EWL vs IVV
iShares MSCI Switzerland ETF vs iShares Core S&P 500 ETF
Which is better, EWL or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 65.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EWL | IVV |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $2.4B | $886.7B |
| Dividend Yield | 1.70% | 1.10% |
| Holdings | 48 | 508 |
| YTD Return | +6.47% | +13.39%Best |
| 1Y Return | +15.32% | +20.08%Best |
| 3Y Return (annualized) | +13.95% | +21.29%Best |
| 5Y Return (annualized) | +6.71% | +12.88%Best |
| Volatility (annualized) | 15.9% | 15.1%Best |
| Max Drawdown | -53.1%Best | -56.5% |
| $10,000 over 5 years | $13,836 | $18,327Best |
| Top 10 Weight | 65.4% | 37.9%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 12, 1996 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 4, 2026 (26.3 years).
EWL vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
EWL vs IVV Performance
iShares MSCI Switzerland ETF (EWL) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year EWL returned +15.32% while IVV returned +20.08%. Year to date, EWL is up 6.47% versus a gain of 13.39% for IVV.
Over three years, EWL compounded at +13.95% per year against +21.29% for IVV; over five years the annualized figures are +6.71% and +12.88% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +6.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWL has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.1% for EWL and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWL charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, EWL currently yields 1.70% against 1.10% for IVV.
Holdings Overlap
13.9% of EWL's money is in holdings IVV also owns. 0.2% of IVV's money is in holdings EWL also owns.
EWL and IVV share little of their money.
2 positions in common, counted across the 41 positions we hold weights for in EWL and 505 in IVV, against full books of 48 and 508.
What only one of them owns
Our book lists 495 positions for IVV that do not appear in our book for EWL (99.1% of the fund), and 0 for EWL that do not appear in IVV (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EWL and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EWL or IVV?
EWL has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, EWL or IVV?
Over the past year EWL returned +15.32% vs +20.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), EWL annualized +6.04% vs +7.01% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EWL or IVV?
EWL has been the more volatile fund at 15.9% annualized versus 15.1% for IVV. Worst drawdown: EWL -53.1% vs IVV -56.5%.
Should I hold both EWL and IVV?
EWL and IVV have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EWL and IVV?
13.9% of EWL's money is in holdings IVV also owns. 0.2% of IVV's is in holdings EWL also owns. They hold 2 positions in common, counted across the 41 positions we hold weights for in EWL and 505 in IVV.
Which pays a higher dividend, EWL or IVV?
EWL yields 1.70% while IVV yields 1.10%, so EWL currently pays the higher dividend yield.
Is IVV better than EWL?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 65.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.