Canadian Income
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ALA.TO AltaGas Ltd. | Utilities | 6.64% |
ARX.TO ARC Resources Ltd. | Energy | 6.64% |
BAM.TO Brookfield Asset Management Ltd | Financial Services | 6.64% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | Utilities | 6.64% |
BMO.TO Bank of Montreal | Financial Services | 6% |
BN.TO Brookfield Corporation | Financial Services | 6.64% |
BNS.TO The Bank of Nova Scotia | Financial Services | 6.64% |
CM.TO Canadian Imperial Bank of Commerce | Financial Services | 6.64% |
CPX.TO Capital Power Corporation | Utilities | 6.64% |
EIF.TO Exchange Income Corporation | Industrials | 6.64% |
NA.TO National Bank of Canada | Financial Services | 7% |
PPL.TO Pembina Pipeline Corporation | Energy | 6.64% |
RY.TO Royal Bank of Canada | Financial Services | 8% |
TD.TO The Toronto-Dominion Bank | Financial Services | 6% |
TPZ.TO Topaz Energy Corp. | Energy | 6.64% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Canadian Income, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Dec 1, 2022, corresponding to the inception date of BAM.TO
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.10% | -6.70% | -9.63% | 5.53% | 13.63% | 9.61% |
| Canadian Income | -2.53% | 1.54% | -1.96% | 20.29% | N/A | N/A |
| Portfolio components: | ||||||
RY.TO Royal Bank of Canada | -1.25% | 3.93% | -4.09% | 23.32% | 19.12% | 11.57% |
NA.TO National Bank of Canada | -6.25% | 3.19% | -9.20% | 8.07% | 22.55% | 13.83% |
TD.TO The Toronto-Dominion Bank | 19.57% | 5.59% | 11.06% | 11.37% | 14.69% | 8.80% |
BMO.TO Bank of Montreal | -1.89% | -2.58% | 3.53% | 6.25% | 20.22% | 9.87% |
CM.TO Canadian Imperial Bank of Commerce | -4.26% | 6.70% | -2.12% | 31.51% | 22.77% | 8.60% |
PPL.TO Pembina Pipeline Corporation | 4.96% | -3.46% | -8.26% | 16.47% | 23.99% | 9.57% |
EIF.TO Exchange Income Corporation | -11.56% | 1.46% | -9.79% | 12.01% | 22.27% | 15.08% |
TPZ.TO Topaz Energy Corp. | -10.94% | 0.56% | -10.79% | 9.91% | N/A | N/A |
BIP-UN.TO Brookfield Infrastructure Partners L.P | -8.01% | 0.38% | -17.23% | 9.18% | 7.10% | 8.56% |
ARX.TO ARC Resources Ltd. | 8.98% | 0.98% | 17.86% | 10.93% | 41.10% | 5.24% |
ALA.TO AltaGas Ltd. | 24.39% | 6.99% | 13.43% | 36.66% | 27.57% | 5.02% |
BAM.TO Brookfield Asset Management Ltd | -8.53% | 0.00% | -1.63% | 28.68% | N/A | N/A |
BNS.TO The Bank of Nova Scotia | -7.46% | 2.05% | -5.60% | 8.86% | 12.24% | 5.84% |
CPX.TO Capital Power Corporation | -21.22% | 2.27% | -5.64% | 39.35% | 19.10% | 13.76% |
BN.TO Brookfield Corporation | -12.82% | -6.59% | -7.77% | 26.86% | 14.37% | 11.51% |
Monthly Returns
The table below presents the monthly returns of Canadian Income, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -1.00% | -0.97% | -1.96% | 1.41% | -2.53% | ||||||||
| 2024 | -1.19% | 1.60% | 5.51% | -5.03% | 4.72% | -1.90% | 7.38% | 4.88% | 5.00% | 0.52% | 5.89% | -3.83% | 25.11% |
