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EWC vs EWI

iShares MSCI Canada ETF

EWCANYSE Arca

iShares MSCI Italy ETF

EWIBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

EWC0.50%EWI0.50%

Avg volume · 30D

EWC 4.2×the volume

EWC1.68MEWI399K

10Y return · a year

EWI +1.8pt

EWC+11.4%EWI+13.2%

EWC vs EWI Performance

Oct 29, 2021 – Oct 30, 2026

+71.2%EWC+100.9%EWI

Oct 29, 2021 to Oct 30, 2026. EWC +71.2%. EWI +100.9%. Use the arrow keys to read each point.−25%0%25%50%125%Oct 2021Apr 2024Oct 2026
Expense ratio
EWC 0.50%
EWI 0.50%
Fund size
EWC $7.58B
EWI $1.19B
1Y total return
EWC +21.1%, better
EWI +11.4%
Yield (12M)
EWC 1.24%
EWI 3.36%, better
Holdings
EWC 83
EWI 28
Avg volume (30D)
EWC 1.68M sh, better
EWI 399K sh
NAV per share
EWC $60.62
EWI $55.87
52W range

ETF.net Grade

EWC: Cost 55, Risk 87, Mission 90, Tradability 97, Holdings 78, Durability 80. EWI: Cost 55, Risk 51, Mission 83, Tradability 75, Holdings 36, Durability 71.
Pillar letters and Scores for EWC, EWI, with each pillar’s weight
PillarEWCEWI
Cost30% weightB55B55
Mission25% weightA90HigherA83
Risk15% weightA87HigherC51
Tradability15% weightA97HigherA75
Holdings10% weightA78HigherD36
Durability5% weightA80HigherA71

Rank among Developed Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EWC and EWI 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 EWI 10th 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 8BFLGRFranklin FTSE Germany ETFScore 66
  4. Rank 10BEWIiShares MSCI Italy ETFScore 63
  5. Rank 10BEWPiShares MSCI Spain ETFScore 63

Our read on each fund

ETF.net Research

EWCAiShares MSCI Canada ETF

EWIBiShares MSCI Italy 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.

EWI Italy in one ticker, and that ticker has been trading since 1996. EWI holds a capped basket of roughly two dozen large Italian companies, a concentrated slice of one economy rather than a spread across Europe.

Stated mandate

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

EWI The fund seeks to track an index of Italian equities.

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
  • EWI Launched in 1996, one of the original single-country funds, and now a multi-billion-dollar fund. Decades of live operating history, not a launch-week experiment.
  • No stock picking, no overlays: it tracks the MSCI Italy 25/50 Index, and it sits in the upper tier of developed single-country funds on our review.ishares.com
  • The index is a capped version, limiting how large any single holding can grow. That matters when the whole portfolio is only around 25 names.ishares.com
  • One trade gets the listed heart of the Italian market, instead of assembling ADRs name by name. Moderately traded, with the usual iShares plumbing behind it.

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.
  • EWI The 0.50% fee is exactly the median for developed single-country funds, though cheaper builds exist in the group: FLKR and FLAU both charge 0.09%.
  • Around 25 stocks, one country, one currency. Concentration in a single market is the point here, and iShares flags that risk in the fund's own materials.ishares.com
  • Distributions come annually or semiannually, so any income arrives in lumps rather than a monthly drip.

Full EWC profile⁠

Full EWI profile⁠

EWC vs EWI 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 EWI Cost

Same expense ratio

$9,979

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

  • EWC 0.50%

    $9,979

  • EWI 0.50%

    $9,979

$10,000
30 years

Cost over time

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

Year by year

YearEWCEWI
10$900$900
20$3,460$3,460
30$9,979$9,979

Expense ratio

  • 0.50%EWC
  • 0.50%EWI
  • Middle half of Developed Single Country funds
  • Median 0.50%

EWC 14th cheapest of 38 funds

EWI 14th cheapest of 38 funds

EWC vs EWI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EWC 1.24%
EWI 3.36%, better
Payout (12M)
EWC $0.75
EWI $1.88
Last payment
EWC $0.28
EWI $1.17
Ex-dividend
EWC Jun 15, 2026
EWI Jun 15, 2026
Paid on
EWC Jun 18, 2026
EWI Jun 18, 2026
Frequency
EWC Twice a year
EWI Twice a year

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$12017202020232026YTD
EWITwice a year · 19 paymentsAll EWI payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.50; Dec 19, 2017 $0.17; Jun 19, 2018 $0.82; Dec 18, 2018 $0.32; Jun 17, 2019 $0.92; Dec 16, 2019 $0.20; Jun 15, 2020 $0.25; Dec 14, 2020 $0.24; Jun 10, 2021 $0.41; Dec 13, 2021 $0.45; Jun 9, 2022 $0.82; Dec 13, 2022 $0.42; Jun 7, 2023 $0.73; Dec 20, 2023 $0.42; Jun 11, 2024 $0.91; Dec 17, 2024 $0.56; Jun 16, 2025 $0.82; Dec 16, 2025 $0.70; Jun 15, 2026 $1.17. Use the arrow keys to read each point.$0$12017202020232026YTD

EWC vs EWI Risk

Fall from peak · 5 years

  • EWC
  • EWI
Oct 29, 2021 to Oct 30, 2026. Worst fall: EWI −35.2% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EWC 13.1%, betterEWI 14.7%
Return per unit of riskSharpe ratio, 3 years
EWC 1.54, betterEWI 1.43
Worst fallMax drawdown, 5 years
EWC −24.8%, betterEWI −35.2%
Market sensitivityBeta, 5 years
EWC 0.88EWI 0.89

EWC and EWI in the news

All news⁠

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