There is perhaps more competition in the U.S.-listed Australia ETF space than many investors realize as options expand well beyond EWA.

The SPDR MSCI Australia Quality Mix ETF (NYSEArca: QAUS) emphasizes the quality factor, which captures excess returns to stocks that are characterized by low debt, stable earnings growth and other ‘quality’ metrics. Lastly, the First Trust Australia AlphaDEX Fund (NYSEArca: FAUS) selects Australian companies based on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth, along with value factors including book value to price, cash flow to price and return on assets.

“The expense ratio for the SPDR MSCI Australia Quality Mix ETF at 0.3% is the lowest in the category. The fund’s dividend yield is 5.89%. The one-year return for this fund, reflecting an overall down year for Australian equities in 2015, is a negative 8.48%, but the fund is up 5.23% YTD as of mid-March 2016,” adds Investopedia.

iShares MSCI Australia ETF