EWC vs SIL overlap - what they share and where they differ

EWC and SIL share 2.8% of their weight across 2 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

EWC and SIL

2.8%

2 shared positions

EWC

iShares MSCI Canada ETF

Reported positions cover 100% of the fund, 83 positions · May 31, 2026

Top 10: 43.0%·Holdings of EWC

SIL

Global X Silver Miners ETF

Reported positions cover 100% of the fund, 38 positions · Apr 30, 2026

Top 10: 75.1%·Holdings of SIL

Reported positions cover EWC 100%, SIL 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

SIL vs EWC side by side

EWCiShares MSCI Canada ETF

83

stock positions reported to the SEC

96.9% of its weight is in 81 names SIL does not hold

SILGlobal X Silver Miners ETF

38

stock positions reported to the SEC

65.1% of its weight is in 36 names EWC does not hold

Where each fund's weight sits

EWC
SIL
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Basic Materials
15.8%
68.2%
Financial Services
27.9%
0.2%
Industrials
8.0%
0.0%
Technology
7.7%
0.0%
Energy
7.4%
0.0%
Real Estate
0.0%
5.8%

The widest gap is Basic Materials: SIL has 52.4 points more of it.

The figures side by side

EWCSIL
Filing dateMay 31, 2026Apr 30, 2026
Stock positions reported8338
Weight of the ten largest43.0%75.1%
Largest positionRY 8.7%WPM 22.3%
Held alone81 positions, 96.9%36 positions, 65.1%
Covered by stock positions100%100%

Holdings they share

StockIn EWCIn SILCounted
WPMWheaton Precious Metals Corp.1.98%22.30%1.98%
PAASPan American Silver Corp.0.78%12.16%0.78%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in EWC

RYROYAL BANK OF CANADA8.71%
TDTHE TORONTO-DOMINION BANK6.28%
SHOPSHOPIFY INC.4.74%
ENBEnbridge Inc.3.89%
BMOBANK OF MONTREAL3.74%
CMCANADIAN IMPERIAL BANK OF COMMERCE3.30%
THE BANK OF NOVA SCOTIA3.22%
CNQCANADIAN NATURAL RESOURCES LIMITED3.08%
BROOKFIELD CORPORATION3.05%
AEMAGNICO EAGLE MINES LIMITED3.00%

Only in SIL

CDECOEUR MINING, INC.7.26%
AGFIRST MAJESTIC SILVER CORP.5.47%
FRESNILLO PLC5.43%
HLHECLA MINING COMPANY5.04%
KOREA ZINC INC4.68%
INDUSTRIAS PENOLES, S.A.B. DE C.V.4.54%
SSRMSSR MINING INC.4.25%
COMPANIA DE MINAS BUENAVENTURA S.A.A.3.92%
OROR Royalties Inc.3.81%
DISCOVERY SILVER CORP2.85%

Questions people ask

Is EWC the same as SIL?

2.8% of their weight sits in the same 2 holdings. EWC also reports RY, TD, SHOP, which the other does not. SIL also reports CDE, AG, FRESNILLO PLC, which the other does not.

How is the overlap between EWC and SIL measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of EWC and 100% of SIL, so the number cannot exceed the smaller coverage.

Which holds more, SIL or EWC?

EWC reports 83 stock positions and SIL reports 38. 96.9% of EWC's weight sits in names SIL does not hold, and 65.1% of SIL's weight in names EWC does not hold. The ten largest positions are 43.0% of EWC and 75.1% of SIL.

How do EWC and SIL differ by sector?

The widest gap is Basic Materials: SIL has 52.4 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.