EWA vs SPY
Comparison between ISHARES MSCI AUSTRALIA ETF (EWA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EWA, delivering a return of +13.3% compared to +6.3%
EWA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWA
$1.30B
Winner
SPY
$652B
Expense Ratio
EWA
0.50%
Winner
SPY
0.09%
Max Drawdown
EWA
69.72%
Winner
SPY
56.47%
Sharpe Ratio
EWA
1.08
Winner
SPY
2.07
5Y Beta
Winner
EWA
0.86
SPY
1.00
P/E Ratio
EWA
N/A
SPY
28.24
Forward P/E
EWA
N/A
SPY
21.85
5Y Dividends CAGR
Winner
EWA
5.97%
SPY
5.43%
5Y EPS CAGR
EWA
N/A
SPY
25.79%
Debt to Equity
EWA
N/A
SPY
22.35%
P/S Ratio
EWA
N/A
SPY
3.55
P/B Ratio
EWA
N/A
SPY
5.29
EWA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EWA
+0.07%
Winner
SPY
+9.11%
3M
EWA
+2.46%
Winner
SPY
+6.59%
6M
Winner
EWA
+13.64%
SPY
+10.56%
1Y
EWA
+22.86%
Winner
SPY
+32.04%
5Y(CAGR)
EWA
+6.31%
Winner
SPY
+13.35%
10Y(CAGR)
EWA
+8.72%
Winner
SPY
+15.49%
Max(CAGR)
EWA
+8.49%
Winner
SPY
+8.50%
EWA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWA | SPY |
|---|---|---|
| 2026 | +11.60% | +8.27% |
| 2025 | +13.11% | +18.00% |
| 2024 | +2.42% | +25.59% |
| 2023 | +15.21% | +26.72% |
| 2022 | -6.01% | -18.64% |
| 2021 | +8.59% | +30.52% |
| 2020 | +7.79% | +17.28% |
| 2019 | +23.37% | +31.09% |
| 2018 | -12.59% | -5.24% |
| 2017 | +17.84% | +20.78% |
| 2016 | +12.65% | +13.59% |
| 2015 | -9.68% | +1.31% |
| 2014 | -3.91% | +14.56% |
| 2013 | +0.38% | +29.00% |
| 2012 | +20.52% | +14.17% |
| 2011 | -12.17% | +0.85% |
| 2010 | +11.03% | +13.14% |
| 2009 | +66.35% | +22.67% |
| 2008 | -47.88% | -36.25% |
| 2007 | +28.02% | +5.32% |
| 2006 | +28.68% | +13.85% |
| 2005 | +18.28% | +5.32% |
| 2004 | +28.64% | +10.75% |
| 2003 | +49.28% | +24.18% |
| 2002 | -1.27% | -22.42% |
| 2001 | -0.72% | -10.13% |
| 2000 | -11.37% | -8.84% |
| 1999 | +11.46% | +8.61% |
EWA vs SPY Drawdown Comparison
The maximum drawdown for EWA was -66.98%, occurring on Nov 20, 2008. Recovery took 1319 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EWA drawdown is -2.38%.
| Rank | EWA | SPY |
|---|---|---|
| #1 | -66.98% Oct 31, 2007 - Jan 29, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.54% Jan 16, 2020 - Nov 24, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -35.39% Sep 3, 2014 - Dec 27, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.29% Jan 14, 2000 - May 6, 2003 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -24.80% Apr 4, 2022 - Mar 7, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.91% Sep 30, 2024 - Jun 10, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.46% Jul 23, 2007 - Sep 24, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.89% Apr 30, 2013 - Apr 9, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.10% Jan 26, 2018 - Jun 20, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.03% Apr 12, 2004 - Sep 30, 2004 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.88% May 9, 2006 - Oct 26, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.90% Jun 14, 2021 - Mar 24, 2022 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.09% Mar 8, 2005 - Jun 21, 2005 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.54% Feb 23, 2007 - Mar 21, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.01% Feb 25, 2026 - Apr 14, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EWA and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
EWA vs SPY dividend yield comparison.
| Year | EWA | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 3.21% | 1.07% |
| 2024 | 3.71% | 1.21% |
| 2023 | 3.72% | 1.40% |
| 2022 | 5.28% | 1.65% |
| 2021 | 5.08% | 1.20% |
| 2020 | 2.02% | 1.52% |
| 2019 | 3.97% | 1.75% |
| 2018 | 6.11% | 2.04% |
| 2017 | 4.44% | 1.80% |
| 2016 | 4.03% | 2.03% |
| 2015 | 5.48% | 2.06% |
| 2014 | 4.92% | 1.87% |
| 2013 | 4.69% | 1.81% |
| 2012 | 5.37% | 2.18% |
| 2011 | 5.07% | 2.05% |
| 2010 | 3.26% | 1.80% |
| 2009 | 2.90% | 1.95% |
| 2008 | 6.35% | 3.02% |
| 2007 | 4.43% | 1.85% |
| 2006 | 4.66% | 1.73% |
| 2005 | 3.54% | 1.73% |
| 2004 | 3.45% | 1.82% |
| 2003 | 3.22% | 1.47% |
| 2002 | 2.93% | 1.70% |
| 2001 | 2.43% | 1.25% |
| 2000 | 2.79% | 1.15% |
| 1999 | 0.15% | 0.24% |
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