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EWA

GradeBNew York Stock Exchange Arca

iShares MSCI Australia ETF

Countries & Regions · IShares · Inception 1996-03-11 · SEC filings

$28.40−0.69 (−2.37%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 29.09 to 28.40. Range 28.30 to 28.66. Use the arrow keys to read each point.$28.30$28.50$28.60$28.7010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$1.3B
1Y return
+11.5%
Yield · Last 12 months
2.92%
Holdings
43
Volume · 30D
2.4M sh
NAV per share
$29.05
52W range
low $24.94high $30.48

The ETF.net EWA Grade

B

64/ 100

Rank 10 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for EWA. Scores out of 100: Cost 55, Risk 44, Mission 82, Tradability 83, Holdings 43, Durability 76. Strongest: Tradability (83). Weakest: Holdings (43). Leans toward Tradability and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank12/38 · top 32%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 82
    Category rank6/35 · top 17%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank21/37 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 83
    Category rank2/38 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 43
    Category rank24/36 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 76
    Category rank5/38 · top 13%

Graded as of Sep 22, 2026

Our read on EWA

ETF.net Research

BTrading since 1996, EWA is the veteran way to own Australia from a US brokerage account: roughly 50 of the market's biggest listed names, tracking the MSCI Australia Index, in one ticker.

Stated mandate

The fund seeks to track an index of Australian equities, providing targeted exposure to companies in Australia.

Why people hold it

  1. 01Live since 1996, so its record spans multiple market cycles rather than one lucky stretch.
  2. 02Sticks closely to the MSCI Australia Index it promises, one of the tighter mandate deliveries among developed single-country funds.
  3. 03A multi-billion-dollar fund that changes hands actively every day, unlike the thin end of the country-ETF shelf.
  4. 04At 0.50% a year, it sits right at the going rate for developed single-country funds.

Worth knowing

  1. 01Cheaper Australia exposure exists: Franklin's FLAU charges 0.09% for the same country, using a FTSE index instead of MSCI.
  2. 02One country, about 50 stocks. Concentration cuts both ways, and the ride is bumpier than a globally diversified fund.
  3. 03Distributions land annually or semiannually, not monthly, so income arrives in lumps.

EWA Holdings

As of Sep 22, 2026, 3:21 AM
Asset class
Stocks
Holdings
43
Top-10 weight
65%
Largest holding
BHP.AX15.5%

Sectors

  • Financials41.1%
  • Materials26.7%
  • Consumer Discr.6.5%
  • Health Care5.2%
  • Energy4.3%
  • Industrials4.2%
  • Real Estate4.1%
  • Cons. Staples4.0%
  • Utilities1.7%
  • Communication1.3%
  • Technology1.0%

Geography

  • Australia99.49%
  • New Zealand0.51%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BHP.AXBHP GROUP LTD15.51%4,486,738$195M151
002CBA.AXCOMMONWEALTH BANK OF AUSTRALIA12.76%1,477,623$160M118
003NAB.AXNATIONAL AUSTRALIA BANK LTD6.00%2,752,449$75M123
004WBC.AXWESTPAC BANKING CORPORATION5.94%3,019,836$75M119
005ANZ.AXANZ GROUP HOLDINGS LTD5.68%2,662,618$71M116
006MQG.AXMACQUARIE GROUP LTD DEF4.35%321,923$55M108
007CSL.AXCSL4.21%422,864$53M120
008WES.AXWESFARMERS4.15%1,002,729$52M120
009RIO.AXRIO TINTO LTD3.11%328,209$39M126
010WDS.AXWOODSIDE ENERGY GROUP LTD3.08%1,677,831$39M114
011GMG.AXGOODMAN GROUP UNITS2.56%1,761,537$32M100
012WOW.AXWOOLWORTHS GROUP LTD2.34%1,079,125$29M109
013TCL.AXTRANSURBAN GROUP STAPLED UNITS2.07%2,755,759$26M115
014QBE.AXQBE INSURANCE GROUP1.75%1,318,819$22M124
015ALL.AXARISTOCRAT LEISURE1.64%476,203$21M114

Showing 1–15 of 47 holdings

EWA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EWA$11,147
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EWA $11,147. SPY $11,723. Use the arrow keys to read each point.$9,209$10,580$11,951Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EWA. Periods over one year show the average yearly return.
PeriodEWA
Year to date+12.6%
1 month−3.5%
3 months+2.2%
1 year+11.5%
3 years+14.2%per year
5 years+7.2%per year
10 years+7.9%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EWA
YearReturn barEWA
2026 YTD+12.6%
2025+13.4%
2024+1.6%
2023+13.9%
2022−5.9%
2021+9.0%
2020+8.3%

EWA in the news

EWA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.92%Last 12 months
Payout per share
$0.85Last 12 months
Last payment
$0.40 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.47; Dec 19, 2017 $0.56; Jun 19, 2018 $0.43; Dec 18, 2018 $0.74; Jun 17, 2019 $0.44; Dec 16, 2019 $0.46; Jun 15, 2020 $0.28; Dec 14, 2020 $0.20; Jun 10, 2021 $0.38; Dec 13, 2021 $0.67; Dec 30, 2021 $0.22; Jun 9, 2022 $0.74; Dec 13, 2022 $0.43; Jun 7, 2023 $0.42; Dec 20, 2023 $0.49; Jun 11, 2024 $0.47; Dec 17, 2024 $0.42; Jun 16, 2025 $0.40; Dec 16, 2025 $0.44; Jun 15, 2026 $0.40. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.40
Dec 16, 2025Dec 19, 2025$0.44
Jun 16, 2025Jun 20, 2025$0.40
Dec 17, 2024Dec 20, 2024$0.42
Jun 11, 2024Jun 17, 2024$0.47
Dec 20, 2023Dec 27, 2023$0.49
Jun 7, 2023Jun 13, 2023$0.42
Dec 13, 2022Dec 19, 2022$0.43
Jun 9, 2022Jun 15, 2022$0.74
Dec 30, 2021Jan 5, 2022$0.22
Dec 13, 2021Dec 17, 2021$0.67
Jun 10, 2021Jun 16, 2021$0.38

EWA Risk

How much the fund’s monthly returns vary, scaled to a year.
16.1%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.64
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.8%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EWA Cost

Expense ratio0.50%
  • The middle half of Developed Single Country funds
  • Median 0.50%

13 of the 38 Developed Single Country funds charge less.

EWA costs $50.00 a year on $10,000. The median Developed Single Country fund costs $50.00.