Overview
Broad Canadian equity market exposure. 90+ companies across financials, energy, materials, and industrials. Canada's close US economic ties and resource wealth make EWC a stable developed market with commodity upside.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| RY | Royal Bank of Canada | 13.8% |
| TD | Toronto-Dominion Bank | 10.4% |
| CNR | Canadian Nat. Railway | 5.8% |
| BNS | Bank of Nova Scotia | 5.4% |
| BMO | Bank of Montreal | 5.2% |
| CP | Canadian Pacific Railway | 4.8% |
| ENB | Enbridge Inc. | 4.4% |
| ABX | Barrick Gold Corp. | 3.4% |
| BCE | BCE Inc. | 3.2% |
| MFC | Manulife Financial | 2.8% |
Fund Details
Investment Thesis
Canada offers a compelling combination of world-class financial services companies, major energy infrastructure and production assets, globally significant mining and materials companies, and two of the world's most important railways. The six major Canadian banks are among the most consistently profitable and well-capitalized banking institutions globally. Canada's resource endowment spanning oil sands, gold, base metals, and potash provides inflation hedging characteristics while the economy's deep integration with the US provides stability. The CAD/USD correlation provides modest currency diversification.
Who It's For
Investors seeking North American equity diversification beyond the US with stable, income-generating holdings in a highly correlated but distinct market. EWC suits those wanting exposure to Canadian banking stability, energy infrastructure, and materials without the emerging market volatility of commodity-centric alternatives. The economic and currency ties to the US make EWC a more conservative international holding relative to most developed market alternatives.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $26.42 | -- |
| 2017 | $32.18 | +21.8% |
| 2018 | $28.42 | -11.7% |
| 2019 | $33.18 | +16.7% |
| 2020 | $32.82 | -1.1% |
| 2021 | $40.42 | +23.2% |
| 2022 | $32.18 | -20.4% |
| 2023 | $38.42 | +19.4% |
| 2024 | $40.18 | +4.6% |
| 2025 | $44.12 | +9.8% |
| Year | Yield |
|---|---|
| 2016 | 2.82% |
| 2017 | 2.62% |
| 2018 | 2.88% |
| 2019 | 2.68% |
| 2020 | 2.42% |
| 2021 | 2.18% |
| 2022 | 2.78% |
| 2023 | 2.58% |
| 2024 | 2.62% |
| 2025 | 2.88% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $3.8B | -- |
| 2017 | $4.8B | +26.3% |
| 2018 | $4.4B | -8.3% |
| 2019 | $4.8B | +9.1% |
| 2020 | $4.8B | 0.0% |
| 2021 | $5.8B | +20.8% |
| 2022 | $4.4B | -24.1% |
| 2023 | $5.2B | +18.2% |
| 2024 | $5.8B | +11.5% |
| 2025 | $3.8B | -34.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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