Consolidated Returns as of 31 March 2023
In the last 25 Years, the iShares MSCI Canada ETF (EWC) ETF obtained a 6.51% compound annual return, with a 20.81% standard deviation.
In 2022, the ETF granted a 2.01% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Canada ETF (EWC) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Blend
- Region: North America
- Country: Canada
Historical Returns as of Mar 31, 2023
Historical returns and Metrics of iShares MSCI Canada ETF (EWC) ETF.
- No fees or capital gain taxes
- the reinvestment of dividends
Metrics as of Mar 31, 2023 | |||||||||
---|---|---|---|---|---|---|---|---|---|
1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y |
MAX
(~26Y) |
|
Portfolio Return (%) |
0.38 | 4.43 | 12.74 | -13.12 | 18.56 | 6.72 | 4.06 | 8.46 | 7.15 |
US Inflation (%) | 0.00 | 1.36 | 1.36 | 4.64 | 5.24 | 3.81 | 2.60 | 2.48 | 2.47 |
Infl. Adjusted Return (%) |
0.38 | 3.03 | 11.22 | -16.97 | 12.66 | 2.81 | 1.42 | 5.83 | 4.57 |
Waiting for updates, inflation of Mar 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized. | |||||||||
RISK INDICATORS | |||||||||
Standard Deviation (%) | 22.92 | 19.69 | 20.57 | 17.34 | 20.06 | 20.70 | |||
Sharpe Ratio | -0.68 | 0.90 | 0.27 | 0.19 | 0.36 | 0.15 | |||
Sortino Ratio | -0.99 | 1.24 | 0.35 | 0.26 | 0.49 | 0.20 | |||
MAXIMUM DRAWDOWN | |||||||||
Drawdown Depth (%) | -22.93 | -22.93 | -26.90 | -34.11 | -56.67 | -56.67 | |||
Start (yyyy mm) | 2022 04 | 2022 04 | 2020 01 | 2014 09 | 2007 11 | 2007 11 | |||
Bottom (yyyy mm) | 2022 09 | 2022 09 | 2020 03 | 2016 01 | 2009 02 | 2009 02 | |||
Start to Bottom (# months) | 6 | 6 | 3 | 17 | 16 | 16 | |||
Start to Recovery (# months) in progress |
> 12
|
> 12
|
11
|
63
|
80
|
80
|
|||
ROLLING PERIOD RETURNS - Annualized | |||||||||
Best Return (%) | 74.06 | 37.31 | 33.03 | 16.39 | 9.12 | ||||
Worst Return (%) | -51.74 | -12.18 | -6.44 | -0.32 | 3.96 | ||||
% Positive Periods | 66% | 76% | 87% | 99% | 100% | ||||
MONTHS | |||||||||
Positive | 1 | 2 | 4 | 6 | 23 | 34 | 65 | 141 | 185 |
Negative | 0 | 1 | 2 | 6 | 13 | 26 | 55 | 99 | 130 |
% Positive | 100% | 67% | 67% | 50% | 64% | 57% | 54% | 59% | 59% |
WITHDRAWAL RATES (WR) | |||||||||
Safe WR (%) | 50.23 | 22.19 | 10.38 | 12.38 | 7.89 | ||||
Perpetual WR (%) | 11.24 | 2.73 | 1.40 | 5.51 | 4.37 |
- Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
- Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
- Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
- Rolling Returns: returns over a time frame (best, worst, % of positive returns).
- Pos./Neg. Months: number of months with positive/negative return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
Correlations as of Mar 31, 2023
Monthly correlations of iShares MSCI Canada ETF (EWC) ETF vs the main Asset Classes, over different timeframes.
Correlation measures to what degree the returns of the two assets move in relation to each other.
If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Columns are sortable (click on table header to sort).
