iShares MSCI Canada ETF (EWC) Performance
EWC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.1% since Dec 31, 2025
- 1 year
- +21.6% total return
- 5 years
- +11.2% a year
- 10 years
- +11.3% a year
- Since first price
- +9.0% a year since 1996
EWC trailing returns vs SPY, QQQ, AGG
| Period | EWC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.7% | +1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | +3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +4.9% | +7.8% | +8.4% | −1.5% |
| YTD | +13.1% | +12.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.6% | +20.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +98.1%+25.6%/yr | +87.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +69.7%+11.2%/yr | +53.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +190.4%+11.3%/yr | +136.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +206.4%+7.8%/yr | +122.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +271.9%+6.8%/yr | +148.5% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| 30 years | +1,113.1%+8.7%/yr | +570.6% | +1,693.8%+10.1%/yr | — | — |
| Since inceptionMar 18, 1996 | +1,294.9%+9.0%/yr | +668.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EWC vs SPY
From Mar 18, 1996: EWC grew to $139,492, SPY to $196,507.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EWC returns by calendar year
21 of 29 full years positive. Best 2003 (+53.5%), worst 2008 (−44.4%). 2026 is year to date.
EWC annual returns table
| Year | EWC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.1% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.9% | −12.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.4% | −7.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.7% | −12.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.0% | −24.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.0% | −8.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.5% | −42.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.6% | −5.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.2% | −22.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +15.7% | −7.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +23.8% | −12.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −23.9% | −26.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +1.1% | −17.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +5.3% | −11.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +9.1% | −15.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −12.4% | −28.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +19.8% | −14.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +53.1% | −27.0% | +26.4% | +54.7% | +3.0% |
| 2008 | −44.4% | −59.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +28.4% | −14.9% | +5.1% | +19.0% | +6.6% |
| 2006 | +16.9% | −13.1% | +15.8% | +7.1% | +3.9% |
| 2005 | +27.5% | −10.0% | +4.8% | +1.6% | +2.3% |
| 2004 | +22.8% | −13.9% | +10.7% | +10.5% | +3.8% |
| 2003 | +53.5% | −5.9% | +28.2% | +49.7% | — |
| 2002 | −10.8% | −29.2% | −21.6% | −37.4% | — |
| 2001 | −20.0% | −33.3% | −11.8% | −33.3% | — |
| 2000 | +8.2% | −25.4% | −9.7% | −36.1% | — |
| 1999 | +48.8% | −11.1% | +20.4% | — | — |
| 1998 | −7.7% | −33.2% | +28.7% | — | — |
| 1997 | +10.6% | −12.9% | +33.5% | — | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EWC largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 6, 2007 | −60.8% | Mar 9, 2009 | Apr 5, 2011 | 1.3 years | 3.4 years |
| Sep 5, 2000 | −51.7% | Oct 9, 2002 | Nov 3, 2004 | 2.1 years | 4.2 years |
| Feb 19, 2020 | −42.7% | Mar 23, 2020 | Nov 27, 2020 | 33 days | 9 months |
| Sep 3, 2014 | −41.4% | Jan 20, 2016 | Nov 15, 2019 | 1.4 years | 5.2 years |
| Apr 21, 1998 | −33.2% | Oct 2, 1998 | Oct 29, 1999 | 5 months | 1.5 years |
| Apr 8, 2011 | −28.5% | Oct 4, 2011 | Jun 23, 2014 | 6 months | 3.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EWC risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 1996 |
|---|---|---|---|---|
| Annualized return | +22.7% | +12.2% | +10.8% | +8.8% |
| Volatility (annualized) | 13.7% | 16.7% | 17.2% | 19.9% |
| Sharpe ratio | 1.26 | 0.56 | 0.55 | — |
| Sortino ratio | 2.32 | 0.86 | 0.82 | — |
| Best month | +10.2% | +10.2% | +14.4% | +23.3% |
| Worst month | −5.6% | −10.3% | −20.8% | −27.2% |
| Best 12 months | +42.8% | +42.8% | +59.4% | +74.1% |
| Worst 12 months | +8.9% | −14.0% | −19.2% | −51.7% |
| Positive months | 69% | 63% | 60% | 58% |
| Beta vs S&P 500 | 0.74 | 0.87 | 0.95 | — |
| Correlation with S&P 500 | 0.68 | 0.82 | 0.85 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EWC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 356 | −51.7% | +11.5% | +74.1% | 70% |
| 3-year (a year) | 332 | −12.2% | +6.3% | +37.3% | 80% |
| 5-year (a year) | 308 | −6.4% | +7.0% | +33.0% | 89% |
| 10-year (a year) | 248 | −0.3% | +7.0% | +16.4% | 99% |
Every holding period starting at a month-end since 1996. Returns for 3 years and longer are annualized.
EWC performance overview
iShares MSCI Canada ETF (EWC) returned +21.6% over the past year and +11.3% a year over ten years, with distributions reinvested. Since its first recorded price in 1996 it has returned +9.0% a year, turning $10,000 into about $139,492. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −60.8%, from Nov 6, 2007 to Mar 9, 2009, and it took 2.1 years to get back to the old high. EWC finished 21 of its 29 full calendar years with a gain; the best year was 2003 (+53.5%) and the worst 2008 (−44.4%). Volatility has been 19.9% a year.
Related: EWC chart, EWC holdings, EWC dividends. See the EWC overview for the latest quote and fund facts.
EWC performance FAQ
What is the EWC return over the past year?
EWC returned +21.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.0%.
What is the average annual return of EWC?
EWC has returned +11.2% a year over 5 years, +11.3% a year over 10 years, +9.0% a year since March 18, 1996 (total return, distributions reinvested).
How much would $10,000 invested in EWC be worth?
$10,000 invested in EWC at its first recorded close on March 18, 1996 would be worth about $139,492 on October 23, 2026 with distributions reinvested.
What was the worst year for EWC?
The worst calendar year was 2008, with a total return of −44.4%. The best was 2003 at +53.5%.
What is the biggest drawdown of EWC?
The largest peak-to-trough decline was −60.8% between November 6, 2007 and March 9, 2009. It recovered to the old high on April 5, 2011, 2.1 years after the bottom.
How volatile is EWC?
Over the past 3 years EWC had an annualized volatility of 13.7% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).