- ISIN
- US4642867497
- CUSIP
- 464286749
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Region
- North America (U.S.)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Switzerland Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
EWL Performance Chart
iShares MSCI Switzerland ETF (EWL) is up 4.0% since the beginning of the year. EWL is currently trading at $61 per share. Investors who bought $1,000 worth of EWL shares 5 years ago would now be looking at an investment worth $1,387.
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Returns By Period
iShares MSCI Switzerland ETF (EWL) has returned 3.96% so far this year and 18.33% over the past 12 months. Over the last ten years, EWL has returned 10.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI Switzerland ETF
- 1D
- -0.13%
- 1M
- -0.49%
- YTD
- 3.96%
- 6M
- 4.01%
- 1Y
- 18.33%
- 3Y*
- 12.41%
- 5Y*
- 6.76%
- 10Y*
- 10.21%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EWL Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 1996, EWL's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Oct 1998 with a return of +17.8%, while the worst month was Aug 1998 at -18.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EWL closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +11.8%, while the worst single day was Mar 12, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.64% | 5.75% | -9.63% | 4.35% | 2.87% | -1.26% | 3.96% | ||||||
| 2025 | 7.85% | 4.36% | 0.12% | 4.00% | 2.45% | 1.20% | -3.81% | 4.95% | -0.16% | 0.22% | 4.44% | 3.70% | 32.92% |
| 2024 | -1.57% | -1.45% | 1.67% | -4.71% | 8.38% | 0.11% | 4.58% | 4.82% | -1.42% | -5.28% | -2.35% | -4.63% | -2.80% |
| 2023 | 7.92% | -4.15% | 4.50% | 6.11% | -3.78% | 2.08% | 3.25% | -3.31% | -5.55% | -3.79% | 8.35% | 6.27% | 17.67% |
| 2022 | -6.45% | -2.82% | 2.42% | -5.50% | -1.83% | -7.00% | 4.72% | -6.62% | -7.78% | 4.43% | 9.67% | -2.24% | -18.89% |
| 2021 | -1.45% | -1.82% | 2.27% | 4.70% | 5.27% | 1.64% | 3.31% | 1.19% | -8.38% | 6.98% | -0.90% | 6.78% | 20.20% |
Benchmark Metrics
iShares MSCI Switzerland ETF has an annualized alpha of 2.37%, beta of 0.72, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since April 01, 1996.
- This ETF participated in 82.31% of S&P 500 Index downside but only 78.85% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.37%
- Beta
- 0.72
- R²
- 0.42
- Upside Capture
- 78.85%
- Downside Capture
- 82.31%
Expense Ratio
EWL has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWL ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.78 | -1.42 |
| Martin ratioReturn relative to average drawdown | 4.35 | 12.44 | -8.09 |
Dividends
Dividend History
iShares MSCI Switzerland ETF provided a 1.78% dividend yield over the last twelve months, with an annual payout of $1.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.09 | $1.02 | $1.02 | $1.02 | $0.86 | $0.91 | $0.65 | $0.75 | $0.81 | $0.73 | $0.81 | $0.80 |
Dividend yield | 1.78% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Switzerland ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Switzerland ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Switzerland ETF was 51.62%, occurring on Mar 9, 2009. Recovery took 531 trading sessions.
The current iShares MSCI Switzerland ETF drawdown is 4.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -51.62%Mar 2009 | 1y 2mo | 2y 1mo | 3y 4moDec 2007 - Apr 2011 |
2003 bear market2003 | -49.02%Mar 2003 | 4y 7mo | 2y 5mo | 7y 23dJul 1998 - Aug 2005 |
Bear market2022 | -28.99%Oct 2022 | 9mo 16d | 1y 9mo | 2y 6moDec 2021 - Jul 2024 |
COVID crash2020 | -27.80%Mar 2020 | 1mo 2d | 4mo 1d | 5mo 3dFeb 2020 - Jul 2020 |
2011 bear market2011 | -25.47%Nov 2011 | 5mo 27d | 1y 1mo | 1y 7moJun 2011 - Jan 2013 |
Drawdown Indicators
| EWL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.62% | -56.78% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -9.10% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -18.90% | +5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -25.43% | -3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -28.99% | -33.92% | +4.93% |
Current DrawdownCurrent decline from peak | -4.22% | -1.80% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -10.71% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.03% | +2.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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