iShares MSCI Canada ETF (EWC) Holdings
EWC holdings summary
as of Oct 23, 2026- Holdings
- 81 positions listed
- Top 10 weight
- 45.5% of net assets
- Effective holdings
- 32 equal-weight equivalent
- Largest holding
- RY 8.94% Royal Bank of Canada
- Annual turnover
- 5.8% of the portfolio traded
All EWC holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | RY | Royal Bank of Canada | Financial Services | 8.94% | $665.8M | — | — |
| 2 | SHOP | Shopify Inc | Technology | 6.52% | $485.0M | — | — |
| 3 | TD | Toronto Dominion Bank | Financial Services | 6.43% | $478.5M | — | — |
| 4 | CNQ | Canadian Natural Resources Ltd | Energy | 3.61% | $268.9M | — | — |
| 5 | BMO | Bank of Montreal | Financial Services | 3.52% | $262.4M | — | — |
| 6 | BNS | Bank of Nova Scotia | Financial Services | 3.51% | $261.3M | — | — |
| 7 | ENB | Enbridge Inc | Energy | 3.49% | $259.8M | — | — |
| 8 | CM | Canadian Imperial Bank Of Commerce | Financial Services | 3.25% | $242.0M | — | — |
| 9 | AEM | Agnico Eagle Mines Limited | Basic Materials | 3.18% | $237.1M | — | — |
| 10 | SU | Suncor Energy Inc | Energy | 3.07% | $228.4M | — | — |
| 11 | CP | Canadian Pacific Railway Ltd | Industrials | 2.43% | $180.6M | — | — |
| 12 | BN | Brookfield Corporation | Financial Services | 2.39% | $177.6M | — | — |
| 13 | MFC | Manulife Financial Corp | Financial Services | 2.29% | $170.5M | — | — |
| 14 | ABX | Barrick Gold Corp | Basic Materials | 2.12% | $157.5M | — | — |
| 15 | CNR | Canadian National Railway Co | Industrials | 2.08% | $154.5M | — | — |
| 16 | TRP | TC Energy Corp | Energy | 2.01% | $149.6M | — | — |
| 17 | WPM | Wheaton Precious Metals Corp | Basic Materials | 1.96% | $146.3M | — | — |
| 18 | NA | National Bank of Canada | Financial Services | 1.83% | $136.6M | — | — |
| 19 | CSU | Constellation Software Inc. | Technology | 1.57% | $116.5M | — | — |
| 20 | FNV | Franco-Nevada Corporation | Basic Materials | 1.51% | $112.1M | — | — |
| 21 | SLF | Sun Life Financial Inc. | Financial Services | 1.48% | $110.3M | — | — |
| 22 | CVE | Cenovus Energy Inc | Energy | 1.45% | $108.1M | — | — |
| 23 | ATD | Alimentation Couchen Tard Inc A | Consumer Cyclical | 1.30% | $97.0M | — | — |
| 24 | DOL | Dollarama Inc | Consumer Defensive | 1.30% | $96.7M | — | — |
| 25 | CLS | Celestica Inc. | Technology | 1.16% | $86.1M | — | — |
| 26 | NTR | Nutrien Ltd | Basic Materials | 1.12% | $83.3M | — | — |
| 27 | POW | Power Corporation Of Canada | Financial Services | 1.11% | $82.8M | — | — |
| 28 | CCO | Cameco Corp | Energy | 1.10% | $81.9M | — | — |
| 29 | IFC | Intact Financial Corporation | Financial Services | 1.10% | $81.6M | — | — |
| 30 | FFH | Fairfax Financial Holdings Ltd | Financial Services | 1.07% | $79.4M | — | — |
| 31 | PPL | Pembina Pipeline Corp | Energy | 0.98% | $72.9M | — | — |
| 32 | FTS | Fortis Inc | Utilities | 0.94% | $69.7M | — | — |
| 33 | TECK | Teck Resources Ltd Class B | Other | 0.91% | $67.5M | — | — |
| 34 | K | Kinross Gold Corp | Basic Materials | 0.90% | $67.3M | — | — |
| 35 | L | Loblaw Companies Limited | Consumer Defensive | 0.90% | $67.1M | — | — |
