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EWA vs EWC

iShares MSCI Australia ETF

EWABNYSE Arca

iShares MSCI Canada ETF

EWCANYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

EWA0.50%EWC0.50%

Avg volume · 30D

EWA 1.4×the volume

EWA2.41MEWC1.68M

10Y return · a year

EWC +3.2pt

EWA+8.2%EWC+11.4%

EWA vs EWC Performance

Oct 29, 2021 – Oct 30, 2026

+37.4%EWA+71.2%EWC

Oct 29, 2021 to Oct 30, 2026. EWA +37.4%. EWC +71.2%. Use the arrow keys to read each point.−20%0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
EWA 0.50%
EWC 0.50%
Fund size
EWA $1.25B
EWC $7.58B
1Y total return
EWA +13.8%
EWC +21.1%, better
Yield (12M)
EWA 2.87%, better
EWC 1.24%
Holdings
EWA 47
EWC 83
Avg volume (30D)
EWA 2.41M sh, better
EWC 1.68M sh
NAV per share
EWA $29.46
EWC $60.62
52W range

ETF.net Grade

EWA: Cost 55, Risk 49, Mission 82, Tradability 92, Holdings 46, Durability 76. EWC: Cost 55, Risk 87, Mission 90, Tradability 97, Holdings 78, Durability 80.
Pillar letters and Scores for EWA, EWC, with each pillar’s weight
PillarEWAEWC
Cost30% weightB55B55
Mission25% weightA82A90Higher
Risk15% weightC49A87Higher
Tradability15% weightA92A97Higher
Holdings10% weightC46A78Higher
Durability5% weightA76A80Higher

Rank among Developed Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EWA and EWC are both graded against the same 38 Developed Single Country funds, so their Grades compare head to head.

Developed Single Country⁠

Category · 38 funds
See all 38 ›

EWC ranks 1st and EWA 8th of 38 funds in the Developed Single Country Category.

  1. Rank 1AEWCiShares MSCI Canada ETFScore 78
  2. Rank 1AFLCAFranklin FTSE Canada ETFScore 78
  3. Rank 7BEWGiShares MSCI Germany ETFScore 67
  4. Rank 8BEWAiShares MSCI Australia ETFScore 66
  5. Rank 8BFLGRFranklin FTSE Germany ETFScore 66

Our read on each fund

ETF.net Research

EWABiShares MSCI Australia ETF

EWCAiShares MSCI Canada ETF

In short

EWA Trading 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.

EWC A 1996 original: Canada's large and mid caps in one ticker, back when single-country funds were still a novelty. About 80 names, held through a capped MSCI index built so one giant can't swamp the basket.

Stated mandate

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

EWC The fund seeks to track an index representing Canadian equities, providing exposure to large- and mid-sized companies in Canada.

Why people hold it

  • EWA Live since 1996, so its record spans multiple market cycles rather than one lucky stretch.
  • Sticks closely to the MSCI Australia Index it promises, one of the tighter mandate deliveries among developed single-country funds.
  • A multi-billion-dollar fund that changes hands actively every day, unlike the thin end of the country-ETF shelf.
  • At 0.50% a year, it sits right at the going rate for developed single-country funds.
  • EWC Running since 1996, which makes it one of the oldest US-listed ETFs still trading, and it is a multi-billion-dollar fund today.
  • Tracks the MSCI Canada Custom Capped Index closely, one of the tighter index-following records in its single-country developed peer group.ishares.com
  • Actively traded with among the easiest fills in its peer group, so the cost of getting in and out stays modest.
  • The capped index trims outsized single-name weights, so roughly 80 holdings stay a basket rather than a wager on two or three giants.ishares.com

Worth knowing

  • EWA Cheaper Australia exposure exists: Franklin's FLAU charges 0.09% for the same country, using a FTSE index instead of MSCI.
  • One country, about 50 stocks. Concentration cuts both ways, and the ride is bumpier than a globally diversified fund.
  • Distributions land annually or semiannually, not monthly, so income arrives in lumps.
  • EWC At 0.50%, the fee sits right at the median for single-country developed funds, and cheaper Canada exposure exists: BBCA runs 0.19%.
  • One country, about 80 stocks: a concentrated slice of the world, with Canadian dollar moves riding along in your US-dollar return.ishares.com
  • Distributions land once or twice a year rather than monthly or quarterly, so income arrives in lumps.

Full EWA profile⁠

Full EWC profile⁠

EWA vs EWC Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EWA vs EWC Cost

Same expense ratio

$9,979

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EWA 0.50%

    $9,979

  • EWC 0.50%

    $9,979

$10,000
30 years

Cost over time

  • EWA 0.50%
  • EWC 0.50%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530EWA $9,979EWC $9,979

Year by year

YearEWAEWC
10$900$900
20$3,460$3,460
30$9,979$9,979

Expense ratio

  • 0.50%EWA
  • 0.50%EWC
  • Middle half of Developed Single Country funds
  • Median 0.50%

EWA 14th cheapest of 38 funds

EWC 14th cheapest of 38 funds

EWA vs EWC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EWA 2.87%, better
EWC 1.24%
Payout (12M)
EWA $0.85
EWC $0.75
Last payment
EWA $0.40
EWC $0.28
Ex-dividend
EWA Jun 15, 2026
EWC Jun 15, 2026
Paid on
EWA Jun 18, 2026
EWC Jun 18, 2026
Frequency
EWA Twice a year
EWC Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWATwice a year · 20 paymentsAll EWA payments⁠
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.$0$0.502017202020232026YTD
EWCTwice a year · 19 paymentsAll EWC payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.22; Dec 19, 2017 $0.37; Jun 19, 2018 $0.22; Dec 18, 2018 $0.41; Jun 17, 2019 $0.25; Dec 16, 2019 $0.39; Jun 15, 2020 $0.26; Dec 14, 2020 $0.39; Jun 10, 2021 $0.23; Dec 13, 2021 $0.48; Jun 9, 2022 $0.28; Dec 13, 2022 $0.49; Jun 7, 2023 $0.35; Dec 20, 2023 $0.49; Jun 11, 2024 $0.35; Dec 17, 2024 $0.55; Jun 16, 2025 $0.31; Dec 16, 2025 $0.47; Jun 15, 2026 $0.28. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EWA vs EWC Risk

Fall from peak · 5 years

  • EWA
  • EWC
Oct 29, 2021 to Oct 30, 2026. Worst fall: EWA −24.8% · Oct 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EWA 16.3%EWC 13.1%, better
Return per unit of riskSharpe ratio, 3 years
EWA 0.75EWC 1.54, better
Worst fallMax drawdown, 5 years
EWA −24.8%EWC −24.8%Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
EWA 0.99EWC 0.88

EWA and EWC in the news

All news⁠

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