Mike Larson | Editor-in-Chief
Who’s going to win the performance race in 2026 – the US or Canada? My podcast guests chimed in last week – but let’s see what the charts and the data say.
This MoneyShow Chart of the Day compares the year-to-date performance of the iShares MSCI Canada ETF (EWC) and the iShares Core S&P 500 ETF (IVV). You can see that as of late last week, our Canadian fund (in red) had a slight lead over our US competitor (in blue) – 15.1% vs. 13.9%. While I’m not showing it here, secondary indicators like RSI and MACD also look stronger with EWC than they do with IVV.
EWC Vs. IVV (YTD % Change)
Source: TradingView
In last week’s MoneyShow MoneyMasters Podcast, my guests Tom Bruni and Sid Mokhtari covered some of the reasons for the divergence – and their thoughts on where both markets will head next. Now, I want to highlight the stocks and sectors each fund favors here.
The EWC’s biggest sector weighting is financials at 40.2%. The IVV’s is technology at 37.6%. Energy stocks account for 16.8% of the EWC and materials are good for another 14.5%. In the IVV, those sectors represent just 3.2% and 1.7%.
In terms of individual names, EWC’s top two holdings are Royal Bank of Canada (RY) and Toronto Dominion Bank (TD). IVV’s are Nvidia Corp. (NVDA) and Apple Inc. (AAPL). The biggest bank stock in IVV is JPMorgan Chase & Co. (JPM)…but it’s only the fund’s 10th largest holding. The only tech stock in the top 10 for EWC is Shopify Inc. (SHOP); it has a 6% weighting.
Bottom line? The choice of where to invest boils down to how you think sector leadership will shake out. If you think tech is the place to be, you’re better off overweighting US ETFs like IVV. If you think financials, materials, and energy are on the march, you’re better off focusing on Canadian funds like EWC.
Personally, I’ve staked out a case for investing more heavily in foreign markets and sectors where capital is rotating. It’s working out so far – though we still have more than four months to go in 2026!
Gold has performed very well. Copper is hitting new highs. But Christopher Berlet, President, CEO, and Director of Stakeholder Gold Corp., says the bigger story is what’s happening beneath the surface.
In this sponsored interview, Berlet explains how decades of underinvestment in mining exploration are colliding with rapidly rising demand for copper, gold, and critical minerals. Specifically, he delves into the impact of electrification, AI infrastructure, defense applications, central bank gold buying, resource nationalism, and growing concerns over global supply-chain security.
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It’s the FINAL COUNTDOWN to our 2026 MoneyShow Masters Symposium San Francisco — so you don’t have a moment to spare. Dozens of the nation’s leading economists, analysis, strategists, traders, and authors will be converging on the Fairmont San Francisco on Nob Hill to share their insights and recommendations next week!
Don’t miss this chance to power up your portfolio — and get your most pressing market questions answered. Tap the button below to lock in your pass to the Aug. 25-28 symposium TODAY…
We continue to see explosive post-earnings moves in the stock market, with one notable move occurring recently in Nebius Group NV (NBIS). It just delivered a major gap-up move after earnings, observes Danielle Shay, editor of Five Star Trader.
Health care is an area we think could eventually get a huge AI boost - especially within pharmaceuticals, biotech, and medical equipment. AbbVie Inc. (ABBV) is a pharmaceutical firm with strong exposure to immunology and oncology, writes John Eade, president of Argus Research.
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