EWD — iShares MSCI Sweden ETF
Single Country - Developed Ranked #332 of 458 tracked ETFs · Issued by iShares
EWD Price Performance — Growth of $10,000
Value of a $10,000 investment in EWD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
EWD Drawdown
The "underwater" chart: EWD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in EWD?
See what a lump sum in EWD would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI Sweden ETF (EWD) is a single-country developed market fund issued by iShares with $756 million in assets under management. It holds an ETFValuer grade of C, reflecting a score of 53.8 out of 100, and ranks 14th among 18 peers in its category. The fund’s expense ratio of 0.51% sits slightly above the category median of 0.5%, while its dividend yield of 2.68% significantly exceeds the peer average of 1.52%. Concentration in the top ten holdings accounts for 57.2% of assets, with Spotify Technology S.A. representing the largest single position at 9.7%.
The fund’s price of $52.38 places it at 73.4% of its 52-week range, indicating it has recovered significantly from its lows. Short-term performance shows a slight decline over the past month of -1.98%, contrasting with a stronger year-to-date gain of +8.10%. Over the longer term, the one-year return of +14.47% trails the category median of +23.53%, though the three-year return stands at +75.85%. The rating was upgraded from D to C on July 28, 2026, though price history is available for only 3.0 years.
With a beta of 1.19, the ETF exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 19.94% is classified as moderate, while the maximum drawdown of -17.84% highlights the extent of recent losses. A Sharpe ratio of 0.48 suggests modest risk-adjusted returns relative to the risk taken. Liquidity is supported by an average daily volume of 280,214 shares and a bid-ask spread of 0.32%.
AI-generated summary based on the data on this page.
EWD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | SPOTIFY TECHNOLOGY S.A. | 9.69% | $31M |
| 2 | Investor Aktiebolag | 9.32% | $30M |
| 3 | Aktiebolaget Volvo | 6.97% | $22M |
| 4 | Atlas Copco Aktiebolag | 6.40% | $20M |
| 5 | Sandvik Aktiebolag | 5.40% | $17M |
| 6 | Telefonaktiebolaget LM Ericsson | 4.55% | $15M |
| 7 | Swedbank AB | 3.91% | $13M |
| 8 | ASSA ABLOY AB | 3.90% | $13M |
| 9 | Skandinaviska Enskilda Banken AB | 3.77% | $12M |
| 10 | Atlas Copco Aktiebolag | 3.29% | $11M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 57.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EWD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Market Backdrop
10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What EWD's Fees Cost You
EWD charges an expense ratio of 0.51% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
EWD Dividend Income Estimator
EWD currently yields 2.68%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
EWD Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.32% and average daily volume is 280K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $756M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: EWD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
EWD Performance History
| Period | Return |
|---|---|
| 1-Day | -1.19% |
| 1-Week | -0.02% |
| 1-Month | -1.98% |
| 3-Month | +5.36% |
| 6-Month | +3.59% |
| YTD | +8.10% |
| 1-Year | +14.47% |
| 3-Year | +75.85% |
How EWD Compares to Other Single Country - Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #33 | B+ |
EWP | iShares MSCI Spain ETF | +31.98% | 0.5% | $2.26B |
| #35 | B+ |
EWC | iShares MSCI Canada ETF | +25.40% | 0.5% | $6.85B |
| #79 | B |
DXJ | WisdomTree Japan Hedged Equity Fund | +34.87% | 0.48% | $7.35B |
| #97 | B |
FLJP | Franklin FTSE Japan ETF | +23.88% | 0.09% | $4.12B |
| #99 | B |
BBJP | JPMorgan BetaBuilders Japan ETF | +23.18% | 0.19% | $19.2B |
| #118 | B |
EWS | iShares MSCI Singapore ETF | +23.13% | 0.5% | $1.25B |
| #119 | B |
EWJ | iShares MSCI Japan ETF | +24.97% | 0.49% | $22.7B |
| #133 | B |
HEWJ | iShares Currency Hedged MSCI Japan ETF | +34.03% | 0.49% | $774M |
| #136 | B |
EWI | iShares MSCI Italy ETF | +24.95% | 0.5% | $1.13B |
| #153 | B |
EIS | iShares MSCI Israel ETF | +31.11% | 0.59% | $897M |
| #162 | B |
EWN | iShares MSCI Netherlands ETF | +32.55% | 0.5% | $627M |
| #171 | B |
EWU | iShares MSCI United Kingdom ETF | +18.56% | 0.5% | $3.79B |
| #329 | C |
EWL | iShares MSCI Switzerland ETF | +9.77% | 0.5% | $2.42B |
| #332 | C |
EWD | iShares MSCI Sweden ETF | +14.47% | 0.51% | $756M |
| #361 | C |
EWG | iShares MSCI Germany ETF | +5.31% | 0.49% | $1.82B |
| #393 | D |
EWA | iShares MSCI Australia ETF | +13.15% | 0.5% | $1.33B |
| #397 | D |
EWQ | iShares MSCI France ETF | +7.45% | 0.5% | $338M |
| #398 | D |
EWH | iShares MSCI Hong Kong ETF | +11.20% | 0.5% | $1.21B |