EDEN ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The iShares MSCI Denmark ETF (EDEN), which invests in Danish stocks, tracks the MSCI Denmark Index and is a single-country ETF with heavy weightings in healthcare and industrials. The key points to check are the expense ratio, dividends, and country and holding concentration risk, and the article compares its outlook with other country ETFs.
SubscribeWhat Is the iShares MSCI Denmark ETF?
It is a single-country ETF that tracks the MSCI Denmark Index and holds large- and mid-cap stocks listed in Denmark on a market-cap-weighted basis. A capping method is applied to limit the weight of individual stocks.
It suits investors who want concentrated exposure to Denmark or the Nordic market and are willing to accept single-country concentration risk.
It is a passive (index-tracking) ETF managed by iShares (BlackRock).
How Does the iShares MSCI Denmark ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | MSCI Denmark Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Semiannual |
| Manager | iShares (BlackRock) |
| Total Expense Ratio | 0.53% |
The fund holds stocks listed on the Danish market in line with the index composition, while applying a capping method so that no single stock's weight becomes excessive. With high weightings in the healthcare and industrials sectors, its performance is tied to Denmark's leading companies.
- Rare, concentrated exposure to the single country of Denmark
- Sector mix centered on healthcare and industrials
iShares MSCI Denmark ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $180.9M, and the total expense ratio is 0.53% per year.
As a single-country European ETF, its comparison group includes other country ETFs such as those for the UK, Germany and Switzerland, and it differs from them in expense level and sector composition.
iShares MSCI Denmark ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeIts performance tends to be driven by the earnings of leading Danish companies, the euro and krone exchange rate, and conditions in the global healthcare industry. Because it is a single-country fund, the whole index reacts sensitively to moves in specific large-cap stocks.
As a single-country ETF, its asset base tends to be smaller than that of globally diversified core products, and fund flows tend to fluctuate with the European market environment and investor sentiment toward the healthcare sector.
iShares MSCI Denmark ETF Strengths and Weaknesses
Its strength is that it offers easy diversified exposure to the Danish market through a single holding, while its weaknesses are concentration in one country and a few stocks, as well as currency exposure.
💪 Key Strengths
⚠️ Points to Watch
iShares MSCI Denmark ETF Alternative ETFs and Related Products
The funds shown in the table, EWU (UK), EWG (Germany), EWL (Switzerland), EWP (Spain) and EWC (Canada), belong to the same iShares single-country series and are direct alternatives when you want exposure to another country instead of Denmark. To broaden diversification across Europe, you can also consider a broad European ETF such as VGK, and to cover all developed markets outside the US, EFA.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWC | iShares MSCI Canada ETF | $60.86 | +0.3% | $7.5B | 0.50% | 1.23% | +19.7% |
 EWU | iShares MSCI United Kingdom ETF | $47.61 | +0.2% | $3.7B | 0.50% | 3.14% | +11.3% |
 EWL | iShares MSCI Switzerland ETF | $62.92 | -0.2% | $2.9B | 0.50% | 1.73% | +10.2% |
 EWP | iShares MSCI Spain ETF | $57.24 | -0.4% | $2.0B | 0.50% | 2.91% | +15.2% |
 EWG | iShares MSCI Germany ETF | $41.24 | +0.7% | $1.5B | 0.49% | 2.02% | -0.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk ADR | 0.59% | $39.13 | +0.2% | $130.9B | 9.6 | 4.5% |
 TRMD | Torm Plc | 0.03% | $41.07 | +3.0% | $4.2B | 6.8 | 15.44% |
 ESEA | Euroseas Ltd | 0.00% | $66.17 | -0.7% | $434.7M | 3.4 | 4.76% |
 EEA | European Equity Fund Inc | 0.00% | $10.12 | +0.5% | $69.3M | - | 9.57% |
iShares MSCI Denmark ETF Investor Checkpoints
These are the points to review before investing in EDEN. Because it is a single-country ETF, it is important to thoroughly check the cost burden, country concentration, the skew toward a few large-cap stocks, and the currency impact in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cost burden of a single-country ETF | Needs checking |
| 🌍 Country Concentration | Whether you can tolerate exposure to Denmark alone | Concentrated exposure |
| 📊 Top Holdings | Trend in the weight of a few large-cap stocks | High concentration |
| 💱 Currency | Impact on returns converted into Korean won | No currency hedge applied |
Because the structure is concentrated in a single country and a few large-cap stocks, volatility can be large when issues arise with individual stocks or the country. Compared with globally diversified core assets, you should allow for the possibility of wider swings.
It is a single-country ETF designed to give easy exposure to the Danish market. It is worth considering if you understand the risks of concentrated investing and use it as a satellite asset in your portfolio.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 19, 2026.
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