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EWC vs EWG

iShares MSCI Canada ETF

EWCANYSE Arca

iShares MSCI Germany ETF

EWGBNYSE Arca

Overlap

Expense ratio

EWG −0.01pt a year

EWC0.50%EWG0.49%

Avg volume · 30D

EWC 1.8×the volume

EWC1.68MEWG939K

10Y return · a year

EWC +4.0pt

EWC+11.5%EWG+7.5%

EWC vs EWG Performance

Nov 2, 2021 – Nov 2, 2026

+71.2%EWC+39.4%EWG

Nov 2, 2021 to Nov 2, 2026. EWC +71.2%. EWG +39.4%. Use the arrow keys to read each point.−25%0%25%Nov 2021May 2024Nov 2026
Expense ratio
EWC 0.50%
EWG 0.49%, better
Fund size
EWC $7.58B
EWG $1.57B
1Y total return
EWC +21.5%, better
EWG +5.6%
Yield (12M)
EWC 1.23%
EWG 1.97%, better
Holdings
EWC 83
EWG 54
Avg volume (30D)
EWC 1.68M sh, better
EWG 939K sh
NAV per share
EWC $60.62
EWG $41.88
52W range

ETF.net Grade

EWC: Cost 55, Risk 88, Mission 90, Tradability 97, Holdings 78, Durability 80. EWG: Cost 55, Risk 49, Mission 88, Tradability 84, Holdings 53, Durability 75.
Pillar letters and Scores for EWC, EWG, with each pillar’s weight
PillarEWCEWG
Cost30% weightB55B55
Mission25% weightA90HigherA88
Risk15% weightA88HigherC49
Tradability15% weightA97HigherA84
Holdings10% weightA78HigherC53
Durability5% weightA80HigherA75

Rank among Developed Single Country funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EWC and EWG are both graded against the same 38 Developed Single Country funds, so their Grades compare head to head.

Developed Single Country⁠

Category · 38 funds
See all 38 ›

EWC ranks 1st and EWG 7th of 38 funds in the Developed Single Country Category.

  1. Rank 1AEWCiShares MSCI Canada ETFScore 78
  2. Rank 1AFLCAFranklin FTSE Canada ETFScore 78
  3. Rank 6BEWUiShares MSCI United Kingdom ETFScore 68
  4. Rank 7BEWGiShares MSCI Germany ETFScore 67
  5. Rank 8BEWAiShares MSCI Australia ETFScore 66

Our read on each fund

ETF.net Research

EWCAiShares MSCI Canada ETF

EWGBiShares MSCI Germany ETF

In short

EWC A 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.

EWG Germany in one ticker, and it has been doing that job since 1996. Roughly 50 large German companies, tracked closely, at a fee a hair under the typical single-country fund.

Stated mandate

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

EWG The fund seeks to track an index of German equities, providing targeted exposure to companies in Germany.

Why people hold it

  • EWC 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
  • EWG Trading since 1996, it is one of the original single-country ETFs, and it stays actively traded with billions in assets behind it.
  • Sticks closely to its benchmark, the MSCI Germany Index, so the index is a fair read on what the fund is doing.
  • The 0.49% fee lands just under the typical developed single-country fund, and it buys the German blue-chip market in one trade.
  • Rated among the stronger implementations in its developed single-country peer group.

Worth knowing

  • EWC 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.
  • EWG About 50 stocks in one economy: a handful of German industrial and financial giants carry much of the weight.
  • Cheaper entries into single-country developed markets exist (Franklin's FLAU charges 0.09%), though they track different countries.
  • Distributions land once or twice a year, not monthly.

Full EWC profile⁠

Full EWG profile⁠

EWC vs EWG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EWC vs EWG Cost

Overpaying EWC vs EWG

$187

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

  • EWC 0.50%

    $9,979

  • EWG 0.49%

    $9,792

$10,000
30 years

Cost over time

  • EWC 0.50%
  • EWG 0.49%
  • 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 $9,979EWG $9,792

Year by year

YearEWCEWGOverpaying
10$900$883$17
20$3,460$3,394$66
30$9,979$9,792$187

Expense ratio

  • 0.50%EWC
  • 0.49%EWG, cheaper
  • Middle half of Developed Single Country funds
  • Median 0.50%

EWG 10th cheapest of 38 funds

EWC 14th cheapest of 38 funds

EWC vs EWG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EWC 1.23%
EWG 1.97%, better
Payout (12M)
EWC $0.75
EWG $0.83
Last payment
EWC $0.28
EWG $0.83
Ex-dividend
EWC Jun 15, 2026
EWG Jun 15, 2026
Paid on
EWC Jun 18, 2026
EWG Jun 18, 2026
Frequency
EWC Twice a year
EWG Annual

Distribution history

Per share, 2017 to 2026, same scale for both

EWCTwice a year · 19 paymentsAll EWC payments⁠
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.$0$0.502017202020232026YTD
EWGAnnual · 15 paymentsAll EWG payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.60; Dec 19, 2017 $0.08; Jun 19, 2018 $0.74; Jun 17, 2019 $0.74; Jun 15, 2020 $0.28; Dec 14, 2020 $0.39; Dec 13, 2021 $0.04; Dec 30, 2021 $0.25; Jun 9, 2022 $0.79; Dec 13, 2022 $0.009; Jun 7, 2023 $0.76; Dec 20, 2023 $0.0015; Jun 11, 2024 $0.76; Jun 16, 2025 $0.68; Jun 15, 2026 $0.83. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EWC vs EWG Risk

Fall from peak · 5 years

  • EWC
  • EWG
Nov 2, 2021 to Nov 2, 2026. Worst fall: EWG −41.4% · Sep 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
EWC 13.1%, betterEWG 15.6%
Return per unit of riskSharpe ratio, 3 years
EWC 1.54, betterEWG 1.02
Worst fallMax drawdown, 5 years
EWC −24.8%, betterEWG −41.4%
Market sensitivityBeta, 5 years
EWC 0.88EWG 0.96

EWC and EWG in the news

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