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iShares MSCI Australia ETF (EWA)

Look-through valuation · Country · Expense ratio 0.50 % · ISIN US4642861037

EWA iShares MSCI Australia ETF EWA overvalued
Holdings vs fair value −39.8 % weighted average
Quality 59/100 avg alpha quality
Expense ratio 0.50 % per year (TER)
Fund size $ 1.4B yield 3.01 %
The look-through covers 72 % of the fund by weight (38 of 47 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 1996)

$ 30 $ 3 Mar 1996 Jul 2026

Monthly close since 1996. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding Weight vs fair value Quality
BHP Group Ltd BHP 14.6 % n/a n/a
Commonwealth Bank of Australia CBA 13.8 % −53.5 % 50
Westpac Banking Corporation WBC 6.1 % −28.2 % 60
National Australia Bank Ltd NAB 5.9 % −27.7 % 55
ANZ Group Holdings Ltd ANZ 5.3 % −29.8 % 66
Wesfarmers Ltd WES 5.1 % −45.0 % 71
Macquarie Group Ltd MQG 4.5 % −47.6 % 59
RIO Tinto Ltd RIO 3.0 % n/a n/a
CSL Ltd CSL 2.9 % −13.3 % 55
Goodman Group GMG 2.8 % −74.7 % 56
Woodside Energy Group Ltd WDS 2.8 % n/a n/a
Woolworths Group Ltd WOW 2.4 % −66.0 % 67
Transurban Group TCL 2.2 % n/a n/a
QBE Insurance Group Limited QBE 1.9 % −24.6 % 71
Aristocrat Leisure Ltd ALL 1.6 % −19.8 % 74
Fortescue Ltd FMG 1.5 % n/a n/a
Coles Group Ltd COL 1.5 % −30.7 % 64
Northern Star Resources Ltd NST 1.3 % −19.6 % 50
Brambles Ltd BXB 1.2 % −34.6 % 58
Santos Ltd STO 1.2 % −58.1 % 56
Evolution Mining Ltd EVN 1.2 % −34.2 % 59
Suncorp Group Ltd SUN 1.0 % n/a n/a
Computershare Ltd CPU 1.0 % −57.4 % 78
Scentre Group SCG 1.0 % −13.2 % 66
Telstra Group Ltd TLS 1.0 % −33.7 % 59

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 47 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives iShares MSCI Australia ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.