EWC vs FESM
Comparison between ISHARES MSCI CANADA ETF (EWC, ETF) and FIDELITY ENHANCED SMALL CAP ETF (FESM, ETF).
EWC vs FESM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EWC
$6B
FESM
$6B
Expense Ratio
EWC
0.50%
Winner
FESM
0.28%
Max Drawdown
EWC
62.71%
Winner
FESM
27.67%
Sharpe Ratio
EWC
1.66
Winner
FESM
1.92
5Y Beta
Winner
EWC
0.68
FESM
1.09
P/E Ratio
EWC
N/A
FESM
152.45
Forward P/E
EWC
N/A
FESM
14.55
5Y Dividends CAGR
EWC
3.80%
FESM
N/A
5Y EPS CAGR
EWC
N/A
FESM
7.06%
Debt to Equity
EWC
N/A
FESM
104.00%
P/S Ratio
EWC
N/A
FESM
1.49
P/B Ratio
EWC
N/A
FESM
1.69
EWC vs FESM - Holdings Comparison
EWC and FESM have 1 common holdings. Overlap is -0.02%
EWC's top 25 holdings weight is 71.53%. FESM's top 25 holdings weight is 18.52%.
| Rank | EWC | FESM |
|---|---|---|
| #1 | ROYAL BANK OF CANADA (n/a) - 9.77% | n/a (n/a) - 3.83% |
| #2 | THE TORONTO-DOMINION BANK (n/a) - 6.65% | FIDELITY CASH CENTRAL FUND (n/a) - 1.20% |
| #3 | n/a (SHOP) - 5.04% | COMMERCIAL METALS CO (CMC) - 0.80% |
| #4 | BANK OF MONTREAL (n/a) - 4.07% | HEALTHEQUITY INC (HQY) - 0.72% |
| #5 | ENBRIDGE INC (n/a) - 3.99% | PLEXUS CORP (PLXS) - 0.72% |
| #6 | BANK OF NOVA SCOTIA (n/a) - 3.59% | OSCAR HEALTH INC CLASS A (OSCR) - 0.68% |
| #7 | CANADIAN IMPERIAL BANK OF COMMERCE (n/a) - 3.56% | INSTALLED BUILDING PRODUCTS INC (IBP) - 0.68% |
| #8 | CANADIAN NATURAL RESOURCES LTD (n/a) - 2.91% | TENABLE HOLDINGS INC (TENB) - 0.65% |
| #9 | n/a (n/a) - 2.85% | OPTION CARE HEALTH INC (OPCH) - 0.65% |
| #10 | CANADIAN PACIFIC KANSAS CITY LTD (CP) - 2.66% | GRIFFON CORP (GFF) - 0.64% |
| #11 | AGNICO EAGLE MINES LTD (n/a) - 2.40% | n/a (PECO) - 0.64% |
| #12 | SUNCOR ENERGY INC (SU) - 2.37% | TUTOR PERINI CORP (TPC) - 0.62% |
| #13 | TC ENERGY CORP (TRP) - 2.33% | ENERSYS (ENS) - 0.62% |
| #14 | MANULIFE FINANCIAL CORP (MFC) - 2.29% | WESBANCO INC (WSBC) - 0.61% |
| #15 | CANADIAN NATIONAL RAILWAY CO (n/a) - 2.11% | BALCHEM CORP (BCPC) - 0.61% |
| #16 | NATIONAL BANK OF CANADA (n/a) - 2.07% | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.60% |
| #17 | BARRICK MINING CORP (n/a) - 2.00% | SKYWEST INC (SKYW) - 0.60% |
| #18 | WHEATON PRECIOUS METALS CORP (WPM) - 1.61% | ACI WORLDWIDE INC (ACIW) - 0.59% |
| #19 | ALIMENTATION COUCHE-TARD INC (n/a) - 1.45% | OUTFRONT MEDIA INC (OUT) - 0.59% |
| #20 | SUN LIFE FINANCIAL INC (SLF) - 1.44% | KODIAK GAS SERVICES INC (KGS) - 0.58% |
| #21 | CAMECO CORP (n/a) - 1.30% | DXP ENTERPRISES INC (DXPE) - 0.38% |
| #22 | n/a (CLS) - 1.30% | NMI HOLDINGS INC (NMIH) - 0.38% |
| #23 | FRANCO-NEVADA CORP (FNV) - 1.28% | n/a (HRMY) - 0.38% |
| #24 | CONSTELLATION SOFTWARE INC (n/a) - 1.27% | JOHN WILEY & SONS INC CLASS A (WLY) - 0.38% |
| #25 | INTACT FINANCIAL CORP (n/a) - 1.22% | SHAKE SHACK INC CLASS A (SHAK) - 0.37% |
| Total Holdings | 88 | 814 |
EWC vs FESM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EWC
+5.04%
FESM
+2.01%
3M
EWC
+6.51%
Winner
FESM
+9.44%
6M
EWC
+11.96%
Winner
FESM
+20.25%
1Y
EWC
+31.26%
Winner
FESM
+47.36%
5Y(CAGR)
EWC
+12.59%
FESM
N/A
10Y(CAGR)
EWC
+11.54%
FESM
N/A
Max(CAGR)
EWC
+8.51%
Winner
FESM
+28.52%
EWC vs FESM - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWC | FESM |
|---|---|---|
| 2026 | +13.65% | +27.58% |
| 2025 | +35.76% | +17.52% |
| 2024 | +13.57% | +17.18% |
| 2023 | +15.42% | +12.19% |
| 2022 | -13.26% | N/A |
| 2021 | +26.59% | N/A |
| 2020 | +5.20% | N/A |
| 2019 | +26.40% | N/A |
| 2018 | -17.90% | N/A |
| 2017 | +15.08% | N/A |
| 2016 | +25.63% | N/A |
| 2015 | -23.46% | N/A |
| 2014 | +1.78% | N/A |
| 2013 | +3.58% | N/A |
| 2012 | +5.93% | N/A |
| 2011 | -13.13% | N/A |
| 2010 | +17.16% | N/A |
| 2009 | +49.27% | N/A |
| 2008 | -44.93% | N/A |
| 2007 | +31.35% | N/A |
| 2006 | +14.05% | N/A |
| 2005 | +28.83% | N/A |
| 2004 | +20.40% | N/A |
| 2003 | +49.22% | N/A |
| 2002 | -11.68% | N/A |
| 2001 | -18.05% | N/A |
| 2000 | +7.41% | N/A |
| 1999 | +14.77% | N/A |
EWC vs FESM Drawdown Comparison
The maximum drawdown for EWC was -60.77%, occurring on Mar 9, 2009. Recovery took 859 trading sessions.
