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EWPvsEWLETF Comparison

ETF 1

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

+0.77%

Full EWP fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

+0.77%

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 Finance, Utilities and Industrials. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. Both EWP and EWL have the same Total Expense Ratio (TER) of 0.5%. EWP is up 7.78% year-to-date (YTD) with +$83M in YTD flows. EWL performs better with 8.87% YTD performance, and +$1.31B 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 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWP EWL	-4.78%+6.76%	-4.12%+2.01%	+7.78%+8.87%	+16.33%+17.44%	+135.39%+61.07%	+136.67%+42.30%
Flows	EWP EWL	-$326M+$121M	+$23M+$759M	+$83M+$1.31B	+$319M+$1.41B	+$497M+$1.28B	+$473M+$1.04B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWP EWL	+15.49%+14.38%	+18.53%+15.66%	+17.74%+14.84%	+19.34%+16.02%
Max drawdown	EWP EWL	-9.82%-9.06%	-11.32%-13.49%	-11.46%-13.56%	-30.28%-28.82%
Max drawdown duration	EWP EWL	66d65d	106d156d	138d185d	457d925d

Trading data

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	EWP	EWL
Last sale 10/30/2026 at 6:13 PM	$56.07	$64.22
Previous close 10/29/2026	$57.04	$64.14
Consolidated volume 10/29/2026
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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	EWP	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 6:13 PM

Live

Closed

	EWP	EWL
Last price	$56.07	$64.22
1D performance	-1.70%	+0.12%
AuM	$1.96 B	$3.01 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	22	38
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

94.09%

Other

5.91%

EWL

Switzerland

98.97%

Other

1.03%

Sectors

EWP

Finance

45.5%

Utilities

20.67%

Industrials

17.84%

Other

15.99%

EWL

Healthcare

37.65%

Finance

20.27%

Consumer Non-Cycl.

13.52%

Non-Energy Materi.

8.91%

Industrials

7.98%

Other

11.68%

Diversification

EWP

Total weight of top 15 holdings out of 15

88.91%

EWL

Total weight of top 15 holdings out of 15

75.4%

Top 15 holdings

Data as of September 30, 2026

EWP

Banco Santander SA

19.22%

Banco Bilbao Vizcaya Argentaria SA

14.26%

Iberdrola SA

12.77%

Repsol SA

4.99%

CaixaBank SA

4.54%

Industria de Diseño Textil SA

4.23%

Ferrovial NV

3.85%

Amadeus IT Group SA

3.80%

Banco de Sabadell SA

3.63%

Aena S.M.E. SA

3.52%

Endesa SA

3.07%

Naturgy Energy Group SA

3.07%

ACS, Actividades de Construcción y Servicios SA

3.06%

Telefónica SA

2.54%

Bankinter SA

2.35%

EWL

Roche Holding AG

13.87%

Novartis AG

12.38%

Nestlé SA

10.97%

UBS Group AG

6.41%

ABB Ltd.

4.56%

Compagnie Financière Richemont SA

4.46%

Zurich Insurance Group AG

4.45%

Lonza Group AG

2.84%

Swiss Re AG

2.38%

Holcim Ltd.

2.36%

Givaudan SA

2.29%

Galderma Group AG

2.22%

Sandoz Group AG

2.14%

Sika AG

2.11%

Alcon AG

1.96%

Frequently asked questions about EWP and EWL

How have the EWP and EWL ETFs performed in 2026?

As of October 29, 2026, EWP is up 7.78% year-to-date (YTD), while EWL has returned 8.87%. That puts EWL better performer ahead so far this year.

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

Year-to-date, the EWP ETF saw +$83M in flows, compared to +$1.31B for EWL.

Which ETF is more volatile: EWP or EWL?

Over the past year, EWP had a volatility of 18.53%, while EWL experienced 15.66%.

Which ETF is bigger: EWP or EWL?

As of October 29, 2026, EWP holds $1.96 B in assets under management (AUM), while EWL manages $3.01 B.

What sectors do the EWP and EWL ETFs invest in?

EWP leans toward sectors like Finance, Utilities and Industrials. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

EWP top holdings include Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWP or EWL?

EWP holds 22 securities with 88.91% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.4%.

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 October 29, 2026, EWP is up 7.78% year-to-date (YTD), while EWL has returned 8.87%. That puts EWL better performer ahead so far this year.

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

Year-to-date, the EWP ETF saw +$83M in flows, compared to +$1.31B for EWL.

Which ETF is more volatile: EWP or EWL?

Over the past year, EWP had a volatility of 18.53%, while EWL experienced 15.66%.

Which ETF is bigger: EWP or EWL?

As of October 29, 2026, EWP holds $1.96 B in assets under management (AUM), while EWL manages $3.01 B.

What sectors do the EWP and EWL ETFs invest in?

EWP leans toward sectors like Finance, Utilities and Industrials. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

EWP top holdings include Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: EWP or EWL?

EWP holds 22 securities with 88.91% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.4%.

There’s an ETF for That? Switzerland

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