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Scotia U.S. Equity Index Tracker ETF (SITU : NEO)

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U.S. Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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Close
(05-21-2025) 		$36.98
Change
-$0.68 (-1.81%)
Open $37.49
Day Range $36.85 - $37.49
Volume 23,207

As at April 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252021-01-012021-07-012022-01-012022-07-012023-01-012023-07-012024-01-012024-07-012025-01-01$20.00$30.00$40.00$50.00$32.00$34.00$36.00$38.00$42.0005,000,00010,000,000Period
Created with Highcharts 10.3.3Jan 2021Apr 2021Jul 2021Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252021-01-012021-07-012022-01-012022-07-012023-01-012023-07-012024-01-012024-07-012025-01-010%100%-25%25%50%75%-5%5%10%15%20%Period

Legend

Scotia U.S. Equity Index Tracker ETF

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Fund Returns

Inception Return (October 29, 2020): 14.22%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -4.45% -12.12% -2.51% -8.77% 12.86% 18.70% 15.06% 11.59% - - - - - -
Benchmark -4.57% -11.79% -2.47% -8.73% 12.63% 18.27% 15.08% 12.30% 15.44% 13.55% 14.27% 13.26% 14.84% 13.85%
Category Average -3.76% -4.21% -4.21% -8.32% 7.65% 13.97% 10.67% 7.68% 12.29% 9.92% 10.29% 9.82% 10.95% 9.80%
Category Rank 617 / 1,318 569 / 1,309 368 / 1,300 627 / 1,301 192 / 1,271 286 / 1,202 190 / 1,145 135 / 1,077 - - - - - -
Quartile Ranking 2 2 2 2 1 1 1 1 - - - - - -

Monthly Return

Created with Highcharts 10.3.3May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.96% 4.04% 2.09% -0.05% 2.40% 2.42% 6.68% 0.16% 3.81% -2.16% -6.00% -4.45%
Benchmark 4.13% 3.97% 2.12% 0.07% 2.23% 2.12% 6.59% 0.26% 3.46% -1.62% -6.04% -4.57%

Best Monthly Return Since Inception

8.55% (July 2022)

Worst Monthly Return Since Inception

-7.08% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 25.54% -14.26% 23.78% 36.55%
Benchmark 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32% 36.01%
Category Average 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85% 26.98%
Quartile Ranking - - - - - - 2 2 2 1
Category Rank - - - - - - 353/ 1,058 455/ 1,109 444/ 1,172 258/ 1,258

Best Calendar Return (Last 10 years)

36.55% (2024)

Worst Calendar Return (Last 10 years)

-14.26% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return810121416182022242628-10%-5%0%5%10%15%20%25%

Scotia U.S. Equity Index Tracker ETF

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 13.91% - -
Beta 1.00% - -
Alpha 0.00% - -
Rsquared 1.00% - -
Sharpe 0.80% - -
Sortino 1.42% - -
Treynor 0.11% - -
Tax Efficiency 96.84% - -
Volatility Volatility rating is 7 on a scale of 1 to 10 - -

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.95% 13.91% - -
Beta 1.01% 1.00% - -
Alpha 0.00% 0.00% - -
Rsquared 1.00% 1.00% - -
Sharpe 0.71% 0.80% - -
Sortino 1.21% 1.42% - -
Treynor 0.09% 0.11% - -
Tax Efficiency 96.34% 96.84% - -

Fund Details

Start Date October 29, 2020
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -
52 Week High $40.45
52 Week Low $31.41
Annual Dividend $0.38
Annual Yield -
Index Solactive GBS United States 500 CAD Index
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

SITU seeks to replicate, to the extent possible and before fees and expenses, the performance of a broad U.S. equity market index that tracks the investment returns of publicly traded large capitalization U.S. stocks. Currently, SITU seeks to replicate Solactive GBS United States 500 CAD Index.

Investment Strategy

In order to achieve its investment objective, each Scotia ETF invests in the Constituent Securities of the applicable Index in a similar proportion as they are assembled in the Index. In addition, the Scotia ETFs may also invest, directly or indirectly, in a portfolio comprised of various securities and instruments which may include, but are not limited to, equity and equity related securities, fixed income securities and futures contracts.

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.
Sub-Advisor

SSGA Canada

Management and Organization

Fund Manager

1832 Asset Management L.P.
Custodian

State Street Trust Company Canada
Registrar

State Street Trust Company Canada
Distributor

-

Fees

MER 0.09%
Management Fee 0.05%

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