EWL vs SPY
Comparison between ISHARES MSCI SWITZERLAND ETF (EWL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EWL, delivering a return of +13.3% compared to +7.5%
EWL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWL
$1.50B
Winner
SPY
$652B
Expense Ratio
EWL
0.50%
Winner
SPY
0.09%
Max Drawdown
Winner
EWL
53.10%
SPY
56.47%
Sharpe Ratio
EWL
0.81
Winner
SPY
2.07
5Y Beta
Winner
EWL
0.49
SPY
1.00
P/E Ratio
EWL
N/A
SPY
28.24
Forward P/E
EWL
N/A
SPY
21.85
5Y Dividends CAGR
EWL
-5.72%
Winner
SPY
5.43%
5Y EPS CAGR
EWL
N/A
SPY
25.79%
Debt to Equity
EWL
N/A
SPY
22.35%
P/S Ratio
EWL
N/A
SPY
3.55
P/B Ratio
EWL
N/A
SPY
5.29
EWL vs SPY - Holdings Comparison
EWL and SPY have 1 common holdings. Overlap is -0.04%
EWL's top 25 holdings weight is 89.45%. SPY's top 25 holdings weight is 51.32%.
| Rank | EWL | SPY |
|---|---|---|
| #1 | NOVARTIS AG REGISTERED SHARES (n/a) - 14.65% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 14.11% | APPLE INC (AAPL) - 6.48% |
| #3 | NESTLE SA (n/a) - 12.83% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | ZURICH INSURANCE GROUP AG (n/a) - 4.72% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | UBS GROUP AG REGISTERED SHARES (n/a) - 4.49% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ABB LTD (n/a) - 4.30% | BROADCOM INC (AVGO) - 3.09% |
| #7 | COMPAGNIE FINANCIERE RICHEMONT SA CLASS A (n/a) - 4.14% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | SWISS RE AG (n/a) - 2.76% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | LONZA GROUP LTD (n/a) - 2.50% | TESLA INC (TSLA) - 1.73% |
| #10 | HOLCIM LTD (n/a) - 2.34% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | GALDERMA GROUP AG REGISTERED SHARES (n/a) - 2.18% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ALCON INC (ALC) - 2.12% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | SANDOZ GROUP AG REGISTERED SHARES (n/a) - 1.91% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | SWISS LIFE HOLDING AG (n/a) - 1.81% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | GIVAUDAN SA (n/a) - 1.77% | WALMART INC (WMT) - 0.91% |
| #16 | CHF CASH (n/a) - 1.58% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | HELVETIA BALOISE HOLDING AG (n/a) - 1.46% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | SIKA AG (n/a) - 1.46% | VISA INC CLASS A (V) - 0.85% |
| #19 | PARTNERS GROUP HOLDING AG (n/a) - 1.43% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | SWISSCOM AG (n/a) - 1.35% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | GEBERIT AG (n/a) - 1.35% | INTEL CORP (INTC) - 0.65% |
| #22 | VAT GROUP AG (n/a) - 1.14% | NETFLIX INC (NFLX) - 0.64% |
| #23 | SGS AG (n/a) - 1.09% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG (n/a) - 0.98% | CHEVRON CORP (CVX) - 0.58% |
| #25 | JULIUS BAER GRUPPE AG (n/a) - 0.98% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 45 | 505 |
EWL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EWL
+1.91%
Winner
SPY
+9.11%
3M
EWL
-2.60%
Winner
SPY
+6.59%
6M
Winner
EWL
+10.87%
SPY
+10.56%
1Y
EWL
+17.54%
Winner
SPY
+32.04%
5Y(CAGR)
EWL
+7.50%
Winner
SPY
+13.35%
10Y(CAGR)
EWL
+9.81%
Winner
SPY
+15.49%
Max(CAGR)
EWL
+7.02%
Winner
SPY
+8.50%
EWL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWL | SPY |
|---|---|---|
| 2026 | +2.42% | +8.27% |
| 2025 | +33.26% | +18.00% |
| 2024 | -2.14% | +25.59% |
| 2023 | +15.91% | +26.72% |
| 2022 | -19.12% | -18.64% |
| 2021 | +18.89% | +30.52% |
| 2020 | +10.91% | +17.28% |
| 2019 | +32.59% | +31.09% |
| 2018 | -9.55% | -5.24% |
| 2017 | +22.90% | +20.78% |
| 2016 | -1.39% | +13.59% |
| 2015 | +0.80% | +1.31% |
| 2014 | +0.65% | +14.56% |
| 2013 | +23.71% | +29.00% |
| 2012 | +19.11% | +14.17% |
| 2011 | -8.12% | +0.85% |
| 2010 | +12.08% | +13.14% |
| 2009 | +22.40% | +22.67% |
| 2008 | -27.27% | -36.25% |
| 2007 | +5.13% | +5.32% |
| 2006 | +25.35% | +13.85% |
| 2005 | +13.03% | +5.32% |
| 2004 | +16.89% | +10.75% |
| 2003 | +31.86% | +24.18% |
| 2002 | -12.22% | -22.42% |
| 2001 | -25.68% | -10.13% |
| 2000 | +3.23% | -8.84% |
| 1999 | +1.59% | +8.61% |
EWL vs SPY Drawdown Comparison
The maximum drawdown for EWL was -51.63%, occurring on Mar 9, 2009. Recovery took 844 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EWL drawdown is -5.04%.
| Rank | EWL | SPY |
|---|---|---|
| #1 | -51.63% Dec 10, 2007 - Apr 15, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -46.82% Jan 3, 2001 - Feb 24, 2005 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -28.96% Dec 29, 2021 - Jul 17, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -27.80% Feb 19, 2020 - Jul 22, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.45% May 31, 2011 - Jan 2, 2013 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.39% May 14, 2015 - May 5, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.35% Jan 26, 2018 - Jun 6, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.45% Jan 7, 2000 - Dec 26, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.93% May 10, 2006 - Sep 26, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.48% Feb 27, 2026 - Mar 20, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.47% Aug 30, 2024 - Mar 5, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.17% Jun 10, 2014 - Apr 15, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.12% Mar 7, 2025 - Apr 28, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.10% Apr 25, 2007 - Oct 31, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.31% May 8, 2013 - Aug 6, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWL and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
EWL vs SPY dividend yield comparison.
| Year | EWL | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 1.71% | 1.07% |
| 2024 | 2.21% | 1.21% |
| 2023 | 2.12% | 1.40% |
| 2022 | 2.04% | 1.65% |
| 2021 | 1.74% | 1.20% |
| 2020 | 1.45% | 1.52% |
| 2019 | 1.85% | 1.75% |
| 2018 | 2.56% | 2.04% |
| 2017 | 2.05% | 1.80% |
| 2016 | 2.75% | 2.03% |
| 2015 | 2.58% | 2.06% |
| 2014 | 2.49% | 1.87% |
| 2013 | 1.83% | 1.81% |
| 2012 | 2.36% | 2.18% |
| 2011 | 2.43% | 2.05% |
| 2010 | 1.29% | 1.80% |
| 2009 | 1.36% | 1.95% |
| 2008 | 2.48% | 3.02% |
| 2007 | 1.06% | 1.85% |
| 2006 | 0.78% | 1.73% |
| 2005 | 0.62% | 1.73% |
| 2004 | 0.50% | 1.82% |
| 2003 | 0.36% | 1.47% |
| 2002 | 0.26% | 1.70% |
| 2001 | 0.79% | 1.25% |
| 2000 | 0.94% | 1.15% |
| 1999 | 0.00% | 0.24% |
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