- ISIN
- US4642861037
- CUSIP
- 464286103
- Issuer
- iShares
- Inception Date
- Mar 18, 1996
- Region
- Developed Asia Pacific (Australia)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Australia Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
EWA Performance Chart
iShares MSCI-Australia ETF (EWA) is up 10.2% since the beginning of the year. EWA is currently trading at $28 per share. Investors who bought $1,000 worth of EWA shares 5 years ago would now be looking at an investment worth $1,338.
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Returns By Period
iShares MSCI-Australia ETF (EWA) has returned 10.16% so far this year and 14.84% over the past 12 months. Over the last ten years, EWA has returned 8.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI-Australia ETF
- 1D
- -0.39%
- 1M
- 0.24%
- YTD
- 10.16%
- 6M
- 10.32%
- 1Y
- 14.84%
- 3Y*
- 12.44%
- 5Y*
- 5.99%
- 10Y*
- 8.55%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EWA Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 1996, EWA's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Mar 2009 with a return of +19.3%, while the worst month was Oct 2008 at -27.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EWA closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +20.8%, while the worst single day was Mar 16, 2020 at -16.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.96% | 8.43% | -7.74% | 6.23% | -0.81% | -1.37% | 10.16% | ||||||
| 2025 | 3.14% | -2.52% | -2.29% | 5.25% | 4.62% | 3.54% | -1.14% | 4.07% | -0.30% | -0.85% | -3.44% | 3.05% | 13.35% |
| 2024 | -2.96% | 1.27% | 3.09% | -5.35% | 5.61% | 1.02% | 2.42% | 3.40% | 4.79% | -6.49% | 4.26% | -8.20% | 1.60% |
| 2023 | 11.83% | -7.96% | 0.26% | 0.87% | -5.49% | 5.04% | 3.59% | -4.92% | -3.15% | -3.58% | 8.24% | 10.62% | 13.81% |
| 2022 | -8.01% | 5.30% | 9.90% | -7.00% | 0.41% | -11.32% | 7.16% | -3.65% | -10.45% | 5.61% | 14.33% | -4.39% | -5.92% |
| 2021 | -0.84% | 3.20% | 1.14% | 4.40% | 3.32% | -1.47% | -0.81% | 0.58% | -4.24% | 6.61% | -7.56% | 5.18% | 8.93% |
Benchmark Metrics
iShares MSCI-Australia ETF has an annualized alpha of 1.45%, beta of 0.94, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since April 01, 1996.
- This ETF participated in 107.56% of S&P 500 Index downside but only 104.22% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.45%
- Beta
- 0.94
- R²
- 0.46
- Upside Capture
- 104.22%
- Downside Capture
- 107.56%
Expense Ratio
EWA has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWA ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI-Australia ETF (EWA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.78 | -1.30 |
| Martin ratioReturn relative to average drawdown | 4.07 | 12.44 | -8.37 |
Dividends
Dividend History
iShares MSCI-Australia ETF provided a 2.98% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.84 | $0.89 | $0.91 | $1.17 | $1.26 | $0.48 | $0.90 | $1.18 | $1.03 | $0.82 | $1.04 |
Dividend yield | 2.98% | 3.21% | 3.71% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI-Australia ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.84 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.91 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $1.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI-Australia ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI-Australia ETF was 66.98%, occurring on Nov 20, 2008. Recovery took 1052 trading sessions.
The current iShares MSCI-Australia ETF drawdown is 4.66%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.98%Nov 2008 | 1y 20d | 4y 2mo | 5y 3moNov 2007 - Jan 2013 |
COVID crash2020 | -45.54%Mar 2020 | 2mo 6d | 8mo 6d | 10mo 12dJan 2020 - Nov 2020 |
2016 bear market2016 | -35.37%Jan 2016 | 1y 4mo | 1y 11mo | 3y 3moSep 2014 - Dec 2017 |
1998 bear market1998 | -33.73%Aug 1998 | 1y 1mo | 8mo 4d | 1y 9moJul 1997 - Apr 1999 |
Dot-com crash2000–2002 | -29.97%Sep 2001 | 2y 2mo | 1y 7mo | 3y 10moJul 1999 - May 2003 |
Drawdown Indicators
| EWA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.98% | -56.78% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -9.10% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.91% | -18.90% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -25.43% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | -33.92% | -11.62% |
Current DrawdownCurrent decline from peak | -4.66% | -1.80% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -11.32% | -10.71% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.03% | +1.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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