EWC - ETF AI Analysis
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iShares MSCI Canada ETF (EWC)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Performance So Far This Year
The ETF has delivered solid gains year-to-date, showing that its portfolio has recently been working well for investors.
Leading Canadian Banks Driving Returns
Several of the largest holdings are major Canadian banks that have shown strong performance, helping support the fund’s overall results.
Broad Sector Coverage Within Canada
The fund holds companies across financials, energy, materials, industrials, and technology, giving investors exposure to multiple parts of the Canadian economy.
Negative Factors
Heavy Concentration in Financials
A large share of the portfolio is in financial stocks, which means the ETF could be hit hard if the banking sector faces problems.
Notable Weakness in a Key Tech Holding
One of the top technology holdings has shown weak performance this year, which can drag on the fund’s returns if the stock continues to struggle.
Moderately High Expense Ratio
The fund’s fees are on the higher side for a broad country ETF, which slightly reduces the net return investors keep over time.
EWC vs. SPDR S&P 500 ETF (SPY)
AUM6.32B
RegionNorth America
Expense Ratio0.50%
Beta0.64
IssueriShares
Inception DateMar 12, 1996
Dividend Yield1.26%
Asset ClassEquity
Index TrackedMSCI Canada Custom Capped
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,899,971
30 Day Avg. Volume1,703,926
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
65.15Price 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, especially in banking and energy, including well-known names like Royal Bank of Canada and Shopify. Someone might invest in EWC to diversify outside the U.S. and benefit from Canada’s mix of financial, energy, and resource companies. A key risk is that the fund is heavily tilted toward financial and energy stocks, so its value can rise and fall sharply 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 powered by Canada’s big banks, with Royal Bank of Canada, TD, and Bank of Montreal all rising and acting as the fund’s main engine. Energy heavyweight Canadian Natural is also climbing, giving the ETF a solid boost from the resource side of the economy. On the other hand, Shopify has been losing steam and Brookfield’s mixed performance is a mild drag. Overall, the fund leans heavily into financials and energy, is fully Canada-focused, and reflects the country’s classic mix of banks, pipelines, and commodities.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Royal Bank Of Canada | 9.52% | $589.90M | $290.61B | 62.00% | 75 Outperform | |
| Toronto Dominion Bank | 6.46% | $400.37M | $202.33B | 64.87% | 74 Outperform | |
| Shopify | 4.80% | $297.43M | $151.83B | -6.55% | 77 Outperform | |
| Bank Of Montreal | 4.03% | $249.70M | C$177.59B | 60.54% | 74 Outperform | |
| Enbridge | 3.82% | $236.65M | C$166.57B | 16.04% | 69 Neutral | |
| Canadian Bank of Commerce | 3.55% | $219.68M | C$153.85B | 64.49% | 74 Outperform | |
| Bank Of Nova Scotia | 3.51% | $217.65M | C$151.56B | 57.71% | 77 Outperform | |
| Canadian Natural | 3.16% | $195.81M | C$138.93B | 50.57% | 81 Outperform | |
| Brookfield Corporation | 2.81% | $173.77M | $94.84B | -1.99% | 65 Neutral | |
| Canadian Pacific Kansas City | 2.57% | $158.98M | $78.01B | 21.84% | 74 Outperform |
EWC Technical Analysis
Positive
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Price Trends
58.59
Positive
57.54
Positive
55.46
Positive
Market Momentum
0.47
Negative
66.40
Neutral
83.08
Negative
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 59.31, equal to the 50-day MA of 58.59, and equal to the 200-day MA of 55.46, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 66.40 is Neutral, neither overbought nor oversold. The STOCH value of 83.08 is Negative, 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
60.78
14.08
30.15%
BBCA
JPMorgan BetaBuilders Canada ETF
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BBUS
JP Morgan Betabuilders U.S. Equity ETF
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DSI
iShares MSCI KLD 400 Social ETF
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―
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AKRE
Akre Focus 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.
DisclaimerThis 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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