ELM vs EWD
Comparison between ELM MARKET NAVIGATOR ETF (ELM, ETF) and ISHARES MSCI SWEDEN ETF (EWD, ETF).
ELM vs EWD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ELM
$579M
Winner
EWD
$580M
Expense Ratio
Winner
ELM
0.24%
EWD
0.51%
Max Drawdown
Winner
ELM
9.02%
EWD
79.94%
Sharpe Ratio
Winner
ELM
1.09
EWD
0.82
5Y Beta
Winner
ELM
0.46
EWD
0.86
5Y Dividends CAGR
ELM
N/A
EWD
13.13%
ELM vs EWD - Holdings Comparison
ELM and EWD have 1 common holdings. Overlap is -4.46%
ELM's top 25 holdings weight is 103.98%. EWD's top 25 holdings weight is 84.48%.
| Rank | ELM | EWD |
|---|---|---|
| #1 | VANGUARD TOTAL STOCK MARKET ETF (VTI) - 19.25% | INVESTOR AB CLASS B (n/a) - 9.64% |
| #2 | SCHWAB US TIPS ETF„¢ (SCHP) - 14.22% | SPOTIFY TECHNOLOGY SA (SPOT) - 9.12% |
| #3 | ISHARES® 0-3 MONTH TREASURY BOND ETF (SGOV) - 10.51% | VOLVO AB CLASS B (VOLVF) - 7.55% |
| #4 | VANGUARD FTSE EMERGING MARKETS ETF (VWO) - 8.44% | ATLAS COPCO AB CLASS A (n/a) - 6.87% |
| #5 | ISHARES CORE MSCI EUROPE ETF (IEUR) - 7.06% | SANDVIK AB (n/a) - 4.90% |
| #6 | ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG) - 6.04% | SKANDINAVISKA ENSKILDA BANKEN AB CLASS A (n/a) - 4.39% |
| #7 | JPMORGAN BETABUILDERS EUROPE ETF (BBEU) - 5.80% | ASSA ABLOY AB CLASS B (n/a) - 4.26% |
| #8 | SPDR® PORTFOLIO EMERGING MARKETS ETF (SPEM) - 5.65% | SWEDBANK AB CLASS A (n/a) - 4.19% |
| #9 | ISHARES CORE MSCI PACIFIC ETF (IPAC) - 4.74% | ATLAS COPCO AB CLASS B (n/a) - 3.56% |
| #10 | DEPOSITS WITH BROKER FOR SHORT POSITIONS (n/a) - 4.66% | TELEFONAKTIEBOLAGET L M ERICSSON CLASS B (n/a) - 3.43% |
| #11 | VANGUARD FTSE PACIFIC ETF (VPL) - 3.18% | SVENSKA HANDELSBANKEN AB CLASS A (n/a) - 2.76% |
| #12 | SCHWAB US BROAD MARKET ETF„¢ (SCHB) - 2.15% | HEXAGON AB CLASS B (n/a) - 2.57% |
| #13 | VANGUARD TOTAL BOND MARKET ETF (BND) - 2.07% | SAAB AB CLASS B (n/a) - 2.54% |
| #14 | ISHARES CORE US AGGREGATE BOND ETF (AGG) - 1.99% | ESSITY AB CLASS B (n/a) - 2.15% |
| #15 | VANGUARD FTSE ALL-WLD EX-US ETF (VEU) - 1.10% | ALFA LAVAL AB (n/a) - 2.12% |
| #16 | SCHWAB US REIT ETF„¢ (SCHH) - 1.09% | EQT AB ORDINARY SHARES (n/a) - 2.12% |
| #17 | ISHARES IBOXX $ INVMT GRADE CORP BD ETF (LQD) - 0.97% | EPIROC AB ORDINARY SHARES CLASS A (n/a) - 2.09% |
| #18 | SCHWAB INTERNATIONAL SMALL-CAP EQ ETF„¢ (SCHC) - 0.94% | BOLIDEN AB (n/a) - 1.74% |
| #19 | ISHARES MSCI EAFE SMALL-CAP ETF (SCZ) - 0.81% | TELIA COMPANY AB (n/a) - 1.35% |
| #20 | VANGUARD VALUE ETF (VTV) - 0.78% | EVOLUTION AB (n/a) - 1.26% |
| #21 | JPMORGAN BETABUILDERS CANADA ETF (BBCA) - 0.73% | ADDTECH AB CLASS B (n/a) - 1.19% |
| #22 | ISHARES CORE S&P TOTAL US STOCK MKT ETF (ITOT) - 0.72% | TELE2 AB CLASS B (n/a) - 1.19% |
| #23 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.48% | SKANSKA AB CLASS B (n/a) - 1.18% |
| #24 | VANGUARD SMALL-CAP ETF (VB) - 0.38% | SKF AB CLASS B (n/a) - 1.17% |
| #25 | VANGUARD S&P 500 ETF (VOO) - 0.22% | H & M HENNES & MAURITZ AB CLASS B (n/a) - 1.14% |
| Total Holdings | 31 | 53 |
ELM vs EWD - Historical Returns
Returns include dividend reinvestment.
