EWC
iShares MSCI Canada ETF
The iShares MSCI Canada Index fund seeks investment results that correspond to the price and yield performance of the MSCI Canada Index. The index consists primarily of large cap stocks traded in the Canadian market.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 7.5 B
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Mar 12, 1996 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROYAL BANK OF CANADA | 9.0 % |
| TORONTO-DOMINION BANK | 6.6 % |
| SHOPIFY, INC. CLASS A | 6.1 % |
| BANK OF MONTREAL | 3.7 % |
| CANADIAN NATURAL RESOURCES | 3.7 % |
| BANK OF NOVA SCOTIA | 3.7 % |
| ENBRIDGE INC | 3.5 % |
| CAN IMPERIAL BK OF COMMERCE | 3.4 % |
| SUNCOR ENERGY INC | 3.0 % |
| AGNICO-EAGLE MINES LTD | 2.7 % |
Constituent Breakdown
| Number of holdings | 84 |
| Herfindahl-Hirschman Index | 321 |
| Wgt avg mkt cap (mns) | $92,655 |
| Large cap (>$10bn) | 86.1% |
| Mid cap ($2-10bn) | 3.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 89.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.3% | 15.5% | 18.6% | 20.4% | 10.0% | 8.6% | 4.5% | 5.8% |
| Dividend Yield | 0.5% | 1.6% | 2.0% | 2.3% | 2.2% | 2.3% | 2.1% | 3.0% |
| Total Returns | 8.8% | 17.1% | 20.6% | 22.7% | 12.2% | 10.8% | 6.7% | 8.9% | Ann. Volatility | 14.8% | 14.6% | 15.2% | 15.0% | 17.2% | 18.6% | 22.2% | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 46% |
| MSCI EAFE | 0.68 | 54% |
| MSCI Emg Mkts | 0.33 | 33% |
Liquidity Measures
| Avg. volume (000) | 1,815 |
| ADV traded (mns) | $109 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $60.37 |
| Relative strength (RSI) | 50 |
| MACD/Signal | 0.27/0.25 |
| Bollinger Bands (Upper/Lower) | $62.24/$58.31 |
| Short interest (% of AUM) | 2.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EWC |
Expenses vs. EWC |
ALTAR Score™ vs. EWC |
|---|---|---|---|---|
| BBCA | JPMorgan BetaBuilders Canada ETF | 75.7% | -31 bp | +0.3% |
| FLCA | Franklin FTSE Canada ETF | 75.6% | -41 bp | +0.4% |
| IDMO | Invesco S&P International Developed Momentum ETF | 21.2% | -25 bp | +1.3% |
| VIGI | Vanguard International Dividend Appreciation ETF | 18.9% | -43 bp | +1.6% |
| IMTM | iShares MSCI Intl Momentum Factor ETF | 18.4% | -20 bp | +1.9% |
| NANR | SPDR S&P North American Natural Resources ETF | 16.7% | -15 bp | +2.5% |
| ENRG | Ninepoint North American Energy Independence ETF | 16.7% | +15 bp | +1.3% |
| PABD | iShares Paris-Aligned Climate MSCI World ex USA ETF | 13.5% | -38 bp | +0.9% |
| PID | Invesco International Dividend Achievers ETF | 13.4% | +3 bp | +1.8% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 13.3% | -35 bp | +1.6% |
Risk and Returns: EWC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.1%
ALTAR SCORE™
16th
PERCENTILE
AVOID
ETFRC RATING
There are 421 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.6%. EWC's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places EWC in the 16th percentile
among funds in the category.
Sell-Side Consensus
$59.63
PRICE TARGET
-0.9%
UPSIDE