Data as of Oct 28, 2026.
EZU vs IWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, EZU returned +7.1% to IWO's +7.9%; 1% of their weight is in the same names.
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Net assets on Oct 27, 2026: $9.2bn for iShares MSCI Eurozone ETF and $14.0bn for iShares Russell 2000 Growth ETF.
Pair scorecard
IWO costs 0.26 points a year less; their one-year returns differ by 0.8 points; IWO is 1.5 times larger.
| Measure | EZU | IWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.1% | +7.9% |
| Drawdown | ||
| Below its high | 8.7%, high on Aug 14, 2026 | 9.9%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | MSCI EMU Index | Russell 2000 Growth Index |
| Cost and size | ||
| Expense ratio | 0.50% | 0.24% |
| Net assets, as of Oct 27, 2026 | $9.2bn | $14.0bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 30.5% | 6.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 12, 2001 to Oct 23, 2026 · 1,345 weekly returnsEach against its own benchmark: EZU against ACWX, Apr 11, 2008 to Oct 23, 2026; IWO against VTWG, Oct 1, 2010 to Oct 23, 2026.
IWO returned more: +530.2% to +238.6%. EZU swung slightly less: 22.7% to 23.5%. IWO fell less at its worst: −56.5% to −64.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EZU | IWO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +238.6% | +530.2% | IWO | Price change plus distributions, reinvested. |
| Annualized | +4.8% | +7.4% | IWO | Total return as a yearly rate. |
| Price return | +75.4% | +432.3% | IWO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.7% | 23.5% | EZU (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.5% | 16.7% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −64.2% | −56.5% | IWO | Deepest fall from a high to the low after it. |
| Upside capture | 119.8% | 100.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 107.7% | 100.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.12 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.88 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.24 | 0.35 | IWO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.34 | 0.49 | IWO | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.046 | 0.111 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.08 | 0.13 | IWO | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWX | VTWG | The ETF each fund is measured against. | |
| Alpha | −0.5% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.24 | 0.06 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.2% to +3.3% | −0.7% to +0.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.02 | 0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.6% | 1.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,345 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EZU and IWO hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
1% in common
Only in one fund ↓
Side by side
EZU and IWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EZU and IWO do different jobs. What does each one do in a portfolio?
- What each follows. EZU follows MSCI EMU Index and IWO follows Russell 2000 Growth Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. EZU holds 216 positions and IWO holds 1122.
Data as of Oct 28, 2026.
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EZU
EZU tracks the MSCI Eurozone. Over the year to Oct 28, 2026 it returned +7.1% 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 216 positions, with the top ten at 30.5%. It sat 8.7% below its high of Aug 14, 2026 on Oct 28, 2026.
IWO
IWO tracks the Russell 2000 Growth. Over the year to Oct 28, 2026 it returned +7.9% with distributions reinvested, against +8.0% for its benchmark, the Russell 2000 Growth Index. The prospectus expense ratio is 0.24% 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 1,122 positions, with the top ten at 6.4%. It sat 9.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EZU or IWO?
- In the year to Oct 28, 2026, with distributions reinvested, EZU returned +7.1% and IWO +7.9%.
- Which is cheaper, EZU or IWO?
- IWO is cheaper, by 0.26 percentage points a year. That is about $26 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, EZU against IWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ezu-vs-iwo
ETFIQ. (Oct 28, 2026). EZU against IWO. Retrieved from https://etfiq.com/compare/any/ezu-vs-iwo
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