EWI vs. EUSC

Last updated Jun 5, 2026

EWI (iShares MSCI Italy ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - EWI tracks the MSCI Italy Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. EWI charges 0.49%/yr vs 0.58%/yr for EUSC.

Performance

EWI vs. EUSC - Performance Comparison

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

Returns By Period

EWI

• 1D: 0.97%
• 1M: 2.18%
• YTD: 8.74%
• 6M: 12.61%
• 1Y: 27.58%
• 3Y*: 29.18%
• 5Y*: 15.62%
• 10Y*: 13.06%

EUSC

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

*Multi-year figures are annualized to reflect compound growth (CAGR)

EWI vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
EWI iShares MSCI Italy ETF	-0.29%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%

EWI vs. EUSC - Sectors Allocation Comparison

Sectors	EWI	EUSC
Financial Services	47.5%	28.4%
Utilities	18.3%	6.5%
Industrials	12.5%	20.1%
Consumer Cyclical	8.7%	9.1%
Energy	7.5%	3.7%
Communication Services	2.2%	5.0%
Healthcare	1.4%	2.9%
Consumer Defensive	0.9%	4.1%
Basic Materials	0.6%	6.5%
Real Estate	-	9.3%
Technology	-	4.4%

Return for Risk

EWI vs. EUSC — Risk / Return Rank

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

EWI

EWI Risk / Return Rank: 45
EWI Sharpe Ratio Rank: 45
EWI Sortino Ratio Rank: 43
EWI Omega Ratio Rank: 42
EWI Calmar Ratio Rank: 46
EWI Martin Ratio Rank: 50

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.

EWI vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) 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.

	EWI	EUSC	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.14	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.22	—	—
Martin ratio: Return relative to average drawdown	8.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EWI	EUSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Drawdowns

EWI vs. EUSC - Drawdown Comparison

The maximum EWI drawdown since its inception was -70.38%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EWI and EUSC.

Drawdown Indicators

	EWI	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-70.38%	0.00%	-70.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.00%	—	—
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-28.94%	0.00%	-28.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	—	—

Volatility

Volatility by Period

	EWI	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	0.00%	+18.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.10%	0.00%	+21.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.26%	0.00%	+23.26%

EWI vs. EUSC - Expense Ratio Comparison

EWI has a 0.49% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

EWI vs. EUSC - Dividend Comparison

EWI's dividend yield for the trailing twelve months is around 2.58%, 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%
EWI iShares MSCI Italy ETF	2.58%	2.80%	4.07%	3.40%	4.57%	2.63%	1.66%	3.80%	4.71%	2.19%	3.64%	2.31%

Frequently Asked Questions

Which ETF is better, EWI or EUSC?

On fees, EWI is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EWI or EUSC?

EWI is cheaper with a 0.49% expense ratio, compared with 0.58% for EUSC.

Which ETF pays a higher dividend yield, EWI or EUSC?

EWI has the higher dividend yield at 2.58%, compared with 0.00% for EUSC.

What is the main difference between EWI and EUSC?

EWI tracks MSCI Italy Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.49% for EWI and 0.58% for EUSC.