iShares MSCI Canada ETF

10-Year Study

EWC.US · · US · ETF

Executive Summary: iShares MSCI Canada ETF has compounded at 11.4% annually over the last 10 years, with a maximum drawdown of 26.9% and an annualized volatility of 16.9%.

1Y CAGR
+34.2%
3Y CAGR
+23.6%
5Y CAGR
+11.3%
10Y CAGR
+11.4%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
26.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.51
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.67
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
17.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +35.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -17.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.66.9-5.55.8————————7.5%
20252.30.0-1.24.25.93.4-0.05.73.60.43.93.235.9%
2024-0.91.24.1-3.63.6-2.14.94.02.5-2.16.4-5.612.4%
20239.5-5.00.43.0-5.56.33.1-3.9-3.5-5.110.26.314.7%
2022-0.60.15.2-7.92.1-10.34.8-4.6-8.77.46.5-5.6-13.0%
2021-0.85.15.84.66.3-1.00.20.0-2.87.9-4.64.127.0%
2020-0.7-7.0-20.811.13.54.05.55.1-4.5-3.414.43.15.5%
201912.93.0-0.83.3-4.35.7-0.8-0.72.5-0.43.02.227.6%
20180.8-7.0-0.82.12.2-0.02.5-1.4-0.1-7.90.5-8.6-17.2%
20173.9-1.80.7-2.3-0.43.14.3-0.13.8-0.50.53.715.7%
2016———7.1-3.60.93.00.31.5-1.32.61.512.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 16.9%. The dominant macroeconomic risk driver is VTI.US, accounting for 70.3% of variance. Idiosyncratic stock-specific factors contribute 8.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110712.791423813487
2016-05-0110324.781432139882
2016-06-0110419.181931723562
2016-07-0110729.496253122397
2016-08-0110759.263114071606
2016-09-0110920.795170691088
2016-10-0110776.280183180683
2016-11-0111056.827643630308
2016-12-0111227.362614487925
2017-01-0111669.598251457119
2017-02-0111459.200666111574
2017-03-0111540.799333888424
2017-04-0111274.562864279764
2017-05-0111231.62989175687
2017-06-0111582.899666944213
2017-07-0112076.342631140715
2017-08-0112063.332639467111
2017-09-0112526.488343047462
2017-10-0112461.542464612823
2017-11-0112526.488343047462
2017-12-0112993.599084096586
2018-01-0113098.823896752705
2018-02-0112182.608243130724
2018-03-0112081.754787676935
2018-04-0112331.650707743547
2018-05-0112599.084096586177
2018-06-0112596.273938384678
2018-07-0112905.599500416318
2018-08-0112724.448376353039
2018-09-0112715.601582014986
2018-10-0111712.635303913406
2018-11-0111770.087427144046
2018-12-0110763.270191507077
2019-01-0112151.332223147378
2019-02-0112510.720233139049
2019-03-0112416.371773522065
2019-04-0112825.145711906745
2019-05-0112277.112822647794
2019-06-0112973.77185678601
2019-07-0112869.535803497085
2019-08-0112778.882181515402
2019-09-0113100.697335553703
2019-10-0113046.315570358034
2019-11-0113431.619483763528
2019-12-0113731.733971690259
2020-01-0113630.67235636969
2020-02-0112675.114487926727
2020-03-0110038.093255620317
2020-04-0111154.454621149041
2020-05-0111549.54204829309
2020-06-0112010.2518734388
2020-07-0112673.86552872606
2020-08-0113323.58451290591
2020-09-0112720.285179017485
2020-10-0112284.034138218152
2020-11-0114052.196086594504
2020-12-0114489.696086594504
2021-01-0114376.977518734386
2021-02-0115114.592006661114
2021-03-0115997.866361365526
2021-04-0116730.84929225645
2021-05-0117792.67277268942
2021-06-0117618.80724396336
2021-07-0117647.221065778514
2021-08-0117651.904662781017
2021-09-0117160.28309741882
2021-10-0118521.752706078267
2021-11-0117670.847210657783
2021-12-0118398.470024979182
2022-01-0118283.5657785179
2022-02-0118297.92880932556
2022-03-0119250.62447960033
2022-04-0117737.77060782681
2022-05-0118111.20940882598
2022-06-0116241.985845129058
2022-07-0117028.04954204829
2022-08-0116246.773522064947
2022-09-0114833.836386344712
2022-10-0115928.497085761863
2022-11-0116970.181099084097
2022-12-0116015.299750208158
2023-01-0117532.16069941715
2023-02-0116661.167776852624
2023-03-0116724.760616153206
2023-04-0117223.8759367194
2023-05-0116274.61490424646
2023-06-0117294.442131557033
2023-07-0117833.159866777685
2023-08-0117146.128226477933
2023-09-0116538.197335553705
2023-10-0115688.072439633637
2023-11-0117289.498334721065
2023-12-0118373.59492089925
2024-01-0118208.26394671107
2024-02-0118418.66153205662
2024-03-0119175.062447960034
2024-04-0118493.80724396336
2024-05-0119165.01873438801
2024-06-0118753.486677768527
2024-07-0119678.80932556203
2024-08-0120472.626977518736
2024-09-0120993.390924229803
2024-10-0120543.401332223144
2024-11-0121868.130724396335
2024-12-0120648.365945045796
2025-01-0121119.743963363864
2025-02-0121124.89592006661
2025-03-0120878.955037468775
2025-04-0121749.947960033303
2025-05-0123036.011656952534
2025-06-0123830.2456286428
2025-07-0123819.9417152373
2025-08-0125166.163613655284
2025-09-0126074.000832639467
2025-10-0126171.992089925057
2025-11-0127182.97252289758
2025-12-0128065.154038301414
2026-01-0128236.885928393007
2026-02-0130172.772689425474
2026-03-0128512.697751873435
2026-04-0130177.97668609492
Annual Return Matrix
YearAnnual Return
20170.15731534913902978
2018-0.17164827682880424
20190.2757957133256297
20200.05519784438490305
20210.2697623135105627
2022-0.12953089422845754
20230.14725264012997563
20240.12380652963885042
20250.35919491706970375
20260.07528277396625249
Total Factor Risk
0.1693033589475049
VTI.US Exposure
0.7034398292739804
VEA.US Exposure
0.2693176678963581
VWO.US Exposure
-0.05630109597759658
QQQ.US Exposure
-0.17967150693771444
VTV.US Exposure
-0.06924842440499294
IJR.US Exposure
0.012310754871744111
QUAL.US Exposure
-0.050178514263969576
SHV.US Exposure
0.15156505192804223
TLT.US Exposure
-0.021356846150386223
LQD.US Exposure
0.03252918289546843
HYG.US Exposure
-0.029213138974615915
GLD.US Exposure
0.04070541976230225
USO.US Exposure
0.002370940475233505
VNQ.US Exposure
0.004623720861819328
BTC-USD.CC Exposure
0.021460694863215737
CPER.US Exposure
0.01351683188034751
VIX.INDX Exposure
0.0021075473578659326
UUP.US Exposure
0.005170146578441491
TIP.US Exposure
0.0623176089256222
Idiosyncratic Exposure
0.08453412913883465
Value Score
43.2
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
16.2
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
16.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →16.9x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.35%
Market Cap$59.6B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+3.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+12.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Canada ETF a high-risk investment?

iShares MSCI Canada ETF (EWC.US) has an annualized volatility of 16.9% and experienced a maximum drawdown of 26.9% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of EWC.US?

Over the past 10 years, EWC.US has generated a Compound Annual Growth Rate (CAGR) of 11.4%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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