iShares MSCI Sweden ETF
EWD - ETF AI Analysis
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iShares MSCI Sweden ETF (EWD)
EWD, the iShares MSCI Sweden ETF, earns a solid overall rating thanks to several strong Swedish companies with healthy finances, reasonable valuations, and supportive technical trends. Major holdings like Investor AB, Volvo, Assa Abloy, and Swedbank contribute positively through robust revenue growth, profitability, dividends, and generally favorable price trends, while names such as Spotify and Atlas Copco add growth but bring risks around high valuations and some bearish or neutral technical signals. The main risk factor is the ETF’s concentrated exposure to a single country (Sweden), which means its performance is closely tied to the Swedish economy and market conditions.
EWD vs. SPDR S&P 500 ETF (SPY)
- AUM
- 1.38B
- Region
- Europe
- Expense Ratio
- 0.51%
- Beta
- 0.97
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Dividend Yield
- 3.41%
- Asset Class
- Equity
- Index Tracked
- MSCI Sweden 25-50
EWD Summary
The iShares MSCI Sweden ETF (EWD) is a fund that tracks the MSCI Sweden 25-50 Index, giving you broad exposure to Swedish stocks in one investment. It holds companies from many parts of the Swedish economy, including technology, manufacturing, and consumer goods. Well-known names in the fund include Spotify and Volvo. Someone might invest in EWD to diversify internationally and benefit from the growth potential of Sweden’s innovative, export-focused companies. A key risk is that the fund is heavily tied to Sweden’s stock market and economy, so its value can rise or fall with that market.
How much will it cost me?
This ETF has an expense ratio of 0.51%, which means you’ll pay about $5.10 per year for every $1,000 invested. That’s higher than the average cost of broad, passively managed index ETFs, mainly because it focuses on a specific country (Sweden), which typically makes it more specialized and a bit pricier.
What would affect this ETF?
This Sweden-focused ETF could benefit if the Swedish economy grows, global demand for exports like Volvo and Atlas Copco’s industrial products stays strong, and tech and communication names such as Spotify and Ericsson continue to innovate and attract users. On the downside, it may be hurt by European economic slowdowns, rising interest rates that pressure banks like Swedbank and SEB, currency swings between the Swedish krona and other major currencies, or new regulations affecting Swedish tech and financial companies.
EWD Top 10 Holdings
EWD is essentially a bet on Sweden’s industrial and financial backbone, with a dash of global tech flair. Investor AB and Sandvik are doing much of the heavy lifting, with steady-to-rising performance that supports the fund’s core. Assa Abloy and Ericsson have also been climbing, adding momentum from industrials and communications. On the flip side, Atlas Copco has been mixed lately, losing some steam and tempering gains, while Volvo has lagged. With all holdings rooted in Sweden, the ETF is geographically focused but sector-wise tilted toward industrials, banks, and tech-linked names.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 SPOT | Spotify | 11.54% | $146.33M | $123.22B | -5.07% | 66Neutral |
 SE:INVE.B | Investor AB | 9.84% | $124.74M | SEK 1.32T | 36.07% | 77Outperform |
 SE:VOLV.B | Volvo AB | 6.55% | $83.00M | SEK 659.19B | 20.81% | 75Outperform |
 SE:ATCO.A | Atlas Copco AB | 6.34% | $80.39M | SEK 905.05B | 22.06% | 67Neutral |
 SE:SAND | Sandvik AB | 4.95% | $62.80M | SEK 463.24B | 25.38% | 70Outperform |
 SE:ASSA.B | Assa Abloy | 4.81% | $60.99M | SEK 438.53B | 11.00% | 76Outperform |
 SE:SWED.A | Swedbank | 4.49% | $56.91M | SEK 471.79B | 42.49% | 74Outperform |
 SE:SEB.A | Skandinaviska Enskilda Banken AB | 4.18% | $53.00M | SEK 435.89B | 19.38% | 71Outperform |
 SE:ERIC.B | Telefonaktiebolaget LM Ericsson Class B | 3.68% | $46.71M | SEK 357.03B | 13.25% | 72Outperform |
 SE:ATCO.B | Atlas Copco AB | 3.26% | $41.28M | SEK 905.05B | 19.15% | 71Outperform |
EWD Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For EWD, the sentiment is Positive. The current price of 52.69 is above the 20-day moving average (MA) of 52.00, above the 50-day MA of 51.46, and above the 200-day MA of 50.99, indicating a bullish trend. The MACD of 0.51 indicates Negative momentum. The RSI at 54.80 is Neutral, neither overbought nor oversold. The STOCH value of 52.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EWD.
EWD Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| EWD | $52.69 | $57.00(8.18% Upside) | $1.38B | 0.51% | 69Neutral |
 IEUR | $75.63 | $86.47(14.33% Upside) | $9.85B | 0.09% | 63Neutral |
 EZU | $67.29 | $79.86(18.68% Upside) | $9.30B | 0.50% | 63Neutral |
 BBEU | $77.61 | $88.78(14.39% Upside) | $9.17B | 0.09% | 64Neutral |
 EWU | $47.97 | $55.25(15.17% Upside) | $3.67B | 0.50% | 73Outperform |
 EWL | $64.78 | $66.69(2.94% Upside) | $3.16B | 0.50% | 71Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| EWD | iShares MSCI Sweden ETF | 52.69 | 7.13 | 15.64% | |
| IEUR | iShares Core MSCI Europe ETF | 75.63 | 9.47 | 14.32% | |
| EZU | iShares MSCI Eurozone ETF | 67.29 | 7.12 | 11.82% | |
| BBEU | JPMorgan BetaBuilders Europe ETF | 77.61 | 9.57 | 14.07% | |
| EWU | iShares MSCI United Kingdom ETF | 47.97 | 6.92 | 16.87% | |
| EWL | iShares MSCI Switzerland ETF | 64.78 | 8.96 | 16.05% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.