Join Fund Library now and get free access to personalized features to help you manage your investments.

BMO Equal Weight Banks Index ETF (ZEB : TSX)

Financial Services Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2018, 2012

Click for more information on Fundata’s FundGrade

Close
(12-23-2024)
$42.26
Change
$0.07 (0.17%)
Open $42.01
Day Range $41.91 - $42.27
Volume 2,283,981

As at November 30, 2024

As at November 30, 2024

As at July 31, 2024

Period
Loading...
Loading...

Legend

BMO Equal Weight Banks Index ETF

Compare Options


Fund Returns

Inception Return (October 20, 2009): 11.25%

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 5.48% 12.74% 20.87% 26.02% 39.76% 14.48% 9.68% 15.69% 11.92% 11.81% 9.91% 11.00% 11.87% 9.89%
Benchmark 6.63% 11.31% 19.94% 33.55% 38.40% 21.74% 14.13% 15.74% 10.92% 11.06% 9.30% 10.55% 9.90% 10.14%
Category Average 7.57% 20.96% 20.96% 30.90% 39.99% 16.81% 9.92% 14.27% 10.64% 10.78% 8.89% 10.10% 9.68% 9.35%
Category Rank 54 / 76 42 / 76 33 / 76 43 / 75 30 / 75 38 / 65 29 / 56 20 / 56 15 / 51 18 / 49 18 / 45 17 / 40 12 / 33 22 / 33
Quartile Ranking 3 3 2 3 2 3 3 2 2 2 2 2 2 3

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 10.90% -1.84% 1.75% 5.88% -4.05% 2.76% -3.44% 6.71% 4.06% 6.07% 0.76% 5.48%
Benchmark 3.63% 1.30% 4.53% 3.76% -1.77% 3.17% -0.07% 6.67% 1.09% 2.08% 2.26% 6.63%

Best Monthly Return Since Inception

14.28% (November 2020)

Worst Monthly Return Since Inception

-17.84% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 13.79% -5.96% 30.76% 14.30% -8.85% 16.05% 3.63% 39.26% -10.38% 10.85%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 1 4 1 2 3 4 2 1 2 3
Category Rank 1/ 30 33/ 33 1/ 33 19/ 41 27/ 45 38/ 49 13/ 51 6/ 56 23/ 56 36/ 65

Best Calendar Return (Last 10 years)

39.26% (2021)

Worst Calendar Return (Last 10 years)

-10.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 99.69
Cash and Equivalents 0.31

Sector Allocation

Sector Allocation
Name Percent
Financial Services 99.69
Cash and Cash Equivalent 0.31

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Bank of Montreal 17.77
Bank of Nova Scotia 17.47
National Bank of Canada 16.87
Canadian Imperial Bank of Commerce 16.85
Royal Bank of Canada 16.23
Toronto-Dominion Bank 14.50
CANADIAN DOLLAR 0.31

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Equal Weight Banks Index ETF

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 17.98% 19.18% 16.51%
Beta 1.07% 1.03% 0.87%
Alpha -0.04% 0.01% 0.02%
Rsquared 0.68% 0.73% 0.53%
Sharpe 0.41% 0.57% 0.56%
Sortino 0.68% 0.80% 0.72%
Treynor 0.07% 0.11% 0.11%
Tax Efficiency 82.06% 85.67% 84.58%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.58% 17.98% 19.18% 16.51%
Beta 1.24% 1.07% 1.03% 0.87%
Alpha -0.06% -0.04% 0.01% 0.02%
Rsquared 0.48% 0.68% 0.73% 0.53%
Sharpe 1.96% 0.41% 0.57% 0.56%
Sortino 5.30% 0.68% 0.80% 0.72%
Treynor 0.25% 0.07% 0.11% 0.11%
Tax Efficiency 94.69% 82.06% 85.67% 84.58%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 20, 2009
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $4,429
52 Week High $43.24
52 Week Low $33.68
Annual Dividend $1.68
Annual Yield -
Index Solactive Equal Weight Canada Banks 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

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks Index (the “Index”). The Index includes Canadian exchange listed securities in the diversified bank industry. Constituents are subject to minimum market capitalization and liquidity screens.

Investment Strategy

ZEB invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for BMO S&P/TSX Equal Weight Banks Index ETF.

Portfolio Manager(s)

Name Start Date
BMO Asset Management Inc. 10-20-2009

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian -
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.28%
Management Fee 0.25%

Join Fund Library now and get free access to personalized features to help you manage your investments.