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EWD vs EZU

iShares MSCI Sweden ETF

EWDBNYSE Arca

iShares MSCI Eurozone ETF

EZUACboe

Overlap

Expense ratio

EZU −0.01pt a year

EWD0.51%EZU0.50%

Avg volume · 30D

EZU 3.5×the volume

EWD282KEZU977K

10Y return · a year

EWD +0.6pt

EWD+10.1%EZU+9.5%

EWD vs EZU Performance

Oct 29, 2021 – Oct 30, 2026

+28.2%EWD+49.7%EZU

Oct 29, 2021 to Oct 30, 2026. EWD +28.2%. EZU +49.7%. Use the arrow keys to read each point.−40%−20%0%Oct 2021Apr 2024Oct 2026
Expense ratio
EWD 0.51%
EZU 0.50%, better
Fund size
EWD $1.1B
EZU $9.13B
1Y total return
EWD +12.6%, better
EZU +7.7%
Yield (12M)
EWD 3.44%, better
EZU 2.83%
Holdings
EWD 44
EZU 220
Avg volume (30D)
EWD 282K sh
EZU 977K sh, better
NAV per share
EWD $52.07
EZU $65.37
52W range

ETF.net Grade

EWD: Cost 47, Risk 35, Mission 92, Tradability 65, Holdings 41, Durability 69. EZU: Cost 59, Risk 46, Mission 100, Tradability 89, Holdings 72, Durability 81.
Pillar letters and Scores for EWD, EZU, with each pillar’s weight
PillarEWDEZU
Cost30% weightC47B59Higher
Mission25% weightA92A100Higher
Risk15% weightD35C46Higher
Tradability15% weightB65A89Higher
Holdings10% weightC41A72Higher
Durability5% weightB69A81Higher

Rank among Europe Region funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EWD and EZU are both graded against the same 12 Europe Region funds, so their Grades compare head to head.

Europe Region⁠

Category · 12 funds
See all 12 ›

EZU ranks 2nd and EWD 8th of 12 funds in the Europe Region Category.

  1. Rank 1ASPEUState Street SPDR Portfolio Europe ETFScore 85
  2. Rank 2AEZUiShares MSCI Eurozone ETFScore 74
  3. Rank 3AFLEUFranklin FTSE Eurozone ETFScore 73
  4. Rank 6BEWLiShares MSCI Switzerland ETFScore 64
  5. Rank 8BEWDiShares MSCI Sweden ETFScore 59
  6. Rank 9CHEDJWisdomTree Europe Hedged Equity FundScore 43

Our read on each fund

ETF.net Research

EWDBiShares MSCI Sweden ETF

EZUAiShares MSCI Eurozone ETF

In short

EWD Sweden in one ticker, and it has been doing that job since 1996. Roughly 40 Swedish stocks, tracked closely, at a fee below the median for European single-country funds.

EZU Europe minus the UK, Switzerland and the Nordics. EZU holds only developed countries that use the euro, about 220 large and mid caps, and it has been doing that job since 2000.

Stated mandate

EWD The fund aims to follow an index made up of Swedish stocks.

EZU The fund seeks to track an index of large- and mid-cap equities from developed countries that use the euro, providing diversified Eurozone equity exposure.

Why people hold it

  • EWD Trading since 1996, back when single-country ETFs were a brand-new idea. Decades of live record to judge, not a back-test.
  • 0.51% a year undercuts the 0.56% median for its European single-country peer group.
  • Sticks close to its MSCI Sweden 25/50 benchmark, one of the stronger implementations in a small European peer group.
  • Moderately traded with iShares plumbing behind it, so routine buys and sells rarely turn into an expedition.
  • EZU The euro-only cut of Europe: the MSCI EMU index covers large and mid caps in developed countries inside the currency union, so no UK, Swiss or Nordic names ride along.msci.com
  • Trading since 2000 and now a multi-billion-dollar, actively traded fund, one of the established ways to own the Eurozone through a single US-listed ticker.
  • Roughly 220 stocks reaching about 85% of the euro bloc's free-float market value: the whole currency union, not a country or sector wager.msci.com
  • Tracking is the strong suit here. It has followed its benchmark closely, which is most of the job description for a plain index wrapper.

