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EUSC vs. EWD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUSC vs. EWD

Last updated Jun 24, 2026

EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) and EWD (iShares MSCI Sweden ETF) are both Europe Equities funds - EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index while EWD tracks the MSCI Sweden Index. Both are passively managed. At a correlation of -0.07, they often move in opposite directions. EUSC charges 0.58%/yr vs 0.55%/yr for EWD.

Performance

EUSC vs. EWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) and iShares MSCI Sweden ETF (EWD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

EUSC

1D
0.00%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

EWD

1D
-2.77%
1M
-4.76%
YTD
1.43%
6M
1.47%
1Y
15.00%
3Y*
16.23%
5Y*
4.11%
10Y*
9.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUSC vs. EWD - Yearly Performance Comparison

2026 (YTD)
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.18%
EWD
iShares MSCI Sweden ETF		-5.84%

Correlation

The correlation between EUSC and EWD is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (All Time)
Calculated using the full available price history since May 28, 2026

-0.07

EUSC vs. EWD - Sectors Allocation Comparison

Sectors
EUSC
EWD

Financial Services

28.4%
24.1%

Industrials

20.1%
45.3%

Real Estate

9.3%
1.1%

Consumer Cyclical

9.1%
2.4%

Basic Materials

6.5%
3.1%

Utilities

6.5%

-

Communication Services

5.0%
13.2%

Technology

4.4%
7.5%

Consumer Defensive

4.1%
2.2%

Energy

3.7%

-

Healthcare

2.9%
1.2%

Financial Services

EUSC
28.4%
EWD
24.1%

Industrials

EUSC
20.1%
EWD
45.3%

Real Estate

EUSC
9.3%
EWD
1.1%

Consumer Cyclical

EUSC
9.1%
EWD
2.4%

Basic Materials

EUSC
6.5%
EWD
3.1%

Utilities

EUSC
6.5%
EWD

-

Communication Services

EUSC
5.0%
EWD
13.2%

Technology

EUSC
4.4%
EWD
7.5%

Consumer Defensive

EUSC
4.1%
EWD
2.2%

Energy

EUSC
3.7%
EWD

-

Healthcare

EUSC
2.9%
EWD
1.2%

Compare stocks, funds, or ETFs

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WisdomTree Europe Hedged SmallCap Equity Fund

iShares MSCI Sweden ETF

Often compared with EUSC:
EUSC vs. VGKEUSC vs. IEUSEUSC vs. IXUSEUSC vs. IEUREUSC vs. SYLDEUSC vs. AVDVEUSC vs. FEZ
Often compared with EWD:
EWD vs. EWGEWD vs. NORWEWD vs. EWCEWD vs. EWNEWD vs. VOOEWD vs. OMXS.LEWD vs. QQQ

Return for Risk

EUSC vs. EWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EWD
EWD Risk / Return Rank: 2323
Overall Rank
EWD Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
EWD Sortino Ratio Rank: 2222
Sortino Ratio Rank
EWD Omega Ratio Rank: 2020
Omega Ratio Rank
EWD Calmar Ratio Rank: 2323
Calmar Ratio Rank
EWD Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSC vs. EWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) and iShares MSCI Sweden ETF (EWD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

EUSCEWDDifference
Sharpe ratioReturn per unit of total volatility

—

0.74

—

Sortino ratioReturn per unit of downside risk

—

1.16

—

Omega ratioGain probability vs. loss probability

—

1.14

—

Calmar ratioReturn relative to maximum drawdown

—

1.04

—

Martin ratioReturn relative to average drawdown

—

3.39

—

EUSC vs. EWD - Sharpe Ratio Comparison

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Drawdowns

EUSC vs. EWD - Drawdown Comparison

The maximum EUSC drawdown since its inception was 0.00%, smaller than the maximum EWD drawdown of -75.40%. Use the drawdown chart below to compare losses from any high point for EUSC and EWD.

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Drawdown Indicators

EUSCEWDDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-75.40%

+75.40%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.49%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.84%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-42.33%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.33%

—

Current Drawdown

Current decline from peak

0.00%

-8.75%

+8.75%

Average Drawdown

Average peak-to-trough decline

0.00%

-19.20%

+19.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.44%

—

Volatility

EUSC vs. EWD - Volatility Comparison

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Volatility by Period

EUSCEWDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.67%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

17.20%

—

Volatility (1Y)

Calculated over the trailing 1-year period

1.10%

20.34%

-19.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.10%

24.01%

-22.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.10%

23.23%

-22.13%

EUSC vs. EWD - Expense Ratio Comparison

EUSC has a 0.58% expense ratio, which is higher than EWD's 0.55% expense ratio.

Dividends

EUSC vs. EWD - Dividend Comparison

EUSC has not paid dividends to shareholders, while EWD's dividend yield for the trailing twelve months is around 3.68%.

PositionTTM20252024202320222021202020192018201720162015
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EWD
iShares MSCI Sweden ETF		3.68%3.27%1.77%2.41%3.68%5.46%0.98%4.15%5.17%3.23%3.91%4.08%

Frequently Asked Questions

EUSC and EWD have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EWD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EWD is cheaper with a 0.55% expense ratio, compared with 0.58% for EUSC.

EWD has the higher dividend yield at 3.68%, compared with 0.00% for EUSC.

EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index, while EWD tracks MSCI Sweden Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.58% for EUSC and 0.55% for EWD.

Portfolio Optimizer

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