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) operates within the Single Country - Developed category, where ETFValuer tracks a total of 18 funds. Issued by iShares, this exchange-traded fund holds $1.97 billion in assets under management and trades at a price of $63.23. It carries an overall rank of #281 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 58.2 out of 100. The fund charges an expense ratio of 0.5% and offers a dividend yield of 1.02%. The combination of its asset size and ranking suggests a moderate level of investor adoption relative to the broader universe of tracked funds. Its position as the 281st ranked fund indicates it sits in the lower half of the overall performance spectrum despite its substantial asset base.

Over the most recent trading day, the fund posted a return of +1.27%, followed by a weekly gain of +0.91%. Monthly performance accelerated to +1.33%, while the three-month return expanded significantly to +5.39%. The six-month return stood at +5.16%, showing a slight deceleration compared to the three-month period, while year-to-date returns reached +6.64%. The one-year return demonstrated strong momentum at +16.66%, and the three-year return accumulated to +42.98%. This trajectory indicates a pattern where short-term gains have contributed to substantial long-term appreciation, with the three-year figure reflecting a sustained upward trend over the extended horizon.

The fund is assigned a Moderate volatility label and exhibits a beta of 0.90, suggesting its price movements are slightly less sensitive to broad market fluctuations than the average. A Sharpe ratio of 0.74 indicates the fund has generated a moderate amount of excess return per unit of risk taken over the measured period. During market downturns, the fund experienced a maximum drawdown of -13.48%, representing the largest peak-to-trough decline recorded. This combination of a beta below 1.0 and a moderate drawdown implies the fund tends to offer some downside protection relative to more volatile assets. However, the Sharpe ratio of 0.74 suggests that while returns have been positive, the risk-adjusted efficiency is not exceptional compared to higher-scoring alternatives.

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

EWL Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 67.0% 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 — ESGD overlaps most, holding 4 of the same companies as EWL's top 10 (45.3% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 9.21% and average daily volume is 470K/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