ducovest

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

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 37.67

Change

0.00 (0.00)%

Market Cap

CAD 0.61B

Volume

7.60K

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
WFC Wells Fargo & Company 7.01 %
EWBC East West Bancorp Inc 6.99 %
MTB M&T Bank Corporation 6.57 %
C Citigroup Inc 6.35 %
RF Regions Financial Corporation 6.20 %
JPM JPMorgan Chase & Co 6.19 %
HBAN Huntington Bancshares Incorporated 6.18 %
USB U.S. Bancorp 6.17 %
BAC Bank of America Corp 6.17 %
GS Goldman Sachs Group Inc 6.16 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-12-28 )

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
ZWB:CA BMO Covered Call Canadian Bank.. 0.71 %

N/A

 CAD 3.18B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %

N/A

 CAD 1.69B
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 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 44.55% 100% F 91% A-
Dividend Return 2.23% 22% F 32% F
Total Return 46.78% 100% F 91% A-
Trailing 12 Months  
Capital Gain 44.55% 100% F 91% A-
Dividend Return 2.23% 22% F 32% F
Total Return 46.78% 100% F 91% A-
Trailing 5 Years  
Capital Gain 29.18% 65% D 62% D
Dividend Return 11.59% 29% F 29% F
Total Return 40.78% 50% F 56% F
Average Annual (5 Year Horizon)  
Capital Gain 13.78% 80% B- 77% C+
Dividend Return 15.85% 75% C 77% C+
Total Return 2.06% 28% F 62% D
Risk Return Profile  
Volatility (Standard Deviation) 35.76% 25% F 24% F
Risk Adjusted Return 44.31% 45% F 58% F
Market Capitalization 0.61B 84% B 65% 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 dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

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.