EWC vs IVV
iShares MSCI Canada ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EWC delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EWC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $6.6B | $907.0B | |
| Dividend Yield | 1.26% | 1.10% | |
| Holdings | 89 | 508 | |
| YTD Return | +14.17% | +12.96% | |
| 1Y Return | +31.83% | +20.70% | |
| 3Y Return (annualized) | +24.66% | +22.10% | |
| 5Y Return (annualized) | +13.05% | +13.40% | |
| Volatility (annualized) | 20.4% | 15.1% | |
| Max Drawdown | -62.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | May 15, 2000 |
EWC vs IVV Performance
iShares MSCI Canada ETF (EWC) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EWC returned +31.83% while IVV returned +20.70%. Year to date, EWC is up 14.17% versus a gain of 12.96% for IVV.
Over three years, EWC compounded at +24.66% per year against +22.10% for IVV; over five years the annualized figures are +13.05% and +13.40% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +6.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWC has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.7% for EWC and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWC charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, EWC currently yields 1.26% against 1.10% for IVV.
Holdings Overlap
EWC and IVV share 1 holdings out of 588 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EWC | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.08% | 0.15% | 0.07% |
Frequently Asked Questions
Which is cheaper, EWC or IVV?
EWC has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, EWC or IVV?
Over the past year EWC returned +31.83% vs +20.70% for IVV, so EWC leads on 1-year performance. Over the longest common window we track (26 years), EWC annualized +6.39% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, EWC or IVV?
EWC has been the more volatile fund at 20.4% annualized versus 15.1% for IVV. Worst drawdown: EWC -62.7% vs IVV -56.5%.
Should I hold both EWC and IVV?
EWC and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWC and IVV?
EWC and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 588 unique securities.
Which pays a higher dividend, EWC or IVV?
EWC yields 1.26% while IVV yields 1.10%, so EWC currently pays the higher dividend yield.
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