EWD holdings and overlap
iShares MSCI Sweden ETF (EWD) holds 39 positions in its iShares file of 2026-10-27. Its three largest are Spotify Technology S.A. (SPOT) at 10.92%, Investor (INVEB.SE) at 9.88% and Volvo (VOLVB.SE) at 6.48%, and its ten largest make up 58.8% of the fund.
In its iShares file of 2026-10-27, EWD is 40.4% industrials, 25.5% financials and 14.5% communication services by sector (no sector found for 4.3%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 99.2% of EWD is in Sweden.
What does EWD hold, as of its issuer file of 2026-10-27?
EWD spreads its weight across 39 positions, against a median of 54 across the 25 Europe funds with a page here. The position EWD carries furthest above that group is Investor at 9.88% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | SPOT Spotify Technology S.A. | 10.92% | |
| 2 | INVEB.SE Investor | 9.88% | |
| 3 | VOLVB.SE Volvo | 6.48% | |
| 4 | ATCOA.SE Atlas Copco | 6.33% | |
| 5 | SAND.SE Sandvik | 4.91% | |
| 6 | ASSAB.SE Assa Abloy B | 4.8% | |
| 7 | SWEDA.SE Swedbank | 4.27% | |
| 8 | SEBA.SE Skandinaviska Enskilda Banken | 4.04% | |
| 9 | ERICB.SE Ericsson B | 3.92% | |
| 10 | ATCOB.SE Atlas Copco | 3.27% | |
| 11 | HEXAB.SE Hexagon | 3.04% | |
| 12 | SHBA.SE Svenska Handelsbanken-A | 2.89% | |
| 13 | SAABB.SE Saab | 2.81% | |
| 14 | ALFA.SE Alfa Laval | 2.13% | |
| 15 | EPIA.SE Epiroc | 2.13% | |
| 16 | ESSITYB.SE Essity | 2.12% | |
| 17 | EQT.SE Eqt | 1.93% | |
| 18 | BOL.SE Boliden | 1.92% | |
| 19 | TELIA.SE Telia Company | 1.49% | |
| 20 | EVO.SE Evolution | 1.43% | |
| 21 | SKFB.SE SKF B | 1.24% | |
| 22 | SKAB.SE Skanska B | 1.22% | |
| 23 | TRELB.SE Trelleborg B | 1.2% | |
| 24 | SOBI.SE Swedish Orphan Biovitrum | 1.18% | |
| 25 | HMB.SE Hennes & Mauritz | 1.12% | |
| 26 | TEL2B.SE Tele2 B | 1.11% | |
| 27 | INDUC.SE Industrivarden Series | 1.09% | |
| 28 | EPIB.SE Epiroc | 1.08% | |
| 29 | ADDTB.SE Addtech | 1.06% | |
| 30 | SECUB.SE Securitas B | 0.99% | |
| 31 | SCAB.SE Svenska Cellulosa B | 0.98% | |
| 32 | TIGO Millicom International Cellular S.A. | 0.97% | |
| 33 | INDT.SE Indutrade | 0.92% | |
| 34 | NIBEB.SE Nibe Industrier | 0.89% | |
| 35 | BEIJB.SE Beijer Ref | 0.88% | |
| 36 | LIFCOB.SE Lifco | 0.85% | |
| 37 | INDUA.SE Industrivarden A | 0.79% | |
| 38 | LUNDB.SE Lundbergforetagen | 0.57% | |
| 39 | VSURE.SE Verisure PLC | 0.37% |
The most recent file iShares has published for EWD is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 39 positions EWD holds, with its weight, is in the fund's JSON file. See the other 51 ETFs with a page here that hold SPOT, and how their weights compare with the 10.92% EWD gives it.
Category: Europe, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Sweden, which this site counts in Europe. How categories are set.
https://tickerinside.com/api/v1/fund/ewd.jsonhttps://tickerinside.com/api/v1/fund/ewd.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/ewd.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/ewd.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/ewd.jsonHow much money went into or out of EWD?
On the close of Friday, October 23, 2026, $3.8 million went into EWD, 0.35% of its assets, as it created shares. Over its last 5 closes, a net inflow of $15 million.
From EWD's own holdings files. Every ETF's latest flows.
