ZEB-CA
BMO S&P/TSX Equal Weight Banks Index ETF
BMO Equal Weight Banks Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index , net of expenses
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$4.7 B
ASSETS UNDER MGMT
28 bp
EXPENSES
Fund Basics
| Fund sponsor | BMO |
| Category | Canadian |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 20, 2009 |
| Assets (mns) | $4,723 |
| Expense ratio | 28 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Monthly |
| Taxation | |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 18.4 % |
| NATIONAL BANK OF CANADA | 16.9 % |
| CAN IMPERIAL BK OF COMMERCE | 16.8 % |
| BANK OF NOVA SCOTIA | 16.3 % |
| TORONTO-DOMINION BANK | 15.7 % |
| BANK OF MONTREAL | 15.7 % |
Constituent Breakdown
| Number of holdings | 6 |
| Herfindahl-Hirschman Index | 1,663 |
| Wgt avg mkt cap (mns) | $85,181 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 99.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.6% | 26.6% | 9.2% | 6.1% | 9.8% | 8.9% | 10.9% | Volatility | 19.8% | 19.6% | 17.9% | 18.3% | 19.2% | 15.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 39% |
| MSCI EAFE | 0.71 | 49% |
| MSCI Emg Mkts | 0.58 | 33% |
Liquidity Measures
| Avg. volume (000) | 1,480 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $1,445 |
Technical Indicators
| Recent close | $42.17 |
| 30d moving avg. | $42.65 |
| Annualized volatility | 17.7% |
| Relative strength (RSI) | 74 |
| 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. ZEB-CA |
Expenses vs. ZEB-CA |
ALTAR Score™ vs. ZEB-CA |
|---|---|---|---|---|
| XFN-CA | iShares S&P/TSX Capped Financials Index ETF | 59.1% | +33 bp | -0.5% |
| VDY-CA | Vanguard FTSE Canadian High Dividend Yield Index ETF | 42.5% | -5 bp | +0.3% |
| XDV-CA | iShares Canadian Select Dividend Index ETF | 35.7% | +28 bp | +1.0% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 33.0% | -10 bp | -1.7% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 24.1% | -22 bp | -1.4% |
| XESG-CA | iShares ESG Aware MSCI Canada Index ETF | 23.7% | -11 bp | -1.5% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 23.5% | -10 bp | -1.3% |
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 22.4% | -4 bp | +0.3% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 19.2% | -23 bp | -1.3% |
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 19.0% | -22 bp | -1.2% |
Risk and Returns: ZEB-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
ZEB-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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
ZEB-CA
8.0%
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%. ZEB-CA's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places ZEB-CA in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ZEB-CASELL
U/W
HOLD
O/W
BUY