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EWK vs FLCA

iShares MSCI Belgium ETF

EWKCNYSE Arca

Franklin FTSE Canada ETF

FLCAANYSE Arca

Overlap

Expense ratio

FLCA −0.40pt a year

EWK0.49%FLCA0.09%

Avg volume · 30D

FLCA 1.2×the volume

EWK39.5KFLCA49K

5Y return · a year

FLCA +5.2pt

EWK+6.5%FLCA+11.7%

EWK vs FLCA Performance

Nov 2, 2021 – Nov 2, 2026

+36.8%EWK+74.1%FLCA

Nov 2, 2021 to Nov 2, 2026. EWK +36.8%. FLCA +74.1%. Use the arrow keys to read each point.−20%0%20%60%Nov 2021May 2024Nov 2026
Expense ratio
EWK 0.49%
FLCA 0.09%, better
Fund size
EWK $247M
FLCA $857M
1Y total return
EWK +15.5%
FLCA +22.0%, better
Yield (12M)
EWK 1.86%, better
FLCA 1.69%
Holdings
EWK 41
FLCA 92
Avg volume (30D)
EWK 39.5K sh
FLCA 49K sh, better
NAV per share
EWK $26.14
FLCA $54.21
52W range

ETF.net Grade

EWK: Cost 55, Risk 56, Mission 52, Tradability 41, Holdings 36, Durability 59. FLCA: Cost 93, Risk 88, Mission 65, Tradability 69, Holdings 81, Durability 53.
Pillar letters and Scores for EWK, FLCA, with each pillar’s weight
PillarEWKFLCA
Cost30% weightB55A93Higher
Mission25% weightC52B65Higher
Risk15% weightB56A88Higher
Tradability15% weightC41B69Higher
Holdings10% weightD36A81Higher
Durability5% weightB59HigherC53

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. EWK 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 EWK 21st 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 20CEWHiShares MSCI Hong Kong ETFScore 52
  5. Rank 21CEWKiShares MSCI Belgium ETFScore 50
  6. Rank 22CEFNLiShares MSCI Finland ETFScore 47

Our read on each fund

ETF.net Research

EWKCiShares MSCI Belgium ETF

FLCAAFranklin FTSE Canada ETF

In short

EWK Belgium in one US-listed ticker, and it has been that way since 1996, when EWK launched with the original WEBS funds. Roughly 40 names, with index caps that keep the country's handful of giants from taking over the portfolio.

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

EWK The Fund seeks to track the investment results of a broad-based index composed of Belgian 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

  • EWK A 1996 original: EWK debuted in the WEBS batch that invented the single-country index fund, and it still runs under the iShares roof today.sciencedirect.com
  • The 25/50 index rules cap any single issuer at 25% and keep all 5%-plus positions under 50% combined, so Belgium's few megacaps cannot swallow the fund.msci.com
  • One trade for a market Americans otherwise reach stock by stock: the fund tracks a broad-based index of Belgian equities.ishares.com
  • The 0.49% annual fee sits just under the median for developed single-country funds, so the niche exposure carries no niche premium.
  • 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

  • EWK Thinly traded with a modest asset base, so spreads can run wider than on the big international index funds.
  • About 40 stocks in one small European economy. The caps trim top-heaviness; they do not turn this into a diversified core holding.
  • Country exposure is priced differently across the shelf: peers like FLKR and FLAU charge 0.09% for their own single-country mandates.
  • 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 EWK profile⁠

Full FLCA profile⁠

EWK 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.

EWK vs FLCA Cost

Overpaying EWK vs FLCA

$7,894

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

  • EWK 0.49%

    $9,792

  • FLCA 0.09%

    $1,898

$10,000
30 years

Cost over time

  • EWK 0.49%
  • 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$10K051015202530EWK $9,792FLCA $1,898

Year by year

YearEWKFLCAOverpaying
10$883$165$718
20$3,394$646$2,748
30$9,792$1,898$7,894

Expense ratio

  • 0.49%EWK
  • 0.09%FLCA, cheaper
  • Middle half of Developed Single Country funds
  • Median 0.50%

FLCA cheapest of 38 funds

EWK 10th cheapest of 38 funds

EWK vs FLCA Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EWK 1.86%, better
FLCA 1.69%
Payout (12M)
EWK $0.49
FLCA $0.92
Last payment
EWK $0.33
FLCA $0.39
Ex-dividend
EWK Jun 15, 2026
FLCA Jun 26, 2026
Paid on
EWK Jun 18, 2026
FLCA Jul 6, 2026
Frequency
EWK Twice a year
FLCA Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWKTwice a year · 18 paymentsAll EWK payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.35; Dec 19, 2017 $0.26; Jun 19, 2018 $0.36; Dec 18, 2018 $0.10; Jun 17, 2019 $0.35; Dec 16, 2019 $0.21; Jun 15, 2020 $0.15; Dec 14, 2020 $0.18; Jun 10, 2021 $0.25; Dec 13, 2021 $0.52; Jun 9, 2022 $0.46; Jun 7, 2023 $0.33; Dec 20, 2023 $0.06; Jun 11, 2024 $0.37; Dec 17, 2024 $0.23; Jun 16, 2025 $0.26; Dec 16, 2025 $0.16; Jun 15, 2026 $0.33. 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

EWK vs FLCA Risk

Fall from peak · 5 years

  • EWK
  • FLCA
Nov 2, 2021 to Nov 2, 2026. Worst fall: EWK −33.1% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
EWK 13.8%FLCA 13.1%, better
Return per unit of riskSharpe ratio, 3 years
EWK 1.00FLCA 1.54, better
Worst fallMax drawdown, 5 years
EWK −33.1%FLCA −24.2%, better
Market sensitivityBeta, 5 years
EWK 0.90FLCA 0.81

EWK and FLCA in the news

All news⁠

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