EWL — iShares MSCI Switzerland ETF

EWL Price Performance — Growth of $10,000

Value of a $10,000 investment in EWL 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.

EWL Drawdown

The "underwater" chart: EWL'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.

Overview

The iShares MSCI Switzerland ETF (EWL) is a Single Country - Developed fund issued by iShares that tracks 18 other ETFs within its specific category. With an asset base of $1.97 billion and a share price of $62.09, the fund demonstrates significant investor adoption relative to its size. It holds an overall rank of #328 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 54.8 out of 100. The fund carries an expense ratio of 0.5%, which represents the annual cost for investors to hold the position. Income generation is reflected in a dividend yield of 1.03%, providing a modest return component alongside capital appreciation. These metrics collectively position the fund as a mid-tier option within the broader universe of tracked exchange-traded funds.

Short-term performance shows mixed results with a one-day gain of +0.36% followed by a one-week decline of -1.73% and a one-month loss of -0.16%. The trend shifts to positive territory over longer horizons, as the three-month return reaches +3.32% and the six-month return advances to +4.29%. Year-to-date performance stands at +4.72%, indicating a steady accumulation of value since the start of the calendar year. The one-year return accelerates significantly to +12.43%, suggesting stronger momentum over the past twelve months compared to recent months. This upward trajectory continues into the three-year period, where the fund has delivered a total return of +37.75%. The data illustrates a pattern where short-term volatility gives way to consistent gains over extended holding periods.

The fund is assigned a Moderate volatility label, which aligns with its beta of 0.90 indicating slightly lower sensitivity to market movements than the broader benchmark. A Sharpe ratio of 0.47 suggests the fund has generated a moderate amount of risk-adjusted return relative to the risk taken. The maximum drawdown of -13.48% represents the largest peak-to-trough decline observed, highlighting the potential for significant temporary losses during market downturns. This combination of a beta below 1.0 and a moderate drawdown implies the fund tends to experience less severe declines than the general market while still participating in upward trends. The risk profile reflects a balance between capital preservation and growth potential, consistent with its classification as a developed single-country equity fund.

AI-generated summary based on the data on this page.

EWL Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 67.4% 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 EWL's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWL

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWL's top 10 — IDEV overlaps most, holding 3 of the same companies as EWL's top 10 (41.4% of EWL's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

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.

EWL Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 3.55% and average daily volume is 471K/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 $1.97B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWL 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.

EWL Performance History

How EWL Compares to Other Single Country - Developed ETFs