BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

EWPvsEWLETF Comparison

ETF 1

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

-0.93%

Full EWP fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-0.93%

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 15.38% year-to-date (YTD) with +$187M in YTD flows. EWL performs worse with 2.72% YTD performance, and +$784M 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

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

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 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWP EWL	-2.49%-4.47%	+4.88%-2.07%	+15.38%+2.72%	+27.73%+10.65%	+139.86%+41.09%	+158.33%+35.09%
Flows	EWP EWL	+$24M+$70M	+$309M+$473M	+$187M+$784M	+$440M+$899M	+$558M+$781M	+$520M+$563M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWP EWL	+14.14%+14.28%	+18.05%+15.56%	+17.74%+14.88%	+19.32%+16.03%
Max drawdown	EWP EWL	-3.05%-6.69%	-11.32%-13.49%	-11.46%-13.56%	-30.28%-28.82%
Max drawdown duration	EWP EWL	21d20d	106d156d	138d185d	457d925d

Trading data

Create an account to view trading data

Join for free

	EWP	EWL
Last sale 9/15/2026 at 4:32 PM	$61.03	$60.28
Previous close 09/14/2026	$60.99	$60.49
Consolidated volume 09/14/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

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

Main metrics

Last update 9/15/2026 at 4:32 PM

Live

Closed

	EWP	EWL
Last price	$61.03	$60.28
1D performance	+0.07%	-0.35%
AuM	$2.22 B	$2.32 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

93.9%

Other

6.1%

EWL

Switzerland

98.78%

Other

1.22%

Sectors

EWP

Finance

44.78%

Utilities

21.11%

Industrials

18.45%

Other

15.65%

EWL

Healthcare

37.22%

Finance

18.96%

Consumer Non-Cycl.

14.24%

Industrials

8.82%

Non-Energy Materi.

8.69%

Other

12.06%

Diversification

EWP

Total weight of top 15 holdings out of 15

89.51%

EWL

Total weight of top 15 holdings out of 15

76.05%

Top 15 holdings

Data as of July 31, 2026

EWP

Banco Santander SA

19.50%

Banco Bilbao Vizcaya Argentaria SA

13.97%

Iberdrola SA

13.56%

Industria de Diseño Textil SA

4.60%

Repsol SA

4.54%

CaixaBank SA

4.53%

Ferrovial NV

4.01%

Amadeus IT Group SA

3.74%

ACS, Actividades de Construcción y Servicios SA

3.56%

Aena S.M.E. SA

3.42%

Banco de Sabadell SA

3.26%

Endesa SA

3.04%

Naturgy Energy Group SA

3.00%

Cellnex Telecom SA

2.39%

Telefónica SA

2.38%

EWL

Roche Holding AG

13.55%

Novartis AG

12.60%

Nestlé SA

11.47%

ABB Ltd.

5.66%

Compagnie Financière Richemont SA

5.13%

UBS Group AG

4.89%

Zurich Insurance Group AG

4.46%

Lonza Group AG

2.70%

Swiss Re AG

2.67%

Holcim Ltd.

2.57%

Galderma Group AG

2.32%

Givaudan SA

2.12%

Sika AG

1.98%

Alcon AG

1.96%

Sandoz Group AG

1.95%

Frequently asked questions about EWP and EWL

How have the EWP and EWL ETFs performed in 2026?

As of September 14, 2026, EWP is up 15.38% year-to-date (YTD), while EWL has returned 2.72%. 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 +$187M in flows, compared to +$784M for EWL.

Which ETF is more volatile: EWP or EWL?

Over the past year, EWP had a volatility of 18.05%, while EWL experienced 15.56%.

Which ETF is bigger: EWP or EWL?

As of September 14, 2026, EWP holds $2.22 B in assets under management (AUM), while EWL manages $2.32 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 89.51% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.05%.

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 September 14, 2026, EWP is up 15.38% year-to-date (YTD), while EWL has returned 2.72%. 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 +$187M in flows, compared to +$784M for EWL.

Which ETF is more volatile: EWP or EWL?

Over the past year, EWP had a volatility of 18.05%, while EWL experienced 15.56%.

Which ETF is bigger: EWP or EWL?

As of September 14, 2026, EWP holds $2.22 B in assets under management (AUM), while EWL manages $2.32 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 89.51% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.05%.

There’s an ETF for That? Switzerland

Build and Analyze Your ETF Portfolio Like a Pro