XAR vs EWC
Comparison between STATE STREET(R) SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF (XAR, ETF) and ISHARES MSCI CANADA ETF (EWC, ETF).
5-Year PerformanceXAR has outperformed EWC, delivering a return of +18.5% compared to +12.6%
XAR vs EWC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XAR
$6B
EWC
$6B
Expense Ratio
Winner
XAR
0.35%
EWC
0.50%
Max Drawdown
Winner
XAR
46.72%
EWC
62.71%
Sharpe Ratio
XAR
0.99
Winner
EWC
1.66
5Y Beta
XAR
1.11
Winner
EWC
0.68
P/E Ratio
XAR
1866.44
EWC
N/A
Forward P/E
XAR
32.08
EWC
N/A
5Y Dividends CAGR
XAR
-2.20%
Winner
EWC
3.80%
5Y EPS CAGR
XAR
7.55%
EWC
N/A
Debt to Equity
XAR
74.34%
EWC
N/A
P/S Ratio
XAR
3.37
EWC
N/A
P/B Ratio
XAR
4.65
EWC
N/A
XAR vs EWC - Holdings Comparison
XAR and EWC have 1 common holdings. Overlap is -0.02%
XAR's top 25 holdings weight is 72.75%. EWC's top 25 holdings weight is 71.53%.
| Rank | XAR | EWC |
|---|---|---|
| #1 | AXON ENTERPRISE INC (AXON) - 3.32% | ROYAL BANK OF CANADA (n/a) - 9.77% |
| #2 | HEXCEL CORP (HXL) - 3.25% | THE TORONTO-DOMINION BANK (n/a) - 6.65% |
| #3 | VSE CORP (VSEC) - 3.17% | n/a (SHOP) - 5.04% |
| #4 | RTX CORP (RTX) - 3.09% | BANK OF MONTREAL (n/a) - 4.07% |
| #5 | HOWMET AEROSPACE INC (HWM) - 3.07% | ENBRIDGE INC (n/a) - 3.99% |
| #6 | GENERAL DYNAMICS CORP (GD) - 3.06% | BANK OF NOVA SCOTIA (n/a) - 3.59% |
| #7 | STANDARDAERO INC (SARO) - 3.03% | CANADIAN IMPERIAL BANK OF COMMERCE (n/a) - 3.56% |
| #8 | GE AEROSPACE (GE) - 3.02% | CANADIAN NATURAL RESOURCES LTD (n/a) - 2.91% |
| #9 | WOODWARD INC (WWD) - 3.00% | n/a (n/a) - 2.85% |
| #10 | HEICO CORP (HEI) - 2.99% | CANADIAN PACIFIC KANSAS CITY LTD (CP) - 2.66% |
| #11 | CARPENTER TECHNOLOGY CORP (CRS) - 2.99% | AGNICO EAGLE MINES LTD (n/a) - 2.40% |
| #12 | ARCHER AVIATION INC CLASS A (ACHR) - 2.96% | SUNCOR ENERGY INC (SU) - 2.37% |
| #13 | MOOG INC CLASS A (MOG-A) - 2.92% | TC ENERGY CORP (TRP) - 2.33% |
| #14 | ATI INC (ATI) - 2.86% | MANULIFE FINANCIAL CORP (MFC) - 2.29% |
| #15 | BOEING CO (BA) - 2.83% | CANADIAN NATIONAL RAILWAY CO (n/a) - 2.11% |
| #16 | TRANSDIGM GROUP INC (TDG) - 2.80% | NATIONAL BANK OF CANADA (n/a) - 2.07% |
| #17 | TEXTRON INC (TXT) - 2.80% | BARRICK MINING CORP (n/a) - 2.00% |
| #18 | CURTISS-WRIGHT CORP (CW) - 2.78% | WHEATON PRECIOUS METALS CORP (WPM) - 1.61% |
| #19 | KARMAN HOLDINGS INC (KRMN) - 2.76% | ALIMENTATION COUCHE-TARD INC (n/a) - 1.45% |
| #20 | AAR CORP (AIR) - 2.74% | SUN LIFE FINANCIAL INC (SLF) - 1.44% |
| #21 | LOCKHEED MARTIN CORP (LMT) - 2.74% | CAMECO CORP (n/a) - 1.30% |
| #22 | NORTHROP GRUMMAN CORP (NOC) - 2.72% | n/a (CLS) - 1.30% |
| #23 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.63% | FRANCO-NEVADA CORP (FNV) - 1.28% |
| #24 | BWX TECHNOLOGIES INC (BWXT) - 2.61% | CONSTELLATION SOFTWARE INC (n/a) - 1.27% |
| #25 | L3HARRIS TECHNOLOGIES INC (LHX) - 2.61% | INTACT FINANCIAL CORP (n/a) - 1.22% |
| Total Holdings | 48 | 88 |
XAR vs EWC - Historical Returns
Returns include dividend reinvestment.
