EWD vs. EUSC
EWD (iShares MSCI Sweden ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - EWD tracks the MSCI Sweden Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a correlation of -0.09, they often move in opposite directions. EWD charges 0.55%/yr vs 0.58%/yr for EUSC.
Performance
EWD vs. EUSC - Performance Comparison
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Returns By Period
EWD
- 1D
- 0.08%
- 1M
- -4.68%
- YTD
- 1.51%
- 6M
- 1.35%
- 1Y
- 12.56%
- 3Y*
- 16.27%
- 5Y*
- 4.08%
- 10Y*
- 9.99%
EUSC
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWD vs. EUSC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EWD iShares MSCI Sweden ETF | -5.76% |
EUSC WisdomTree Europe Hedged SmallCap Equity Fund | 0.18% |
Correlation
The correlation between EWD and EUSC is -0.09, 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 | -0.09 |
EWD vs. EUSC - Sectors Allocation Comparison
Sectors
EWD
EUSC
Industrials
Financial Services
Communication Services
Technology
Basic Materials
Consumer Cyclical
Consumer Defensive
Healthcare
Real Estate
Energy
-
Utilities
-
Industrials
EWD
EUSC
Financial Services
EWD
EUSC
Communication Services
EWD
EUSC
Technology
EWD
EUSC
Basic Materials
EWD
EUSC
Consumer Cyclical
EWD
EUSC
Consumer Defensive
EWD
EUSC
Healthcare
EWD
EUSC
Real Estate
EWD
EUSC
Energy
EWD
-
EUSC
Utilities
EWD
-
EUSC
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Return for Risk
EWD vs. EUSC — Risk / Return Rank
EWD
EUSC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWD vs. EUSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Sweden ETF (EWD) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.
| EWD | EUSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | — | — |
| Martin ratioReturn relative to average drawdown | 2.81 | — | — |
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Drawdowns
EWD vs. EUSC - Drawdown Comparison
The maximum EWD drawdown since its inception was -75.40%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EWD and EUSC.
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Drawdown Indicators
| EWD | EUSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.40% | 0.00% | -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 DrawdownCurrent decline from peak | -8.67% | 0.00% | -8.67% |
Average DrawdownAverage peak-to-trough decline | -19.20% | 0.00% | -19.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | — | — |
Volatility
EWD vs. EUSC - Volatility Comparison
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Volatility by Period
| EWD | EUSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.33% | 1.10% | +19.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 1.10% | +22.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 1.10% | +22.12% |
EWD vs. EUSC - Expense Ratio Comparison
EWD has a 0.55% expense ratio, which is lower than EUSC's 0.58% expense ratio.
Dividends
EWD vs. EUSC - Dividend Comparison
EWD's dividend yield for the trailing twelve months is around 3.68%, while EUSC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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
EWD and EUSC have a correlation of -0.09, 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.
EWD tracks MSCI Sweden Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.55% for EWD and 0.58% for EUSC.
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