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Are country-specific ETFs a good hedge against exchange rate risk?
$EWC - Planning an Exit, post-trade thoughts.
$EWC YOLO Update : My OTM Calls are ITM Calls now.
"Upvote to ban all of Canada from the internet" was once WSB's top post. Now you're gonna YOLO on $EWC calls.
Mentions
> nearly any other world indices YTD Canada EWC up +1.82% YTD, +34% 1yr.
If the war is long term, energy surplus producing or energy independant countries with stable democracies far from the middle east would probably do best. Many country's outperformed our S&P last year and were already on track to do it again. If we have a recession they will probably fare better. Whole country etfs for Norway ENOR 19% ytd, Brazil EWZ 12%, Australia UWA 6.6%, Canada EWC 2%. I expect Canada and Australia especially to rise quicker given their energy sectors. If gold, copper and silver surge Mexico EWW 3.2% and Peru EPU 13% stand to gain with their stable energy sectors and heavy mining industries. This is without all the people like you and me who are going to rotate into these in the next few days and weeks as we begin to believe our eyes that this has probably only just begun. Here goes my first year of self directed investing!
EWC down 12% in a day is fucking unbelievable holy shit
Okay, thats the beauty of diversification. But ok, go and full port gold and silver. That's never gone wrong for anyone! My core portfolio is 35% SPY 35% VXUS 15% GLD and 15% EWC if that helps.
I am in EWY, EWZ, EEM. July calls Saw EPU (Peru) is actually as good as Korea. Then EWP, EPOL, even EWC, and many different Es are rocketing up, new ATH daily.
I’ve divested much more into international. Especially South Korea and Canada. Also bonds are about to take off again! Don’t get left behind! IGOV DFIV EWY EWC
Imagine being Pam, who is bragging on a measly 16% gain on SPY on an entire year. Whereas, EWY (South Korea) is up 137% annually EWZ (Brazil) is 51% EPOL (Poland) is up 52%, TSX 60/EWC (Canada) is up 35%, EWI (Italiy) is up 43%, FEZ (Euro Large Cap) is up 27% I can go on so, so, soo many South American, Asian and European countries whose indexes are boomtown, ripfest, new moon every day compared to SPY at this point. Thank you for coming to my Ted talk.
Basically just go with the country ETFs of EWY, EZA, EWC, EWZ, EWN
I’m not sure. I’m no billionaire, but I’ve made good money betting. My bet gelling right now is I'm going to buy a Canadian ETFs like EWC (iShares MSCI Canada) on a 5-10% pullback. That should pay off and be easy money when the taco happens.
EWW has been mooning. EWC less so. both overbought but we are a global bull
EWC come onnnn go up my options need more value !
Canada etf EWC up 35% in past 12 months. Got a feeling Canada will rip once they sort the trade deals away from USA
There are major indexes for many countries: EWU (UK) EWC (Canada) DAX (Germany) The list goes on. There is also ACWX which focuses on non-US companies.
Canada total market via all in EWC etf 32% @2.5MM. ;-)
The EWC Canada ETF is mostly banks but miners are making a comeback %age-wise. Decades ago 1/3 of silver was used for photography and now that is less than 1/20. Digital photography replaced the Eastman Kodaks. Silver now has uses as diverse as healthcare. The miners had bad balance sheets and have not been producing (the opposite of oil and fossil fuels.) Will silver miners continue to outperform a generic XME ETF?
I honestly wasn't sure, since I almost exclusively purchase in CAD on the TSX (even for US listed stocks or indexes). We have a lot of options over here. But I did some digging... There are very few Canadian individual stocks available for purchase in USD (mostly banks, and a few others), but I did find a few great index choices that hold the Canadian market. EWC, FLCA, BBCA All very identical. Hold most of what you'd want from the Canadian market. They're solid picks. Keep in mind, I don't know the dividend tax implications by purchasing those. Do your DD. Good luck!
