ATLASiShares MSCI Canada ETF (EWC): outlook, holdings and fees
iShares MSCI Canada ETF (EWC) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.50% and the yield is 1.32%. The ten largest holdings are 45% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on EWC
| Last price | $61.14 (+0.9%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $59.91 – $63.02 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 1.32% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
EWC fund facts
| Issuer | iShares |
|---|---|
| Theme | Canada |
| Assets under management | $7.1B |
| Expense ratio | 0.50% |
| Number of holdings | 81 |
| Portfolio turnover | 6% |
| Inception | Mar 12, 1996 |
| Exchange | NYSE |
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is designed to measure broad-based equity performance in Canada. The underlying index includes large- and mid-capitalization companies and may change over time.
EWC top holdings
| Holding | Sector | Weight |
|---|---|---|
| Royal Bank of Canada RY | Financial Services | 9.09% |
| Shopify Inc SHOP | Technology | 6.61% |
| Toronto Dominion Bank TD | Financial Services | 6.27% |
| Bank of Montreal BMO | Financial Services | 3.56% |
| Bank of Nova Scotia BNS | Financial Services | 3.74% |
| Canadian Natural Resources Ltd CNQ | Energy | 3.26% |
| Enbridge Inc ENB | Energy | 3.50% |
| Canadian Imperial Bank Of Commerce CM | Financial Services | 3.36% |
| Agnico Eagle Mines Limited AEM | Basic Materials | 3.08% |
| Suncor Energy Inc SU | Energy | 2.69% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
EWC sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 38.1% |
| Energy | 18.0% |
| Basic Materials | 14.9% |
| Technology | 10.8% |
| Industrials | 8.6% |
| Consumer Defensive | 3.4% |
| Consumer Cyclicals | 3.3% |
| Utilities | 2.2% |
| Communication Services | 0.7% |
By region: North America 100.0%.
EWC returns and risk
| Year to date | +10.0% |
|---|---|
| 1 year | +17.6% |
| 3 years (annualised) | +23.0% |
| 5 years (annualised) | +12.0% |
| 10 years (annualised) | +11.1% |
| Volatility (3 years) | 13.3% |
| Sharpe ratio (3 years) | 1.19 |
Past returns do not guarantee future results.
EWC: frequently asked questions
What does EWC invest in?
iShares MSCI Canada ETF invests in a portfolio of securities. Its largest holdings are Royal Bank of Canada (9.1%), Shopify Inc (6.6%), Toronto Dominion Bank (6.3%), Bank of Montreal (3.6%), Bank of Nova Scotia (3.7%).
What is the EWC expense ratio?
0.50% a year: about $50.00 for every $10,000 invested.
What is the EWC dividend yield?
1.32%. ATLAS does not hold the exact distribution dates for ETFs.
Will EWC go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $59.91 to $63.02 from $61.14 today. It is a probability, not a prediction.
How has EWC performed?
Year to date +10.0%, one year +17.6%, three years +23.0% a year, five years +12.0% a year. Past returns do not guarantee future results.
Similar ETFs: Canada
Educational information, not investment advice. Disclaimer