Data as of Oct 28, 2026.
EWD vs IEUR: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWD returned +8.5% to IEUR's +10.1%; 5% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.1bn for iShares MSCI Sweden ETF and $9.4bn for iShares Core MSCI Europe ETF.
Pair scorecard
IEUR costs 0.41 points a year less; their one-year returns differ by 1.6 points; IEUR is 8.5 times larger.
| Measure | EWD | IEUR |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.5% | +10.1% |
| Drawdown | ||
| Below its high | 5.4%, high on Aug 25, 2026 | 5.9%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | MSCI Sweden 25/50 Index | MSCI Europe IMI |
| Cost and size | ||
| Expense ratio | 0.51% | 0.10% |
| Net assets, as of Oct 27, 2026 | $1.1bn | $9.4bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 58.8% | 19.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 20, 2014 to Oct 23, 2026 · 644 weekly returns · each against ACWXEWD returned slightly more: +113.5% to +108.5%. IEUR swung less: 18.1% to 22.4%. IEUR fell less at its worst: −36.5% to −41.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EWD | IEUR | ACWX | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +113.5% | +108.5% | EWD (slight) | Price change plus distributions, reinvested. | |
| Annualized | +6.3% | +6.1% | EWD (slight) | Total return as a yearly rate. | |
| Price return | +38.9% | +45.6% | IEUR | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 22.4% | 18.1% | IEUR | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 15.7% | 13.1% | IEUR | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −41.6% | −36.5% | IEUR | Deepest fall from a high to the low after it. | |
| Upside capture | 129.0% | 101.1% | 100.0% | EWD | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 111.2% | 100.7% | 100.0% | IEUR (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.21 | 1.05 | 1.00 | IEUR lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.78 | 0.91 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.29 | 0.31 | IEUR (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.42 | 0.42 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.055 | 0.053 | 0.053 | EWD (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.15 | 0.17 | IEUR (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWX | ACWX | ACWX | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.07 | −0.01 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.6% to +6.1% | −3.1% to +3.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.12 | 0.05 | EWD | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.0% | 5.6% | 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, 644 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWD and IEUR hold 5% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
EWD and IEUR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWD and IEUR are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EWD follows MSCI Sweden 25/50 Index and IEUR follows MSCI Europe IMI.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. EWD holds 42 positions and IEUR holds 1012.
Data as of Oct 28, 2026.
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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.
IEUR
IEUR tracks an index. Over the year to Oct 28, 2026 it returned +10.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.10% 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 1,012 positions, with the top ten at 19.8%. It sat 5.9% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWD or IEUR?
- In the year to Oct 28, 2026, with distributions reinvested, EWD returned +8.5% and IEUR +10.1%.
- Which is cheaper, EWD or IEUR?
- IEUR is cheaper, by 0.41 percentage points a year. That is about $41 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, EWD against IEUR, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewd-vs-ieur
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