EWC - ETF AI Analysis
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iShares MSCI Canada ETF (EWC)
EWC, the iShares MSCI Canada ETF, earns a solid overall rating largely because it is anchored by strong Canadian financial and energy leaders like Royal Bank of Canada, Shopify, Canadian Natural, Agnico Eagle, and Suncor, which show robust financial performance, positive earnings sentiment, and generally supportive technical trends. However, the fund is heavily tilted toward a few sectors—especially banks and energy—and some holdings like Enbridge face higher leverage and valuation concerns, making sector concentration and financial risk the main factors that can hold back its rating.
EWC vs. SPDR S&P 500 ETF (SPY)
- AUM
- 7.36B
- Region
- North America
- Expense Ratio
- 0.50%
- Beta
- 0.60
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Dividend Yield
- 1.24%
- Asset Class
- Equity
- Index Tracked
- MSCI Canada Custom Capped
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 leans heavily on Canada’s big banks, with Royal Bank of Canada, TD, and Bank of Montreal acting as the core engine—recent performance has been steady to rising over the year, even if short-term moves have been a bit mixed. Energy names like Canadian Natural and Suncor are giving the fund an extra boost, while Enbridge has been lagging and occasionally weighing on returns. Shopify adds a splash of tech growth but has been volatile, losing steam lately. Overall, this is a Canada-first play, concentrated in financials and energy.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 RY | Royal Bank Of Canada | ― | ― | ― | ― | 75Outperform |
 SHOP | Shopify | ― | ― | ― | ― | 77Outperform |
 TSE:TD | Toronto Dominion Bank | 6.44% | $475.91M | CAD 287.65B | 53.76% | 74Outperform |
 TSE:BMO | Bank Of Montreal | 3.69% | $273.08M | CAD 164.25B | 34.82% | 74Outperform |
 TSE:BNS | Bank Of Nova Scotia | 3.63% | $268.37M | CAD 159.50B | 44.06% | 77Outperform |
 TSE:CNQ | Canadian Natural | 3.62% | $267.19M | CAD 156.88B | 79.10% | 81Outperform |
 TSE:CM | Canadian Bank of Commerce | 3.32% | $245.32M | CAD 144.25B | 40.98% | 74Outperform |
 ENB | Enbridge | ― | ― | ― | ― | 69Neutral |
 AEM | Agnico Eagle | ― | ― | ― | ― | 80Outperform |
 SU | Suncor Energy | ― | ― | ― | ― | 77Outperform |
EWC Technical Analysis
Price Trends
Market Momentum
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 60.58 is above the 20-day moving average (MA) of 59.30, below the 50-day MA of 60.59, and above the 200-day MA of 57.84, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 57.05 is Neutral, neither overbought nor oversold. The STOCH value of 83.68 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
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| EWC | $60.58 | $67.00(10.60% Upside) | $7.36B | 0.50% | 74Outperform |
 BBCA | $104.28 | $119.20(14.30% Upside) | $11.56B | 0.19% | 74Outperform |
 BBUS | $137.67 | $167.90(21.96% Upside) | $9.59B | 0.02% | 73Outperform |
 DSI | $145.48 | $178.86(22.94% Upside) | $5.53B | 0.25% | 74Outperform |
 QLTY | $43.88 | $52.13(18.80% Upside) | $5.48B | 0.50% | 75Outperform |
 FLCA | $54.12 | $62.19(14.92% Upside) | $855.96M | 0.09% | 74Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| EWC | iShares MSCI Canada ETF | 60.58 | 10.54 | 21.07% | |
| BBCA | JPMorgan BetaBuilders Canada ETF | 104.28 | 18.58 | 21.68% | |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 137.67 | 17.33 | 14.40% | |
| DSI | iShares MSCI KLD 400 Social ETF | 145.48 | 19.74 | 15.70% | |
| QLTY | GMO U.S. Quality ETF | 43.88 | 7.00 | 18.97% | |
| FLCA | Franklin FTSE Canada ETF | 54.12 | 9.48 | 21.23% |
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.