Worth knowing

  • EWD About 40 stocks in one small open economy. A handful of Swedish heavyweights carry a lot of the weight here.
  • The holdings trade in Swedish krona, so currency moves against the dollar feed straight into your dollar return, either direction.
  • Not the cheap seat in the neighborhood: Global X's DAX runs 0.20% and iShares' own Switzerland fund, EWL, 0.50%.
  • EZU 0.50% a year sits above the 0.45% median for index wrappers in its group and far above global one-fund options like VT at 0.06%.
  • Currency comes with the package. The euro's moves against the dollar flow straight into your dollar return; iShares runs HEZU on the same index for the hedged version.ishares.com
  • Large and mid caps only. Eurozone small caps and non-euro Europe (UK, Switzerland) sit outside the mandate by design.msci.com

Full EWD profile⁠

Full EZU profile⁠

EWD vs EZU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EWD vs EZU Cost

Overpaying EWD vs EZU

$186

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EWD 0.51%

    $10,165

  • EZU 0.50%

    $9,979

$10,000
30 years

Cost over time

  • EWD 0.51%
  • EZU 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EWD $10,165EZU $9,979

Year by year

YearEWDEZUOverpaying
10$918$900$18
20$3,527$3,460$67
30$10,165$9,979$186

Expense ratio

  • 0.51%EWD
  • 0.50%EZU, cheaper
  • Middle half of Europe Region funds
  • Median 0.51%

EZU 5th cheapest of 12 funds

EWD 7th cheapest of 12 funds

EWD vs EZU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EWD 3.44%, better
EZU 2.83%
Payout (12M)
EWD $1.80
EZU $1.84
Last payment
EWD $1.19
EZU $1.23
Ex-dividend
EWD Jun 15, 2026
EZU Jun 15, 2026
Paid on
EWD Jun 18, 2026
EZU Jun 18, 2026
Frequency
EWD Twice a year
EZU Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWDTwice a year · 18 paymentsAll EWD payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.76; Dec 19, 2017 $0.34; Jun 19, 2018 $1.44; Dec 18, 2018 $0.02; Jun 17, 2019 $0.95; Dec 16, 2019 $0.42; Jun 15, 2020 $0.10; Dec 14, 2020 $0.29; Jun 10, 2021 $1.12; Dec 13, 2021 $1.20; Dec 30, 2021 $0.20; Jun 9, 2022 $0.99; Dec 13, 2022 $0.20; Dec 20, 2023 $0.95; Jun 11, 2024 $0.66; Jun 16, 2025 $1.01; Dec 16, 2025 $0.60; Jun 15, 2026 $1.19. Use the arrow keys to read each point.$0$12017202020232026YTD
EZUTwice a year · 20 paymentsAll EZU payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.64; Dec 19, 2017 $0.19; Jun 19, 2018 $1.03; Dec 18, 2018 $0.19; Jun 17, 2019 $1.02; Dec 16, 2019 $0.17; Jun 15, 2020 $0.32; Dec 14, 2020 $0.62; Jun 10, 2021 $0.48; Dec 13, 2021 $0.60; Dec 30, 2021 $0.12; Jun 9, 2022 $0.93; Dec 13, 2022 $0.17; Jun 7, 2023 $0.86; Dec 20, 2023 $0.35; Jun 11, 2024 $1.04; Dec 17, 2024 $0.33; Jun 16, 2025 $1.22; Dec 16, 2025 $0.61; Jun 15, 2026 $1.23. Use the arrow keys to read each point.$0$12017202020232026YTD

EWD vs EZU Risk

Fall from peak · 5 years

  • EWD
  • EZU
Oct 29, 2021 to Oct 30, 2026. Worst fall: EWD −42.2% · Sep 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EWD 19.2%EZU 13.9%, better
Return per unit of riskSharpe ratio, 3 years
EWD 0.92EZU 1.06, better
Worst fallMax drawdown, 5 years
EWD −42.2%EZU −36.0%, better
Market sensitivityBeta, 5 years
EWD 1.10EZU 0.91

EWD and EZU in the news

All news⁠

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