ZHY:CA:TSX-BMO High Yield US Corporate Bond Hedged to CAD Index ETF (CAD)

ETF | High Yield Fixed Income | Toronto Stock Exchange

Last Closing

CAD 11.12

Change

0.00 (0.00)%

Market Cap

CAD 1.15B

Volume

4.24K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

"The investment seeks to replicate, net of expenses, the Barclays Capital U.S. High Yield Very Liquid Index CAD Hedged. The fund will invest in securities that comprise the index. It will generally reflect the exposure from an investment in high yield corporate bonds issued in the US (in USD) with a term to maturity primarily greater than one year and a below investment grade credit rating."

Inception Date: 20/10/2009

Primary Benchmark: BBgBarc VLI High Yield TR Hdg CAD

Primary Index: Barclays Global High Yield TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.60 %

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: 2024-03-27 )

Largest Industry Peers for High Yield Fixed Income

Symbol Name Mer Price(Change) Market Cap
ZJK:CA BMO High Yield US Corporate Bo.. 0.58 %

-0.02 (-0.11%)

CAD 1.04B
MUB:CA Mackenzie Unconstrained Bond E.. 0.58 %

+0.08 (+0.45%)

CAD 0.90B
ZEF:CA BMO Emerging Markets Bond (CAD.. 0.55 %

+0.01 (+0.08%)

CAD 0.61B
XHY:CA iShares U.S. High Yield Bond I.. 0.67 %

+0.09 (+0.56%)

CAD 0.41B
ZGSB:CA BMO Global Strategic Bond ETF 0.82 %

+0.05 (+0.19%)

CAD 0.18B
CVD:CA iShares Convertible Bond Commo.. 0.50 %

+0.04 (+0.24%)

CAD 0.09B
SYLD:CA Purpose Strategic Yield Fund E.. 1.22 %

-0.14 (-0.76%)

CAD 0.07B
DXO:CA Dynamic Active Crossover Bond .. 0.56 %

-0.13 (-0.68%)

CAD 0.06B
XSI:CA iShares Short Term Strategic F.. 0.56 %

-0.09 (-0.54%)

CAD 0.04B
QHY:CA Mackenzie US High Yield Bond I.. 0.56 %

N/A

CAD 0.04B

ETFs Containing ZHY:CA

ETP 0.00 % 1.52 %

N/A

N/A

Market Performance

  Market Performance vs. Industry/Classification (High Yield Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -0.63% 8% B- 21% F
Dividend Return 1.61% 100% F 74% C
Total Return 0.98% 42% F 29% F
Trailing 12 Months  
Capital Gain 3.44% 50% F 46% F
Dividend Return 6.14% 100% F 85% B
Total Return 9.58% 83% B 55% F
Trailing 5 Years  
Capital Gain -18.48% 17% F 21% F
Dividend Return 20.62% 100% F 85% B
Total Return 2.14% 50% F 33% F
Average Annual (5 Year Horizon)  
Capital Gain -5.10% 23% F 16% F
Dividend Return -0.57% 54% F 31% F
Total Return 4.53% 100% F 90% A-
Risk Return Profile  
Volatility (Standard Deviation) 9.03% 31% F 73% C
Risk Adjusted Return -6.33% 54% F 31% F
Market Capitalization 1.15B 83% B 69% C-

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.

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.

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.