EWA — iShares MSCI Australia ETF

EWA Price Performance — Growth of $10,000

Value of a $10,000 investment in EWA over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

EWA Drawdown

The "underwater" chart: EWA's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI Australia ETF (EWA) is a Single Country - Developed fund issued by iShares with $1.45 billion in assets under management. It currently holds an overall rank of #392 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of D with a score of 46.5 out of 100. The fund charges an expense ratio of 0.5% and offers a dividend yield of 2.03%. Trading at a price of $28.72, the fund's asset size places it among the larger vehicles in its specific category, which contains 18 ETFs tracked by ETFValuer. The combination of a moderate asset base and a lower-tier grade suggests a specific positioning relative to the broader universe of available options. Its cost structure and income profile are standard metrics for evaluating the fund's operational efficiency and shareholder return potential. The current market price reflects the fund's standing within the competitive landscape of single-country developed equity exposures.

Recent performance data shows a 1-day return of +0.81% followed by a slight 1-week decline of -0.10%. Over the past month, the fund posted a gain of +2.90%, though the 3-month period ended with a loss of -0.50%. Year-to-date returns have reached +10.03%, while the 6-month return stands at +7.59%. The 1-year return is recorded at +10.45%, and the 3-year return totals +36.15%. This pattern indicates a divergence where short-term fluctuations have been mixed, but longer-term horizons have delivered positive cumulative gains. The acceleration from the 3-month negative result to the strong 1-year and 3-year figures suggests a recovery or sustained upward trend over extended periods.

The fund carries a Moderate volatility label and a beta of 0.98, indicating price movements that generally align closely with the broader market. A Sharpe ratio of 0.31 suggests that the risk-adjusted returns generated have been relatively modest compared to the volatility experienced. The maximum drawdown of -21.91% highlights the potential for significant temporary losses during market downturns. This combination of a near-market beta and a substantial drawdown implies the fund participates fully in market declines while offering limited downside protection. The moderate volatility rating aligns with the observed beta, confirming that the fund does not exhibit extreme price swings relative to its benchmark. Investors should consider that the Sharpe ratio reflects the trade-off between the fund's return profile and the magnitude of its historical drawdowns.

AI-generated summary based on the data on this page.

EWA Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 64.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EWA's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EWA

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EWA's top 10 — VYMI overlaps most, holding 2 of the same companies as EWA's top 10 (27.7% of EWA's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

EWA Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.08% and average daily volume is 2.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.45B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EWA is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

EWA Performance History

How EWA Compares to Other Single Country - Developed ETFs