| 36 | QSR | Restaurant Brands International Inc | Consumer Cyclical | 0.77% | $57.7M | — | — |
| 37 | IMO | Imperial Oil Ltd | Energy | 0.61% | $45.1M | — | — |
| 38 | BBD | BOMBARDIER INC CLASS B | Other | 0.60% | $44.5M | — | — |
| 39 | PAAS | Pan American Silver Corp | Basic Materials | 0.59% | $44.2M | — | — |
| 40 | TOU | Tourmaline Oil Corp. | Energy | 0.58% | $42.8M | — | — |
| 41 | WCP | Whitecap Resources Inc. | Energy | 0.56% | $41.7M | — | — |
| 42 | FM | First Quantum Minerals Ltd | Basic Materials | 0.55% | $41.0M | — | — |
| 43 | GWO | Great-West Lifeco Inc. | Financial Services | 0.54% | $40.0M | — | — |
| 44 | MG | Magna International Inc | Consumer Cyclical | 0.53% | $39.8M | — | — |
| 45 | WSP | WSP Global Inc | Industrials | 0.53% | $39.3M | — | — |
| 46 | LUN | Lundin Mining Corporation | Basic Materials | 0.50% | $37.5M | — | — |
| 47 | GIB | CGI INC | Other | 0.47% | $35.4M | — | — |
| 48 | RBA | RB Global | Industrials | 0.47% | $34.9M | — | — |
| 49 | BAM | Brookfield Asset Management Ltd | Financial Services | 0.47% | $34.9M | — | — |
| 50 | TRI | Thomson Reuters Corp | Industrials | 0.46% | $34.3M | — | — |
| 51 | EMA | Emera Inc. | Utilities | 0.45% | $33.2M | — | — |
| 52 | IAG | iA Financial Corporation Inc | Financial Services | 0.44% | $33.0M | — | — |
| 53 | GFL | Gfl Environmental Holdings Inc | Industrials | 0.44% | $33.0M | — | — |
| 54 | AGI | Alamos Gold Inc | Basic Materials | 0.43% | $31.8M | — | — |
| 55 | H | Hydro One Ltd | Utilities | 0.41% | $30.6M | — | — |
| 56 | ALA | AltaGas Ltd | Energy | 0.41% | $30.6M | — | — |
| 57 | MRU | Metro Inc. | Consumer Defensive | 0.41% | $30.3M | — | — |
| 58 | TIH | Toromont Industries Ltd. | Industrials | 0.40% | $29.7M | — | — |
| 59 | RCI | Rogers Communications Inc Class B | Other | 0.40% | $29.6M | — | — |
| 60 | EQX | Equinox Gold Corp | Basic Materials | 0.39% | $29.1M | — | — |
| 61 | KEY | Keyera Corp. | Energy | 0.39% | $29.0M | — | — |
| 62 | WN | George Weston Limited | Consumer Defensive | 0.39% | $29.0M | — | — |
| 63 | X | TMX Group Limited | Financial Services | 0.34% | $24.9M | — | — |
| 64 | ATRL | AtkinsRealis Group Inc | Industrials | 0.31% | $23.2M | — | — |
| 65 | CCL | CCL INDUSTRIES INC CLASS B | Other | 0.31% | $23.1M | — | — |
| 66 | TFII | TFI International Inc | Industrials | 0.27% | $19.9M | — | — |
| 67 | STN | Stantec Inc | Industrials | 0.25% | $18.8M | — | — |
| 68 | CAE | CAE Inc. | Industrials | 0.23% | $17.4M | — | — |
| 69 | GIL | Gildan Activewear Inc. | Consumer Cyclical | 0.23% | $17.0M | — | — |
| 70 | CTC | Canadian Tire Corporation Limited | Consumer Cyclical | 0.21% | $16.0M | — | — |
| 71 | SAP | Saputo Inc | Consumer Defensive | 0.21% | $15.8M | — | — |
| 72 | LUG | Lundin Gold Inc | Basic Materials | 0.20% | $14.9M | — | — |
| 73 | BCE | BCE Inc | Communication Services | 0.19% | $14.5M | — | — |
| 74 | EFN | Element Fleet Management Corp | Industrials | 0.19% | $14.3M | — | — |
| 75 | IVN | Ivanhoe Mines Ltd. | Basic Materials | 0.18% | $13.5M | — | — |
| 76 | T | Telus Corp | Communication Services | 0.14% | $10.8M | — | — |
