XDV-CA
iShares Canadian Select Dividend Index ETF
XDV tracks an index of 30 dividend-paying Canadian equity securities, selected and weighted based on dividend yield.
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$1.8 B
ASSETS UNDER MGMT
56 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Canadian |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 19, 2005 |
| Assets (mns) | $1,799 |
| Expense ratio | 56 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Monthly |
| Taxation | |
| Stock selection | Fundamental |
| Weighting | Dividends |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CANADIAN TIRE CORP -CL A | 8.8 % |
| ROYAL BANK OF CANADA | 7.8 % |
| BANK OF MONTREAL | 7.4 % |
| NATIONAL BANK OF CANADA | 5.5 % |
| BANK OF NOVA SCOTIA | 5.4 % |
| TRANSCANADA CORP | 4.9 % |
| TORONTO-DOMINION BANK | 4.8 % |
| CAN IMPERIAL BK OF COMMERCE | 4.8 % |
| BCE INC. | 4.6 % |
| SUN LIFE FINANCIAL INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 455 |
| Wgt avg mkt cap (mns) | $42,148 |
| Large cap (>$10bn) | 67.1% |
| Mid cap ($2-10bn) | 27.1% |
| Small cap (<$2bn) | 5.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 96.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.4% | 23.0% | 9.9% | 12.7% | 12.2% | 8.4% | 7.9% | Volatility | 15.5% | 15.6% | 14.5% | 15.1% | 15.9% | 12.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.48 | 42% |
| MSCI EAFE | 0.55 | 53% |
| MSCI Emg Mkts | 0.42 | 31% |
Liquidity Measures
| Avg. volume (000) | 49 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $2,244 |
Technical Indicators
| Recent close | $31.72 |
| 30d moving avg. | $32.47 |
| Annualized volatility | 13.1% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XDV-CA |
Expenses vs. XDV-CA |
ALTAR Score™ vs. XDV-CA |
|---|---|---|---|---|
| VDY-CA | Vanguard FTSE Canadian High Dividend Yield Index ETF | 51.7% | -33 bp | -0.7% |
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 48.9% | -32 bp | -0.6% |
| XFN-CA | iShares S&P/TSX Capped Financials Index ETF | 44.0% | +5 bp | -1.5% |
| ZEB-CA | BMO S&P/TSX Equal Weight Banks Index ETF | 35.7% | -28 bp | -1.0% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 34.2% | -38 bp | -2.3% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 34.2% | -50 bp | -2.3% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 34.0% | -38 bp | -2.6% |
| CDZ-CA | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 33.4% | +13 bp | -0.8% |
| XESG-CA | iShares ESG Aware MSCI Canada Index ETF | 32.1% | -39 bp | -2.4% |
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 30.1% | -50 bp | -2.2% |
Risk and Returns: XDV-CA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XDV-CA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
XDV-CA
9.0%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 19 funds in the Canadian Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
1.6%. XDV-CA's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places XDV-CA in the 83rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XDV-CASELL
U/W
HOLD
O/W
BUY