Skip to content
etf.net

EWL

GradeBNew York Stock Exchange Arca

iShares MSCI Switzerland ETF

Countries & Regions · IShares · Inception 1996-03-11 · SEC filings

$60.45−0.73 (−1.20%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 61.18 to 60.45. Range 60.22 to 60.88. Use the arrow keys to read each point.$60.20$60.60$60.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$2.4B
1Y return
+12.0%
Yield · Last 12 months
1.78%
Holdings
40
Volume · 30D
0.5M sh
NAV per share
$60.79
52W range
low $53.70high $65.53

The ETF.net EWL Grade

B

65/ 100

Rank 5 of 12 in Europe Region⁠

Confidence High

Six-pillar profile for EWL. Scores out of 100: Cost 59, Risk 59, Mission 75, Tradability 87, Holdings 29, Durability 78. Strongest: Tradability (87). Weakest: Holdings (29). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 59
    Category rank5/12 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 75
    Category rank9/11 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank5/12 · top 42%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 87
    Category rank1/12 · top 8%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 29
    Category rank11/12 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 78
    Category rank2/12 · top 17%

Graded as of Sep 22, 2026

Our read on EWL

ETF.net Research

BOne US-listed ticker for Switzerland's blue chips: roughly 40 names, franc exposure included, running since 1996. A concentrated slice of a defensive market rather than a broad Europe fund.

Stated mandate

The fund seeks to track the MSCI Switzerland 25/50 Index (Net), an index representing Swiss equities.

Why people hold it

  1. 010.50% a year, below the median fee in its single-country Europe peer group.
  2. 02Listed since 1996 and now a multi-billion-dollar fund that trades at a moderate clip. Not a thin, fragile ticker.
  3. 03Plain wiring: it tracks the capped MSCI Switzerland 25/50 index, no currency hedge and no factor tilt bolted on.
  4. 04Ranks in the upper half of its single-country Europe cohort, ahead of hedged and factor-tilted takes on the region.

Worth knowing

  1. 01Roughly 40 stocks, and the index's capping rules only limit how far the biggest names run. Concentration is the price of pure Swiss exposure.
  2. 02No currency hedge, so Swiss franc moves against the dollar flow straight into results, unlike hedged cousins such as HEDJ.
  3. 03Single-country funds carry single-country fees: 0.50% is friendly for this group, but the cheapest name in it, DAX, runs 0.20%.

EWL Holdings

As of Sep 22, 2026, 3:23 AM
Asset class
Stocks
Holdings
40
Top-10 weight
65%
Largest holding
ROP.SW14.2%

Sectors

  • Health Care37.5%
  • Financials20.6%
  • Cons. Staples13.3%
  • Industrials11.8%
  • Materials7.5%
  • Consumer Discr.5.9%
  • Communication1.2%
  • Technology1.0%
  • Real Estate0.9%
  • Utilities0.4%

Geography

  • Switzerland100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ROP.SWROCHE PS PAR AG14.20%763,599$331M196
002NOVN.SWNOVARTIS AG11.88%1,980,510$277M183
003NESN.SWNESTLE SA11.02%2,773,089$257M162
004UBSG.SWUBS GROUP AG6.61%3,053,332$154M137
005ZURN.SWZURICH INSURANCE GROUP AG4.70%150,980$109M153
006ABBN.SWABB LTD4.60%1,102,170$107M180
007CFR.SWCOMPAGNIE FINANCIERE RICHEMONT SA4.20%477,745$98M129
008SREN.SWSWISS RE AG2.79%386,016$65M120
009LONN.SWLONZA GROUP AG2.68%94,130$62M116
010HOLN.SWHOLCIM LTD AG2.39%679,546$56M120
011GIVN.SWGIVAUDAN SA2.18%12,885$51M112
012GALD.SWGALDERMA GROUP N AG2.12%256,621$49M131
013SIKA.SWSIKA AG2.09%219,631$49M110
014SDZ.SWSANDOZ GROUP AG2.07%577,485$48M111
015ALC.SWALCON AG1.94%693,973$45M99

Showing 1–15 of 44 holdings

EWL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EWL$11,204
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EWL $11,204. SPY $11,723. Use the arrow keys to read each point.$9,346$10,690$12,034Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EWL. Periods over one year show the average yearly return.
PeriodEWL
Year to date+3.8%
1 month−4.9%
3 months−0.1%
1 year+12.0%
3 years+13.5%per year
5 years+6.9%per year
10 years+9.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EWL
YearReturn barEWL
2026 YTD+3.8%
2025+32.9%
2024−2.8%
2023+17.7%
2022−18.9%
2021+20.2%
2020+11.8%

EWL in the news

ETF.net Research hasn’t filed on EWL yet — coverage lands here as it’s written.

EWL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.78%Last 12 months
Payout per share
$1.09Last 12 months
Last payment
$1.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 11 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.73; Jun 19, 2018 $0.81; Jun 17, 2019 $0.75; Jun 15, 2020 $0.62; Dec 14, 2020 $0.02; Jun 10, 2021 $0.92; Jun 9, 2022 $0.86; Jun 7, 2023 $1.02; Jun 11, 2024 $1.02; Jun 16, 2025 $1.02; Jun 15, 2026 $1.09. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$1.09
Jun 16, 2025Jun 20, 2025$1.02
Jun 11, 2024Jun 17, 2024$1.02
Jun 7, 2023Jun 13, 2023$1.02
Jun 9, 2022Jun 15, 2022$0.86
Jun 10, 2021Jun 16, 2021$0.92
Dec 14, 2020Dec 18, 2020$0.02
Jun 15, 2020Jun 19, 2020$0.62
Jun 17, 2019Jun 21, 2019$0.75
Jun 19, 2018Jun 25, 2018$0.81
Jun 20, 2017Jun 26, 2017$0.73
Dec 21, 2016Dec 28, 2016$0.02

EWL Risk

How much the fund’s monthly returns vary, scaled to a year.
14.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.59
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.0%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.90
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EWL Cost

Expense ratio0.50%
  • The middle half of Europe Region funds
  • Median 0.51%

4 of the 12 Europe Region funds charge less.

EWL costs $50.00 a year on $10,000. The median Europe Region fund costs $50.50.