Buying more EWC in my Roth. Staying the course
South Africa / EZA, Columbia / COLO, Chile / ECH, Greece / GREK, China Small Cap ECNS, Canada EWC, Poland EPOL, etc and a good number of other. Lots in Latin America, Africa, and East Asia.
drinking a Clearly Canadian, absolutely impeccable. Calls on EWC
*glances at $EWC. $RY $TD* Yeah I'm not seeing it
Yeah but everyone loses in a trade war… to what degree we will have to see. As the dollar loses trust, it has no heir apparent, any fiat currency to take its place has decades worth of trust to build with solid stable trade policy…in the meantime I thin gold is the place holder. That being said, INDA to hold low PE for the rupee sounds good, if Canada takes further steps to decouple from the US, maybe EWC is a good proxy for CAD, EWJ for the yen…for the euro EUAD would not just be euro but specifically aerospace which sounds better than a pure currency hedge.
I have long dated PUT options on SPY, EWC and CALL options on GOLD
He’s gonna crash and burn so hard. By 2026 everyone will hate him. Til then it’s EWC puts
Why was the EWC ripping during 🥭 presser? Shouldn’t it be going down? 🇨🇦
**Fun Fact (2014–2024):** * **IVV (S&P 500 - U.S. Stocks):** \+238% * **EWC (Canada ETF - Canadian Stocks):** \+47% * **IEFA (Developed Markets ex-US ETF - Major Countries: Japan, UK, France, Germany, Australia, Switzerland):** \+30% * **IEMG (Emerging Markets ETF - Major Countries: China, India, Brazil, South Korea, Taiwan, South Africa):** \+17%
for what its worth, EWC is canada's version of SPY. it's at 40 bucks rn and 37 dollar puts are worth next to nothing. do with that what you will.
I guess there is no urgency on some of the trade ideas above. Nevertheless, I have been thinking about how US can reduce interest rates: it can really only come from three sources - lower inflation (not likely), economic recession (takes time to engineer) and creating panic to let people flying to quality. I began to think whether we will see tariff on Europe (overall tariff) and on Korea and Japan (steel and aluminum) this coming week, or dramatic actions on Canada border. I plan to do nothing about TSLA (as you said, 82% IV this week) and EWJ, and keep watching SPY. Maybe also EWC put after China posted retaliatory tariff.
Assuming tariffs being temporary is being priced in right now? EWC should have collapsed otherwise
I diversify with vxus alongside regional etfs inside my Roth IRA. Mexico EWW, Canada EWC, Japan DXJ and EWJ, Finland EFNL, Poland EPOL, Argentina ARGT, India INDA and EPI. Been with these for three years now. India is down a bit past few months though but I’m holding until retirement. I’d check out some of the different regional ETFs, there’s several of different countries with different specifics.
EWC still hasn't really moved considering tariffs would wreck the Canadian economy. They can't actually be priced in.
Why EWC? I had to look it up. Is that like Canada's SPY?
The faster he crashes the global economy the faster my $TLT calls print because every other currency will be worthless. $TLT calls $EWW puts $EWC puts
I am shorting the MSCI Canada ETF, EWC.
EWW Mexico ETF EWC Canada ET Both countries GDP’s rely on selling fentanyl to American schools
#Check out EWC is you wanna play the Canada Tariffs being paused.📈
EWC Canada ETF up almost 5%? Is this a foreshadow for a resolution incoming
Tomorrow, i will take profits. I keep some profits, but also use some to buy more puts on EWC, but also on Mexico MSCI Fund ETF
$40P EWC Feb 21 and $45P EWW Feb 21 looks mighty cheap right now.
$40P EWC Feb 21 and $45P EWW Feb 21 looks mighty cheap right now.
PUTs on EWC ETF which tracked MSCI Canada Index.
Ya. I've been holding PUTs on EWC ETF which tracked MSCI Canada Index.
Puts on EWC. However, the more I think about it... this isnt done. Gonna go right down to the wire.
Clearly market thinks these tarrifs are a bluff. EWC (Canada iShares ETF) is at same level as election night.
EWC puts it is then 
I see. I’ll look into requesting permissions like you mentioned. I was looking into Schwab Global Account as well. I have shares in EWC but want to buy some shares in cad as well. Thanks!
Are you sure about Interactive Brokers? That would be my first suggestion, they have very good exchange rates and international coverage. Their permissions system can be complex though - if you have an account you probably need to request permission for international stocks and ETFs. Alternatively, EWC is a US listed ETF of Canadian companies.
Man that sounded dire. EWC, on the nyse. You could short
Don't forget to add EWC to your portfolio, or SBUX if you want to concentrate on white women.
You could short EWC.
I think it’s EWC for their equivalent sp500 style fund. Top holding is royal bank of Canada and that thing appears to be a gem tho….maybe Canadian REIT?
