Data as of Oct 28, 2026.
EUFN vs EWL: Differences, Returns & Fees
Over the year to Oct 28, 2026, EUFN returned +16.6% to EWL's +14.5%; 12% of their weight is in the same names.
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Net assets: $3.0bn on Oct 27, 2026 for iShares MSCI Europe Financials ETF, and $3.0bn on Oct 28, 2026 for iShares MSCI Switzerland ETF.
Pair scorecard
EUFN costs 0.01 points a year less; their one-year returns differ by 2.1 points.
| Measure | EUFN | EWL |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.6% | +14.5% |
| Drawdown | ||
| Below its high | 11.7%, high on Sep 3, 2026 | |
| Benchmark | ||
| What it tracks | MSCI Europe Financials Index | MSCI Switzerland 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.50% |
| Net assets, as of Oct 26, 2026 | $3.0bn | $2.9bn |
| Holdings | ||
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 43.6% | 65.3% |
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 ACWXEWL returned more: +328.9% to +242.7%. EWL swung less: 16.3% to 25.5%. EWL fell less at its worst: −28.3% to −52.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EUFN | EWL | ACWX | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +242.7% | +328.9% | EWL | Price change plus distributions, reinvested. | |
| Annualized | +7.6% | +9.1% | EWL | Total return as a yearly rate. | |
| Price return | +84.5% | +199.4% | EWL | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 25.5% | 16.3% | EWL | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 17.9% | 11.5% | EWL | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −52.7% | −28.3% | EWL | Deepest fall from a high to the low after it. | |
| Upside capture | 147.1% | 80.7% | 100.0% | EUFN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 116.1% | 85.9% | 100.0% | EWL | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.30 | 0.83 | 1.00 | EWL lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.75 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.36 | 0.52 | EWL | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.51 | 0.74 | EWL | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.070 | 0.102 | 0.065 | EWL | Return above Treasury bills per unit of beta. |
| Calmar | 0.14 | 0.32 | EWL | 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 | +3.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.21 | 1.56 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.4% to +6.8% | −0.8% to +7.0% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.19 | 0.24 | EWL | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.7% | 8.6% | 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 EWL hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
12% in common
Only in one fund ↓
Side by side
EUFN and EWL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EUFN and EWL 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 EWL follows MSCI Switzerland 25/50 Index.
- Holdings in common. 12% 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 EWL +14.5% with distributions reinvested, a gap of 2.1 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.
EWL
EWL tracks an index. Over the year to Oct 28, 2026 it returned +14.5% 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 43 positions, with the top ten at 65.3%.
Questions people ask
- Which returned more over the last year, EUFN or EWL?
- In the year to Oct 28, 2026, with distributions reinvested, EUFN returned +16.6% and EWL +14.5%.
- Which is cheaper, EUFN or EWL?
- EUFN is cheaper, by 0.01 percentage points a year. That is about $1 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 EWL, data as of Oct 28, 2026. https://etfiq.com/compare/any/eufn-vs-ewl
ETFIQ. (Oct 28, 2026). EUFN against EWL. Retrieved from https://etfiq.com/compare/any/eufn-vs-ewl
[EUFN against EWL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eufn-vs-ewl)
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