EWC vs. XIU.TO
Compare and contrast key facts about iShares MSCI Canada ETF (EWC) and iShares S&P/TSX 60 Index ETF (XIU.TO).
EWC and XIU.TO 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. XIU.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 28, 1999. Both EWC and XIU.TO 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 XIU.TO.
Key characteristics
| EWC | XIU.TO | |
|---|---|---|
| YTD Return | 0.71% | 3.96% |
| 1Y Return | 9.36% | 9.26% |
| 3Y Return (Ann) | 3.42% | 7.79% |
| 5Y Return (Ann) | 7.75% | 8.99% |
| 10Y Return (Ann) | 4.11% | 7.65% |
| Sharpe Ratio | 0.51 | 0.71 |
| Daily Std Dev | 14.99% | 11.41% |
| Max Drawdown | -60.75% | -52.32% |
| Current Drawdown | -4.94% | -2.71% |
Correlation
The correlation between EWC and XIU.TO is 0.87, 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. XIU.TO - Performance Comparison
In the year-to-date period, EWC achieves a 0.71% return, which is significantly lower than XIU.TO's 3.96% return. Over the past 10 years, EWC has underperformed XIU.TO with an annualized return of 4.11%, while XIU.TO has yielded a comparatively higher 7.65% 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. XIU.TO - Expense Ratio Comparison
EWC has a 0.49% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.
Risk-Adjusted Performance
EWC vs. XIU.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada ETF (EWC) and iShares S&P/TSX 60 Index ETF (XIU.TO). 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. XIU.TO - Dividend Comparison
EWC's dividend yield for the trailing twelve months is around 2.25%, less than XIU.TO's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWC iShares MSCI Canada ETF | 2.25% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% | 2.15% | 2.37% |
XIU.TO iShares S&P/TSX 60 Index ETF | 3.05% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% | 2.65% | 2.68% |
Drawdowns
EWC vs. XIU.TO - Drawdown Comparison
The maximum EWC drawdown since its inception was -60.75%, which is greater than XIU.TO's maximum drawdown of -52.32%. Use the drawdown chart below to compare losses from any high point for EWC and XIU.TO. For additional features, visit the drawdowns tool.
Volatility
EWC vs. XIU.TO - Volatility Comparison
iShares MSCI Canada ETF (EWC) and iShares S&P/TSX 60 Index ETF (XIU.TO) have volatilities of 3.84% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.