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EWC - ETF AI Analysis
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iShares MSCI Canada ETF (EWC)
Rating:73Outperform
Price Target:
$56.00
Positive Factors
Strong Top Holdings
Several key holdings, like Shopify and Toronto Dominion Bank, have shown strong year-to-date performance, supporting the ETF's overall returns.
Sector Diversification
The ETF is spread across multiple sectors, including financials, energy, and materials, reducing reliance on any single industry.
Healthy Year-to-Date Performance
The fund has delivered solid year-to-date gains, indicating resilience in its portfolio.
Negative Factors
High Financial Sector Concentration
Over 36% of the ETF is allocated to financials, making it vulnerable to sector-specific risks.
Limited Geographic Exposure
The ETF is heavily focused on North America, with minimal exposure to other global markets, which limits diversification.
Moderate Expense Ratio
The fund's expense ratio is higher than some low-cost alternatives, which could eat into long-term returns.
EWC vs. SPDR S&P 500 ETF (SPY)
AUM3.32B
RegionNorth America
Expense Ratio0.50%
Beta0.60
IssueriShares
Inception DateMar 12, 1996
Dividend Yield1.72%
Asset ClassEquity
Index TrackedMSCI Canada Custom Capped
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,928,082
30 Day Avg. Volume1,769,621
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
56.13Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering84
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EWC Summary
The iShares MSCI Canada ETF (EWC) is an investment fund that tracks the MSCI Canada Index, giving you exposure to large and mid-sized Canadian companies across key sectors like financials, energy, and materials. Some well-known companies in this ETF include Royal Bank of Canada and Shopify. Investing in EWC can be a good way to diversify your portfolio geographically and benefit from Canada's stable, resource-rich economy. However, since this ETF is heavily influenced by financial and energy sectors, its performance can be impacted by changes in those industries or the broader Canadian 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
The iShares MSCI Canada ETF (EWC) leans heavily on Canada's financial sector, with names like Royal Bank of Canada and Toronto Dominion Bank providing steady performance and a solid foundation for the fund. Shopify stands out as a rising star, driving gains with its innovative growth strategies, while energy giant Enbridge has been lagging slightly due to mixed technical signals and regulatory challenges. Materials stocks like Agnico Eagle are shining bright, buoyed by strong profitability and growth projects. Overall, the fund’s concentration in financials and energy reflects Canada’s economic backbone, offering a stable yet resource-driven investment story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Royal Bank Of Canada | 7.86% | $260.58M | $204.56B | 16.75% | 75 Outperform | |
| Shopify | 7.59% | $251.52M | $212.58B | 82.41% | 78 Outperform | |
| Toronto Dominion Bank | 5.39% | $178.60M | $137.61B | 41.63% | 75 Outperform | |
| Enbridge | 3.87% | $128.37M | $101.55B | 10.51% | 70 Outperform | |
| Brookfield Corporation | 3.47% | $114.98M | $113.47B | 19.07% | 61 Neutral | |
| Bank Of Montreal | 3.39% | $112.31M | C$124.08B | 31.86% | 74 Outperform | |
| Bank Of Nova Scotia | 3.11% | $103.06M | $81.28B | 21.74% | 71 Outperform | |
| Agnico Eagle | 3.07% | $101.61M | $80.17B | 86.24% | 80 Outperform | |
| Canadian Bank of Commerce | 2.99% | $99.02M | C$109.32B | 30.14% | 78 Outperform | |
| Canadian Natural | 2.55% | $84.65M | C$94.01B | -9.54% | 80 Outperform |
EWC Technical Analysis
Neutral
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Price Trends
50.21
Negative
48.43
Positive
45.10
Positive
Market Momentum
<0.01
Positive
43.63
Neutral
13.83
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For EWC, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 50.50, equal to the 50-day MA of 50.21, and equal to the 200-day MA of 45.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.63 is Neutral, neither overbought nor oversold. The STOCH value of 13.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EWC.
EWC Peer Comparison
Comparison Results
Performance Comparison
EWC
iShares MSCI Canada ETF
49.75
8.88
21.73%
DFAU
Dimensional US Core Equity Market ETF
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PBUS
Invesco PureBeta MSCI USA ETF
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ONEQ
Fidelity Nasdaq Composite Index ETF
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BBCA
JPMorgan BetaBuilders Canada ETF
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FLCA
Franklin FTSE Canada ETF
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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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