The Europe ETFs that lost the most
Over twelve months to May 2026, EWG lost the most of 64 Europe ETFs with SEC filings for every month, $1.3bn.
Coverage
Twelve-month list: 64 funds with SEC filings for every month to May 2026, 70.2% of the group’s net assets. 1 funds’ filings report flows for the whole fund, all share classes, so they are not ranked here: VGK
Rank change
Against the last edition of this list: the previous trading day for 1W and 1M, the previous month for 12M. "new" means not in the top 25 last time
How these lists are built
Measure
Net flow: money in less money out, in dollars, over the window, leaving any round trip aside
12 months · Jun 2025 to May 2026
From SEC filings · 31 funds · the last month every filer has reportedFilings run about 60 days behind, so this list ends at the latest month every fund in the group has filed, printed in the heading and the title. Rank change is against last month’s edition.
| # | Fund | Name | Net flow | Share of assets | Rank change |
|---|---|---|---|---|---|
| 1 | EWG | iShares MSCI Germany ETF | −$1.3bn | · | same |
| 2 | EUFN | iShares MSCI Europe Financials ETF | −$1.0bn | · | ▲ 3 |
| 3 | IEV | iShares Europe ETF | −$749m | · | ▼ 1 |
| 4 | FEZ | State Street SPDR EURO STOXX 50 ETF | −$726m | · | ▼ 1 |
| 5 | SPEU | State Street SPDR Portfolio Europe ETF | −$203m | · | ▼ 1 |
| 6 | HEDJ | WisdomTree Europe Hedged Equity Fund | −$178m | · | ▲ 1 |
| 7 | EWD | iShares MSCI Sweden ETF | −$84.9m | · | ▲ 1 |
| 8 | EWU | iShares MSCI United Kingdom ETF | −$77.0m | · | ▼ 2 |
| 9 | FLGB | Franklin FTSE United Kingdom ETF | −$63.7m | · | same |
| 10 | GREK | Global X MSCI Greece ETF | −$49.9m | · | ▲ 3 |
| 11 | EWQ | iShares MSCI France ETF | −$48.2m | · | new |
| 12 | DAX | Global X DAX Germany ETF | −$43.7m | · | new |
| 13 | EWP | iShares MSCI Spain ETF | −$39.5m | · | new |
| 14 | HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | −$39.3m | · | new |
| 15 | FSZ | First Trust Switzerland AlphaDEX Fund | −$31.4m | · | ▼ 5 |
| 16 | FKU | First Trust United Kingdom AlphaDEX Fund | −$28.0m | · | ▼ 4 |
| 17 | EDEN | iShares MSCI Denmark ETF | −$23.0m | · | ▼ 6 |
| 18 | FLGR | Franklin FTSE Germany ETF | −$18.8m | · | ▼ 1 |
| 19 | DFE | WisdomTree Europe SmallCap Dividend Fund | −$17.9m | · | ▼ 5 |
| 20 | EUDG | WisdomTree Europe Quality Dividend Growth Fund | −$15.5m | · | ▼ 5 |
| 21 | DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | −$12.9m | · | ▼ 5 |
| 22 | GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | −$6.4m | · | ▼ 4 |
| 23 | PTEU | Pacer Trendpilot European Index ETF | −$6.1m | · | ▼ 3 |
| 24 | EWO | iShares MSCI Austria ETF | −$6.0m | · | new |
| 25 | EIRL | iShares MSCI Ireland ETF | −$2.1m | · | ▼ 6 |
SEC Form N-PORT, item B.6, monthly, every fund with a filing for every month of the window.CSV
Other flow rankings
ETFIQ, The Europe ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/segment/europe/outflows/
ETFIQ is an independent publisher and makes no recommendations; a rank is a sort of one published figure, not an opinion.