How is EWD split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Industrials | 40.4% | |
| Financials | 25.5% | |
| Communication services | 14.5% | |
| Technology | 7.0% | |
| Materials | 2.9% | |
| Consumer discretionary | 2.5% | |
| Consumer staples | 2.1% | |
| No sector found | 4.3% |
| Country | Weight | Weight bar |
|---|---|---|
| Sweden | 99.2% |
From its iShares file of 2026-10-27. How these are measured.
What did EWD hold in its SEC reports since 2019?
In EWD's SEC filings, its largest position went from Ericsson LM B (ERICB.SE) at 7.03% on 2019-11-30 to Spotify Technology S.A. (SPOT) at 9.69% on 2026-05-31, across 27 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-11-30 | 33 | ERICB.SE 7.03% | 54.2% |
| 2020-11-30 | 36 | ERICB.SE 6.87% | 52.1% |
| 2021-11-30 | 41 | INVEB.SE 6.81% | 49.9% |
| 2022-11-30 | 45 | NDAFI.FI 7.14% | 50.1% |
| 2023-11-30 | 43 | ATCOA.SE 8.00% | 53.0% |
| 2024-11-30 | 43 | SPOT 11.92% | 55.1% |
| 2025-11-30 | 41 | SPOT 12.32% | 56.4% |
| 2026-05-31 | 43 | SPOT 9.69% | 57.2% |
The first report, then the last of each year, of the 27 reports EWD filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/ewd/{date}.json. How these are read.
What does EWD share with other ETFs?
The ETF nearest to EWD is IDLV: the two hold 6.8% of their weight in common, in the 14 companies both own, and 37.9% of EWD itself is also held there. EWD barely overlaps any covered ETF.
| ETF | Overlap by weight | Of EWD held there | Of that ETF in EWD | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| IDLV | 6.8% | 37.9% | 6.8% | 14 | |
| PIZ | 6.8% | 21.4% | 6.8% | 4 | |
| EUFN | 5.6% | 25.6% | 5.7% | 8 | |
| EFG | 5.2% | 76.1% | 5.3% | 28 | |
| IEUR | 4.9% | 100.0% | 4.9% | 39 | |
| IDHQ | 4.7% | 46.7% | 4.7% | 16 | |
| IEV | 4.7% | 83.1% | 4.7% | 31 | |
| DMXF | 4.3% | 62.4% | 4.4% | 25 | |
| VGK | 4.2% | 88.0% | 4.3% | 37 | |
| IQLT | 4.0% | 61.1% | 4.0% | 23 | |
| SPEU | 3.9% | 80.4% | 3.9% | 33 | |
| IMFL | 3.6% | 87.7% | 3.6% | 36 |
VGK's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check EWD against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to EWD?
USRT shares 0% of weight with EWD and its weekly returns correlate with it at 0.49 over three years. The table lists the covered ETFs with the least in common with EWD, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.49 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.50 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.50 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.57 | 0 |
| VLUE | iShares MSCI USA Value Factor ETF | 0.0% | 0.58 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.60 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.61 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.62 | 0 |
Cost, returns and risk
| Expense ratio | 0.51% |
|---|---|
| Dividend yield | 3.60% |
| Total return, 1 year | 11.0% |
| Total return, 3 years cumulative | 71.4% |
| Total return, 5 years cumulative | 23.7% |
| Volatility, annualised | 19.7% |
| Worst fall, 3 years | -15.4% |
| Beta against SPY, 3 years of weekly returns | 0.96 |
| Weight in the ten largest positions | 58.8% |
| Largest single position | 10.9% |
| Assets under management | $0.9B |
Expense ratio, yield and assets are reference data (the expense ratio from EWD's SEC filing of 2025-12-30); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.68loosely linked | 185 |
| QQQ | 0.58loosely linked | 220 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 6.9% |
| 2025 | 36.5% |
| 2024 | -3.9% |
| 2023 | 25.1% |
| 2022 | -27.8% |
One year
Where to go next
- EWG, iShares MSCI Germany ETF
- EWI, iShares MSCI Italy ETF
- EWL, iShares MSCI Switzerland ETF
- EWN, iShares MSCI Netherlands ETF
- Run a portfolio x-ray to see what EWD carries once you look through it
- Compare EWD against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares MSCI Sweden ETF (EWD), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/ewd/, CC BY 4.0
<a href="https://tickerinside.com/etf/ewd/">TickerInside</a> (https://tickerinside.com/etf/ewd/)