---
ticker: "EWD"
name: "iShares MSCI Sweden ETF"
url: "https://etf.net/etf/EWD"
grade: "B"
score: 58
graded_at: "2026-10-12"
category: "Europe Region"
category_rank: "8 of 12"
methodology: "https://etf.net/methodology"
---

# EWD: iShares MSCI Sweden ETF

Grade **B**, Score 58 of 100. Rank 8 of 12 in Europe Region.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 47 | 7 of 12 |
| Mission | 92 | 8 of 11 |
| Risk | 31 | 11 of 12 |
| Tradability | 62 | 5 of 12 |
| Holdings | 40 | 9 of 12 |
| Durability | 69 | 4 of 12 |

## Top holdings

The fund holds 44 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SPOT | Spotify Technology | 10.52% |
| 2 | INVE-B.ST | Investor Class B | 9.65% |
| 3 | ATCO-A.ST | Atlas Copco Class A | 7.14% |
| 4 | VOLV-B.ST | Volvo Class B | 6.62% |
| 5 | SAND.ST | Sandvik | 5.04% |
| 6 | SWED-A.ST | Swedbank | 4.46% |
| 7 | SEB-A.ST | Skandinaviska Enskilda Banken | 4.44% |
| 8 | ASSA-B.ST | Assa Abloy B | 4.41% |
| 9 | ATCO-B.ST | Atlas Copco Class B | 3.67% |
| 10 | ERIC-B.ST | Ericsson B | 3.42% |
| 11 | HEXA-B.ST | Hexagon Class B | 2.90% |
| 12 | SHB-A.ST | Svenska Handelsbanken-A Shs | 2.84% |
| 13 | SAAB-B.ST | Saab Class B | 2.58% |
| 14 | EPI-A.ST | Epiroc Class A | 2.25% |
| 15 | ALFA.ST | Alfa Laval | 2.24% |
| 16 | BOL.ST | Boliden | 2.08% |
| 17 | ESSITY-B.ST | Essity Class B | 2.05% |
| 18 | EQT.ST | Eqt | 1.81% |
| 19 | EVO.ST | Evolution | 1.40% |
| 20 | TELIA.ST | Telia Company | 1.36% |
| 21 | SKF-B.ST | Skf B | 1.22% |
| 22 | TREL-B.ST | Trelleborg B | 1.19% |
| 23 | SKA-B.ST | Skanska B | 1.16% |
| 24 | EPI-B.ST | Epiroc Class B | 1.13% |
| 25 | TEL2-B.ST | TELE2 B | 1.11% |
| 26 | ADDT-B.ST | Addtech Class B | 1.11% |
| 27 | SOBI.ST | Swedish Orphan Biovitrum | 1.09% |
| 28 | INDU-C.ST | Industrivarden Series | 1.06% |
| 29 | HM-B.ST | Hennes & Mauritz | 1.06% |
| 30 | SECU-B.ST | Securitas B | 1.00% |

Source: etf.net, https://etf.net/etf/EWD. Please cite the page URL.