| 77 | IGM | IGM Financial Inc. | Financial Services | 0.14% | $10.8M | — | — |
| 78 | CU | Canadian Utilities Limited | Utilities | 0.14% | $10.3M | — | — |
| 79 | EMP | EMPIRE LTD CLASS A | Other | 0.13% | $9.8M | — | — |
| 80 | BEPC | Brookfield Renewable Corp | Utilities | 0.13% | $9.6M | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($7.44B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
EWC sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 38.9% | 17 | RY, TD, BMO |
| Energy | 18.3% | 12 | CNQ, ENB, SU |
| Basic Materials | 13.6% | 13 | AEM, ABX, WPM |
| Technology | 9.2% | 3 | SHOP, CSU, CLS |
| Industrials | 8.1% | 12 | CP, CNR, WSP |
| Consumer Defensive | 3.2% | 5 | DOL, L, MRU |
| Consumer Cyclical | 3.1% | 5 | ATD, QSR, MG |
| Other | 2.8% | 6 | TECK, BBD, GIB |
| Utilities | 2.1% | 5 | FTS, EMA, H |
| Communication Services | 0.3% | 2 | BCE, T |
Sum of the weights of the holdings in each sector.
EWC top industries
EWC overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| FLCA | Franklin FTSE Canada ETF | 80.7% | 67 of 87 | 0.08% |
| BBCA | JPMorgan BetaBuilders Canada ETF | 79.3% | 62 of 75 | 0.18% |
| VXUS | Vanguard Total International Stock ETF | 6.4% | 71 of 8,035 | 0.05% |
| QQQ | Invesco QQQ ETF | 1.1% | 2 of 101 | 0.17% |
| VTI | Vanguard Total Stock Market ETF | 0.3% | 11 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.3% | 5 of 502 | 0.09% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the EWC portfolio
iShares MSCI Canada ETF holds 81 positions. The ten largest make up 45.5% of the fund and the top 50 90.8%, so it behaves like a portfolio of about 32 equally weighted positions. The biggest positions are Royal Bank of Canada (8.94%), Shopify Inc (6.52%), Toronto Dominion Bank (6.43%), Canadian Natural Resources Ltd (3.61%), Bank of Montreal (3.52%).
By sector, Financial Services is 38.9%, Energy is 18.3%, Basic Materials is 13.6%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 23, 2026; positions change as the fund rebalances.
Related: EWC chart, EWC performance, EWC dividends, EWC overview.
EWC holdings FAQ
How many holdings does EWC have?
EWC holds 81 positions as of October 23, 2026.
What are the top 10 holdings of EWC?
The ten largest holdings are Royal Bank of Canada (8.94%), Shopify Inc (6.52%), Toronto Dominion Bank (6.43%), Canadian Natural Resources Ltd (3.61%), Bank of Montreal (3.52%), Bank of Nova Scotia (3.51%), Enbridge Inc (3.49%), Canadian Imperial Bank Of Commerce (3.25%), Agnico Eagle Mines Limited (3.18%), Suncor Energy Inc (3.07%). Together they are 45.5% of the fund.
What percentage of EWC is Royal Bank of Canada?
Royal Bank of Canada is the largest holding at 8.94% of net assets, about $665.8M of the fund's $7.44B.
Which sector is the largest in EWC?
Financial Services is the largest sector at 38.9%, followed by Energy (18.3%) and Basic Materials (13.6%), based on the sectors of the individual holdings.
How concentrated is EWC?
The top 10 holdings are 45.5% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) EWC behaves like a portfolio of about 32 equally weighted positions.