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EWC - ETF AI Analysis
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iShares MSCI Canada ETF (EWC)
Rating:74Outperform
Price Target:―
Positive Factors
Large, Established Asset Base
The fund manages a sizable pool of assets, suggesting it is widely used and offers good trading liquidity for investors.
Recent Performance Momentum
The ETF has shown steady gains over the past month and quarter, indicating improving short-term performance.
Support from Select Strong Holdings
Some key positions in materials and financials have delivered strong results, helping offset weaker names in the portfolio.
Negative Factors
High Sector Concentration in Financials
A large share of the fund is invested in financial companies, which increases the impact if that sector struggles.
Several Top Holdings Are Lagging
Some of the biggest positions, including major banks and a leading technology stock, have shown weak year-to-date performance, which can drag on overall returns.
Above-Average Expense Ratio
The fund’s fee level is relatively high for a broad country ETF, which can slowly reduce investors’ net returns over time.
EWC vs. SPDR S&P 500 ETF (SPY)
AUM4.25B
RegionNorth America
Expense Ratio0.50%
Beta0.61
IssueriShares
Inception DateMar 12, 1996
Dividend Yield1.41%
Asset ClassEquity
Index TrackedMSCI Canada Custom Capped
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,764,170
30 Day Avg. Volume2,416,987
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
62.09Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering83
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EWC Summary
The iShares MSCI Canada ETF (EWC) is a fund that aims to track the MSCI Canada Index, giving you broad exposure to the Canadian stock market in a single investment. It holds many of Canada’s largest companies across sectors like banks, energy, and materials. Well-known holdings include Royal Bank of Canada and Shopify. Someone might invest in EWC to diversify outside the U.S. and benefit from Canada’s resource-rich and financial-heavy economy. A key risk is that the fund is heavily tilted toward financials and commodities, so its value can rise and fall with those sectors and the overall market.
How much will it cost me?The iShares MSCI Canada ETF (EWC) has an expense ratio of 0.50%, which means you’ll pay $5 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is passively managed but focuses on a specific geographic region, which can involve additional costs. Overall, it’s still a cost-effective way to gain exposure to the Canadian market.
What would affect this ETF?The iShares MSCI Canada ETF (EWC) could benefit from rising global demand for energy and materials, as these sectors are significant parts of Canada's economy and the ETF's portfolio. However, it may face challenges if interest rates increase, which could pressure the financial sector, its largest exposure. Additionally, economic slowdowns or regulatory changes in Canada could negatively impact its top holdings, such as major banks and energy companies.
EWC Top 10 Holdings
EWC is very much a bet on Canada’s big banks, with Royal Bank, TD, and Bank of Montreal acting as the main engines: they’ve been generally rising over the past few months, giving the fund a steadier financial backbone. On the flip side, Shopify has been losing steam, and its weakness has taken some shine off the tech slice. Gold miners like Agnico Eagle and Barrick are quietly powering ahead, helping offset tech softness. Overall, this is a Canada-first play, heavily tilted toward financials and resource names rather than global growth giants.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Royal Bank Of Canada | 8.24% | $350.30M | $237.03B | 42.26% | 75 Outperform | |
| Toronto Dominion Bank | 5.74% | $244.02M | $161.54B | 60.05% | 74 Outperform | |
| Shopify | 4.85% | $206.05M | $144.18B | -13.78% | 77 Outperform | |
| Enbridge | 3.78% | $160.78M | $113.14B | 20.36% | 69 Neutral | |
| Agnico Eagle | 3.68% | $156.41M | $103.10B | 114.09% | 80 Outperform | |
| Bank Of Montreal | 3.50% | $148.92M | C$135.25B | 38.66% | 74 Outperform | |
| Bank Of Nova Scotia | 3.24% | $137.63M | $93.78B | 48.04% | 77 Outperform | |
| Brookfield Corporation | 3.12% | $132.41M | $117.90B | 17.38% | 65 Neutral | |
| Canadian Bank of Commerce | 3.07% | $130.48M | C$120.26B | 53.54% | 74 Outperform | |
| Canadian Natural | 2.88% | $122.16M | C$113.38B | 32.77% | 81 Outperform |
EWC Technical Analysis
Positive
―
Price Trends
54.52
Positive
52.41
Positive
49.13
Positive
Market Momentum
0.42
Negative
56.63
Neutral
59.13
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For EWC, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.47, equal to the 50-day MA of 54.52, and equal to the 200-day MA of 49.13, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 56.63 is Neutral, neither overbought nor oversold. The STOCH value of 59.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EWC.
EWC Peer Comparison
Comparison Results
Performance Comparison
EWC
iShares MSCI Canada ETF
56.17
14.39
34.44%
BBCA
JPMorgan BetaBuilders Canada ETF
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―
―
ONEQ
Fidelity Nasdaq Composite Index ETF
―
―
―
CGUS
Capital Group Core Equity ETF
―
―
―
AKRE
Akre Focus ETF
―
―
―
FLCA
Franklin FTSE Canada ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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