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EWC

GradeANew York Stock Exchange Arca

iShares MSCI Canada ETF

Countries & Regions · IShares · Inception 1996-03-11 · SEC filings

$59.85−0.91 (−1.50%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 60.76 to 59.85. Range 59.78 to 60.35. Use the arrow keys to read each point.$60.00$60.20$60.4010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$7.0B
1Y return
+21.1%
Yield · Last 12 months
1.24%
Holdings
81
Volume · 30D
1.8M sh
NAV per share
$60.45
52W range
low $49.31high $62.71

The ETF.net EWC Grade

A

77/ 100

Rank 2 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for EWC. Scores out of 100: Cost 55, Risk 80, Mission 90, Tradability 97, Holdings 78, Durability 80. Strongest: Tradability (97). Weakest: Cost (55). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 77 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank13/38 · top 34%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 90
    Category rank1/35 · top 3%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 80
    Category rank2/37 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 97
    Category rank1/38 · top 3%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 78
    Category rank5/36 · top 14%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 80
    Category rank3/38 · top 8%

Graded as of Sep 22, 2026

Our read on EWC

ETF.net Research

AA 1996 original: Canada's large and mid caps in one ticker, back when single-country funds were still a novelty. About 80 names, held through a capped MSCI index built so one giant can't swamp the basket.

Stated mandate

The fund seeks to track an index representing Canadian equities, providing exposure to large- and mid-sized companies in Canada.

Why people hold it

  1. 01Running since 1996, which makes it one of the oldest US-listed ETFs still trading, and it is a multi-billion-dollar fund today.
  2. 02Tracks the MSCI Canada Custom Capped Index closely, one of the tighter index-following records in its single-country developed peer group.ishares.com
  3. 03Actively traded with among the easiest fills in its peer group, so the cost of getting in and out stays modest.
  4. 04The capped index trims outsized single-name weights, so roughly 80 holdings stay a basket rather than a wager on two or three giants.ishares.com

Worth knowing

  1. 01At 0.50%, the fee sits right at the median for single-country developed funds, and cheaper Canada exposure exists: BBCA runs 0.19%.
  2. 02One country, about 80 stocks: a concentrated slice of the world, with Canadian dollar moves riding along in your US-dollar return.ishares.com
  3. 03Distributions land once or twice a year rather than monthly or quarterly, so income arrives in lumps.

EWC Holdings

As of Sep 22, 2026, 3:21 AM
Asset class
Stocks
Holdings
81
Top-10 weight
45%
Largest holding
RY.TO9.2%

Sectors

  • Financials39.2%
  • Energy17.9%
  • Materials16.1%
  • Industrials8.8%
  • Technology8.7%
  • Consumer Discr.3.5%
  • Cons. Staples2.9%
  • Utilities2.1%
  • Communication0.8%

Geography

  • Canada97.62%
  • United States2.38%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RY.TOROYAL BANK OF CANADA9.16%3,119,342$633M92
002TD.TOTORONTO DOMINION6.58%3,717,345$455M94
003SHOP.TOSHOPIFY SUBORDINATE VOTING CLASS A5.04%2,725,055$349M122
004BMO.TOBANK OF MONTREAL3.87%1,536,233$268M78
005BNS.TOBANK OF NOVA SCOTIA3.74%2,755,683$259M90
006ENB.TOENBRIDGE3.45%4,912,519$239M85
007CM.TOCANADIAN IMPERIAL BANK OF COMMERCE3.41%2,053,555$236M87
008CNQ.TOCANADIAN NATURAL RESOURCES LTD3.34%4,669,433$231M110
009AEM.TOAGNICO EAGLE MINES3.29%1,141,803$227M106
010SU.TOSUNCOR ENERGY INC2.66%2,656,234$184M114
011CP.TOCANADIAN PACIFIC KANSAS CITY2.52%1,995,729$174M77
012BN.TOBROOKFIELD CLASS A2.41%4,455,275$167M66
013MFC.TOMANULIFE FINANCIAL2.39%3,738,600$166M88
014ABX.TOBARRICK MINING2.33%3,742,000$161M99
015WPM.TOWHEATON PRECIOUS METALS2.22%1,021,609$154M94

Showing 1–15 of 83 holdings

EWC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EWC$12,105
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EWC $12,105. SPY $11,723. Use the arrow keys to read each point.$9,295$11,005$12,716Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EWC. Periods over one year show the average yearly return.
PeriodEWC
Year to date+13.2%
1 month−2.6%
3 months+5.0%
1 year+21.1%
3 years+23.7%per year
5 years+12.9%per year
10 years+11.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EWC
YearReturn barEWC
2026 YTD+13.2%
2025+35.9%
2024+12.4%
2023+14.7%
2022−12.9%
2021+27.0%
2020+5.5%

EWC in the news

EWC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.24%Last 12 months
Payout per share
$0.75Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.22; Dec 19, 2017 $0.37; Jun 19, 2018 $0.22; Dec 18, 2018 $0.41; Jun 17, 2019 $0.25; Dec 16, 2019 $0.39; Jun 15, 2020 $0.26; Dec 14, 2020 $0.39; Jun 10, 2021 $0.23; Dec 13, 2021 $0.48; Jun 9, 2022 $0.28; Dec 13, 2022 $0.49; Jun 7, 2023 $0.35; Dec 20, 2023 $0.49; Jun 11, 2024 $0.35; Dec 17, 2024 $0.55; Jun 16, 2025 $0.31; Dec 16, 2025 $0.47; Jun 15, 2026 $0.28. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.28
Dec 16, 2025Dec 19, 2025$0.47
Jun 16, 2025Jun 20, 2025$0.31
Dec 17, 2024Dec 20, 2024$0.55
Jun 11, 2024Jun 17, 2024$0.35
Dec 20, 2023Dec 27, 2023$0.49
Jun 7, 2023Jun 13, 2023$0.35
Dec 13, 2022Dec 19, 2022$0.49
Jun 9, 2022Jun 15, 2022$0.28
Dec 13, 2021Dec 17, 2021$0.48
Jun 10, 2021Jun 16, 2021$0.23
Dec 14, 2020Dec 18, 2020$0.39

EWC Risk

How much the fund’s monthly returns vary, scaled to a year.
13.4%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.30
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.8%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EWC Cost

Expense ratio0.50%
  • The middle half of Developed Single Country funds
  • Median 0.50%

13 of the 38 Developed Single Country funds charge less.

EWC costs $50.00 a year on $10,000. The median Developed Single Country fund costs $50.00.