Correlation vs EWC | |||||
---|---|---|---|---|---|
|
|||||
Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 1997 |
|
US Total Stock Market VTI |
0.95
|
0.92
|
0.85
|
0.84
|
|
US Large Cap SPY |
0.95
|
0.91
|
0.84
|
0.82
|
|
US Small Cap IJR |
0.92
|
0.90
|
0.80
|
0.78
|
|
US REITs VNQ |
0.89
|
0.85
|
0.62
|
0.57
|
|
US Technology QQQ |
0.86
|
0.78
|
0.69
|
0.69
|
|
Preferred Stocks PFF |
0.80
|
0.79
|
0.66
|
0.47
|
|
EAFE Stocks EFA |
0.95
|
0.91
|
0.83
|
0.83
|
|
World All Countries VT |
0.97
|
0.94
|
0.88
|
0.87
|
|
Emerging Markets EEM |
0.76
|
0.76
|
0.74
|
0.82
|
|
Europe VGK |
0.95
|
0.91
|
0.83
|
0.80
|
|
Pacific VPL |
0.91
|
0.85
|
0.75
|
0.73
|
|
Latin America FLLA |
0.86
|
0.71
|
0.71
|
0.78
|
|
US Total Bond Market BND |
0.79
|
0.39
|
0.29
|
0.12
|
|
Long Term Treasuries TLT |
0.66
|
0.00
|
-0.07
|
-0.18
|
|
US Cash BIL |
0.13
|
-0.23
|
-0.12
|
-0.01
|
|
TIPS TIP |
0.81
|
0.51
|
0.42
|
0.23
|
|
Invest. Grade Bonds LQD |
0.85
|
0.60
|
0.50
|
0.30
|
|
High Yield Bonds HYG |
0.92
|
0.83
|
0.77
|
0.66
|
|
International Bonds BNDX |
0.83
|
0.42
|
0.28
|
0.17
|
|
Emerg. Market Bonds EMB |
0.85
|
0.73
|
0.65
|
0.60
|
|
Gold GLD |
0.45
|
0.23
|
0.22
|
0.28
|
|
Commodities DBC |
0.55
|
0.67
|
0.66
|
0.56
|
Capital Growth as of Mar 31, 2023
Capital growth, returns, stats are calculated assuming a reinvestment of dividends.
If you are interested in getting periodic income, please refer to the iShares MSCI Canada ETF (EWC) ETF: Dividend Yield page.
The Inflation Adjusted Capital now would be 2610.73$, with a net total return of 161.07% (3.91% annualized).
The Inflation Adjusted Capital now would be 3234.26$, with a net total return of 223.43% (4.57% annualized).
Drawdowns
Worst drawdowns since April 1998.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-56.67% | Nov 2007 | Feb 2009 | 16 | Jun 2014 | 64 | 80 |
-47.84% | Sep 2000 | Sep 2002 | 25 | Oct 2004 | 25 | 50 |
-34.11% | Sep 2014 | Jan 2016 | 17 | Nov 2019 | 46 | 63 |
-30.77% | May 1998 | Aug 1998 | 4 | Oct 1999 | 14 | 18 |
-26.90% | Jan 2020 | Mar 2020 | 3 | Nov 2020 | 8 | 11 |
-22.93% | Apr 2022 | Sep 2022 | 6 | in progress | 6 | 12 |
-7.28% | Oct 2005 | Oct 2005 | 1 | Dec 2005 | 2 | 3 |
-6.11% | Apr 2005 | Apr 2005 | 1 | Jun 2005 | 2 | 3 |
-4.59% | Nov 2021 | Nov 2021 | 1 | Mar 2022 | 4 | 5 |
-4.57% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 |
-4.47% | May 2006 | Jun 2006 | 2 | Oct 2006 | 4 | 6 |
-3.56% | Jun 2021 | Sep 2021 | 4 | Oct 2021 | 1 | 5 |
-2.26% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 |
