ducovest

ZWB:CA:TSX-BMO Covered Call Canadian Banks ETF (CAD)

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 19.98

Change

+0.02 (+0.10)%

Market Cap

CAD 1.24B

Volume

0.17M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The fund invests in securities of Canadian banks, and writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The ETF is rebalanced and reconstituted semi-annually in June and December.

Company Website : www.etfs.bmo.com

Currency: CAD

Country : Canada

Inception Date: 28/01/2011

Primary Benchmark: Solactive EW CAN Banks TR CAD

Primary Index: MSCI World/Financials GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.71 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
ZBRA Zebra Technologies Corporation 28.99 %
CM Canadian Imperial Bank Of Commerce 12.55 %
NA Nano Labs Ltd 12.39 %
BMO Bank of Montreal 12.05 %
RY Royal Bank of Canada 11.87 %
BNS Bank of Nova Scotia 11.70 %
TD Toronto Dominion Bank 10.56 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-12-27 )

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 4.43B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %

N/A

 CAD 1.69B
ZBK:CA BMO Equal Weight US Banks Inde.. 0.37 %

N/A

 CAD 0.79B
FSF:CA CI Global Financial Sector ETF 1.11 %

N/A

 CAD 0.46B
ZUB:CA BMO Equal Weight US Banks Hedg.. 0.38 %

N/A

 CAD 0.40B
ZWK:CA BMO Covered Call US Banks ETF 0.00 %

N/A

 CAD 0.36B
BANK:CA Evolve Canadian Banks and Life.. 0.39 %

N/A

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

N/A

 CAD 0.28B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %

N/A

 CAD 0.24B
HEWB:CA Global X Equal Weight Canadian.. 0.00 %

N/A

 CAD 0.18B

ETFs Containing ZWB: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 12.00% 10% F 52% F
Dividend Return 6.78% 78% C+ 86% B+
Total Return 18.78% 10% F 59% D-
Trailing 12 Months  
Capital Gain 12.00% 10% F 52% F
Dividend Return 6.78% 78% C+ 86% B+
Total Return 18.78% 10% F 59% D-
Trailing 5 Years  
Capital Gain 8.00% 50% F 47% F
Dividend Return 32.95% 94% A 87% B+
Total Return 40.95% 55% F 56% F
Average Annual (5 Year Horizon)  
Capital Gain 5.20% 30% F 51% F
Dividend Return 10.72% 20% F 63% D
Total Return 5.52% 78% C+ 95% A
Risk Return Profile  
Volatility (Standard Deviation) 20.00% 95% A 44% F
Risk Adjusted Return 53.61% 55% F 66% D+
Market Capitalization 1.24B 95% A 81% B-

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:
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.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

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:
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 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.