The maximum drawdown for FESM was -26.93%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The current FESM drawdown is -0.25%.
| Rank | EWC | FESM |
|---|---|---|
| #1 | -60.77% Nov 6, 2007 - Apr 5, 2011 | -26.93% Dec 2, 2024 - Aug 27, 2025 |
| #2 | -51.69% Sep 5, 2000 - Nov 3, 2004 | -10.18% Jan 22, 2026 - Apr 14, 2026 |
| #3 | -42.66% Feb 19, 2020 - Nov 27, 2020 | -9.60% Jul 31, 2024 - Sep 19, 2024 |
| #4 | -41.39% Sep 3, 2014 - Nov 15, 2019 | -8.39% Mar 28, 2024 - Jul 11, 2024 |
| #5 | -28.48% Apr 8, 2011 - Jun 23, 2014 | -7.57% Oct 27, 2025 - Nov 28, 2025 |
| #6 | -24.80% Mar 30, 2022 - Jul 12, 2024 | -6.28% Dec 27, 2023 - Feb 12, 2024 |
| #7 | -14.51% Jul 19, 2007 - Sep 25, 2007 | -5.09% Nov 11, 2024 - Nov 25, 2024 |
| #8 | -13.07% May 10, 2006 - Nov 22, 2006 | -4.72% May 6, 2026 - May 26, 2026 |
| #9 | -12.96% Dec 5, 2024 - May 2, 2025 | -4.08% Oct 8, 2025 - Oct 15, 2025 |
| #10 | -11.44% Mar 24, 2000 - Jun 2, 2000 | -3.96% Jun 30, 2026 - Aug 4, 2026 |
| #11 | -9.99% Mar 8, 2005 - Jun 28, 2005 | -3.63% Feb 12, 2024 - Feb 15, 2024 |
| #12 | -9.95% Oct 3, 2005 - Dec 6, 2005 | -3.59% Feb 15, 2024 - Mar 1, 2024 |
| #13 | -8.51% Mar 2, 2026 - Apr 17, 2026 | -3.59% Dec 11, 2025 - Jan 6, 2026 |
| #14 | -8.15% Nov 12, 2021 - Mar 17, 2022 | -3.58% Oct 16, 2024 - Nov 6, 2024 |
| #15 | -6.98% Jul 25, 2000 - Aug 16, 2000 | -3.56% Jul 16, 2024 - Jul 26, 2024 |
Correlation
Correlation between EWC and FESM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
EWC vs FESM dividend yield comparison.
| Year | EWC | FESM |
|---|---|---|
| 2026 | 0.45% | 0.42% |
| 2025 | 1.45% | 0.82% |
| 2024 | 2.23% | 1.08% |
| 2023 | 2.27% | 0.06% |
| 2022 | 2.34% | 0.00% |
| 2021 | 1.85% | 0.00% |
| 2020 | 2.09% | 0.00% |
| 2019 | 2.16% | 0.00% |
| 2018 | 2.65% | 0.00% |
| 2017 | 1.97% | 0.00% |
| 2016 | 1.75% | 0.00% |
| 2015 | 2.34% | 0.00% |
| 2014 | 2.15% | 0.00% |
| 2013 | 2.37% | 0.00% |
| 2012 | 2.09% | 0.00% |
| 2011 | 2.10% | 0.00% |
| 2010 | 1.61% | 0.00% |
| 2009 | 1.25% | 0.00% |
| 2008 | 2.55% | 0.00% |
| 2007 | 1.21% | 0.00% |
| 2006 | 1.12% | 0.00% |
| 2005 | 0.68% | 0.00% |
| 2004 | 1.15% | 0.00% |
| 2003 | 1.41% | 0.00% |
| 2002 | 0.31% | 0.00% |
| 2001 | 0.80% | 0.00% |
| 2000 | 39.98% | 0.00% |
| 1999 | 0.02% | 0.00% |
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