Data as of Oct 28, 2026.
EUFN vs EWD: Differences, Returns & Fees
Over the year to Oct 28, 2026, EUFN returned +16.6% to EWD's +8.5%; 6% of their weight is in the same names.
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Net assets on Oct 27, 2026: $3.0bn for iShares MSCI Europe Financials ETF and $1.1bn for iShares MSCI Sweden ETF.
Pair scorecard
EUFN costs 0.02 points a year less; their one-year returns differ by 8.1 points; EUFN is 2.7 times larger.
| Measure | EUFN | EWD |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.6% | +8.5% |
| Drawdown | ||
| Below its high | 11.7%, high on Sep 3, 2026 | 5.4%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | MSCI Europe Financials Index | MSCI Sweden 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.51% |
| Net assets, as of Oct 27, 2026 | $3.0bn | $1.1bn |
| Holdings | ||
| Holdings in common | 6% | |
| Top ten holdings, share of the fund | 43.6% | 58.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 12, 2010 to Oct 23, 2026 · 871 weekly returns · each against ACWXEWD returned more: +283.2% to +242.7%. EWD swung slightly less: 23.8% to 25.5%. EWD fell less at its worst: −41.6% to −52.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EUFN | EWD | ACWX | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +242.7% | +283.2% | EWD | Price change plus distributions, reinvested. | |
| Annualized | +7.6% | +8.4% | EWD (slight) | Total return as a yearly rate. | |
| Price return | +84.5% | +118.4% | EWD | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 25.5% | 23.8% | EWD (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 17.9% | 16.7% | EWD (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −52.7% | −41.6% | EWD | Deepest fall from a high to the low after it. | |
| Upside capture | 147.1% | 137.4% | 100.0% | EUFN (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 116.1% | 112.1% | 100.0% | EWD (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.30 | 1.25 | 1.00 | EWD lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.80 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.36 | 0.39 | EWD (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.51 | 0.56 | EWD (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.070 | 0.074 | 0.065 | EWD (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.14 | 0.20 | EWD | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWX | ACWX | ACWX | The ETF each fund is measured against. | |
| Alpha | +0.7% a year | +1.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.21 | 0.47 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.4% to +6.8% | −3.9% to +6.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.19 | 0.25 | EWD | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.7% | 11.5% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 871 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EUFN and EWD hold 6% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
6% in common
Only in one fund ↓
Side by side
EUFN and EWD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EUFN and EWD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EUFN follows MSCI Europe Financials Index and EWD follows MSCI Sweden 25/50 Index.
- Holdings in common. 6% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EUFN returned +16.6% and EWD +8.5% with distributions reinvested, a gap of 8.1 points.
Data as of Oct 28, 2026.
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EUFN
EUFN tracks an index. Over the year to Oct 28, 2026 it returned +16.6% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.49% 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 93 positions, with the top ten at 43.6%. It sat 11.7% below its high of Sep 3, 2026 on Oct 28, 2026.
EWD
EWD tracks an index. Over the year to Oct 28, 2026 it returned +8.5% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.51% 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 42 positions, with the top ten at 58.8%. It sat 5.4% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EUFN or EWD?
- In the year to Oct 28, 2026, with distributions reinvested, EUFN returned +16.6% and EWD +8.5%.
- Which is cheaper, EUFN or EWD?
- EUFN is cheaper, by 0.02 percentage points a year. That is about $2 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, EUFN against EWD, data as of Oct 28, 2026. https://etfiq.com/compare/any/eufn-vs-ewd
ETFIQ. (Oct 28, 2026). EUFN against EWD. Retrieved from https://etfiq.com/compare/any/eufn-vs-ewd
[EUFN against EWD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eufn-vs-ewd)
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