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EWC vs. VTI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWC vs. VTI

Last updated Jun 4, 2026

EWC (iShares MSCI Canada ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - EWC is a Canada Equities fund tracking the MSCI Canada Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, EWC returned 11.19%/yr vs 15.05%/yr for VTI. A 0.69 correlation means they provide meaningful diversification when combined. EWC charges 0.49%/yr vs 0.03%/yr for VTI.

Performance

EWC vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Canada ETF (EWC) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWC achieves a 8.73% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, EWC has underperformed VTI with an annualized return of 11.19%, while VTI has yielded a comparatively higher 15.05% annualized return.

EWC

1D
-1.38%
1M
1.30%
YTD
8.73%
6M
12.75%
1Y
31.36%
3Y*
21.89%
5Y*
11.19%
10Y*
11.19%

VTI

1D
-0.72%
1M
4.99%
YTD
11.20%
6M
11.09%
1Y
28.18%
3Y*
22.07%
5Y*
12.69%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWC vs. VTI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWC
iShares MSCI Canada ETF		8.73%35.92%12.38%14.73%-12.95%26.98%5.52%27.58%-17.16%15.73%
VTI
Vanguard Total Stock Market ETF		11.20%17.10%23.81%26.05%-19.52%25.68%21.08%30.67%-5.23%21.21%

Correlation

The correlation between EWC and VTI is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Jun 1, 2001

0.69

The correlation between EWC and VTI has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

EWC vs. VTI - Sectors Allocation Comparison

Sectors
EWC
VTI

Financial Services

38.1%
12.0%

Energy

19.1%
3.7%

Basic Materials

14.8%
2.0%

Industrials

9.4%
9.8%

Technology

8.4%
33.5%

Consumer Cyclical

3.8%
10.0%

Consumer Defensive

3.3%
4.7%

Utilities

2.3%
2.3%

Communication Services

0.7%
10.3%

Real Estate

0.2%
2.4%

Healthcare

-

9.2%

Financial Services

EWC
38.1%
VTI
12.0%

Energy

EWC
19.1%
VTI
3.7%

Basic Materials

EWC
14.8%
VTI
2.0%

Industrials

EWC
9.4%
VTI
9.8%

Technology

EWC
8.4%
VTI
33.5%

Consumer Cyclical

EWC
3.8%
VTI
10.0%

Consumer Defensive

EWC
3.3%
VTI
4.7%

Utilities

EWC
2.3%
VTI
2.3%

Communication Services

EWC
0.7%
VTI
10.3%

Real Estate

EWC
0.2%
VTI
2.4%

Healthcare

EWC

-

VTI
9.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Canada ETF

Vanguard Total Stock Market ETF

Often compared with EWC:
EWC vs. EWAEWC vs. XIU.TOEWC vs. FLCAEWC vs. BBCAEWC vs. SPYEWC vs. VOOEWC vs. EWD
Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ

Return for Risk

EWC vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWC
EWC Risk / Return Rank: 6868
Overall Rank
EWC Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
EWC Sortino Ratio Rank: 6262
Sortino Ratio Rank
EWC Omega Ratio Rank: 6262
Omega Ratio Rank
EWC Calmar Ratio Rank: 7373
Calmar Ratio Rank
EWC Martin Ratio Rank: 7878
Martin Ratio Rank
VTI
VTI Risk / Return Rank: 6868
Overall Rank
VTI Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 6868
Sortino Ratio Rank
VTI Omega Ratio Rank: 6767
Omega Ratio Rank
VTI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VTI Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EWC vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada ETF (EWC) and Vanguard Total Stock Market ETF (VTI). 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.

EWCVTIDifference
Sharpe ratioReturn per unit of total volatility
2.24
2.33

-0.08

Sortino ratioReturn per unit of downside risk
2.95
3.18

-0.23

Omega ratioGain probability vs. loss probability

1.39

1.42

-0.03

Calmar ratioReturn relative to maximum drawdown

3.70

3.17

+0.53

Martin ratioReturn relative to average drawdown

15.25

14.62

+0.63

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWC vs. VTI - Sharpe Ratio Comparison

The current EWC Sharpe Ratio is 2.24, which is comparable to the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of EWC and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EWCVTIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

2.33

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.73

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.82

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.51

-0.10

Drawdowns

EWC vs. VTI - Drawdown Comparison

The maximum EWC drawdown since its inception was -60.75%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for EWC and VTI.

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Drawdown Indicators

EWCVTIDifference

Max Drawdown

Largest peak-to-trough decline

-60.75%

-55.45%

-5.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-8.92%

+0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-12.97%

-19.30%

+6.33%

Max Drawdown (5Y)

Largest decline over 5 years

-24.81%

-25.36%

+0.55%

Max Drawdown (10Y)

Largest decline over 10 years

-42.66%

-35.00%

-7.66%

Current Drawdown

Current decline from peak

-1.38%

-0.72%

-0.66%

Average Drawdown

Average peak-to-trough decline

-13.14%

-8.03%

-5.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.93%

+0.13%

Volatility

EWC vs. VTI - Volatility Comparison

iShares MSCI Canada ETF (EWC) has a higher volatility of 3.46% compared to Vanguard Total Stock Market ETF (VTI) at 2.96%. This indicates that EWC's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWCVTIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

2.96%

+0.50%

Volatility (6M)

Calculated over the trailing 6-month period

11.03%

9.13%

+1.90%

Volatility (1Y)

Calculated over the trailing 1-year period

14.04%

12.17%

+1.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.25%

17.40%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.74%

18.30%

+0.44%

EWC vs. VTI - Expense Ratio Comparison

EWC has a 0.49% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

EWC vs. VTI - Dividend Comparison

EWC's dividend yield for the trailing twelve months is around 1.33%, more than VTI's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
EWC
iShares MSCI Canada ETF		1.33%1.45%2.23%2.27%2.34%1.85%2.09%2.16%2.65%1.97%1.75%2.34%
VTI
Vanguard Total Stock Market ETF		1.01%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

EWC and VTI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWC has higher volatility (3.46%) compared to VTI (2.96%). In terms of maximum drawdown, EWC dropped -60.75% vs VTI's -55.45%.

On 10-year performance, VTI leads with 15.05% vs 11.19% for EWC. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTI has performed better with a 15.05% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTI is cheaper with a 0.03% expense ratio, compared with 0.49% for EWC.

EWC has the higher dividend yield at 1.33%, compared with 1.01% for VTI.

EWC is categorized as Canada Equities, while VTI is Large Cap Blend Equities. EWC tracks MSCI Canada Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.49% for EWC and 0.03% for VTI.

VTI currently has the higher Sharpe Ratio (2.33 vs 2.24), 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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