ducovest

HEX:CA:TSX-Horizons Enhanced Income Equity ETF Common (CAD)

ETF | Canadian Equity | Toronto Stock Exchange

Last Closing

CAD 6.39

Change

+0.02 (+0.31)%

Market Cap

CAD 0.06B

Volume

1.45K

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The investment objective of Horizons HEX is to provide Unit holders with: (a) exposure to the performance of an equal weighted portfolio of large capitalization Canadian companies; and (b) monthly distributions of dividend and call option income. Horizons HEX will invest primarily in a portfolio of equity and equity related securities of Canadian companies that, as at the Constituent Reset Date, are amongst the largest by market capitalization and most liquid issuers on the TSX.

Company Website : www.horizonsetfs.com

Currency: CAD

Country : Canada

Inception Date: 16/03/2011

Primary Benchmark: S&P/TSX 60

Primary Index: S&P/TSX Composite TR

Gross Expense Ratio: NA%

Management Expense Ratio: 0.84 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2020-02-19 )

Largest Industry Peers for Canadian Equity

Symbol Name Mer Price(Change) Market Cap
XIU:CA iShares S&P/TSX 60 0.18 %

+0.03 (+0.09%)

 CAD 12.48B
XIC:CA iShares Core S&P/TSX Capped Co.. 0.06 %

+0.03 (+0.09%)

 CAD 11.55B
ZCN:CA BMO S&P/TSX Capped Composite 0.05 %

+0.05 (+0.17%)

 CAD 7.26B
VCN:CA Vanguard FTSE Canada All Cap 0.06 %

+0.01 (+0.02%)

 CAD 6.28B
HXT:CA Horizons S&P/TSX 60 Index ETF 0.03 %

+0.10 (+0.17%)

 CAD 3.75B
ZLB:CA BMO Low Volatility Canadian Eq.. 0.39 %

+0.03 (+0.07%)

 CAD 3.49B
VCE:CA Vanguard FTSE Canada 0.06 %

+0.05 (+0.11%)

 CAD 1.59B
QCN:CA Mackenzie Canadian Equity Inde.. 0.06 %

+0.54 (+0.41%)

 CAD 1.37B
WXM:CA First Asset Morningstar Canada.. 0.67 %

-0.03 (-0.11%)

 CAD 0.55B
MKC:CA Mackenzie Maximum Diversificat.. 0.59 %

+0.08 (+0.24%)

 CAD 0.41B

ETFs Containing HEX:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Canadian Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 0.16% 7% C- 35% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 0.16% 7% C- 34% F
Trailing 12 Months  
Capital Gain -1.69% 2% F 30% F
Dividend Return 2.21% 97% N/A 66% D+
Total Return 0.52% 2% F 31% F
Trailing 5 Years  
Capital Gain -10.38% 5% F 37% F
Dividend Return 16.65% 89% A- 63% D
Total Return 6.27% 5% F 39% F
Average Annual (5 Year Horizon)  
Capital Gain 0.26% 8% B- 33% F
Dividend Return 4.61% 41% F 49% F
Total Return 4.40% 100% F 81% B-
Risk Return Profile  
Volatility (Standard Deviation) 8.76% 22% F 66% D+
Risk Adjusted Return 52.66% 19% F 50% F
Market Capitalization 0.06B 35% F 22% 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 on cashflow basis

The stock is trading low compared to its peers on a price to cash flow 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.

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.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

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.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.