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iShares MSCI Australia (EWA)Overvalued or undervalued?
Look-through valuation · Country · Expense ratio 0.50 % · ISIN US4642861037
Price history (since 1996)
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 | 15.5 % | n/a | n/a |
| Commonwealth Bank of Australia CBA | 12.7 % | −54.0 % | 48 |
| National Australia Bank Ltd NAB | 6.0 % | −28.0 % | 56 |
| Westpac Banking Corporation WBC | 6.0 % | −24.0 % | 61 |
| ANZ Group Holdings Ltd ANZ | 5.7 % | −25.4 % | 64 |
| Macquarie Group Ltd MQG | 4.4 % | −66.8 % | 55 |
| CSL Ltd CSL | 4.3 % | +10.0 % | 67 |
| Wesfarmers Ltd WES | 4.2 % | −31.6 % | 71 |
| RIO Tinto Ltd RIO | 3.1 % | n/a | n/a |
| Woodside Energy Group Ltd WDS | 3.0 % | −25.4 % | 46 |
| Goodman Group GMG | 2.6 % | −69.8 % | 61 |
| Woolworths Group Ltd WOW | 2.3 % | −64.2 % | 62 |
| Transurban Group TCL | 2.1 % | −69.3 % | 49 |
| QBE Insurance Group Limited QBE | 1.7 % | −39.9 % | 68 |
| Aristocrat Leisure Ltd ALL | 1.7 % | +10.0 % | 81 |
| Coles Group Ltd COL | 1.5 % | −30.7 % | 63 |
| Northern Star Resources Ltd NST | 1.5 % | +12.6 % | 57 |
| Evolution Mining Ltd EVN | 1.4 % | +11.8 % | 64 |
| Santos Ltd STO | 1.4 % | −50.5 % | 51 |
| Fortescue Ltd FMG | 1.3 % | +190.0 % | 63 |
| Brambles Ltd BXB | 1.2 % | −0.5 % | 66 |
| SOUTH32 Ltd S32 | 1.1 % | n/a | n/a |
| Computershare Ltd CPU | 1.1 % | −34.6 % | 80 |
| Suncorp Group Ltd SUN | 1.0 % | −20.4 % | 69 |
| Origin Energy Ltd ORG | 1.0 % | −30.1 % | 52 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 43 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about EWA
Is EWA overvalued?
What is the fair value of EWA?
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What is the expense ratio of EWA?
How we value this ETF
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: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.