EWPvsHEDJETF Comparison
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iShares MSCI Spain ETF (EWP) and WisdomTree Europe Hedged Equity Fund (HEDJ) belong to the same industry segment: Europe Blended Cap. EWP's top 3 sector exposures are Finance, Utilities and Industrials. In contrast, HEDJ's top sector exposures are Industrials, Finance and Consumer Non-Cyclicals. EWP is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.58% for HEDJ. EWP is up 15.38% year-to-date (YTD) with +$187M in YTD flows. HEDJ performs worse with 6.97% YTD performance, and -$113M in YTD flows. Run a side-by-side ETF comparison of EWP and HEDJ 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 HEDJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWP HEDJ | -2.49%-3.87% | +4.88%-1.98% | +15.38%+6.97% | +27.73%+13.40% | +139.86%+49.61% | +158.33%+61.05% |
| Flows | EWP HEDJ | +$24M-$34M | +$309M-$46M | +$187M-$113M | +$440M-$242M | +$558M-$152M | +$520M-$804M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWP HEDJ | +14.14%+10.66% | +18.05%+14.27% | +17.74%+14.40% | +19.32%+16.08% |
| Max drawdown | EWP HEDJ | -3.05%-3.99% | -11.32%-10.75% | -11.46%-15.72% | -30.28%-22.44% |
| Max drawdown duration | EWP HEDJ | 21d36d | 106d90d | 138d74d | 457d406d |
Trading data
EWP | HEDJ | |
Last sale 9/15/2026 at 4:34 PM | $61.01 | $55.62 |
| Previous close 09/14/2026 | $60.99 | $55.83 |
| 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
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EWP | HEDJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 4:34 PM
Live
Closed
EWP | HEDJ | |
|---|---|---|
| Last price | $61.01 | $55.62 |
| 1D performance | +0.03% | -0.38% |
| AuM | $2.22 B | $1.76 B |
| E/R | 0.5% | 0.58% |
Characteristics
EWP | HEDJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | WisdomTree |
| Benchmark | MSCI Spain 25/50 Index | WisdomTree Europe Equity Index |
| N° of holdings | 22 | 128 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 12, 1996 | December 31, 2009 |
| ESG | No | No |
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Exposure
Countries
EWP
Spain
93.9%
Other
6.1%
HEDJ
Germany
23%
France
20.88%
Spain
18.96%
Netherlands
18.56%
Other
18.59%
Sectors
EWP
Finance
44.78%
Utilities
21.11%
Industrials
18.45%
Other
15.65%
HEDJ
Industrials
23.67%
Finance
16.7%
Consumer Non-Cycl.
12.52%
Consumer Cyclical.
12.19%
Technology
11.05%
Non-Energy Materi.
7.88%
Other
16%
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Diversification
EWP
Total weight of top 15 holdings out of 15
89.51%
HEDJ
Total weight of top 15 holdings out of 15
51.32%
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%
HEDJ
Banco Bilbao Vizcaya Argentaria SA
7.17%
ASML Holding NV
6.50%
Banco Santander SA
4.76%
Siemens AG
4.43%
LVMH Moët Hennessy Louis Vuitton SE
4.08%
Deutsche Telekom AG
3.77%
Sanofi
3.54%
L'Oréal SA
3.26%
Anheuser-Busch InBev NV
2.88%
BASF SE
2.11%
Schneider Electric SE
2.04%
Daimler Truck Holding AG
1.91%
SAP SE
1.67%
Bayerische Motoren Werke AG
1.60%
ACS, Actividades de Construcción y Servicios SA
1.60%
Frequently asked questions about EWP and HEDJ
How have the EWP and HEDJ ETFs performed in 2026?
As of September 14, 2026, EWP is up 15.38% year-to-date (YTD), while HEDJ has returned 6.97%. That puts EWP better performer ahead so far this year.
Which ETF is attracting more investor money: EWP or HEDJ?
Year-to-date, the EWP ETF saw +$187M in flows, compared to -$113M for HEDJ.
Which ETF is more volatile: EWP or HEDJ?
Over the past year, EWP had a volatility of 18.05%, while HEDJ experienced 14.27%.
Which ETF is bigger: EWP or HEDJ?
As of September 14, 2026, EWP holds $2.22 B in assets under management (AUM), while HEDJ manages $1.76 B.
What sectors do the EWP and HEDJ ETFs invest in?
EWP leans toward sectors like Finance, Utilities and Industrials. Meanwhile, HEDJ focuses on Industrials, Finance and Consumer Non-Cyclicals.
What are the top holdings of the EWP ETF and HEDJ ETF?
EWP top holdings include Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA. HEDJ holds in its top three: Banco Bilbao Vizcaya Argentaria SA, ASML Holding NV and Banco Santander SA.
Which ETF is more diversified: EWP or HEDJ?
EWP holds 22 securities with 89.51% of its assets in the top 15. HEDJ has 128 securities and a top 15 weight of 51.32%.
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Latest news about EWP & HEDJ
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April 9, 2025
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An introduction to foreign ETFs
July 26, 2022
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