# Biggest europe ETF outflows: 12 months to May 2026

> Over twelve months to May 2026, EWG lost the most of 64 Europe ETFs with SEC filings for every month, $1.3bn. Ranked over 12 months to May 2026.

Data as of Oct 8, 2026. Rebuilt every trading night.

Flows as of Oct 8, 2026 , the trading day.

Flows ranking · Europe ETFs · money out

## 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 .

Measure Net flow: money in less money out, in dollars, over the window, leaving any round trip aside

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

The inflows list

### 12 months · Jun 2025 to May 2026

From SEC filings · 31 funds · the last month every filer has reported

Filings 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.

### Other flow rankings

### Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ETFIQ is an independent publisher and makes no recommendations; a rank is a sort of one published figure, not an opinion.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, The Europe ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/segment/europe/outflows/
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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