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EWD - ETF AI Analysis
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iShares MSCI Sweden ETF (EWD)
Rating:68Neutral
Price Target:―
Positive Factors
Broad Exposure to Swedish Market
The fund gives investors simple, one-stop access to a wide range of leading Swedish companies.
Strong Industrial and Financial Holdings
Many of the largest positions in industrials and financials have shown generally positive performance, helping support the ETF’s recent gains.
Recent Positive Performance Trend
The ETF has delivered steady gains over the past few months, indicating improving momentum in its underlying market.
Negative Factors
High Country Concentration
Most of the portfolio is invested in Sweden, so the fund is heavily exposed to the health of a single country’s economy and currency.
Sector Concentration in Industrials and Financials
A large share of assets is tied up in industrial and financial stocks, which can hurt returns if these sectors fall out of favor.
Mixed Performance Among Top Holdings
Some major positions, such as Spotify and Ericsson, have shown weak performance this year, which can drag on overall fund results.
EWD vs. SPDR S&P 500 ETF (SPY)
AUM344.64M
RegionEurope
Expense Ratio0.51%
Beta0.90
IssueriShares
Inception DateMar 12, 1996
Dividend Yield3.02%
Asset ClassEquity
Index TrackedMSCI Sweden 25-50
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume184,759
30 Day Avg. Volume99,106
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
54.86Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering38
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 across many sectors, including industrials, financials, and technology. It holds well-known companies like Spotify and Volvo, along with major Swedish banks and manufacturers. Someone might invest in EWD to diversify internationally and benefit from the growth potential of Sweden’s innovative, export-focused economy in a single, easy-to-buy investment. A key risk is that it is heavily tied to Sweden’s stock market and economy, so its price can rise and fall significantly with that market.
How much will it cost me?The iShares MSCI Sweden ETF (EWD) has an expense ratio of 0.54%, meaning you’ll pay $5.40 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is passively managed but focuses on a niche market, which can involve higher costs to track the MSCI Sweden Index accurately.
What would affect this ETF?The iShares MSCI Sweden ETF (EWD) could benefit from Sweden's strong industrial and technology sectors, which are known for innovation and export-driven growth, especially if global demand for manufacturing and tech products remains high. However, the ETF may face challenges if European economic conditions weaken or if interest rate hikes negatively impact financial and real estate sectors, which are significant components of its portfolio. Additionally, regulatory changes or geopolitical tensions in Europe could affect the performance of its top holdings, such as Spotify and Volvo.
EWD Top 10 Holdings
This Sweden-focused ETF leans heavily on industrial champions, with Atlas Copco, Volvo, and Sandvik doing much of the heavy lifting as their shares have been steadily rising in recent months. Financial names like Investor AB, Swedbank, and SEB add a solid, income-friendly backbone and have generally been moving in the right direction. On the flip side, Spotify has been losing steam and Ericsson looks mixed, which has weighed on returns. Overall, the fund is a concentrated bet on Swedish industrial strength with a dash of global tech flair, all tied to Sweden’s home market.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Investor AB | 8.98% | $30.08M | kr1.11T | 15.16% | 77 Outperform | |
| Spotify | 8.97% | $30.05M | $98.01B | -35.24% | 66 Neutral | |
| Volvo AB | 7.39% | $24.75M | kr698.02B | 8.25% | 75 Outperform | |
| Atlas Copco AB | 6.91% | $23.16M | kr886.05B | 2.52% | 67 Neutral | |
| Sandvik AB | 5.51% | $18.46M | kr478.42B | 63.94% | 70 Outperform | |
| Assa Abloy | 5.29% | $17.74M | kr432.65B | 18.99% | 76 Outperform | |
| Swedbank | 4.06% | $13.60M | kr396.20B | 41.43% | 74 Outperform | |
| Skandinaviska Enskilda Banken AB | 3.98% | $13.35M | kr391.91B | 19.57% | 71 Outperform | |
| Telefonaktiebolaget LM Ericsson Class B | 3.80% | $12.72M | kr335.54B | 17.51% | 72 Outperform | |
| Atlas Copco AB | 3.49% | $11.69M | kr886.05B | 0.31% | 71 Outperform |
EWD Technical Analysis
Positive
―
Price Trends
50.37
Positive
48.70
Positive
46.68
Positive
Market Momentum
0.99
Negative
66.59
Neutral
88.54
Negative
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 undefined is equal to the 20-day moving average (MA) of 52.50, equal to the 50-day MA of 50.37, and equal to the 200-day MA of 46.68, indicating a bullish trend. The MACD of 0.99 indicates Negative momentum. The RSI at 66.59 is Neutral, neither overbought nor oversold. The STOCH value of 88.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EWD.
EWD Peer Comparison
Comparison Results
Performance Comparison
EWD
iShares MSCI Sweden ETF
54.56
12.23
28.89%
FLGB
Franklin FTSE United Kingdom ETF
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SPEU
SPDR Portfolio Europe ETF
―
―
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DBEU
Xtrackers MSCI Europe Hedged Equity ETF
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EWI
iShares MSCI Italy ETF
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―
EWQ
iShares MSCI France ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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.Date of analysis: ―
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