ducovest

ZUB:CA:TSX-BMO Equal Weight US Banks Hedged to CAD Index ETF (CAD)

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 27.28

Change

+0.23 (+0.85)%

Market Cap

CAD 0.40B

Volume

0.11M

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. The U.S. dollar exposure is hedged to the Canadian dollar.

Company Website : www.etfs.bmo.com

Currency: CAD

Country : Canada

Inception Date: 19/05/2010

Primary Benchmark: Solactive Equal Weight US Bank CAD Hdg

Primary Index: MSCI World/Financials GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.38 %

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: 2024-03-28 )

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 %

-0.03 (-0.08%)

 CAD 3.75B
ZWB:CA BMO Covered Call Canadian Bank.. 0.71 %

-0.07 (-0.36%)

 CAD 2.98B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %

+0.24 (+0.50%)

 CAD 1.39B
ZBK:CA BMO Equal Weight US Banks Inde.. 0.37 %

+0.13 (+0.45%)

 CAD 0.68B
ZWK:CA BMO Covered Call US Banks ETF 0.00 %

-0.09 (-0.43%)

 CAD 0.34B
RBNK:CA RBC Canadian Bank Yield Index .. 0.33 %

+0.07 (+0.29%)

 CAD 0.25B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %

+0.07 (+0.42%)

 CAD 0.19B
CIC:CA CI Canadian Banks Covered Call.. 0.84 %

+0.03 (+0.23%)

 CAD 0.19B
BANK:CA Evolve Canadian Banks and Life.. 0.39 %

+0.03 (+0.42%)

 CAD 0.15B
HEF:CA Horizons Enhanced Income Finan.. 0.83 %

N/A

 CAD 0.15B

ETFs Containing ZUB: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 10.27% 88% B+ 74% C
Dividend Return 0.73% 20% F 31% F
Total Return 10.99% 88% B+ 75% C
Trailing 12 Months  
Capital Gain 30.28% 94% A 86% B+
Dividend Return 3.44% 27% F 59% D-
Total Return 33.72% 94% A 87% B+
Trailing 5 Years  
Capital Gain 6.94% 53% F 47% F
Dividend Return 10.04% 35% F 53% F
Total Return 16.97% 37% F 45% F
Average Annual (5 Year Horizon)  
Capital Gain 1.14% 58% F 49% F
Dividend Return 2.99% 32% F 51% F
Total Return 1.85% 29% F 53% F
Risk Return Profile  
Volatility (Standard Deviation) 40.32% 5% F 22% F
Risk Adjusted Return 7.42% 26% F 40% F
Market Capitalization 0.40B 79% B- 63% 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 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.

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.

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.