EWC - ETF AI Analysis

Top Page

iShares MSCI Canada ETF (EWC)

Rating:74Outperform

Price Target:―

EWC, the iShares MSCI Canada ETF, has a solid overall rating driven by strong Canadian financial and resource leaders like Royal Bank of Canada, Shopify, and gold producers Agnico Eagle and Barrick, which benefit from robust financial performance, positive earnings calls, and generally supportive technical trends. However, holdings such as Enbridge and Brookfield, where high leverage, valuation concerns, and some financial challenges are noted, likely hold the rating back somewhat. The main risk factor is the ETF’s heavy concentration in a few large Canadian financial and energy-related names, which can make performance more sensitive to sector-specific and Canada-focused economic conditions.

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)

AUM4.20B

RegionNorth America

Expense Ratio0.50%

Beta0.61

IssueriShares

Inception DateMar 12, 1996

Dividend Yield1.39%

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. Volume2,425,415

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

61.91

Price 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
RY	Royal Bank Of Canada	8.26%	$342.97M	$237.50B	42.36%	75 Outperform
TD	Toronto Dominion Bank	5.78%	$239.80M	$161.20B	59.53%	74 Outperform
SHOP	Shopify	4.64%	$192.80M	$147.37B	-12.19%	77 Outperform
ENB	Enbridge	3.90%	$161.83M	$117.41B	25.10%	69 Neutral
AEM	Agnico Eagle	3.57%	$147.98M	$108.79B	125.97%	80 Outperform
BMO	Bank Of Montreal	3.50%	$145.26M	C$136.23B	39.55%	74 Outperform
BNS	Bank Of Nova Scotia	3.26%	$135.28M	$93.66B	47.76%	77 Outperform
BN	Brookfield Corporation	3.26%	$135.14M	$118.34B	17.67%	65 Neutral
CM	Canadian Bank of Commerce	3.09%	$128.29M	C$120.93B	54.37%	74 Outperform
CNQ	Canadian Natural	2.89%	$120.16M	C$115.38B	35.06%	81 Outperform

EWC Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

54.52

Positive

100DMA

52.41

Positive

200DMA

49.13

Positive

Market Momentum

MACD

0.42

Negative

RSI

56.63

Neutral

STOCH

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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
EWC	―	―	$4.20B	0.50%	―
BBCA	―	―	$10.02B	0.19%	―
ONEQ	―	―	$9.24B	0.21%	―
CGUS	―	―	$8.84B	0.33%	―
AKRE	―	―	$7.59B	0.98%	―
FLCA	―	―	$622.06M	0.09%	―

Performance Comparison

EWC

iShares MSCI Canada ETF

56.17

14.39

34.44%

BBCA

JPMorgan BetaBuilders Canada ETF

―

ONEQ

Fidelity Nasdaq Composite Index ETF

―

CGUS

Capital Group Core Equity ETF

―

AKRE

Akre Focus ETF

―

FLCA

Franklin FTSE Canada ETF

―

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: ―

Table of Contents