EWD

iShares MSCI Sweden ETF

#12 of 13 in Developed Markets by own-history percentile (high → low)

Near lows (3.7%)

Relative to SPY

Relative price history

EWD ÷ SPY, 10-year range, as of Jul 17, 2026

Position in 10-year rangeNear lows (3.7%)ranked vs 2,513 trading days

12m vs S&P 500-6.7%Change in relative price over ~12 months

Category rank#12of 13 in Developed Markets

~1 week change+2.6 ptsvs Jun 30, 2026 reading (1.1%)

~1 month change+1.2 ptsvs May 29, 2026 reading (2.5%)

Trailing PE16.4xas of Jul 17, 2026

Current ratio0.0674

AUM$285MFund assets under management

Avg volume224KApprox. 3-month daily shares

How the reading moved

These changes re-score an older EWD÷SPY ratio against today's 10-year window, so they show whether the relative price has drifted toward the highs or lows of its own history — not a peer ranking and not a return forecast.

About one week: +2.6 pts (from 1.1% on Jun 30, 2026 to 3.7% now)
About one month: +1.2 pts (from 2.5% on May 29, 2026 to 3.7% now)

Developed Markets

Where this sits among peers

Developed Markets · EWD highlighted · same axes as the category chart on the home page

Top holdings

SymbolNameWeight

INVE BInvestor AB Class B9.6%

SPOTSpotify Technology SA8.9%

VOLV-B.STVolvo AB Class B6.9%

ATCO-A.STAtlas Copco AB Class A6.8%

SAND.STSandvik AB5.6%

ASSA-B.STAssa Abloy AB Class B4.2%

SWED-A.STSwedbank AB Class A4.0%

ERIC-B.STTelefonaktiebolaget L M Ericsson Class B4.0%

SEB-A.STSkandinaviska Enskilda Banken AB Class A3.9%

ATCO BAtlas Copco AB Class B3.5%

Holdings snapshot as of Jul 17, 2026.

What moves this

EWD tracks a small, open, industrials- and financials-heavy economy where the krona's moves against the dollar can add as much volatility to this ETF's relative price as the underlying Swedish equity market itself.

FAQ

Why is currency such a big factor for Sweden's fund?

Sweden is a small open economy with its own floating currency, and swings in the krona against the dollar directly affect this dollar-denominated fund's relative price.

What sectors dominate this index?

Industrials and financials make up the bulk of the index, giving it a valuation profile that leans cyclical.

Is Sweden's market similar to Germany's given both are industrial exporters?

There's a family resemblance in the industrial-export exposure, but Sweden's much smaller market size and independent currency make it considerably more volatile than Germany's.