Data as of Oct 28, 2026.
EWL vs IEV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWL returned +14.5% to IEV's +10.3%; 15% of their weight is in the same names.
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Net assets: $3.0bn on Oct 28, 2026 for iShares MSCI Switzerland ETF, and $1.6bn on Oct 27, 2026 for iShares Europe ETF.
Pair scorecard
EWL costs 0.10 points a year less; their one-year returns differ by 4.2 points; EWL is 1.9 times larger.
| Measure | EWL | IEV |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +10.3% |
| Drawdown | ||
| Below its high | 6.0%, high on Aug 25, 2026 | |
| Benchmark | ||
| What it tracks | MSCI Switzerland 25/50 Index | S&P Europe 350 |
| Cost and size | ||
| Expense ratio | 0.50% | 0.60% |
| Net assets, as of Oct 26, 2026 | $2.9bn | $1.5bn |
| Holdings | ||
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 65.3% | 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 returnsEWL returned more: +515.4% to +271.8%. EWL swung less: 18.2% to 20.5%. EWL fell less at its worst: −50.5% to −61.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWL | IEV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +515.4% | +271.8% | EWL | Price change plus distributions, reinvested. |
| Annualized | +7.2% | +5.1% | EWL | Total return as a yearly rate. |
| Price return | +292.6% | +85.5% | EWL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.2% | 20.5% | EWL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.9% | 14.9% | EWL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −50.5% | −61.9% | EWL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.37 | 0.26 | EWL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.53 | 0.36 | EWL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.08 | EWL | 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, EWL and IEV hold 15% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
15% in common
Only in one fund ↓
Side by side
EWL and IEV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWL and IEV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EWL follows MSCI Switzerland 25/50 Index and IEV follows S&P Europe 350.
- Holdings in common. 15% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWL returned +14.5% and IEV +10.3% with distributions reinvested, a gap of 4.2 points.
Data as of Oct 28, 2026.
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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%.
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, EWL or IEV?
- In the year to Oct 28, 2026, with distributions reinvested, EWL returned +14.5% and IEV +10.3%.
- Which is cheaper, EWL or IEV?
- EWL 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.
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ETFIQ, EWL against IEV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewl-vs-iev
ETFIQ. (Oct 28, 2026). EWL against IEV. Retrieved from https://etfiq.com/compare/any/ewl-vs-iev
[EWL against IEV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewl-vs-iev)
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