1M
XAR
+2.68%
Winner
EWC
+5.04%
3M
Winner
XAR
+9.18%
EWC
+6.51%
6M
XAR
+5.43%
Winner
EWC
+11.96%
1Y
Winner
XAR
+33.66%
EWC
+31.26%
5Y(CAGR)
Winner
XAR
+18.53%
EWC
+12.59%
10Y(CAGR)
Winner
XAR
+18.17%
EWC
+11.54%
Max(CAGR)
Winner
XAR
+19.04%
EWC
+8.51%
XAR vs EWC - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XAR | EWC |
|---|---|---|
| 2026 | +14.62% | +13.65% |
| 2025 | +46.54% | +35.76% |
| 2024 | +25.05% | +13.57% |
| 2023 | +23.93% | +15.42% |
| 2022 | -5.79% | -13.26% |
| 2021 | +6.62% | +26.59% |
| 2020 | +3.64% | +5.20% |
| 2019 | +38.67% | +26.40% |
| 2018 | -4.76% | -17.90% |
| 2017 | +31.17% | +15.08% |
| 2016 | +22.76% | +25.63% |
| 2015 | +0.03% | -23.46% |
| 2014 | +12.84% | +1.78% |
| 2013 | +55.35% | +3.58% |
| 2012 | +13.14% | +5.93% |
| 2011 | +11.59% | -13.13% |
| 2010 | N/A | +17.16% |
| 2009 | N/A | +49.27% |
| 2008 | N/A | -44.93% |
| 2007 | N/A | +31.35% |
| 2006 | N/A | +14.05% |
| 2005 | N/A | +28.83% |
| 2004 | N/A | +20.40% |
| 2003 | N/A | +49.22% |
| 2002 | N/A | -11.68% |
| 2001 | N/A | -18.05% |
| 2000 | N/A | +7.41% |
| 1999 | N/A | +14.77% |
XAR vs EWC Drawdown Comparison
The maximum drawdown for XAR was -46.36%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The maximum drawdown for EWC was -60.77%, occurring on Mar 9, 2009. Recovery took 859 trading sessions.
The current XAR drawdown is -1.96%.
| Rank | XAR | EWC |
|---|---|---|
| #1 | -46.36% Feb 12, 2020 - Jan 14, 2021 | -60.77% Nov 6, 2007 - Apr 5, 2011 |
| #2 | -32.40% Jun 25, 2021 - Dec 19, 2023 | -51.69% Sep 5, 2000 - Nov 3, 2004 |
| #3 | -25.92% Sep 18, 2018 - Jun 5, 2019 | -42.66% Feb 19, 2020 - Nov 27, 2020 |
| #4 | -22.11% Apr 10, 2015 - Aug 5, 2016 | -41.39% Sep 3, 2014 - Nov 15, 2019 |
| #5 | -19.73% Jan 23, 2025 - May 13, 2025 | -28.48% Apr 8, 2011 - Jun 23, 2014 |
| #6 | -17.22% Jan 16, 2026 - Mar 30, 2026 | -24.80% Mar 30, 2022 - Jul 12, 2024 |
| #7 | -12.93% Oct 27, 2025 - Jan 5, 2026 | -14.51% Jul 19, 2007 - Sep 25, 2007 |
| #8 | -11.31% Mar 16, 2012 - Oct 5, 2012 | -13.07% May 10, 2006 - Nov 22, 2006 |
| #9 | -11.05% Mar 4, 2014 - Nov 18, 2014 | -12.96% Dec 5, 2024 - May 2, 2025 |
| #10 | -8.85% Apr 19, 2018 - Jun 8, 2018 | -11.44% Mar 24, 2000 - Jun 2, 2000 |
| #11 | -8.75% Jan 29, 2018 - Mar 9, 2018 | -9.99% Mar 8, 2005 - Jun 28, 2005 |
| #12 | -8.49% Oct 27, 2011 - Dec 23, 2011 | -9.95% Oct 3, 2005 - Dec 6, 2005 |
| #13 | -8.07% Sep 17, 2019 - Nov 15, 2019 | -8.51% Mar 2, 2026 - Apr 17, 2026 |
| #14 | -8.03% Nov 29, 2024 - Jan 21, 2025 | -8.15% Nov 12, 2021 - Mar 17, 2022 |
| #15 | -7.50% Jan 20, 2021 - Feb 4, 2021 | -6.98% Jul 25, 2000 - Aug 16, 2000 |
Correlation
Correlation between XAR and EWC is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
XAR vs EWC dividend yield comparison.
| Year | XAR | EWC |
|---|---|---|
| 2026 | 0.06% | 0.45% |
| 2025 | 0.40% | 1.45% |
| 2024 | 0.66% | 2.23% |
| 2023 | 0.54% | 2.27% |
| 2022 | 0.50% | 2.34% |
| 2021 | 0.83% | 1.85% |
| 2020 | 0.63% | 2.09% |
| 2019 | 0.75% | 2.16% |
| 2018 | 1.19% | 2.65% |
| 2017 | 0.76% | 1.97% |
| 2016 | 1.09% | 1.75% |
| 2015 | 2.31% | 2.34% |
| 2014 | 1.07% | 2.15% |
| 2013 | 1.96% | 2.37% |
| 2012 | 1.75% | 2.09% |
| 2011 | 0.28% | 2.10% |
| 2010 | 0.00% | 1.61% |
| 2009 | 0.00% | 1.25% |
| 2008 | 0.00% | 2.55% |
| 2007 | 0.00% | 1.21% |
| 2006 | 0.00% | 1.12% |
| 2005 | 0.00% | 0.68% |
| 2004 | 0.00% | 1.15% |
| 2003 | 0.00% | 1.41% |
| 2002 | 0.00% | 0.31% |
| 2001 | 0.00% | 0.80% |
| 2000 | 0.00% | 39.98% |
| 1999 | 0.00% | 0.02% |
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