>Please name one established market where that's true outside of the US. I'm not trying to be argumentative, I agree with you actually in terms of preferring DCA, but you awoke my inner portfolio backtesting nerd...so I had to give it a shot... *Before* doing any research, I feel confident in saying Denmark and Australia. Other established markets I would also do look at are Canada and the Netherlands (probably one of the oldest stock markets out there!). \- [Denmark: 13.39% since inception, but short time period](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=EDEN&allocation1_1=100) so no prolonged secular bear seen \- [Australia: 6.93% since inception](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=EWA&allocation1_1=100), eyeballing I can see a flat-ish market from 2007 to 2020, but 13 years flat isn't far from the US during say 2000-2011ish... \- [Canada: 6.2% since inception](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2000&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=EWC&allocation1_1=100), basically a similar flat period as Australia (makes sense, both commodity/energy heavy afaik), again not really a plateau that's significantly longer than US bear markets \- [Netherlands: 4.42% since inception](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2000&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=EWN&allocation1_1=100), flat from 2000-2012, almost lockstep with the US bear market during that time Basically, seems like there are also many countries without bear markets that are significantly longer than the US "norm". Again I absolutely see your point and I'm actually on the side of DCA, but you said name a country and I couldn't help giving it a few tries...:) don't take this the wrong way haha
>lump sum beats DCA on average \^this is basically just another way of saying that we've been in a bull market for quite a while look at the stock market index of any other country (use EWC as a proxy since OP is from Canada), and DCA generally beats lump sum, since most countries have flatlined for the past 10+ years
EWC - iShares MSCI Canada ETF Not sure if this is the way; PE is 13.5 and it Yields 2.3%
$EWC iShares MSCI Canada ETF
If your looking at near shoring ideas I would say look into ishares mexico index (NYSEARCA: EWW), up 25% ytd. For Canada (NYSEARCA: EWC), up 9% ytd. For single names I would say that's a little tricker because there's so much headline noise. I would say Cameco (CCJ). I throw Cameco in there because its an energy/clean energy play. Canada is looking for more ways to increase clean energy production which nuclear energy does, the nuclear industry has a shortage of supply (increase prices), and the biggest thing is U.S. does buy energy from Canada. NY state buys energy from hydro quebec. In the future with the clean energy initiative there could be a possibility of when Canada increase energy production using nuclear power which is cheap, the U.S. could buy this energy all while checking the list of clean energy usage (without have nuclear waste in the country). If this were to happen it would take time as new reactors would need to be built and energy purchasing agreements created but there is a possibility. Stock is up 40% ytd.
You can buy an ETF. EWC seems to be popular
Why does the brokerage matter? Isn’t what matters the underlying securities? If I open a Canadian brokerage account in CAD, but I purchase US stocks/ETFs, then I’m still going to lose if the Canadian dollar rises. The value of my holdings (even in CAD) will go down because they’re US equities going through a conversion (unless I’m buying currency hedged ETFs). I suppose you are specific suggesting buying Canadian equities with the Canadian brokerage account? But I am basically doing that by buying BBCA and EWC from the US—it’s just converting to USD which makes it easier for me administratively (don’t have to open more accounts).
Generally anything Canadian isn't very liquid, our market is a lot smaller than our neighbors to the south. $RY (RBC) should probably be liquid enough for the wheel strategy. I am not familiar with EWC so I can't really comment. I also don't think liquidity is the biggest concern w/ the wheel strategy b/c you aren't looking to buy to close any options you sell, you are just letting them run to expiry.
Thank you for the explanation. I Googled some articles on them yesterday but I was wondering if you had any better than I could find, but what you are saying makes sense to me. I checked some of the banks and their option chains are not very liquid, I’m thinking of getting exposure through $EWC (the iShares Canada ETF). The majority of the holding are financials, materials, and industrials which I think should hold up well in the coming market. EWC looks to trade in the same pattern as $RY. What do you think of this strategy?
Shiiit. I really want to re enter on EWC puts. Made some decent shekels last time.
Not sure how I’m going to exit these EWC puts. 0 volume but 18k OI.
Fuck you EWC go under 30
Need a massive dump on EWC
I’ve been holding these EWC puts forever. Hopefully get below 30 within the month
EWC has a similar OI for the same dated 30p. Not really sure what it means
I’m gonna lose every cent on these EWC puts aren’t I?
