Data as of Oct 28, 2026.
EWI vs IEV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWI returned +11.1% to IEV's +10.3%; 5% 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 $1.6bn for iShares Europe ETF.
Pair scorecard
EWI costs 0.10 points a year less; their one-year returns differ by 0.8 points; IEV is 1.3 times larger.
| Measure | EWI | IEV |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.1% | +10.3% |
| Drawdown | ||
| Below its high | 11.4%, high on Aug 7, 2026 | 6.0%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | MSCI Italy 25/50 Index | S&P Europe 350 |
| Cost and size | ||
| Expense ratio | 0.50% | 0.60% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $1.6bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 72.7% | 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 +176.6%. IEV swung less: 20.5% to 24.9%. IEV fell less at its worst: −61.9% to −69.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWI | IEV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +176.6% | +271.8% | IEV | Price change plus distributions, reinvested. |
| Annualized | +3.9% | +5.1% | IEV | Total return as a yearly rate. |
| Price return | +14.5% | +85.5% | IEV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.9% | 20.5% | IEV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.2% | 14.9% | IEV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −69.2% | −61.9% | IEV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.21 | 0.26 | IEV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.29 | 0.36 | IEV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.06 | 0.08 | IEV | 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, EWI and IEV 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
EWI and IEV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWI and IEV 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 IEV follows S&P Europe 350.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. EWI holds 26 positions and IEV holds 364.
Data as of Oct 28, 2026.
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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.
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, EWI or IEV?
- In the year to Oct 28, 2026, with distributions reinvested, EWI returned +11.1% and IEV +10.3%.
- Which is cheaper, EWI or IEV?
- EWI is cheaper, by 0.10 percentage points a year. That is about $10 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, EWI against IEV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewi-vs-iev
ETFIQ. (Oct 28, 2026). EWI against IEV. Retrieved from https://etfiq.com/compare/any/ewi-vs-iev
[EWI against IEV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewi-vs-iev)
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