EWL vs IVV
iShares MSCI Switzerland ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EWL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $2.2B | $865.2B | |
| Dividend Yield | 1.74% | 1.09% | |
| Holdings | 46 | 508 | |
| YTD Return | +7.44% | +14.50% | |
| 1Y Return | +19.61% | +22.02% | |
| 3Y Return (annualized) | +13.26% | +21.80% | |
| 5Y Return (annualized) | +6.61% | +13.37% | |
| Volatility (annualized) | 16.9% | 15.1% | |
| Max Drawdown | -54.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | May 15, 2000 |
EWL vs IVV Performance
iShares MSCI Switzerland ETF (EWL) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EWL returned +19.61% while IVV returned +22.02%. Year to date, EWL is up 7.44% versus a gain of 14.50% for IVV.
Over three years, EWL compounded at +13.26% per year against +21.80% for IVV; over five years the annualized figures are +6.61% and +13.37% respectively. Across the full 26-year window we track, IVV has the edge at +7.07% annualized vs +5.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWL has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -54.7% for EWL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.74% against 1.09% for IVV.
Holdings Overlap
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, EWL or IVV?
Over the past year EWL returned +19.61% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), EWL annualized +5.90% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, EWL or IVV?
EWL has been the more volatile fund at 16.9% annualized versus 15.1% for IVV. Worst drawdown: EWL -54.7% vs IVV -56.5%.
Should I hold both EWL and IVV?
EWL and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWL and IVV?
EWL and IVV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, EWL or IVV?
EWL yields 1.74% while IVV yields 1.09%, so EWL currently pays the higher dividend yield.
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