EWC is Canadian etf looks like it's representative of the TSX. EWA is Australian ETF who have a similar housing bubble
Robo has gone overboard with diversification. Diversification maths show you are pretty much fully diversified after 20-30 stocks. But look at the list of index by OP. EWA, EWC, EWJ has 63, 90, 262 holdings. Thats 415 stocks for what amount to only 25% weight of portfolio. So full robo fund probably has 1000 positions. Great way to dilute returns. That’s for single robo fund. If you are buying few robo funds then you are layering diversification on diversification on diversification. All this will still not beat 30 stocks Dow Jones over long term. Robo has nonexistent strategies. Their job is to package funds behind a UI and drain you of extra mgmt fee and dilute your return.
EWC 18000 OI & 0 volume. Very ghey
DASH might already be done? EWC: what did Canada ever do to you 😂
DASH, EWC & DIS. The list was much bigger 2 months ago
All I have now are 5k in wayyyy otm EWC puts. It simply isn’t enough to please my bear 🅱️ussy. Please forgive lord Burry for I have sinned with not enough regard plays
crazy OI on EWC January puts. Strange
Crazy amount of OI on EWC Jan puts
For the next few months here is how i am positioning. I strongly believe ex-US is relatively better value at the moment hence the allocations to china, India and south america Good: Earnings (mostly) Opening up of the economy (hopefully no new virus strains or mutations that lead to shutdowns) 10% VTI 5% TQQQ 5% EFA 10% KWEB Bad: Geopolitics - Ukraine mostly China is still not open 5% INDA 5% USO Ugly: Inflation with a supply side twist FED who thinks they are going to soft land this 5% EWC 5% ILF 5% GLD 10% TLT 35% Cash (The remaining portfolio has high enough beta to compensate for high cash)
In the meantime, $EWC looks like it could move up by 60% plus.
Brazil ($EWZ) in the toilet, meanwhile Canada ($EWC) at ATH
Small cap appears to be a gap... EWC, BBCA, FLCA all are designed to return the broad Canadian market, but are made up of Large and Mid Cap stocks. Given the late stage of bull market we are in, overweighting large cap is generally a good strategy so it may not be the worst way to go.
Does anyone know of a good way to get exposure to the Canadian stock market specifically, as a US investor using US-listed etfs? I came across EWC (iShares MSCI Canadian index) which will do fine I suppose but wondering if there’s a US ETF that has exposure to the whole Canadian market. I know in Canada they have XIC (S&P Toronto Stock Exchange compute index, capped at 10% for any one stock) which looks like it includes more small and mid cap Canadian stocks. However there doesn’t seem to be an equivalent US-listed index. Does anyone know of one, or a better instrument to gain exposure to Canada?
Take a look at ABEV and VALE. Both Brazil and Chile with their dependence on commodities stand to gain with increased inflation. If not going full ape, you can also consider EWZ or EWC
I think I’m just going to keep buying barely OTM EWC calls and ride that bitch to $50 by September
23x Dec '17 '21 EWC 41C Getting filled at the bid today, get 'em while they're hot
EWC rnd 2 is the September 40c. Gonna buy in on a red day. If it keeps moving up, I'll go to the 41s on a red day. Spread on the 40s is 20c-30c. 8% by September? CAD might make 5% by itself.
Ahhh sorry! My bad. No, not EWC. Govberg. Been buying from them for a while now. They always procure the watches I need and usually at a very good price. Lange is amazing. I just love their movements. So gorgeous!! The one other watch company that I've been blown away by is Grand Seiko. So amazing.
EWC is ishares canada (i think)
When do I sell these XLI (5/21 105) and EWC(6/18 35) calls? Up over 100% in both
Took a week off from shitposting with you jackasses and I made some money. Time to gamble it all away on stupid ideas. Positions: EWC 35C 6/18 PCG 15C 6/18
Mostly slow bleed as always 🤪 sold my EWC call for modest gain. Woulda been like $10 more if I did it last week
Hmmmm the market cap for **EWC** is above our minimum threshold but still pretty low. **MAYBE IT'S LEGIT THOUGH!** I'm a bot (*I don’t think investors like myself want to be susceptible to these type of dynamics*) and this DD for [**EWC**] is cautiously approved. If you have suggestions for the Melvinator, then comment below or let the mods know.