

Diversification

EWP

Total weight of top 15 holdings out of 15

88.53%

EWL

Total weight of top 15 holdings out of 15

76.65%

Top 15 holdings

Data as of March 31, 2026

EWP

BANCO SANTANDER SA

16.94%

IBERDROLA SA

14.80%

BBVA

11.73%

REPSOL YPF SA

5.97%

CAIXABANK SA

4.57%

NL0015001FS8

4.15%

ACS CONS Y SERV

4.08%

INDUSTRIA DISENO TEXTIL

3.99%

AMADEUS IT GROUP SA

3.87%

ES0105046017

3.76%

BCO DE SABADELL

3.48%

ENDESA SA

3.07%

TELEFONICA SA

2.93%

CELLNEX TELECOM

2.87%

ACCIONA SA

2.31%

EWL

NOVARTIS

14.65%

CH1499059983

14.11%

NESTLE SA

12.83%

ZURICH INSURANCE

4.72%

UBS GROUP AG

4.49%

ABB

4.30%

CIE FINANCIERE RICHEMONT AG ZUG

4.14%

SWISS REINSURANCE

2.76%

LONZA GRP AG

2.50%

HOLCIM LTD

2.34%

CH1335392721

2.18%

ALCON INC

2.12%

CH1243598427

1.91%

SWISS LIFE

1.81%

GIVAUDAN

1.77%

Frequently asked questions about EWP and EWL

How have the EWP and EWL ETFs performed in 2026?

As of May 7, 2026, EWP is up 5.87% year-to-date (YTD), while EWL has returned 2.34%. That puts EWP better performer ahead so far this year.

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

Year-to-date, the EWP ETF saw -$107M in flows, compared to -$12M for EWL.

Which ETF is more volatile: EWP or EWL?

Over the past year, EWP had a volatility of 17.85%, while EWL experienced 15.58%.

Which ETF is bigger: EWP or EWL?

As of May 7, 2026, EWP holds $1.80 B in assets under management (AUM), while EWL manages $1.57 B.

What sectors do the EWP and EWL ETFs invest in?

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

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

EWP top holdings include BANCO SANTANDER SA, IBERDROLA SA and BBVA. EWL holds in its top three: NOVARTIS, CH1499059983 and NESTLE SA.

Which ETF is more diversified: EWP or EWL?

EWP holds 23 securities with 88.53% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.65%.

There’s an ETF for That? Switzerland

May 1, 2025

EWL

EWPvsEWLETF Comparison

iShares MSCI Spain ETF

iShares MSCI Switzerland ETF

EWP 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 EWP and EWL ETFs performed in 2026?

As of May 7, 2026, EWP is up 5.87% year-to-date (YTD), while EWL has returned 2.34%. That puts EWP better performer ahead so far this year.

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

Year-to-date, the EWP ETF saw -$107M in flows, compared to -$12M for EWL.

Which ETF is more volatile: EWP or EWL?

Over the past year, EWP had a volatility of 17.85%, while EWL experienced 15.58%.

Which ETF is bigger: EWP or EWL?

As of May 7, 2026, EWP holds $1.80 B in assets under management (AUM), while EWL manages $1.57 B.

What sectors do the EWP and EWL ETFs invest in?

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

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

EWP top holdings include BANCO SANTANDER SA, IBERDROLA SA and BBVA. EWL holds in its top three: NOVARTIS, CH1499059983 and NESTLE SA.

Which ETF is more diversified: EWP or EWL?

EWP holds 23 securities with 88.53% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.65%.

There’s an ETF for That? Switzerland

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