Question 1

What is COW?

Accepted Answer

COW (iShares Global Agriculture Common Class) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar Global Markets GR CAD.

Question 2

What is the COW ETF price today?

Accepted Answer

COW last traded at $69.10 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the COW MER (management expense ratio)?

Accepted Answer

COW has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, COW is considered a low-cost ETF.

Question 4

What are COW annualised returns?

Accepted Answer

COW historical returns: YTD: +8.61%, 1-year: +6.93%, 3-year annualised: +7.09%, 5-year annualised: +4.71%, 10-year annualised: +8.52%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.26, which measures risk-adjusted return.

Question 5

Does COW pay dividends or distributions?

Accepted Answer

Yes, COW distributes income to unitholders. The current distribution yield is approximately 1.42%, paid annually. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does COW invest in?

Accepted Answer

COW's top holdings include Deere & Company (DE, 10.2%), Archer-Daniels-Midland Company (ADM, 9.9%), Corteva Inc (CTVA, 9.6%), Nutrien Ltd (NTR, 7.1%), Tyson Foods Inc (TSN, 5.9%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Global Markets GR CAD.

Question 7

What sectors does COW invest in?

Accepted Answer

COW's largest sector exposures are Consumer Defensive (40.0%), Industrials (26.5%), Basic Materials (22.6%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is COW? (Assets under management)

Accepted Answer

COW has approximately $267M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was COW launched?

Accepted Answer

COW was launched on December 19, 2007, giving it a 19-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy COW in Canada?

Accepted Answer

COW trades on the TSX under the ticker COW. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is COW?

Accepted Answer

COW has a 1-year volatility of 17.05% and a beta of 0.37 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.26 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-22	$68.42	$69.10	$68.42	$69.10	$69.10	1,975
2026-10-21	$69.36	$69.36	$68.80	$68.90	$68.90	1,386
2026-10-20	$69.97	$69.97	$69.00	$69.36	$69.36	2,113
2026-10-19	$70.39	$70.39	$69.08	$69.13	$69.13	2,617
2026-10-16	$71.00	$71.00	$70.60	$70.60	$70.60	674
2026-10-15	$71.40	$71.84	$71.09	$71.09	$71.09	1,223
2026-10-14	$71.75	$71.93	$71.75	$71.86	$71.86	2,696
2026-10-13	$70.24	$72.03	$70.24	$71.87	$71.87	2,679
2026-10-09	$71.44	$71.44	$70.18	$70.18	$70.18	1,700
2026-10-08	$71.53	$71.74	$71.26	$71.44	$71.44	4,386

#	Ticker	Name	Weight
1	DE	Deere & Company	10.17%
2	ADM	Archer-Daniels-Midland Company	9.86%
3	CTVA	Corteva Inc	9.57%
4	NTR	Nutrien Ltd	7.15%
5	TSN	Tyson Foods Inc	5.88%
6	AGCO	AGCO Corporation	6.10%
7	BG	Bunge Global SA	5.71%
8	ANDE	The Andersons Inc	5.53%
9	INGR	Ingredion Incorporated	4.65%
10	SQM	Sociedad Quimica y Minera de Chile SA ADR B	4.83%

Sector	Weight
Consumer Defensive	40.04%
Industrials	26.53%
Basic Materials	22.58%
Financial Services	11.03%
Consumer Cyclicals	0.59%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Real Estate	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

iShares Global Agriculture Common Class (COW : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — COW