EWC vs. VOO
Compare and contrast key facts about iShares MSCI Canada ETF (EWC) and Vanguard S&P 500 ETF (VOO).
EWC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both EWC and VOO 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 VOO.
Key characteristics
| EWC | VOO | |
|---|---|---|
| YTD Return | 15.22% | 27.26% |
| 1Y Return | 28.66% | 37.86% |
| 3Y Return (Ann) | 3.86% | 10.35% |
| 5Y Return (Ann) | 9.62% | 16.03% |
| 10Y Return (Ann) | 5.56% | 13.45% |
| Sharpe Ratio | 2.16 | 3.25 |
| Sortino Ratio | 2.95 | 4.31 |
| Omega Ratio | 1.38 | 1.61 |
| Calmar Ratio | 1.88 | 4.74 |
| Martin Ratio | 15.21 | 21.63 |
| Ulcer Index | 1.91% | 1.85% |
| Daily Std Dev | 13.51% | 12.25% |
| Max Drawdown | -60.75% | -33.99% |
| Current Drawdown | -0.69% | 0.00% |
Correlation
The correlation between EWC and VOO is 0.74, 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. VOO - Performance Comparison
In the year-to-date period, EWC achieves a 15.22% return, which is significantly lower than VOO's 27.26% return. Over the past 10 years, EWC has underperformed VOO with an annualized return of 5.56%, while VOO has yielded a comparatively higher 13.45% annualized return. 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. VOO - Expense Ratio Comparison
EWC has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EWC vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada ETF (EWC) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
EWC's dividend yield for the trailing twelve months is around 1.99%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
EWC vs. VOO - Drawdown Comparison
The maximum EWC drawdown since its inception was -60.75%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EWC and VOO. For additional features, visit the drawdowns tool.
Volatility
EWC vs. VOO - Volatility Comparison
The current volatility for iShares MSCI Canada ETF (EWC) is 3.32%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that EWC experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.