EWC vs. BBCA
Compare and contrast key facts about iShares MSCI Canada ETF (EWC) and JPMorgan BetaBuilders Canada ETF (BBCA).
EWC and BBCA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWC is a passively managed fund by iShares that tracks the performance of the MSCI Canada Index. It was launched on Mar 12, 1996. BBCA is a passively managed fund by JPMorgan Chase that tracks the performance of the Morningstar Canada Target Market Exposure Index. It was launched on Aug 7, 2018. Both EWC and BBCA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWC or BBCA.
Key characteristics
| EWC | BBCA | |
|---|---|---|
| YTD Return | 15.22% | 15.94% |
| 1Y Return | 28.66% | 29.71% |
| 3Y Return (Ann) | 3.86% | 4.48% |
| 5Y Return (Ann) | 9.62% | 10.28% |
| Sharpe Ratio | 2.16 | 2.26 |
| Sortino Ratio | 2.95 | 3.11 |
| Omega Ratio | 1.38 | 1.40 |
| Calmar Ratio | 1.88 | 2.02 |
| Martin Ratio | 15.21 | 16.53 |
| Ulcer Index | 1.91% | 1.82% |
| Daily Std Dev | 13.51% | 13.34% |
| Max Drawdown | -60.75% | -42.81% |
| Current Drawdown | -0.69% | -0.48% |
Correlation
The correlation between EWC and BBCA is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWC vs. BBCA - Performance Comparison
The year-to-date returns for both investments are quite close, with EWC having a 15.22% return and BBCA slightly higher at 15.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWC vs. BBCA - Expense Ratio Comparison
EWC has a 0.49% expense ratio, which is higher than BBCA's 0.19% expense ratio.
Risk-Adjusted Performance
EWC vs. BBCA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada ETF (EWC) and JPMorgan BetaBuilders Canada ETF (BBCA). 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.
Dividends
EWC vs. BBCA - Dividend Comparison
EWC's dividend yield for the trailing twelve months is around 1.99%, less than BBCA's 2.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWC iShares MSCI Canada ETF | 1.99% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% | 2.15% | 2.37% |
BBCA JPMorgan BetaBuilders Canada ETF | 2.27% | 2.51% | 2.65% | 2.17% | 2.40% | 2.32% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWC vs. BBCA - Drawdown Comparison
The maximum EWC drawdown since its inception was -60.75%, which is greater than BBCA's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for EWC and BBCA. For additional features, visit the drawdowns tool.
Volatility
EWC vs. BBCA - Volatility Comparison
iShares MSCI Canada ETF (EWC) has a higher volatility of 3.32% compared to JPMorgan BetaBuilders Canada ETF (BBCA) at 3.15%. This indicates that EWC's price experiences larger fluctuations and is considered to be riskier than BBCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.