Data as of Oct 28, 2026.
EPOL vs EWI: Differences, Returns & Fees
Over the year to Oct 28, 2026, EPOL returned +32.2% to EWI's +11.1%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.0bn for iShares MSCI Poland ETF and $1.2bn for iShares MSCI Italy ETF.
Pair scorecard
EWI costs 0.09 points a year less; their one-year returns differ by 21.1 points; EWI is 1.2 times larger.
| Measure | EPOL | EWI |
|---|---|---|
| Return | ||
| Total return, 1 year | +32.2% | +11.1% |
| Drawdown | ||
| Below its high | 3.4%, high on Sep 8, 2026 | 11.4%, high on Aug 7, 2026 |
| Benchmark | ||
| What it tracks | MSCI Poland IMI 25/50 Index | MSCI Italy 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.50% |
| Net assets, as of Oct 27, 2026 | $1.0bn | $1.2bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 65.9% | 72.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 4, 2010 to Oct 23, 2026 · 855 weekly returnsEach against its own benchmark: EPOL against EEM, Jun 4, 2010 to Oct 23, 2026; EWI against ACWX, Apr 11, 2008 to Oct 23, 2026.
EWI returned more: +243.4% to +194.2%. EWI swung slightly less: 24.4% to 26.2%. EWI fell less at its worst: −48.7% to −63.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EPOL | EWI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +194.2% | +243.4% | EWI | Price change plus distributions, reinvested. |
| Annualized | +6.8% | +7.8% | EWI | Total return as a yearly rate. |
| Price return | +84.6% | +105.6% | EWI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.2% | 24.4% | EWI (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.4% | 17.3% | EWI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −63.6% | −48.7% | EWI | Deepest fall from a high to the low after it. |
| Upside capture | 89.0% | 133.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 93.5% | 112.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.92 | 1.17 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.47 | 0.75 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.32 | 0.37 | EWI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.46 | 0.52 | EWI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.092 | 0.041 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.11 | 0.16 | EWI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | EEM | ACWX | The ETF each fund is measured against. | |
| Alpha | +3.3% a year | −1.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.71 | −0.34 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.9% to +12.6% | −7.0% to +5.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.15 | −0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 19.1% | 13.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 855 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EPOL and EWI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EPOL and EWI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EPOL and EWI are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EPOL follows MSCI Poland IMI 25/50 Index and EWI follows MSCI Italy 25/50 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EPOL returned +32.2% and EWI +11.1% with distributions reinvested, a gap of 21.1 points.
Data as of Oct 28, 2026.
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EPOL
EPOL tracks an index. Over the year to Oct 28, 2026 it returned +32.2% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 33 positions, with the top ten at 65.9%. It sat 3.4% below its high of Sep 8, 2026 on Oct 28, 2026.
EWI
EWI tracks an index. Over the year to Oct 28, 2026 it returned +11.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.50% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 72.7%. It sat 11.4% below its high of Aug 7, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EPOL or EWI?
- In the year to Oct 28, 2026, with distributions reinvested, EPOL returned +32.2% and EWI +11.1%.
- Which is cheaper, EPOL or EWI?
- EWI is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EPOL against EWI, data as of Oct 28, 2026. https://etfiq.com/compare/any/epol-vs-ewi
ETFIQ. (Oct 28, 2026). EPOL against EWI. Retrieved from https://etfiq.com/compare/any/epol-vs-ewi
[EPOL against EWI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/epol-vs-ewi)
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