EWC

iShares MSCI Canada ETF

Tracks the MSCI Canada Custom Capped Index. Concentrated in financials (RBC, TD) and energy (Enbridge, Canadian Natural Resources). Commodity-linked economy with CAD/USD currency risk.

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EquityTER 0.50%Dist.

TER

0.50%

AUM

$4B

CAGR

9.0%

Volatility

21.5%

Sharpe

0.28

Max Drawdown

-56.7%

Data Range

1996-03 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD0.0%

Worst DD-56.7%

Worst date2009-02

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return8.2%

Best37.3%

Worst-12.2%

% positive80%

326 periods

Key Facts

ISIN

US4642865087

Issuer

BlackRock

Benchmark

MSCI Canada Custom Capped Index

Total Expense Ratio (TER)

0.50%

Assets Under Management

$4B approx.

Inception Date

1996-03-12

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Full Replication)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

~90

Top 10 Holdings

Top 10 represent 46.7% of the fund.

RYRoyal Bank of Canada

8.80%

Financials

TDToronto-Dominion Bank

6.80%

Financials

SHOPShopify Inc.

5.80%

Technology

ENBEnbridge Inc.

4.80%

Energy

BNBrookfield Corp.

4.20%

Financials

BMOBank of Montreal

3.80%

Financials

CNRCanadian National Railway

3.50%

Industrials

CPCanadian Pacific Kansas

3.20%

Industrials

BNSBank of Nova Scotia

3.00%

Financials

SUSuncor Energy

2.80%

Energy

Sector Breakdown

Financials

35%

Energy

16%

Industrials

10%

Technology

Materials

Consumer Discretionary

Communication Services

Consumer Staples

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓General portfolio building block for the asset class it covers.

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), BlackRock (metadata)Last verified: 2026-04-17

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💬 Frequently Asked Questions

Tracks the MSCI Canada Custom Capped Index. Concentrated in financials (RBC, TD) and energy (Enbridge, Canadian Natural Resources). Commodity-linked economy with CAD/USD currency risk.

EWC has a total expense ratio (TER) of 0.50%, which means you pay $50 per year for every $10,000 invested.

Yes, EWC is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

EWC is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

EWC uses full physical replication, meaning it holds all (or nearly all) securities in the MSCI Canada Custom Capped Index index directly.