ducovest

ZBK:CA:TSX-BMO Equal Weight US Banks Index ETF (CAD)

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 31.25

Change

0.00 (0.00)%

Market Cap

CAD 0.61B

Volume

0.10M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The fund seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank Index Canadian Dollar Hedged (the "Index"), net of expenses. The investment strategy of the fund is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Index consists of large capitalization United States banks. Each security in the Index is allocated an equal weight rather than a market capitalization weight.

Company Website : www.etfs.bmo.com

Currency: CAD

Country : Canada

Inception Date: 10/02/2014

Primary Benchmark: Solactive Equal Weight US Bank

Primary Index: MSCI World/Financials GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.37 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
FCNCA First Citizens BancShares Inc 7.23 %
GS Goldman Sachs Group Inc 7.06 %
CFG Citizens Financial Group, Inc. 6.68 %
MTB M&T Bank Corporation 6.48 %
PNC PNC Financial Services Group Inc 6.47 %
TFC Truist Financial Corp 6.41 %
FITB Fifth Third Bancorp 6.25 %
EWBC East West Bancorp Inc 6.15 %
RF Regions Financial Corporation 6.10 %
BAC Bank of America Corp 6.08 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-08 )

Largest Industry Peers for Financial Services Equity

Symbol Name Mer Price(Change) Market Cap
ZEB:CA BMO S&P/TSX Equal Weight Banks 0.60 %

N/A

 CAD 3.58B
ZWB:CA BMO Covered Call Canadian Bank.. 0.71 %

N/A

 CAD 3.13B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %

N/A

 CAD 1.62B
FSF:CA CI Global Financial Sector ETF 1.11 %

N/A

 CAD 0.46B
ZWK:CA BMO Covered Call US Banks ETF 0.00 %

N/A

 CAD 0.35B
ZUB:CA BMO Equal Weight US Banks Hedg.. 0.38 %

N/A

 CAD 0.29B
RBNK:CA RBC Canadian Bank Yield Index .. 0.33 %

N/A

 CAD 0.27B
BANK:CA Evolve Canadian Banks and Life.. 0.39 %

N/A

 CAD 0.26B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %

N/A

 CAD 0.23B
HEWB:CA Global X Equal Weight Canadian.. 0.00 %

N/A

 CAD 0.17B

ETFs Containing ZBK:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Financial Services Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 19.92% 95% A 85% B
Dividend Return 1.48% 20% F 42% F
Total Return 21.39% 95% A 85% B
Trailing 12 Months  
Capital Gain 39.63% 95% A 91% A-
Dividend Return 3.42% 13% F 61% D-
Total Return 43.05% 95% A 91% A-
Trailing 5 Years  
Capital Gain 19.37% 60% D- 53% F
Dividend Return 9.57% 13% F 41% F
Total Return 28.93% 45% F 53% F
Average Annual (5 Year Horizon)  
Capital Gain 8.20% 60% D- 66% D+
Dividend Return 10.18% 55% F 67% D+
Total Return 1.98% 28% F 55% F
Risk Return Profile  
Volatility (Standard Deviation) 34.47% 25% F 26% F
Risk Adjusted Return 29.55% 45% F 50% F
Market Capitalization 0.61B 84% B 67% D+

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.