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) operates within the Single Country - Developed category, where it is one of 18 funds tracked by ETFValuer. Issued by iShares, the fund manages $1.45 billion in assets and trades at a price of $29.32. It holds an overall rank of #387 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 48.8 out of 100. The fund charges an expense ratio of 0.5% and offers a dividend yield of 2.00%. The combination of a mid-tier asset size and a lower overall rank suggests a specific level of investor adoption relative to the broader universe of available funds. These metrics collectively define the fund's current standing as a moderately sized vehicle with a cost structure typical for its specific geographic focus.

Recent price action shows a 1-day return of +1.52% and a weekly gain of +2.23%, indicating short-term positive momentum. Over the past month, the fund has advanced +4.83%, while the three-month return stands at +1.86%, suggesting a deceleration in gains during that intermediate period. The six-month return has accelerated to +7.65%, and year-to-date performance is notably stronger at +12.32%. This upward trajectory continues over the longer term, with a one-year return of +14.20% and a three-year return of +45.34%. The data reveals a pattern where longer holding periods have captured significantly higher cumulative returns compared to the shorter-term fluctuations.

The fund carries a Moderate volatility label and a beta of 0.98, indicating that its price movements generally track the broader market with slightly less sensitivity. A Sharpe ratio of 0.53 reflects the risk-adjusted return generated relative to the volatility experienced. During market downturns, the fund has experienced a maximum drawdown of -21.91%, which defines the largest peak-to-trough decline recorded. This combination of a beta near unity and a moderate volatility rating suggests the fund moves in tandem with its benchmark but with a defined capacity for significant temporary losses. The risk profile implies that while the fund does not exhibit extreme deviation from market norms, investors must be prepared for drawdowns exceeding 20% during adverse conditions.

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

EWA Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 65.0% 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 (29.5% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 — 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