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EWI vs FLCA

iShares MSCI Italy ETF

EWIBNYSE Arca

Franklin FTSE Canada ETF

FLCAANYSE Arca

Overlap

Expense ratio

FLCA −0.41pt a year

EWI0.50%FLCA0.09%

Avg volume · 30D

EWI 8.1×the volume

EWI399KFLCA49K

5Y return · a year

EWI +3.3pt

EWI+15.0%FLCA+11.7%

EWI vs FLCA Performance

Oct 29, 2021 – Oct 30, 2026

+100.9%EWI+73.7%FLCA

Oct 29, 2021 to Oct 30, 2026. EWI +100.9%. FLCA +73.7%. Use the arrow keys to read each point.−25%0%25%50%125%Oct 2021Apr 2024Oct 2026
Expense ratio
EWI 0.50%
FLCA 0.09%, better
Fund size
EWI $1.19B
FLCA $857M
1Y total return
EWI +11.4%
FLCA +21.5%, better
Yield (12M)
EWI 3.36%, better
FLCA 1.70%
Holdings
EWI 28
FLCA 92
Avg volume (30D)
EWI 399K sh, better
FLCA 49K sh
NAV per share
EWI $55.87
FLCA $54.21
52W range

ETF.net Grade

EWI: Cost 55, Risk 51, Mission 83, Tradability 75, Holdings 36, Durability 71. FLCA: Cost 93, Risk 87, Mission 65, Tradability 69, Holdings 81, Durability 53.
Pillar letters and Scores for EWI, FLCA, with each pillar’s weight
PillarEWIFLCA
Cost30% weightB55A93Higher
Mission25% weightA83HigherB65
Risk15% weightC51A87Higher
Tradability15% weightA75HigherB69
Holdings10% weightD36A81Higher
Durability5% weightA71HigherC53

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. EWI 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 EWI 10th 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 8BFLGRFranklin FTSE Germany ETFScore 66
  5. Rank 10BEWIiShares MSCI Italy ETFScore 63
  6. Rank 10BEWPiShares MSCI Spain ETFScore 63

Our read on each fund

ETF.net Research

EWIBiShares MSCI Italy ETF

FLCAAFranklin FTSE Canada ETF

In short

EWI Italy in one ticker, and that ticker has been trading since 1996. EWI holds a capped basket of roughly two dozen large Italian companies, a concentrated slice of one economy rather than a spread across Europe.

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

EWI The fund seeks to track an index of Italian equities.

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

  • EWI Launched in 1996, one of the original single-country funds, and now a multi-billion-dollar fund. Decades of live operating history, not a launch-week experiment.
  • No stock picking, no overlays: it tracks the MSCI Italy 25/50 Index, and it sits in the upper tier of developed single-country funds on our review.ishares.com
  • The index is a capped version, limiting how large any single holding can grow. That matters when the whole portfolio is only around 25 names.ishares.com
  • One trade gets the listed heart of the Italian market, instead of assembling ADRs name by name. Moderately traded, with the usual iShares plumbing behind it.
  • 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

  • EWI The 0.50% fee is exactly the median for developed single-country funds, though cheaper builds exist in the group: FLKR and FLAU both charge 0.09%.
  • Around 25 stocks, one country, one currency. Concentration in a single market is the point here, and iShares flags that risk in the fund's own materials.ishares.com
  • Distributions come annually or semiannually, so any income arrives in lumps rather than a monthly drip.
  • 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 EWI profile⁠

Full FLCA profile⁠

EWI 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.

EWI vs FLCA Cost

Overpaying EWI vs FLCA

$8,081

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

  • EWI 0.50%

    $9,979

  • FLCA 0.09%

    $1,898

$10,000
30 years

Cost over time

  • EWI 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$10K051015202530EWI $9,979FLCA $1,898

Year by year

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

Expense ratio

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

FLCA cheapest of 38 funds

EWI 14th cheapest of 38 funds

EWI vs FLCA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EWI 3.36%, better
FLCA 1.70%
Payout (12M)
EWI $1.88
FLCA $0.92
Last payment
EWI $1.17
FLCA $0.39
Ex-dividend
EWI Jun 15, 2026
FLCA Jun 26, 2026
Paid on
EWI Jun 18, 2026
FLCA Jul 6, 2026
Frequency
EWI Twice a year
FLCA Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWITwice a year · 19 paymentsAll EWI payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.50; Dec 19, 2017 $0.17; Jun 19, 2018 $0.82; Dec 18, 2018 $0.32; Jun 17, 2019 $0.92; Dec 16, 2019 $0.20; Jun 15, 2020 $0.25; Dec 14, 2020 $0.24; Jun 10, 2021 $0.41; Dec 13, 2021 $0.45; Jun 9, 2022 $0.82; Dec 13, 2022 $0.42; Jun 7, 2023 $0.73; Dec 20, 2023 $0.42; Jun 11, 2024 $0.91; Dec 17, 2024 $0.56; Jun 16, 2025 $0.82; Dec 16, 2025 $0.70; Jun 15, 2026 $1.17. Use the arrow keys to read each point.$0$12017202020232026YTD
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$12017202020232026YTD

EWI vs FLCA Risk

Fall from peak · 5 years

  • EWI
  • FLCA
Oct 29, 2021 to Oct 30, 2026. Worst fall: EWI −35.2% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EWI 14.7%FLCA 13.1%, better
Return per unit of riskSharpe ratio, 3 years
EWI 1.43FLCA 1.54, better
Worst fallMax drawdown, 5 years
EWI −35.2%FLCA −24.2%, better
Market sensitivityBeta, 5 years
EWI 0.89FLCA 0.81

EWI and FLCA in the news

All news⁠

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