-2.03% | Apr 2000 | Apr 2000 | 1 | Jun 2000 | 2 | 3 |
-0.80% | Jun 2007 | Jun 2007 | 1 | Sep 2007 | 3 | 4 |
-0.78% | Jan 2021 | Jan 2021 | 1 | Feb 2021 | 1 | 2 |
-0.65% | Dec 2006 | Dec 2006 | 1 | Feb 2007 | 2 | 3 |
-0.16% | Jul 2014 | Jul 2014 | 1 | Aug 2014 | 1 | 2 |
Worst drawdowns since January 1997.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-56.67% | Nov 2007 | Feb 2009 | 16 | Jun 2014 | 64 | 80 |
-47.84% | Sep 2000 | Sep 2002 | 25 | Oct 2004 | 25 | 50 |
-34.11% | Sep 2014 | Jan 2016 | 17 | Nov 2019 | 46 | 63 |
-30.77% | May 1998 | Aug 1998 | 4 | Oct 1999 | 14 | 18 |
-26.90% | Jan 2020 | Mar 2020 | 3 | Nov 2020 | 8 | 11 |
-22.93% | Apr 2022 | Sep 2022 | 6 | in progress | 6 | 12 |
-9.24% | Aug 1997 | Nov 1997 | 4 | Feb 1998 | 3 | 7 |
-7.28% | Oct 2005 | Oct 2005 | 1 | Dec 2005 | 2 | 3 |
-6.80% | Feb 1997 | Mar 1997 | 2 | May 1997 | 2 | 4 |
-6.11% | Apr 2005 | Apr 2005 | 1 | Jun 2005 | 2 | 3 |
-4.59% | Nov 2021 | Nov 2021 | 1 | Mar 2022 | 4 | 5 |
-4.57% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 |
-4.47% | May 2006 | Jun 2006 | 2 | Oct 2006 | 4 | 6 |
-3.56% | Jun 2021 | Sep 2021 | 4 | Oct 2021 | 1 | 5 |
-2.26% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 |
-2.03% | Apr 2000 | Apr 2000 | 1 | Jun 2000 | 2 | 3 |
-0.80% | Jun 2007 | Jun 2007 | 1 | Sep 2007 | 3 | 4 |
-0.78% | Jan 2021 | Jan 2021 | 1 | Feb 2021 | 1 | 2 |
-0.65% | Dec 2006 | Dec 2006 | 1 | Feb 2007 | 2 | 3 |
-0.16% | Jul 2014 | Jul 2014 | 1 | Aug 2014 | 1 | 2 |
Rolling Returns ( more details)
iShares MSCI Canada ETF (EWC) ETF: annualized rolling and average returns
Rolling Period |
Return (*) | Negative Periods |
||
---|---|---|---|---|
Average (%) | Best (%) | Worst (%) | ||
1 Year |
9.59 |
74.06 Mar 2009 - Feb 2010 |
-51.74 Mar 2008 - Feb 2009 |
34.21% |
2 Years |
8.51 |
52.33 Sep 1998 - Aug 2000 |
-25.84 Oct 2000 - Sep 2002 |
28.42% |
3 Years |
7.81 |
37.31 Oct 2002 - Sep 2005 |
-12.18 Mar 2006 - Feb 2009 |
23.57% |
5 Years |
7.14 |
33.03 Nov 2002 - Oct 2007 |
-6.44 Mar 2011 - Feb 2016 |
13.28% |
7 Years |
7.34 |
18.28 Oct 2002 - Sep 2009 |
-1.60 Apr 2013 - Mar 2020 |
3.88% |
10 Years |
7.09 |
16.39 Sep 1998 - Aug 2008 |
-0.32 Apr 2010 - Mar 2020 |
1.02% |
15 Years |
6.77 |
10.66 Sep 1998 - Aug 2013 |
1.49 Nov 2007 - Oct 2022 |
0.00% |
20 Years |
7.19 |
9.12 Nov 2001 - Oct 2021 |
3.96 Apr 2000 - Mar 2020 |
0.00% |
If you need a deeper detail about rolling returns, please refer to the iShares MSCI Canada ETF (EWC) ETF: Rolling Returns page.
Seasonality
iShares MSCI Canada ETF (EWC) ETF: in which months is it better to invest?
