Which returned more over the last year, EWP or HDEF?

In the year to Oct 28, 2026, with distributions reinvested, EWP returned +15.6% and HDEF +17.8%.

Which is cheaper, EWP or HDEF?

HDEF 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.

How much do EWP and HDEF overlap with the S&P 500?

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

Data as of Oct 28, 2026.

Across categories

EWP vs HDEF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWP returned +15.6% to HDEF's +17.8%; 7% of their weight is in the same names.

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Net assets on Oct 27, 2026: $2.0bn for iShares MSCI Spain ETF and $2.3bn for Xtrackers MSCI EAFE High Dividend Yield Equity ETF.

EWP on its own →HDEF on its own →

At a glance

+15.6%

EWP total return, 1 year

+17.8%

HDEF total return, 1 year

0.50%

EWP expense ratio

0.09%

HDEF expense ratio

Pair scorecard

HDEF costs 0.41 points a year less; their one-year returns differ by 2.2 points; HDEF is 1.2 times larger.

EWP vs HDEF: Differences, Returns & Fees
Measure	EWP	HDEF
Return
Measure	EWP	HDEF
Total return, 1 year	+15.6%	+17.8%
Drawdown
Measure	EWP	HDEF
Below its high	10.2%, high on Aug 24, 2026
Benchmark
Measure	EWP	HDEF
What it tracks	MSCI Spain 25/50 Index	MSCI EAFE High Dividend Yield Index
Cost and size
Measure	EWP	HDEF
Expense ratio	0.50%	0.09%
Net assets, as of Oct 27, 2026	$2.0bn	$2.3bn
Holdings
Measure	EWP	HDEF
Holdings in common	7%
Top ten holdings, share of the fund	73.9%	41.1%

Holdings in common uses holdings dated May 29, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, EWP and HDEF hold 7% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Oct 27, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first EWP HDEF

IBERDROLA 13.78% 3.37%

BANCO SANTANDER 17.78% 2.34%

REPSOL 4.81% 0.70%

NATURGY ENERGY GROUP SA 3.24% 0.33%

INTERNATIONAL AIRLINES GROUP 1.76% 0.30%

MAPFRE SA 1.55% 0.12%

Only in one fund ↓

Only in EWP

BANCO BILBAO VIZCAYA ARGENTARIA 13.20%

INDUSTRIA DE DISENO TEXTIL SA 4.53%

AMADEUS IT GROUP 4.26%

CAIXABANK SA 4.20%

FERROVIAL NV 4.00%

AENA SME SA 3.75%

BANCO DE SABADELL 3.57%

ENDESA SA 3.31%

Only in HDEF

ROCHE HOLDING AG 5.02%

NESTLE' SA/AG 4.99%

NOVARTIS AG 4.98%

SHELL PLC 4.75%

TOTALENERGIES SE 4.21%

ALLIANZ SE 4.14%

NOVO NORDISK A/S 3.59%

BRITISH AMERICAN TOBACCO PLC 3.04%

Check overlap with more funds →

Side by side

EWP iShares MSCI Spain ETF HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Xtrackers

What it is Tracks an index Tracks an index

Total return, 1 year +15.6% +17.8%

Its benchmark over the same days +14.3% (ACWX) +12.1% (EFA)

Gap to its benchmark +1.3 pts vs ACWX +5.7 pts vs EFA

Expense ratio 0.50% 0.09%

Already in the S&P 500 0.0% 0.0%

Holdings 25 114

Net assets, as of Oct 27, 2026 $2.0bn $2.3bn

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

Alert

About each fund

EWP

EWP tracks an index. Over the year to Oct 28, 2026 it returned +15.6% 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 25 positions, with the top ten at 73.9%. It sat 10.2% below its high of Aug 24, 2026 on Oct 28, 2026.

HDEF

HDEF tracks an index. Over the year to Oct 28, 2026 it returned +17.8% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 29, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 114 positions, with the top ten at 41.1%.

Questions people ask

Which returned more over the last year, EWP or HDEF?: In the year to Oct 28, 2026, with distributions reinvested, EWP returned +15.6% and HDEF +17.8%.
Which is cheaper, EWP or HDEF?: HDEF 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.
How much do EWP and HDEF overlap with the S&P 500?: By their latest filed holdings, 0% of EWP and 0% of HDEF by weight is stocks the S&P 500 already holds.

Other comparisons

EWP vs HEDJ EWP vs IEV EPOL vs EWP EWP vs VGK HDEF vs HEDJ HDEF vs IEV EUFN vs HDEF EWD vs HDEF

Where to next

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

Sources and dates

EWP filings on SEC EDGAR ↗

EWP prospectus with the expense ratio (SEC) ↗

iShares page for EWP ↗

HDEF filings on SEC EDGAR ↗

HDEF prospectus with the expense ratio (SEC) ↗

Xtrackers website ↗

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, EWP against HDEF, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewp-vs-hdef

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.