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EWL vs. EUSC
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EWL vs. EUSC

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Switzerland ETF (EWL) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC).

EWL and EUSC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWL is a passively managed fund by iShares that tracks the performance of the MSCI Switzerland Index. It was launched on Mar 12, 1996. EUSC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged SmallCap Equity Index. It was launched on Mar 4, 2015. Both EWL and EUSC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EWL vs. EUSC - Performance Comparison

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

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EWL vs. EUSC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWL
iShares MSCI Switzerland ETF		-1.92%32.92%-2.80%17.67%-18.89%20.20%11.80%31.58%-9.21%23.34%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		4.74%38.80%10.42%19.80%-11.14%23.52%-2.92%28.60%-13.34%22.25%

Returns By Period

In the year-to-date period, EWL achieves a -1.92% return, which is significantly lower than EUSC's 4.74% return. Over the past 10 years, EWL has underperformed EUSC with an annualized return of 9.38%, while EUSC has yielded a comparatively higher 12.04% annualized return.

EWL

1D
2.24%
1M
-9.63%
YTD
-1.92%
6M
6.46%
1Y
15.70%
3Y*
11.32%
5Y*
7.64%
10Y*
9.38%

EUSC

1D
2.89%
1M
-4.05%
YTD
4.74%
6M
10.31%
1Y
31.19%
3Y*
20.96%
5Y*
13.48%
10Y*
12.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Switzerland ETF

WisdomTree Europe Hedged SmallCap Equity Fund

Often compared with EWL:
EWL vs. FLSWEWL vs. EWQEWL vs. FSZEWL vs. EWOEWL vs. VTWNXEWL vs. IDAP.LEWL vs. TILGX
Often compared with EUSC:
EUSC vs. VGKEUSC vs. IXUSEUSC vs. AVDVEUSC vs. IEUSEUSC vs. SYLDEUSC vs. IEUREUSC vs. DBEF

EWL vs. EUSC - Expense Ratio Comparison

EWL has a 0.50% expense ratio, which is lower than EUSC's 0.58% expense ratio.

EUSC
WisdomTree Europe Hedged SmallCap Equity Fund
EWL
iShares MSCI Switzerland ETF

Return for Risk

EWL vs. EUSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWL
EWL Risk / Return Rank: 4949
Overall Rank
EWL Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
EWL Sortino Ratio Rank: 5454
Sortino Ratio Rank
EWL Omega Ratio Rank: 5050
Omega Ratio Rank
EWL Calmar Ratio Rank: 4444
Calmar Ratio Rank
EWL Martin Ratio Rank: 4545
Martin Ratio Rank
EUSC
EUSC Risk / Return Rank: 8787
Overall Rank
EUSC Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
EUSC Sortino Ratio Rank: 8787
Sortino Ratio Rank
EUSC Omega Ratio Rank: 8989
Omega Ratio Rank
EUSC Calmar Ratio Rank: 8585
Calmar Ratio Rank
EUSC Martin Ratio Rank: 8989
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.

EWL vs. EUSC - Risk-Adjusted Trends Comparison

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

EWLEUSCDifference

Sharpe ratio

Return per unit of total volatility

0.93

1.70

-0.77

Sortino ratio

Return per unit of downside risk

1.38

2.38

-1.00

Omega ratio

Gain probability vs. loss probability

1.18

1.37

-0.19

Calmar ratio

Return relative to maximum drawdown

1.05

2.51

-1.46

Martin ratio

Return relative to average drawdown

4.08

11.27

-7.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWL vs. EUSC - Sharpe Ratio Comparison

The current EWL Sharpe Ratio is 0.93, which is lower than the EUSC Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of EWL and EUSC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EWLEUSCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

1.70

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.88

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.71

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.62

-0.27

Correlation

The correlation between EWL and EUSC is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EWL vs. EUSC - Dividend Comparison

EWL's dividend yield for the trailing twelve months is around 1.74%, less than EUSC's 2.93% yield.

TTM20252024202320222021202020192018201720162015
EWL
iShares MSCI Switzerland ETF		1.74%1.71%2.21%2.12%2.04%1.73%1.45%1.85%2.56%2.05%2.75%2.58%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		2.93%2.95%3.99%3.53%5.13%2.39%3.42%3.08%2.34%1.46%2.60%4.39%

Drawdowns

EWL vs. EUSC - Drawdown Comparison

The maximum EWL drawdown since its inception was -51.62%, which is greater than EUSC's maximum drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for EWL and EUSC.

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Drawdown Indicators

EWLEUSCDifference

Max Drawdown

Largest peak-to-trough decline

-51.62%

-39.28%

-12.34%

Max Drawdown (1Y)

Largest decline over 1 year

-13.48%

-11.85%

-1.63%

Max Drawdown (5Y)

Largest decline over 5 years

-28.99%

-24.49%

-4.50%

Max Drawdown (10Y)

Largest decline over 10 years

-28.99%

-39.28%

+10.29%

Current Drawdown

Current decline from peak

-9.63%

-4.58%

-5.05%

Average Drawdown

Average peak-to-trough decline

-11.12%

-5.53%

-5.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.48%

2.64%

+0.84%

Volatility

EWL vs. EUSC - Volatility Comparison

iShares MSCI Switzerland ETF (EWL) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) have volatilities of 6.66% and 6.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWLEUSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.66%

6.96%

-0.30%

Volatility (6M)

Calculated over the trailing 6-month period

10.81%

10.05%

+0.76%

Volatility (1Y)

Calculated over the trailing 1-year period

16.95%

18.46%

-1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.86%

15.33%

+0.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.36%

17.10%

-0.74%