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EWU vs. EUSC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWU vs. EUSC

Last updated Jun 26, 2026

EWU (iShares MSCI United Kingdom ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - EWU tracks the MSCI United Kingdom Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a correlation of -0.10, they often move in opposite directions. EWU charges 0.50%/yr vs 0.58%/yr for EUSC.

Performance

EWU vs. EUSC - Performance Comparison

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

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Returns By Period

EWU

1D
0.95%
1M
-1.86%
YTD
5.82%
6M
5.57%
1Y
20.76%
3Y*
17.21%
5Y*
10.90%
10Y*
9.15%

EUSC

1D
0.00%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWU vs. EUSC - Yearly Performance Comparison

2026 (YTD)
EWU
iShares MSCI United Kingdom ETF		-1.47%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.18%

Correlation

The correlation between EWU and EUSC is -0.10, 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

-0.10

EWU vs. EUSC - Sectors Allocation Comparison

Sectors
EWU
EUSC

Financial Services

25.7%
28.4%

Healthcare

14.5%
2.9%

Industrials

13.2%
20.1%

Consumer Defensive

13.1%
4.1%

Energy

11.6%
3.7%

Basic Materials

9.5%
6.5%

Utilities

5.1%
6.5%

Consumer Cyclical

3.8%
9.1%

Communication Services

2.3%
5.0%

Technology

0.7%
4.4%

Real Estate

0.6%
9.3%

Financial Services

EWU
25.7%
EUSC
28.4%

Healthcare

EWU
14.5%
EUSC
2.9%

Industrials

EWU
13.2%
EUSC
20.1%

Consumer Defensive

EWU
13.1%
EUSC
4.1%

Energy

EWU
11.6%
EUSC
3.7%

Basic Materials

EWU
9.5%
EUSC
6.5%

Utilities

EWU
5.1%
EUSC
6.5%

Consumer Cyclical

EWU
3.8%
EUSC
9.1%

Communication Services

EWU
2.3%
EUSC
5.0%

Technology

EWU
0.7%
EUSC
4.4%

Real Estate

EWU
0.6%
EUSC
9.3%

Compare stocks, funds, or ETFs

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iShares MSCI United Kingdom ETF

WisdomTree Europe Hedged SmallCap Equity Fund

Often compared with EWU:
EWU vs. FLGBEWU vs. EWUSEWU vs. SPYEWU vs. FEZEWU vs. FKUEWU vs. BNDWEWU vs. VOO
Often compared with EUSC:
EUSC vs. VGKEUSC vs. IEUSEUSC vs. IXUSEUSC vs. IEUREUSC vs. SYLDEUSC vs. AVDVEUSC vs. FEZ

Return for Risk

EWU vs. EUSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWU
EWU Risk / Return Rank: 4646
Overall Rank
EWU Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
EWU Sortino Ratio Rank: 4646
Sortino Ratio Rank
EWU Omega Ratio Rank: 4343
Omega Ratio Rank
EWU Calmar Ratio Rank: 4949
Calmar Ratio Rank
EWU Martin Ratio Rank: 4848
Martin Ratio Rank
EUSC

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

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.

EWU vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI United Kingdom ETF (EWU) 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.

EWUEUSCDifference
Sharpe ratioReturn per unit of total volatility
1.42

—

—

Sortino ratioReturn per unit of downside risk
2.04

—

—

Omega ratioGain probability vs. loss probability

1.25

—

—

Calmar ratioReturn relative to maximum drawdown

2.10

—

—

Martin ratioReturn relative to average drawdown

7.11

—

—

EWU vs. EUSC - Sharpe Ratio Comparison

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Drawdowns

EWU vs. EUSC - Drawdown Comparison

The maximum EWU drawdown since its inception was -63.99%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EWU and EUSC.

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Drawdown Indicators

EWUEUSCDifference

Max Drawdown

Largest peak-to-trough decline

-63.99%

0.00%

-63.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-12.63%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.91%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.33%

—

—

Current Drawdown

Current decline from peak

-4.40%

0.00%

-4.40%

Average Drawdown

Average peak-to-trough decline

-14.14%

0.00%

-14.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

—

—

Volatility

EWU vs. EUSC - Volatility Comparison

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Volatility by Period

EWUEUSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.70%

1.10%

+13.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.43%

1.10%

+15.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.35%

1.10%

+17.25%

EWU vs. EUSC - Expense Ratio Comparison

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

Dividends

EWU vs. EUSC - Dividend Comparison

EWU's dividend yield for the trailing twelve months is around 3.26%, while EUSC has not paid dividends to shareholders.

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%
EWU
iShares MSCI United Kingdom ETF		3.26%3.73%4.16%4.14%3.43%4.35%2.48%4.13%4.98%3.91%3.97%4.11%

Frequently Asked Questions

EWU and EUSC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EWU is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EWU is cheaper with a 0.50% expense ratio, compared with 0.58% for EUSC.

EWU has the higher dividend yield at 3.26%, compared with 0.00% for EUSC.

EWU tracks MSCI United Kingdom Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.50% for EWU and 0.58% for EUSC.

Portfolio Optimizer

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