Skip to content
etf.net

Launched · SEC filings

iShares MSCI Canada ETF

EWCNYSE ArcaiSharesA

$60.83+0.21 (+0.35%)

At close: Nov 2, 2026, 4:00 PM ET

A78/ 100

Rank 1 of 38 in Developed Single Country

A78/100Rank 1 of 38inDeveloped Single Country
Intraday session: up, 79 prints from 60.62 to 60.83. Range 60.63 to 61.30. Use the arrow keys to read each point.61.0061.2010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$7.58B
1Y total return
+21.1%
Yield · Last 12 months
1.24%
Holdings
83
Avg volume · 30D
1.68M sh
52W range
low $49.31high $62.71
Launched
Filings
SEC EDGAR

The ETF.net EWC Grade

A

Score 78 out of 100

Category
Developed Single Country⁠
Rank
1 of 38
Six-pillar profile for EWC. Scores out of 100: Cost 55, Risk 87, Mission 90, Tradability 97, Holdings 78, Durability 80. Strongest: Tradability (97). Weakest: Cost (55). Leans toward Tradability.

Score 78 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 10 of 38

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 1 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A87 out of 100
    Rank 1 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A97 out of 100
    Rank 1 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 5 of 36

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 3 of 38

Our read on EWC

ETF.net Research

In short

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

  • Running since 1996, which makes it one of the oldest US-listed ETFs still trading, and it is a multi-billion-dollar fund today.
  • Tracks the MSCI Canada Custom Capped Index closely, one of the tighter index-following records in its single-country developed peer group.ishares.com
  • Actively traded with among the easiest fills in its peer group, so the cost of getting in and out stays modest.
  • The 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

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

EWC Holdings

Holdings pillarA78 out of 100Rank 5 of 36 in Developed Single Country
Asset class
Stocks
Holdings
83
Top-10 weight
46%
Largest holding
RY.TO9.1%

Sectors

  • Financials40.4%
  • Energy17.7%
  • Materials13.9%
  • Technology9.6%
  • Industrials8.9%
  • Consumer Staples3.2%
  • Consumer Discretionary3.0%
  • Utilities2.5%
  • Communication0.7%

Geography

  • Canada98.90%
  • United States1.10%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1RY.TORoyal Bank of Canada9.11%3,395,441$691M96
2TD.TOToronto Dominion6.65%4,046,386$505M95
3SHOP.TOShopify Subordinate Voting Class A6.18%2,966,276$468M127
4BMO.TOBank of Montreal3.78%1,672,202$287M80
5CNQ.TOCanadian Natural Resources Ltd3.77%5,082,737$286M107
6BNS.TOBank of Nova Scotia3.71%2,999,570$282M93
7ENB.TOEnbridge3.49%5,347,320$265M82
8CM.TOCanadian Imperial Bank of Commerce3.44%2,235,332$261M90
9SU.TOSuncor Energy Inc3.04%2,891,365$230M111
10AEM.TOAgnico Eagle Mines2.71%1,242,883$205M106
11CP.TOCanadian Pacific Kansas City2.57%2,172,347$195M79
12BN.TOBrookfield Class A2.51%4,849,592$191M64
13MFC.TOManulife Financial2.40%4,069,516$182M89
14TRP.TOTc Energy2.17%2,551,004$165M85
15CNR.TOCanadian National Railway2.07%1,264,885$157M90

Showing 1–15 of 83 holdings

EWC Performance

Launched Mar 12, 1996

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

EWC$12,111
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EWC $12,111. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+12.9%
1 month+3.8%
3 months+2.1%
1 year+21.1%
3 yearsper year+26.4%
5 yearsper year+11.4%
10 yearsper year+11.4%

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+12.9%
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 Oct 30, 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

See all 55 payments⁠

$10,000 in EWC 10 years ago paid $2,823 in dividends.⁠

EWC Risk

Risk pillarA87 out of 100Rank 1 of 38 in Developed Single Country
How much the fund’s monthly returns vary, scaled to a year.
13.1%
Annualised · 36 months to Oct 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.
1.54
vs 3-month T-bills · to Oct 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.
0.88
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.

FMP measures it over up to five years of monthly returns.

EWC Cost

Compare EWC and FLKR

Overpaying vs FLKR, tied cheapest in Developed Single Country

$8,081

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EWC 0.50%

    $9,979

  • FLKR 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • EWC 0.50%
  • FLKR 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530EWC $9,979FLKR $1,898

Year by year

YearEWCFLKROverpaying
10$900$165$735
20$3,460$646$2,814
30$9,979$1,898$8,081

Other funds in Developed Single Country

See others