Data as of Oct 28, 2026.
EWG vs IEV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWG returned +2.2% to IEV's +10.3%; 13% of their weight is in the same names.
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Net assets: $1.5bn on Oct 28, 2026 for iShares MSCI Germany ETF, and $1.6bn on Oct 27, 2026 for iShares Europe ETF.
Pair scorecard
EWG costs 0.11 points a year less; their one-year returns differ by 8.1 points.
| Measure | EWG | IEV |
|---|---|---|
| Return | ||
| Total return, 1 year | +2.2% | +10.3% |
| Drawdown | ||
| Below its high | 6.3%, high on Aug 28, 2026 | 6.0%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | MSCI Germany 25/50 Index | S&P Europe 350 |
| Cost and size | ||
| Expense ratio | 0.49% | 0.60% |
| Net assets, as of Oct 26, 2026 | $1.5bn | $1.5bn |
| Holdings | ||
| Holdings in common | 13% | |
| Top ten holdings, share of the fund | 63.4% | 22.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 4, 2000 to Oct 23, 2026 · 1,368 weekly returnsIEV returned more: +271.8% to +238.9%. IEV swung less: 20.5% to 24.2%. EWG and IEV fell about the same at their worst: −62.7% and −61.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWG | IEV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +238.9% | +271.8% | IEV | Price change plus distributions, reinvested. |
| Annualized | +4.7% | +5.1% | IEV (slight) | Total return as a yearly rate. |
| Price return | +75.6% | +85.5% | IEV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.2% | 20.5% | IEV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.4% | 14.9% | IEV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −62.7% | −61.9% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.24 | 0.26 | IEV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.33 | 0.36 | IEV (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.08 | 0.08 | IEV (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,368 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWG and IEV hold 13% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
13% in common
Only in one fund ↓
Side by side
EWG and IEV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWG and IEV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EWG follows MSCI Germany 25/50 Index and IEV follows S&P Europe 350.
- Holdings in common. 13% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWG returned +2.2% and IEV +10.3% with distributions reinvested, a gap of 8.1 points.
Data as of Oct 28, 2026.
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EWG
EWG tracks an index. Over the year to Oct 28, 2026 it returned +2.2% 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 52 positions, with the top ten at 63.4%. It sat 6.3% below its high of Aug 28, 2026 on Oct 28, 2026.
IEV
IEV tracks an index. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.60% 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 364 positions, with the top ten at 22.2%. It sat 6.0% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWG or IEV?
- In the year to Oct 28, 2026, with distributions reinvested, EWG returned +2.2% and IEV +10.3%.
- Which is cheaper, EWG or IEV?
- EWG is cheaper, by 0.11 percentage points a year. That is about $11 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.
Cite this pageCitation, APA and Markdown
ETFIQ, EWG against IEV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewg-vs-iev
ETFIQ. (Oct 28, 2026). EWG against IEV. Retrieved from https://etfiq.com/compare/any/ewg-vs-iev
[EWG against IEV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewg-vs-iev)
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