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
4.05
40% |
-0.76
60% |
-2.03
60% |
2.64
80% |
1.98
80% |
-0.33
40% |
2.44
80% |
-0.31
40% |
-2.71
20% |
0.72
40% |
3.96
80% |
-0.94
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
104.05
|
103.25
|
101.16
|
103.83
|
105.89
|
105.54
|
108.11
|
107.77
|
104.85
|
105.60
|
109.78
|
108.75
|
Best |
12.9 2019 |
5.1 2021 |
5.8 2021 |
11.1 2020 |
6.3 2021 |
5.7 2019 |
5.5 2020 |
5.1 2020 |
2.5 2019 |
7.9 2021 |
14.4 2020 |
4.1 2021 |
Worst |
-0.8 2021 |
-7.0 2020 |
-20.8 2020 |
-7.9 2022 |
-4.3 2019 |
-10.3 2022 |
-0.8 2019 |
-4.6 2022 |
-8.7 2022 |
-7.9 2018 |
-4.6 2021 |
-8.6 2018 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
0.96
40% |
0.13
60% |
-0.24
60% |
2.68
70% |
0.08
50% |
0.02
50% |
2.07
70% |
-0.51
40% |
-1.67
40% |
0.64
40% |
1.98
70% |
-0.64
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
100.96
|
101.09
|
100.85
|
103.56
|
103.64
|
103.66
|
105.81
|
105.27
|
103.52
|
104.18
|
106.25
|
105.56
|
Best |
12.9 2019 |
6.0 2015 |
9.6 2016 |
11.1 2020 |
6.3 2021 |
5.7 2014 |
5.7 2013 |
5.1 2020 |
3.8 2017 |
7.9 2021 |
14.4 2020 |
4.1 2021 |
Worst |
-8.4 2015 |
-7.0 2020 |
-20.8 2020 |
-7.9 2022 |
-4.6 2015 |
-10.3 2022 |
-4.2 2015 |
-5.0 2015 |
-8.7 2022 |
-7.9 2018 |
-4.6 2021 |
-8.6 2018 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.08
56% |
0.52
63% |
0.54
59% |
2.79
77% |
1.54
58% |
-0.05
46% |
1.10
58% |
-0.61
46% |
-0.84
54% |
0.54
54% |
1.22
65% |
1.30
69% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.08
|
101.61
|
102.16
|
105.01
|
106.62
|
106.57
|
107.75
|
107.10
|
106.20
|
106.77
|
108.07
|
109.47
|
Best |
12.9 2019 |
9.5 1998 |
9.6 2016 |
13.9 2009 |
23.3 2009 |
10.0 2000 |
13.0 2009 |
8.2 2000 |
9.5 2007 |
10.8 2011 |
14.4 2020 |
9.6 1999 |
Worst |
-8.4 2015 |
-15.8 2001 |
-20.8 2020 |
-8.4 2004 |
-10.7 2012 |
-10.3 2022 |
-12.8 2002 |
-22.5 1998 |
-14.7 2011 |
-27.2 2008 |
-11.6 2007 |
-8.6 2018 |
Monthly/Yearly Returns
iShares MSCI Canada ETF (EWC) ETF data source starts from January 1997: let's focus on monthly and yearly returns.
- Histogram: it shows the distribution of the returns recorded so far
- Plain Table: it shows the detailed monthly and yearly returns
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2023 |
+4.43 | +3.03 | 9.5 | -5.0 | 0.4 | |||||||||
2022 |
-12.95 | -18.23 | -0.6 | 0.1 | 5.2 | -7.9 | 2.1 | -10.3 | 4.8 | -4.6 | -8.7 | 7.4 | 6.5 | -5.6 |
2021 |
+27.00 | +18.65 | -0.8 | 5.1 | 5.8 | 4.6 | 6.3 | -1.0 | 0.2 | 0.0 | -2.8 | 7.9 | -4.6 | 4.1 |
