---
ticker: "EWC"
name: "iShares MSCI Canada ETF"
url: "https://etf.net/etf/EWC"
grade: "A"
score: 77
graded_at: "2026-10-12"
category: "Developed Single Country"
category_rank: "1 of 38"
methodology: "https://etf.net/methodology"
---

# EWC: iShares MSCI Canada ETF

Grade **A**, Score 77 of 100. Rank 1 of 38 in Developed Single Country.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 10 of 38 |
| Mission | 90 | 1 of 35 |
| Risk | 82 | 3 of 37 |
| Tradability | 97 | 1 of 38 |
| Holdings | 74 | 6 of 36 |
| Durability | 80 | 3 of 38 |

## Top holdings

The fund holds 84 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | RY.TO | Royal Bank of Canada | 8.83% |
| 2 | SHOP.TO | Shopify Subordinate Voting Class A | 6.87% |
| 3 | TD.TO | Toronto Dominion | 6.31% |
| 4 | BMO.TO | Bank of Montreal | 3.69% |
| 5 | BNS.TO | Bank of Nova Scotia | 3.59% |
| 6 | CNQ.TO | Canadian Natural Resources Ltd | 3.42% |
| 7 | ENB.TO | Enbridge | 3.38% |
| 8 | CM.TO | Canadian Imperial Bank of Commerce | 3.31% |
| 9 | AEM.TO | Agnico Eagle Mines | 3.19% |
| 10 | SU.TO | Suncor Energy Inc | 2.83% |
| 11 | CP.TO | Canadian Pacific Kansas City | 2.49% |
| 12 | BN.TO | Brookfield Class A | 2.44% |
| 13 | MFC.TO | Manulife Financial | 2.34% |
| 14 | ABX.TO | Barrick Mining | 2.27% |
| 15 | WPM.TO | Wheaton Precious Metals | 2.09% |
| 16 | TRP.TO | Tc Energy | 2.08% |
| 17 | CNR.TO | Canadian National Railway | 2.02% |
| 18 | NA.TO | National Bank of Canada | 1.78% |
| 19 | FNV.TO | Franco Nevada | 1.57% |
| 20 | CLS.TO | Celestica | 1.46% |
| 21 | SLF.TO | Sun Life Financial Inc | 1.42% |
| 22 | CSU.TO | Constellation Software | 1.41% |
| 23 | CVE.TO | Cenovus Energy | 1.36% |
| 24 | CCO.TO | Cameco | 1.27% |
| 25 | ATD.TO | Alimentation Couche Tard Inc | 1.24% |
| 26 | DOL.TO | Dollarama | 1.21% |
| 27 | POW.TO | Power Corporation of Canada | 1.10% |
| 28 | NTR.TO | Nutrien Ltd | 1.08% |
| 29 | TECK-B.TO | Teck Resources Subordinate Voting | 1.04% |
| 30 | IFC.TO | Intact Financial Corp | 1.00% |

Source: etf.net, https://etf.net/etf/EWC. Please cite the page URL.