EWA vs FREL

Comparison between ISHARES MSCI AUSTRALIA ETF (EWA, ETF) and FIDELITY MSCI REAL ESTATE INDEX ETF (FREL, ETF).

5-Year PerformanceEWA has outperformed FREL, delivering a return of +5.9% compared to +2.2%

EWA vs FREL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWA(ETF)	FREL(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.50%	0.08%
Max Drawdown	69.72%	43.46%
Sharpe Ratio	0.82	0.47
5Y Beta	0.86	0.53
P/E Ratio	N/A	34.39
Forward P/E	N/A	32.52
5Y Dividends CAGR	5.97%	1.14%
5Y EPS CAGR	N/A	9.52%
Debt to Equity	N/A	43.06%
P/S Ratio	N/A	5.34
P/B Ratio	N/A	2.66

Net Assets

EWA

$1.40B

FREL

$1.40B

Expense Ratio

EWA

0.50%

Winner

FREL

0.08%

Max Drawdown

EWA

69.72%

Winner

FREL

43.46%

Sharpe Ratio

Winner

EWA

0.82

FREL

0.47

5Y Beta

EWA

0.86

Winner

FREL

0.53

P/E Ratio

EWA

N/A

FREL

34.39

Forward P/E

EWA

N/A

FREL

32.52

5Y Dividends CAGR

Winner

EWA

5.97%

FREL

1.14%

5Y EPS CAGR

EWA

N/A

FREL

9.52%

Debt to Equity

EWA

N/A

FREL

43.06%

P/S Ratio

EWA

N/A

FREL

5.34

P/B Ratio

EWA

N/A

FREL

2.66

EWA vs FREL - Historical Returns

Returns include dividend reinvestment.

Period	EWA	FREL
1 month	-0.48%	-1.92%
3 months	-2.67%	-0.90%
6 months	+15.16%	+6.14%
1 year	+15.04%	+9.26%
5 years(CAGR)	+5.94%	+2.24%
10 years(CAGR)	+8.54%	+5.75%
Max(CAGR)	+8.41%	+5.14%

Winner

EWA

-0.48%

FREL

-1.92%

EWA

-2.67%

Winner

FREL

-0.90%

Winner

EWA

+15.16%

FREL

+6.14%

Winner

EWA

+15.04%

FREL

+9.26%

5Y(CAGR)

Winner

EWA

+5.94%

FREL

+2.24%

10Y(CAGR)

Winner

EWA

+8.54%

FREL

+5.75%

Max(CAGR)

Winner

EWA

+8.41%

FREL

+5.14%

EWA vs FREL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWA	FREL
2026	+10.05%	+7.32%
2025	+13.11%	+4.07%
2024	+2.42%	+4.10%
2023	+15.21%	+11.62%
2022	-6.01%	-25.63%
2021	+8.59%	+45.48%
2020	+7.79%	-3.56%
2019	+23.37%	+31.79%
2018	-12.59%	-4.08%
2017	+17.84%	+8.56%
2016	+12.65%	+9.36%
2015	-9.68%	-4.72%
2014	-3.91%	N/A
2013	+0.38%	N/A
2012	+20.52%	N/A
2011	-12.17%	N/A
2010	+11.03%	N/A
2009	+66.35%	N/A
2008	-47.88%	N/A
2007	+28.02%	N/A
2006	+28.68%	N/A
2005	+18.28%	N/A
2004	+28.64%	N/A
2003	+49.28%	N/A
2002	-1.27%	N/A
2001	-0.72%	N/A
2000	-11.37%	N/A
1999	+11.46%	N/A

EWA vs FREL Drawdown Comparison

The maximum drawdown for EWA was -66.98%, occurring on Nov 20, 2008. Recovery took 1319 trading sessions.

The maximum drawdown for FREL was -42.57%, occurring on Mar 23, 2020. Recovery took 293 trading sessions.

The current EWA drawdown is -3.73%. The current FREL drawdown is -4.12%.

Rank	EWA	FREL
#1	-66.98% Oct 31, 2007 - Jan 29, 2013	-42.57% Feb 14, 2020 - Apr 15, 2021
#2	-45.54% Jan 16, 2020 - Nov 24, 2020	-34.37% Dec 31, 2021 - Oct 25, 2023
#3	-35.39% Sep 3, 2014 - Dec 27, 2017	-15.67% Feb 5, 2015 - Apr 1, 2016
#4	-29.29% Jan 14, 2000 - May 6, 2003	-14.14% Aug 1, 2016 - Sep 18, 2017
#5	-24.80% Apr 4, 2022 - Mar 7, 2024	-12.75% Dec 6, 2018 - Jan 30, 2019
#6	-21.91% Sep 30, 2024 - Jun 10, 2025	-12.43% Dec 18, 2017 - Jun 29, 2018
#7	-20.46% Jul 23, 2007 - Sep 24, 2007	-8.54% Aug 29, 2018 - Dec 6, 2018
#8	-19.89% Apr 30, 2013 - Apr 9, 2014	-7.53% Sep 3, 2021 - Oct 28, 2021
#9	-19.10% Jan 26, 2018 - Jun 20, 2019	-5.49% Nov 24, 2021 - Dec 7, 2021
#10	-16.03% Apr 12, 2004 - Sep 30, 2004	-5.47% Oct 21, 2019 - Jan 16, 2020
#11	-15.88% May 9, 2006 - Oct 26, 2006	-5.38% May 10, 2016 - Jun 23, 2016
#12	-13.90% Jun 14, 2021 - Mar 24, 2022	-5.11% Jun 20, 2019 - Jul 10, 2019
#13	-11.09% Mar 8, 2005 - Jun 21, 2005	-4.48% Apr 30, 2021 - May 26, 2021
#14	-10.54% Feb 23, 2007 - Mar 21, 2007	-4.10% Apr 12, 2019 - Jun 5, 2019
#15	-10.01% Feb 25, 2026 - Apr 14, 2026	-3.80% Jul 10, 2019 - Aug 8, 2019

Correlation

Correlation between EWA and FREL is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (1999 - 2026)

EWA vs FREL dividend yield comparison.

Year	EWA	FREL
2026	0.00%	0.87%
2025	3.21%	3.59%
2024	3.71%	3.48%
2023	3.72%	3.73%
2022	5.28%	3.57%
2021	5.08%	2.34%
2020	2.02%	3.77%
2019	3.97%	3.32%
2018	6.11%	5.54%
2017	4.44%	3.27%
2016	4.03%	4.01%
2015	5.48%	3.80%
2014	4.92%	0.00%
2013	4.69%	0.00%
2012	5.37%	0.00%
2011	5.07%	0.00%
2010	3.26%	0.00%
2009	2.90%	0.00%
2008	6.35%	0.00%
2007	4.43%	0.00%
2006	4.66%	0.00%
2005	3.54%	0.00%
2004	3.45%	0.00%
2003	3.22%	0.00%
2002	2.93%	0.00%
2001	2.43%	0.00%
2000	2.79%	0.00%
1999	0.15%	0.00%