2020 |
+5.52 | +4.10 | -0.7 | -7.0 | -20.8 | 11.1 | 3.5 | 4.0 | 5.5 | 5.1 | -4.5 | -3.4 | 14.4 | 3.1 |
2019 |
+27.56 | +24.71 | 12.9 | 3.0 | -0.8 | 3.3 | -4.3 | 5.7 | -0.8 | -0.7 | 2.5 | -0.4 | 3.0 | 2.2 |
2018 |
-17.16 | -18.71 | 0.8 | -7.0 | -0.8 | 2.1 | 2.2 | 0.0 | 2.5 | -1.4 | -0.1 | -7.9 | 0.5 | -8.6 |
2017 |
+15.74 | +13.35 | 3.9 | -1.8 | 0.7 | -2.3 | -0.4 | 3.1 | 4.3 | -0.1 | 3.8 | -0.5 | 0.5 | 3.7 |
2016 |
+23.82 | +21.30 | -2.7 | 3.4 | 9.6 | 7.1 | -3.6 | 0.9 | 3.0 | 0.3 | 1.5 | -1.3 | 2.6 | 1.5 |
2015 |
-23.91 | -24.46 | -8.4 | 6.0 | -3.0 | 7.1 | -4.6 | -3.3 | -4.2 | -5.0 | -5.2 | 3.5 | -2.2 | -6.4 |
2014 |
+1.08 | +0.33 | -4.2 | 4.5 | 1.3 | 3.4 | 0.5 | 5.7 | -0.2 | 2.2 | -6.6 | -2.5 | 0.1 | -2.3 |
2013 |
+5.30 | +3.74 | 1.7 | -2.3 | 1.0 | -1.7 | -1.0 | -4.6 | 5.7 | -0.9 | 3.4 | 3.7 | -0.9 | 1.6 |
2012 |
+9.12 | +7.25 | 5.7 | 3.2 | -2.3 | 0.1 | -10.7 | 2.9 | 1.7 | 4.6 | 3.6 | 0.0 | -1.3 | 2.4 |
2011 |
-12.43 | -14.95 | 0.9 | 7.6 | -0.2 | 0.3 | -2.4 | -3.1 | -2.3 | -3.4 | -14.7 | 10.8 | -2.8 | -1.8 |
2010 |
+19.78 | +18.01 | -7.2 | 6.0 | 7.7 | 1.1 | -7.3 | -4.3 | 7.2 | -2.1 | 7.4 | 3.2 | 1.4 | 6.8 |
2009 |
+53.13 | +49.08 | -4.2 | -9.6 | 9.1 | 13.9 | 23.3 | -6.9 | 13.0 | -1.7 | 7.1 | -6.4 | 8.6 | 2.6 |
2008 |
-44.45 | -44.50 | -5.7 | 5.7 | -5.3 | 7.1 | 7.9 | -5.0 | -5.5 | -3.1 | -13.3 | -27.2 | -10.8 | 3.9 |
2007 |
+28.39 | +23.36 | 0.1 | 0.6 | 2.6 | 6.1 | 8.5 | -0.8 | 0.0 | 0.1 | 9.5 | 10.2 | -11.6 | 1.9 |
2006 |
+16.91 | +14.02 | 9.0 | -2.3 | 1.2 | 5.2 | -2.3 | -2.3 | 0.1 | 4.1 | -3.0 | 4.8 | 2.5 | -0.6 |
2005 |
+27.53 | +23.31 | -4.6 | 6.7 | 1.4 | -6.1 | 2.7 | 5.4 | 5.8 | 6.2 | 5.7 | -7.3 | 5.3 | 4.7 |
2004 |
+22.77 | +18.90 | 0.4 | 2.7 | -0.7 | -8.4 | 1.7 | 5.7 | -0.1 | -0.6 | 8.3 | 6.4 | 5.0 | 1.3 |
2003 |
+53.51 | +50.68 | 4.2 | 1.6 | -2.4 | 7.6 | 9.5 | 2.6 | -1.2 | 5.7 | 0.7 | 6.5 | 4.2 | 5.2 |
2002 |
-10.84 | -12.91 | -0.2 | 0.9 | 3.4 | 0.7 | 1.5 | -6.1 | -12.8 | 4.8 | -11.3 | 5.8 | 5.8 | -1.7 |
2001 |
-19.98 | -21.21 | 5.4 | -15.8 | -8.6 | 8.8 | 3.4 | -5.7 | -1.2 | -5.1 | -9.9 | -0.3 | 10.2 | 0.3 |
2000 |
+8.16 | +4.62 | 1.1 | 4.1 | 6.1 | -2.0 | 0.3 | 10.0 | 2.8 | 8.2 | -5.1 | -7.8 | -11.3 | 3.8 |
1999 |
+48.64 | +44.75 | 8.6 | -5.0 | 4.2 | 10.1 | -4.1 | 7.1 | -0.9 | 0.4 | 0.0 | 5.6 | 6.2 | 9.6 |
1998 |
-7.86 | -9.32 | -0.9 | 9.5 | 5.6 | 0.0 | -1.6 | -2.1 | -7.2 | -22.5 | 4.4 | 9.0 | 3.3 | -1.1 |
1997 |
+10.60 | +8.75 | 5.1 | -1.0 | -5.9 | 1.6 | 8.7 | 0.9 | 8.4 | -6.2 | 5.6 | -5.7 | -2.8 | 3.0 |