CDUAF vs. EWC
CDUAF (Canadian Utilities Limited) is a stock, while EWC (iShares MSCI Canada ETF) is Canada Equities fund tracking the MSCI Canada Custom Capped Index. Over the past 10 years, CDUAF returned 7.88%/yr vs 11.36%/yr for EWC. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
CDUAF vs. EWC - Performance Comparison
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Returns By Period
In the year-to-date period, CDUAF achieves a 31.32% return, which is significantly higher than EWC's 10.64% return. Over the past 10 years, CDUAF has underperformed EWC with an annualized return of 7.88%, while EWC has yielded a comparatively higher 11.36% annualized return.
CDUAF
- 1D
- -0.76%
- 1M
- 8.47%
- 6M
- 26.63%
- YTD
- 31.32%
- 1Y
- 49.12%
- 3Y*
- 24.47%
- 5Y*
- 12.01%
- 10Y*
- 7.88%
- ALL TIME*
- 3.30%
EWC
- 1D
- -0.67%
- 1M
- 2.80%
- 6M
- 9.97%
- YTD
- 10.64%
- 1Y
- 31.27%
- 3Y*
- 20.82%
- 5Y*
- 11.97%
- 10Y*
- 11.36%
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.27M | $2.89M | $1.49M | |
| $91.15M | $81.48M | $99.46M |
CDUAF vs. EWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 31.32% | 35.10% | 6.34% | -6.25% | -1.87% | 25.16% | -14.69% | 37.49% | -19.67% | 15.55% |
EWC iShares MSCI Canada ETF | 10.64% | 35.92% | 12.38% | 14.73% | -12.95% | 26.98% | 5.52% | 27.58% | -17.16% | 15.73% |
Correlation
The correlation between CDUAF and EWC is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.25 |
Over the past year, the correlation between CDUAF and EWC has dropped to 0.05 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
CDUAF vs. EWC — Risk / Return Rank
CDUAF
EWC
CDUAF vs. EWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Utilities Limited (CDUAF) and iShares MSCI Canada ETF (EWC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CDUAF | EWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 9.60 | 3.58 | +6.01 |
| Martin ratioReturn relative to average drawdown | 23.94 | 14.22 | +9.72 |
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Drawdowns
CDUAF vs. EWC - Drawdown Comparison
The maximum CDUAF drawdown since its inception was -71.22%, which is greater than EWC's maximum drawdown of -60.75%. Use the drawdown chart below to compare losses from any high point for CDUAF and EWC.
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Drawdown Indicators
| CDUAF | EWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.22% | -60.75% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.35% | -8.51% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -12.97% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -24.81% | -7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -42.66% | +0.74% |
Current DrawdownCurrent decline from peak | -9.04% | -0.75% | -8.29% |
Average DrawdownAverage peak-to-trough decline | -39.68% | -13.08% | -26.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.14% | 0.00% |
Volatility
CDUAF vs. EWC - Volatility Comparison
Canadian Utilities Limited (CDUAF) has a higher volatility of 5.29% compared to iShares MSCI Canada ETF (EWC) at 2.99%. This indicates that CDUAF's price experiences larger fluctuations and is considered to be riskier than EWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDUAF | EWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 2.99% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 11.43% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 14.36% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 17.21% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 18.66% | +5.50% |
Dividends
CDUAF vs. EWC - Dividend Comparison
CDUAF's dividend yield for the trailing twelve months is around 3.34%, more than EWC's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 3.34% | 4.21% | 5.47% | 6.05% | 5.03% | 4.85% | 5.32% | 4.24% | 4.49% | 4.82% | 4.82% | 5.11% |
EWC iShares MSCI Canada ETF | 1.26% | 1.45% | 2.23% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% |
Frequently Asked Questions
CDUAF and EWC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDUAF has higher volatility (5.29%) compared to EWC (2.99%). In terms of maximum drawdown, CDUAF dropped -71.22% vs EWC's -60.75%.
CDUAF currently has the higher Sharpe Ratio (3.18 vs 2.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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