FLAU vs. EWA
FLAU (Franklin FTSE Australia ETF) and EWA (iShares MSCI-Australia ETF) are both Australia Equities funds - FLAU tracks the FTSE Australia RIC Capped Index while EWA tracks the MSCI Australia Index. Both are passively managed. Over the past 5 years, FLAU returned 7.05%/yr vs 6.67%/yr for EWA. Their correlation of 0.93 means they have usually moved in the same direction. FLAU charges 0.09%/yr vs 0.50%/yr for EWA.
Performance
FLAU vs. EWA - Performance Comparison
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Returns By Period
In the year-to-date period, FLAU achieves a 12.89% return, which is significantly lower than EWA's 13.83% return.
FLAU
- 1D
- 0.03%
- 1M
- 4.17%
- 6M
- 5.88%
- YTD
- 12.89%
- 1Y
- 17.47%
- 3Y*
- 13.46%
- 5Y*
- 7.05%
- 10Y*
- —
- ALL TIME*
- 7.95%
EWA
- 1D
- 0.20%
- 1M
- 4.66%
- 6M
- 6.67%
- YTD
- 13.83%
- 1Y
- 17.03%
- 3Y*
- 13.16%
- 5Y*
- 6.67%
- 10Y*
- 7.87%
- ALL TIME*
- 7.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.54M | $51.86M | $65.19M | |
| $226.34K | $4.45M | $1.66M |
FLAU vs. EWA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLAU Franklin FTSE Australia ETF | 12.89% | 15.95% | 1.81% | 12.58% | -5.58% | 9.90% | 11.00% | 23.38% | -10.17% | 1.89% |
EWA iShares MSCI-Australia ETF | 13.83% | 13.35% | 1.60% | 13.81% | -5.92% | 8.93% | 8.29% | 22.45% | -12.04% | 3.89% |
Correlation
The correlation between FLAU and EWA is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.93 |
The correlation between FLAU and EWA has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
FLAU vs. EWA - Sectors Allocation Comparison
Sectors
FLAU
EWA
Financial Services
Basic Materials
Consumer Cyclical
Real Estate
Industrials
Healthcare
Energy
Consumer Defensive
Communication Services
Technology
Utilities
Financial Services
FLAU
EWA
Basic Materials
FLAU
EWA
Consumer Cyclical
FLAU
EWA
Real Estate
FLAU
EWA
Industrials
FLAU
EWA
Healthcare
FLAU
EWA
Energy
FLAU
EWA
Consumer Defensive
FLAU
EWA
Communication Services
FLAU
EWA
Technology
FLAU
EWA
Utilities
FLAU
EWA
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Return for Risk
FLAU vs. EWA — Risk / Return Rank
FLAU
EWA
FLAU vs. EWA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Australia ETF (FLAU) and iShares MSCI-Australia ETF (EWA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| FLAU | EWA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.71 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.91 | 4.32 | +0.60 |
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Drawdowns
FLAU vs. EWA - Drawdown Comparison
The maximum FLAU drawdown since its inception was -45.73%, smaller than the maximum EWA drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for FLAU and EWA.
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Drawdown Indicators
| FLAU | EWA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.73% | -66.98% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -10.01% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -21.91% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.68% | -24.87% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.54% | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.48% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -11.29% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.95% | -0.39% |
Volatility
FLAU vs. EWA - Volatility Comparison
Franklin FTSE Australia ETF (FLAU) and iShares MSCI-Australia ETF (EWA) have volatilities of 4.42% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAU | EWA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.43% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 14.71% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 17.58% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 19.80% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 22.50% | +0.98% |
FLAU vs. EWA - Expense Ratio Comparison
FLAU has a 0.09% expense ratio, which is lower than EWA's 0.50% expense ratio.
Dividends
FLAU vs. EWA - Dividend Comparison
FLAU's dividend yield for the trailing twelve months is around 3.05%, more than EWA's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWA iShares MSCI-Australia ETF | 2.89% | 3.21% | 3.71% | 3.72% | 5.28% | 5.08% | 2.02% | 3.97% | 6.11% | 4.44% | 4.03% | 5.48% |
FLAU Franklin FTSE Australia ETF | 3.05% | 3.25% | 3.37% | 3.62% | 5.91% | 5.14% | 2.18% | 4.37% | 4.34% | 0.18% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, FLAU and EWA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EWA has higher volatility (4.43%) compared to FLAU (4.42%). In terms of maximum drawdown, FLAU dropped -45.73% vs EWA's -66.98%.
On 5-year performance, FLAU leads with 7.05% vs 6.67% for EWA. On fees, FLAU is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLAU has performed better with a 7.05% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLAU is cheaper with a 0.09% expense ratio, compared with 0.50% for EWA.
FLAU has the higher dividend yield at 3.05%, compared with 2.89% for EWA.
FLAU tracks FTSE Australia RIC Capped Index, while EWA tracks MSCI Australia Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLAU and 0.50% for EWA.
FLAU currently has the higher Sharpe Ratio (1.02 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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