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 Financials, Utilities and Energy. In contrast, HEDJ's top sector exposures are Industrials, Financials and Consumer Discretionary. EWP is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.58% for HEDJ. EWP is up 5.18% year-to-date (YTD) with -$17M in YTD flows. HEDJ performs worse with 2.49% YTD performance, and -$59M 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 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWP HEDJ | +3.37%+2.88% | -0.56%-0.82% | +5.18%+2.49% | +43.47%+17.96% | +119.31%+44.19% | +126.67%+67.51% |
| Flows | EWP HEDJ | -$30M-$16M | -$17M-$40M | -$17M-$59M | +$301M-$195M | +$495M-$77M | +$604M-$714M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWP HEDJ | +24.36%+19.72% | +17.35%+14.03% | +17.52%+14.37% | +19.23%+16.00% |
| Max drawdown | EWP HEDJ | -11.32%-10.75% | -11.32%-10.75% | -11.50%-15.72% | -33.80%-22.44% |
| Max drawdown duration | EWP HEDJ | 65d65d | 65d65d | 113d74d | 673d406d |
Trading data
EWP | HEDJ | |
Last sale 5/1/2026 at 1:30 PM | $56.61 | $54.48 |
| Previous close 04/29/2026 | $56.67 | $54.60 |
| Consolidated volume 04/29/2026 | ||
| 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 | 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 5/1/2026 at 1:30 PM
Live
Closed
EWP | HEDJ | |
|---|---|---|
| Last price | $56.61 | $54.48 |
| 1D performance | -0.11% | -0.22% |
| AuM | $1.87 B | $1.77 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 | 21 | 126 |
| 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
95.56%
Other
4.44%
HEDJ
Germany
24.26%
France
21.66%
Netherlands
18.32%
Spain
17.42%
Other
18.34%
Sectors
EWP
Financials
40.18%
Utilities
23.89%
Other
35.93%
HEDJ
Industrials
20.42%
Financials
14.2%
Consumer Discreti.
13.31%
Consumer Staples
13.02%
Information Techn.
10.09%
Health Care
8.21%
Other
20.76%
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Diversification
EWP
Total weight of top 15 holdings out of 15
88.53%
HEDJ
Total weight of top 15 holdings out of 15
51.39%
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%
HEDJ
BBVA
5.75%
ASML HOLDING
5.53%
BANCO SANTANDER SA
5.50%
DEUTSCHE TELEKOM AG
4.90%
SANOFI SA
4.40%
LVMH MOET HENNESSY LOUIS VUITT
4.28%
SIEMENS
3.48%
L OREAL S.A.
3.17%
BASF SE
2.46%
ANHEUSER-BUSCH INBEV SA/NV
2.44%
BMW AG
2.38%
SAP SE
1.82%
DAIMLER TRUCK AG
1.82%
LU2598331598
1.76%
SCHNEIDER ELECTRIC SE
1.69%
Frequently asked questions about EWP and HEDJ
How have the EWP and HEDJ ETFs performed in 2026?
As of May 1, 2026, EWP is up 5.18% year-to-date (YTD), while HEDJ has returned 2.49%. 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 -$17M in flows, compared to -$59M for HEDJ.
Which ETF is more volatile: EWP or HEDJ?
Over the past year, EWP had a volatility of 17.35%, while HEDJ experienced 14.03%.
Which ETF is bigger: EWP or HEDJ?
As of May 1, 2026, EWP holds $1.87 B in assets under management (AUM), while HEDJ manages $1.77 B.
What sectors do the EWP and HEDJ ETFs invest in?
EWP leans toward sectors like Financials and Utilities. Meanwhile, HEDJ focuses on Industrials, Financials and Consumer Discretionary.
What are the top holdings of the EWP ETF and HEDJ ETF?
EWP top holdings include BANCO SANTANDER SA, IBERDROLA SA and BBVA. HEDJ holds in its top three: BBVA, ASML HOLDING and BANCO SANTANDER SA.
Which ETF is more diversified: EWP or HEDJ?
EWP holds 23 securities with 88.53% of its assets in the top 15. HEDJ has 139 securities and a top 15 weight of 51.39%.
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Latest news about EWP & HEDJ
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