Equity: Switzerland - Total Market
With 4 ETFs and over $1.25B in combined AUM, the Equity: Switzerland - Total Market segment provides exposure to the Switzerland space with a focus on Total Market securities.
Year-to-date, the best-performing ETF in the segment is the iShares Currency Hedged MSCI Switzerland ETF (HEWL), with a total return of 23.43%. Meanwhile, the most popular ETF is the iShares MSCI Switzerland ETF (EWL) with $1.07BB in assets under management.
Investors should take a look at the iShares MSCI Switzerland ETF (EWL). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. EWL tracks a market-cap-weighted index of Swiss stocks. It captures 85% of the publicly available market, excluding small-caps. EWL has an expense ratio of 0.47% and tracks the MSCI Switzerland 25/50 Index.
ETF.com Efficiency Insight
The average efficiency score in the Equity: Switzerland - Total Market segment is 73 out of 100, with the iShares MSCI Switzerland ETF(EWL) obtaining the highest rating of 91 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.47% per year, with the Franklin FTSE Switzerland ETF (FLSW) having the lowest expense ratio, charging investors 0.09% yearly.
Investors should look for funds with tight tracking, such as the First Trust Switzerland AlphaDEX Fund (FSZ), with a 12-month median tracking difference of -0.19%.
ETF.com Tradability Insight
The average tradability score in the Equity: Switzerland - Total Market segment is 57 out of 100, with the iShares MSCI Switzerland ETF(EWL) obtaining the highest rating of 91 out of 100.
The iShares MSCI Switzerland ETF (EWL) is the undisputed segment leader when it comes to liquidity. The fund trades 31.13M in daily average volume. Investors should also find ample liquidity in the First Trust Switzerland AlphaDEX Fund (FSZ), with $224.54K in daily dollar volume.
Use limit orders to trade funds such as the First Trust Switzerland AlphaDEX Fund(FSZ), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI Switzerland IMI has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to EWL. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, HEWL follows a Currency Hedged Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.