Which returned more over the last year, EWI or IEUR?

In the year to Oct 28, 2026, with distributions reinvested, EWI returned +11.1% and IEUR +10.1%.

Which is cheaper, EWI or IEUR?

IEUR is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do EWI and IEUR overlap with the S&P 500?

By their latest filed holdings, 0% of EWI and 0% of IEUR by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EWI vs IEUR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWI returned +11.1% to IEUR's +10.1%; 4% of their weight is in the same names.

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Net assets on Oct 27, 2026: $1.2bn for iShares MSCI Italy ETF and $9.4bn for iShares Core MSCI Europe ETF.

EWI on its own →IEUR on its own →

At a glance

+11.1%

EWI total return, 1 year

+10.1%

IEUR total return, 1 year

0.50%

EWI expense ratio

0.10%

IEUR expense ratio

Pair scorecard

IEUR costs 0.40 points a year less; their one-year returns differ by 1.0 point; IEUR is 7.8 times larger.

EWI vs IEUR: Differences, Returns & Fees
Measure	EWI	IEUR
Return
Measure	EWI	IEUR
Total return, 1 year	+11.1%	+10.1%
Drawdown
Measure	EWI	IEUR
Below its high	11.4%, high on Aug 7, 2026	5.9%, high on Aug 25, 2026
Benchmark
Measure	EWI	IEUR
What it tracks	MSCI Italy 25/50 Index	MSCI Europe IMI
Cost and size
Measure	EWI	IEUR
Expense ratio	0.50%	0.10%
Net assets, as of Oct 27, 2026	$1.2bn	$9.4bn
Holdings
Measure	EWI	IEUR
Holdings in common	4%
Top ten holdings, share of the fund	72.7%	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 ACWX

EWI IEUR

Return

Total return edge EWI +127.4% +108.5%

Annualized edge EWI +6.9% +6.1%

Price return edge EWI +52.5% +45.6%

Risk

Volatility edge IEUR 22.3% 18.1%

Max drawdown edge IEUR −41.6% −36.5%

Downside capture 108.0% 100.7%

Beta 1.16 1.05

Risk-adjusted

Sharpe edge EWI (slight) 0.32 0.31

Sortino edge EWI (slight) 0.44 0.42

Treynor 0.061 0.053

Calmar edge Tie 0.17 0.17

Against the benchmark

Alpha +1.0% a year 0.0% a year

Alpha t-stat 0.29 −0.01

Information ratio 0.15 0.05

Tracking error 11.8% 5.6%

Reading

EWI returned more: +127.4% to +108.5%. IEUR swung less: 18.1% to 22.3%. IEUR fell less at its worst: −36.5% to −41.6%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: EWI vs IEUR: Differences, Returns & Fees
Measure	EWI	IEUR	ACWX	Edge	How it is measured
Return
Total return	+127.4%	+108.5%		EWI	Price change plus distributions, reinvested.
Annualized	+6.9%	+6.1%		EWI	Total return as a yearly rate.
Price return	+52.5%	+45.6%		EWI	Price change alone, distributions left out.
Risk
Volatility	22.3%	18.1%		IEUR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.0%	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	121.6%	101.1%	100.0%	EWI	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	108.0%	100.7%	100.0%	IEUR (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.16	1.05	1.00	IEUR lower	How far it moves for each 1% its benchmark moves.
R squared	0.73	0.91	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.32	0.31		EWI (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.44	0.42		EWI (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.061	0.053	0.053	EWI	Return above Treasury bills per unit of beta.
Calmar	0.17	0.17		Tie	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWX	ACWX	ACWX		The ETF each fund is measured against.
Alpha	+1.0% a year	0.0% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.29	−0.01		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−5.5% to +7.4%	−3.1% to +3.1%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.15	0.05		EWI	Return against its benchmark per unit of tracking error.
Tracking error	11.8%	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, EWI and IEUR hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first EWI IEUR

UNICREDIT 16.68% 0.74%

INTESA SANPAOLO 14.05% 0.62%

ENEL 11.63% 0.52%

ENI 5.34% 0.35%

FERRARI 4.65% 0.31%

ASSICURAZIONI GENERALI 4.84% 0.23%

PRYSMIAN 4.15% 0.22%

BANCA MONTE DEI PASCHI DI SIENA SP 3.88% 0.15%

LEONARDO FINMECCANICA SPA 3.75% 0.15%

BPER BANCA 3.50% 0.14%

POSTE ITALIANE 3.76% 0.13%

BANCO BPM 2.60% 0.10%

Only in one fund ↓

Only in EWI

FTSE/MIB INDEX DEC 26 0.00%

Only in IEUR

ASML HOLDING 4.17%

ROCHE PS PAR AG 2.22%

SHELL 1.98%

HSBC HOLDINGS PLC 1.94%

NOVARTIS AG 1.87%

NESTLE SA 1.70%

ASTRAZENECA PLC 1.69%

SAP 1.58%

Check overlap with more funds →

Side by side

EWI iShares MSCI Italy ETF IEUR iShares Core MSCI Europe ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index Tracks an index

Total return, 1 year +11.1% +10.1%

Its benchmark over the same days +14.3% (ACWX) +14.3% (ACWX)

Gap to its benchmark −3.2 pts vs ACWX −4.2 pts vs ACWX

Expense ratio 0.50% 0.10%

Already in the S&P 500 0.0% 0.0%

Holdings 26 1012

Net assets, as of Oct 27, 2026 $1.2bn $9.4bn

EWI and IEUR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-CBA13874C7

EWI and IEUR are built for the same job. How do they differ in cost, holdings and results?

What each follows. EWI follows MSCI Italy 25/50 Index and IEUR follows MSCI Europe IMI.
Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026).
Number of holdings. EWI holds 26 positions and IEUR holds 1012.

Data as of Oct 28, 2026.

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About each fund

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.

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, EWI or IEUR?: In the year to Oct 28, 2026, with distributions reinvested, EWI returned +11.1% and IEUR +10.1%.
Which is cheaper, EWI or IEUR?: IEUR is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWI and IEUR overlap with the S&P 500?: By their latest filed holdings, 0% of EWI and 0% of IEUR by weight is stocks the S&P 500 already holds.

Other comparisons

EWI vs IDV EWI vs EZU BBEU vs EWI EWI vs FEZ IEUR vs IEV EWP vs IEUR EWL vs IEUR EWU vs IEUR

Where to next

EWI on its own →IEUR on its own →Hold both: look the portfolio through →Rankings →EWI dividend history →EWI holdings →IEUR dividend history →IEUR holdings →Standards and sources →

Sources and dates

EWI filings on SEC EDGAR ↗

EWI prospectus with the expense ratio (SEC) ↗

iShares page for EWI ↗

IEUR filings on SEC EDGAR ↗

IEUR prospectus with the expense ratio (SEC) ↗

iShares page for IEUR ↗

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, EWI against IEUR, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewi-vs-ieur

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