1M
ELM
+2.71%
Winner
EWD
+4.50%
3M
ELM
+1.81%
Winner
EWD
+4.27%
6M
Winner
ELM
+4.09%
EWD
+0.40%
1Y
ELM
+14.62%
Winner
EWD
+19.29%
5Y(CAGR)
ELM
N/A
EWD
+5.57%
10Y(CAGR)
ELM
N/A
EWD
+9.85%
Max(CAGR)
Winner
ELM
+13.96%
EWD
+6.87%
ELM vs EWD - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ELM | EWD |
|---|---|---|
| 2026 | +8.84% | +10.77% |
| 2025 | +11.89% | +36.16% |
| 2024 | N/A | -1.94% |
| 2023 | N/A | +23.68% |
| 2022 | N/A | -28.45% |
| 2021 | N/A | +21.34% |
| 2020 | N/A | +18.94% |
| 2019 | N/A | +23.80% |
| 2018 | N/A | -13.43% |
| 2017 | N/A | +21.04% |
| 2016 | N/A | +4.52% |
| 2015 | N/A | -3.90% |
| 2014 | N/A | -5.97% |
| 2013 | N/A | +21.95% |
| 2012 | N/A | +19.94% |
| 2011 | N/A | -18.22% |
| 2010 | N/A | +31.31% |
| 2009 | N/A | +48.46% |
| 2008 | N/A | -46.58% |
| 2007 | N/A | -2.28% |
| 2006 | N/A | +38.19% |
| 2005 | N/A | +9.32% |
| 2004 | N/A | +34.96% |
| 2003 | N/A | +57.95% |
| 2002 | N/A | -31.32% |
| 2001 | N/A | -22.76% |
| 2000 | N/A | -27.76% |
| 1999 | N/A | +27.13% |
ELM vs EWD Drawdown Comparison
The maximum drawdown for ELM was -9.02%, occurring on Apr 8, 2025. Recovery took 74 trading sessions.
The maximum drawdown for EWD was -75.34%, occurring on Oct 9, 2002. Recovery took 1668 trading sessions.
The current ELM drawdown is -0.17%. The current EWD drawdown is -1.23%.
| Rank | ELM | EWD |
|---|---|---|
| #1 | -9.02% Feb 18, 2025 - Jun 4, 2025 | -75.34% Mar 3, 2000 - Oct 20, 2006 |
| #2 | -7.52% Feb 25, 2026 - May 6, 2026 | -68.10% Jul 12, 2007 - Apr 21, 2011 |
| #3 | -3.77% Oct 27, 2025 - Dec 24, 2025 | -42.26% Aug 13, 2021 - Feb 18, 2025 |
| #4 | -2.92% Jun 2, 2026 - Aug 4, 2026 | -37.22% Feb 12, 2020 - Jul 17, 2020 |
| #5 | -2.42% Oct 6, 2025 - Oct 20, 2025 | -36.19% May 2, 2011 - Mar 7, 2013 |
| #6 | -2.13% Jul 23, 2025 - Aug 12, 2025 | -25.57% May 21, 2014 - May 2, 2017 |
| #7 | -1.68% May 11, 2026 - May 26, 2026 | -23.30% Jan 24, 2018 - Jan 2, 2020 |
| #8 | -1.54% Jan 27, 2026 - Feb 9, 2026 | -17.84% Mar 7, 2025 - May 13, 2025 |
| #9 | -1.34% Jun 12, 2025 - Jun 24, 2025 | -14.49% Feb 27, 2026 - Aug 4, 2026 |
| #10 | -1.19% Jan 12, 2026 - Jan 22, 2026 | -12.59% May 21, 2013 - Jul 23, 2013 |
| #11 | -0.99% Aug 22, 2025 - Sep 5, 2025 | -9.09% Feb 26, 2007 - Mar 21, 2007 |
| #12 | -0.80% Jul 17, 2025 - Jul 22, 2025 | -8.75% May 7, 2007 - Jul 6, 2007 |
| #13 | -0.79% Sep 23, 2025 - Sep 30, 2025 | -8.18% Oct 12, 2020 - Nov 6, 2020 |
| #14 | -0.70% Aug 13, 2026 - Aug 19, 2026 | -8.16% Sep 18, 2013 - Dec 30, 2013 |
| #15 | -0.65% Aug 13, 2025 - Aug 22, 2025 | -7.82% Oct 27, 2025 - Dec 10, 2025 |
Correlation
Correlation between ELM and EWD is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
ELM vs EWD dividend yield comparison.
| Year | ELM | EWD |
|---|---|---|
| 2026 | 0.00% | 2.22% |
| 2025 | 2.71% | 3.27% |
| 2024 | 0.00% | 1.77% |
| 2023 | 0.00% | 2.41% |
| 2022 | 0.00% | 3.68% |
| 2021 | 0.00% | 5.46% |
| 2020 | 0.00% | 0.98% |
| 2019 | 0.00% | 4.15% |
| 2018 | 0.00% | 5.17% |
| 2017 | 0.00% | 3.23% |
| 2016 | 0.00% | 3.91% |
| 2015 | 0.00% | 4.08% |
| 2014 | 0.00% | 3.92% |
| 2013 | 0.00% | 3.47% |
| 2012 | 0.00% | 3.03% |
| 2011 | 0.00% | 4.13% |
| 2010 | 0.00% | 1.77% |
| 2009 | 0.00% | 2.13% |
| 2008 | 0.00% | 8.23% |
| 2007 | 0.00% | 3.61% |
| 2006 | 0.00% | 1.05% |
| 2005 | 0.00% | 1.85% |
| 2004 | 0.00% | 0.70% |
| 2003 | 0.00% | 1.58% |
| 2002 | 0.00% | 1.28% |
| 2001 | 0.00% | 0.35% |
| 2000 | 0.00% | 30.15% |
| 1999 | 0.00% | 3.42% |
Select Stocks to Compare
Popular: ELM vs SPYEWD vs SPY
More Comparisons
Compare with similar stocks