ducovest

ZWK:CA:TSX-BMO Covered Call US Banks ETF (CAD)

ETF | Financial Services Equity |

Last Closing

CAD 25.74

Change

+0.08 (+0.31)%

Market Cap

CAD 0.37B

Volume

0.03M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

BMO Covered Call US Banks ETF seeks to provide exposure to the performance of a portfolio of US banks to generate income and provide long-term capital appreciation while mitigating downside risk through the use of covered call options.

Company Website : http://www.bmo.com/gam/ca

Currency: CAD

Country : Canada

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-11-14 )

Largest Industry Peers for Financial Services Equity

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

+0.20 (+0.48%)

 CAD 3.98B
ZWB:CA BMO Covered Call Canadian Bank..

+0.07 (+0.35%)

 CAD 3.18B
XFN:CA iShares S&P/TSX Capped Financi..

+0.32 (+0.54%)

 CAD 1.66B
ZBK:CA BMO Equal Weight US Banks Inde..

+0.07 (+0.18%)

 CAD 0.84B
FSF:CA CI Global Financial Sector ETF

-0.01 (-0.03%)

 CAD 0.46B
ZUB:CA BMO Equal Weight US Banks Hedg..

-0.13 (-0.38%)

 CAD 0.32B
BANK:CA Evolve Canadian Banks and Life..

+0.07 (+0.86%)

 CAD 0.28B
RBNK:CA RBC Canadian Bank Yield Index ..

+0.12 (+0.43%)

 CAD 0.27B
CEW:CA iShares Equal Weight Banc & Li..

+0.21 (+1.02%)

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

+0.15 (+0.39%)

 CAD 0.18B

ETFs Containing ZWK:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Financial Services Equity) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 35.69% 85% B 88% B+
Dividend Return 7.64% 94% A 92% A
Total Return 43.33% 90% A- 90% A-
Trailing 12 Months  
Capital Gain 44.53% 80% B- 88% B+
Dividend Return 9.77% 89% A- 92% A
Total Return 54.30% 80% B- 90% A-
Trailing 5 Years  
Capital Gain -19.31% 20% F 18% F
Dividend Return 31.46% 76% C+ 82% B
Total Return 12.15% 20% F 29% F
Average Annual (5 Year Horizon)  
Capital Gain 0.89% 15% F 37% F
Dividend Return 7.35% 15% F 56% F
Total Return 6.46% 89% A- 99% N/A
Risk Return Profile  
Volatility (Standard Deviation) 32.43% 35% F 26% F
Risk Adjusted Return 22.66% 20% F 42% F
Market Capitalization 0.37B 74% C 55% F

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:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

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.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

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.