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EWA vs FLCA

iShares MSCI Australia ETF

EWABNYSE Arca

Franklin FTSE Canada ETF

FLCAANYSE Arca

Overlap

Expense ratio

FLCA −0.41pt a year

EWA0.50%FLCA0.09%

Avg volume · 30D

EWA 49.2×the volume

EWA2.41MFLCA49K

5Y return · a year

FLCA +5.1pt

EWA+6.6%FLCA+11.7%

EWA vs FLCA Performance

Oct 29, 2021 – Oct 30, 2026

+37.4%EWA+73.7%FLCA

Oct 29, 2021 to Oct 30, 2026. EWA +37.4%. FLCA +73.7%. Use the arrow keys to read each point.−20%0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
EWA 0.50%
FLCA 0.09%, better
Fund size
EWA $1.25B
FLCA $857M
1Y total return
EWA +13.8%
FLCA +21.5%, better
Yield (12M)
EWA 2.87%, better
FLCA 1.70%
Holdings
EWA 47
FLCA 92
Avg volume (30D)
EWA 2.41M sh, better
FLCA 49K sh
NAV per share
EWA $29.46
FLCA $54.21
52W range

ETF.net Grade

EWA: Cost 55, Risk 49, Mission 82, Tradability 92, Holdings 46, Durability 76. FLCA: Cost 93, Risk 87, Mission 65, Tradability 69, Holdings 81, Durability 53.
Pillar letters and Scores for EWA, FLCA, with each pillar’s weight
PillarEWAFLCA
Cost30% weightB55A93Higher
Mission25% weightA82HigherB65
Risk15% weightC49A87Higher
Tradability15% weightA92HigherB69
Holdings10% weightC46A81Higher
Durability5% weightA76HigherC53

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 FLCA 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 ›

FLCA 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 3AFLGBFranklin FTSE United Kingdom ETFScore 76
  4. Rank 7BEWGiShares MSCI Germany ETFScore 67
  5. Rank 8BEWAiShares MSCI Australia ETFScore 66
  6. Rank 8BFLGRFranklin FTSE Germany ETFScore 66

Our read on each fund

ETF.net Research

EWABiShares MSCI Australia ETF

FLCAAFranklin FTSE 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.

FLCA Canada in one ticker, at index-fund pricing. FLCA tracks the FTSE Canada Capped Index, about 50 large- and mid-cap Canadian names, for 0.09% a year.

Stated mandate

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

FLCA The fund seeks to track the FTSE Canada Capped Index, which measures the performance of Canadian large- and mid-capitalization stocks.

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.
  • FLCA 0.09% a year against a 0.45% median for index-tracking ETFs. On plain-vanilla country exposure, the fee gap is most of the story.
  • The mandate is refreshingly plain: the FTSE Canada Capped Index, Canadian large and mid caps, no factor tilts, no derivatives overlay.
  • Live since 2017 and one of the stronger implementations in a crowded field of index trackers.

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.
  • FLCA About 50 stocks in one country. That is a targeted slice of the world, not a diversified core.
  • Mid-sized and moderately traded, so limit orders are the sane way in and out.
  • Distributions arrive once or twice a year rather than quarterly, which matters if you spend the income.

Full EWA profile⁠

Full FLCA profile⁠

EWA vs FLCA 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 FLCA Cost

Overpaying EWA vs FLCA

$8,081

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

  • EWA 0.50%

    $9,979

  • FLCA 0.09%

    $1,898

$10,000
30 years

Cost over time

  • EWA 0.50%
  • FLCA 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530EWA $9,979FLCA $1,898

Year by year

YearEWAFLCAOverpaying
10$900$165$735
20$3,460$646$2,814
30$9,979$1,898$8,081

Expense ratio

  • 0.50%EWA
  • 0.09%FLCA, cheaper
  • Middle half of Developed Single Country funds
  • Median 0.50%

FLCA cheapest of 38 funds

EWA 14th cheapest of 38 funds

EWA vs FLCA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EWA 2.87%, better
FLCA 1.70%
Payout (12M)
EWA $0.85
FLCA $0.92
Last payment
EWA $0.40
FLCA $0.39
Ex-dividend
EWA Jun 15, 2026
FLCA Jun 26, 2026
Paid on
EWA Jun 18, 2026
FLCA Jul 6, 2026
Frequency
EWA Twice a year
FLCA 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
FLCATwice a year · 19 paymentsAll FLCA payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.02; Jun 20, 2018 $0.18; Dec 20, 2018 $0.46; Jun 11, 2019 $0.23; Dec 11, 2019 $0.37; Jun 11, 2020 $0.26; Dec 14, 2020 $0.42; Jun 10, 2021 $0.24; Dec 13, 2021 $0.44; Dec 30, 2021 $0.02; Jun 17, 2022 $0.05; Dec 16, 2022 $0.60; Jun 16, 2023 $0.30; Dec 15, 2023 $0.52; Jun 21, 2024 $0.36; Dec 20, 2024 $0.55; Jun 20, 2025 $0.37; Dec 19, 2025 $0.53; Jun 26, 2026 $0.39. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EWA vs FLCA Risk

Fall from peak · 5 years

  • EWA
  • FLCA
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%FLCA 13.1%, better
Return per unit of riskSharpe ratio, 3 years
EWA 0.75FLCA 1.54, better
Worst fallMax drawdown, 5 years
EWA −24.8%FLCA −24.2%, better
Market sensitivityBeta, 5 years
EWA 0.99FLCA 0.81

EWA and FLCA in the news

All news⁠

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