EWD — iShares MSCI Sweden ETF
Single Country - Developed Ranked #386 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 fund issued by iShares that tracks 18 ETFs within its specific category. With an asset base of $285 million and a share price of $49.70, the fund reflects a moderate level of investor adoption relative to the broader universe. It holds an overall rank of #386 out of 458 tracked ETFs across all categories, resulting in an ETFValuer grade of D with a score of 49.1 out of 100. The fund charges an expense ratio of 0.51% and currently offers a dividend yield of 2.86%. These metrics position the ETF as a mid-tier option in terms of cost and income generation within its sector. The combination of its AUM and ranking suggests it is not among the most dominant vehicles for exposure to Swedish equities. Its pricing and yield profile remain consistent with other funds in the developed single-country space.
Recent price action shows a decline of 1.15% over the last day and a 0.96% drop over the past week. Over the last month, the fund recovered to post a gain of 1.89%, though this was followed by a 4.35% loss over the three-month period. The six-month return stands at -1.25%, while the year-to-date performance has turned positive with a return of 2.57%. Longer-term data indicates a significant acceleration in value, with a one-year return of 13.93% and a three-year return of 53.33%. This pattern illustrates a divergence where short-term volatility has masked substantial long-term growth. The fund has moved from negative territory in the short term to strong positive returns over the multi-year horizon.
The fund carries a Moderate volatility label and a beta of 1.20, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 0.44 suggests that the risk-adjusted returns have been modest relative to the volatility experienced. The maximum drawdown of -17.84% highlights the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a notable drawdown implies the fund amplifies market swings in both directions. Investors may experience sharper declines than the average market index during periods of stress. The moderate volatility rating aligns with the observed beta and drawdown figures, confirming a higher risk profile than the market average.
AI-generated summary based on the data on this page.
EWD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Spotify Technology SA | 9.21% | $33M |
| 2 | Investor AB | 8.70% | $31M |
| 3 | Volvo AB | 7.07% | $26M |
| 4 | Atlas Copco AB | 6.61% | $24M |
| 5 | Sandvik AB | 5.38% | $19M |
| 6 | Assa Abloy AB | 4.88% | $18M |
| 7 | Swedbank AB | 3.73% | $13M |
| 8 | Telefonaktiebolaget LM Ericsson | 3.70% | $13M |
| 9 | Skandinaviska Enskilda Banken AB | 3.68% | $13M |
| 10 | Atlas Copco AB | 3.35% | $12M |
Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 56.3% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — 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 2.86%. 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 0.42% and average daily volume is 220K/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 $285M 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 | -1.15% |
| 1-Week | -0.96% |
| 1-Month | +1.89% |
| 3-Month | -4.35% |
| 6-Month | -1.25% |
| YTD | +2.57% |
| 1-Year | +13.93% |
| 3-Year | +53.33% |
How EWD Compares to Other Single Country - Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #25 | B+ |
EWP | iShares MSCI Spain ETF | +35.92% | 0.5% | $1.89B |
| #30 | B+ |
EWC | iShares MSCI Canada ETF | +26.61% | 0.5% | $5.96B |
| #40 | B+ |
DXJ | WisdomTree Japan Hedged Equity Fund | +54.24% | 0.48% | $7.08B |
| #50 | B |
BBJP | JPMorgan BetaBuilders Japan ETF | +28.80% | 0.19% | $17.6B |
| #53 | B |
FLJP | Franklin FTSE Japan ETF | +29.62% | 0.09% | $3.79B |
| #75 | B |
EWJ | iShares MSCI Japan ETF | +30.20% | 0.49% | $22.3B |
| #90 | B |
HEWJ | iShares Currency Hedged MSCI Japan ETF | +50.13% | 0.49% | $725M |
| #135 | B |
EWI | iShares MSCI Italy ETF | +27.08% | 0.5% | $796M |
| #165 | B |
EWU | iShares MSCI United Kingdom ETF | +19.43% | 0.5% | $3.67B |
| #183 | C |
EWS | iShares MSCI Singapore ETF | +20.75% | 0.5% | $922M |
| #187 | C |
EWN | iShares MSCI Netherlands ETF | +31.81% | 0.5% | $559M |
| #233 | C |
EIS | iShares MSCI Israel ETF | +26.83% | 0.59% | $898M |
| #301 | C |
EWL | iShares MSCI Switzerland ETF | +14.56% | 0.5% | $1.97B |
| #386 | D |
EWD | iShares MSCI Sweden ETF | +13.93% | 0.51% | $285M |
| #392 | D |
EWA | iShares MSCI Australia ETF | +10.68% | 0.5% | $1.45B |
| #393 | D |
EWH | iShares MSCI Hong Kong ETF | +13.31% | 0.5% | $1.13B |
| #394 | D |
EWQ | iShares MSCI France ETF | +6.55% | 0.5% | $381M |
| #401 | D |
EWG | iShares MSCI Germany ETF | -2.39% | 0.49% | $1.58B |