| 2023 | 7.88% | -5.33% | -1.30% | 2.61% | -3.29% | 5.83% | 3.78% | -4.83% | -2.84% | -7.26% | 10.15% | 9.73% | 13.85% |
| 2022 | -5.24% | -5.24% |
Expense Ratio
Canadian Income has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, Canadian Income is among the top 13% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
RY.TO Royal Bank of Canada | 1.33 | 1.94 | 1.25 | 1.71 | 4.98 |
NA.TO National Bank of Canada | 0.47 | 0.78 | 1.11 | 0.41 | 1.17 |
TD.TO The Toronto-Dominion Bank | 0.62 | 0.91 | 1.14 | 0.62 | 1.47 |
BMO.TO Bank of Montreal | 0.32 | 0.55 | 1.08 | 0.44 | 0.95 |
CM.TO Canadian Imperial Bank of Commerce | 1.56 | 2.36 | 1.30 | 1.83 | 5.13 |
PPL.TO Pembina Pipeline Corporation | 0.88 | 1.25 | 1.18 | 1.02 | 2.26 |
EIF.TO Exchange Income Corporation | 0.56 | 0.96 | 1.12 | 0.64 | 1.77 |
TPZ.TO Topaz Energy Corp. | 0.38 | 0.70 | 1.09 | 0.38 | 1.06 |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 0.39 | 0.75 | 1.09 | 0.47 | 1.26 |
ARX.TO ARC Resources Ltd. | 0.33 | 0.70 | 1.08 | 0.56 | 1.48 |
ALA.TO AltaGas Ltd. | 1.97 | 2.52 | 1.36 | 2.72 | 7.49 |
BAM.TO Brookfield Asset Management Ltd | 0.93 | 1.40 | 1.19 | 1.04 | 3.45 |
BNS.TO The Bank of Nova Scotia | 0.55 | 0.86 | 1.11 | 0.50 | 1.35 |
CPX.TO Capital Power Corporation | 1.15 | 1.54 | 1.25 | 1.13 | 2.85 |
BN.TO Brookfield Corporation | 0.84 | 1.30 | 1.18 | 1.04 | 3.63 |
Dividends
Dividend yield
Canadian Income provided a 4.39% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.39% | 4.11% | 5.02% | 5.77% | 4.03% | 4.55% | 3.13% | 4.24% | 3.07% | 2.89% | 3.80% | 2.88% |
| Portfolio components: | ||||||||||||
RY.TO Royal Bank of Canada | 3.50% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% | 3.54% |
NA.TO National Bank of Canada | 3.83% | 4.17% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% | 3.88% |
TD.TO The Toronto-Dominion Bank | 4.84% | 5.33% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% | 2.54% |
BMO.TO Bank of Montreal | 4.77% | 4.39% | 4.42% | 5.32% | 3.74% | 5.20% | 4.03% | 4.24% | 3.54% | 3.84% | 4.15% | 4.16% |
CM.TO Canadian Imperial Bank of Commerce | 4.53% | 4.04% | 5.47% | 7.20% | 4.06% | 4.03% | 0.04% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% |
PPL.TO Pembina Pipeline Corporation | 6.68% | 7.10% | 7.94% | 6.98% | 10.89% | 13.89% | 4.90% | 5.53% | 4.48% | 4.52% | 5.97% | 4.06% |
EIF.TO Exchange Income Corporation | 5.35% | 4.49% | 5.63% | 4.58% | 5.41% | 6.22% | 4.99% | 7.71% | 5.89% | 4.79% | 6.37% | 7.28% |
TPZ.TO Topaz Energy Corp. | 5.58% | 4.67% | 6.30% | 5.21% | 4.76% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 8.00% | 6.65% | 6.76% | 5.80% | 4.14% | 4.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARX.TO ARC Resources Ltd. | 2.66% | 2.69% | 3.36% | 2.68% | 3.10% | 5.00% | 7.33% | 7.41% | 4.07% | 2.81% | 7.18% | 4.76% |
ALA.TO AltaGas Ltd. | 3.08% | 3.58% | 4.03% | 4.62% | 3.55% | 5.15% | 4.85% | 15.02% | 7.39% | 5.99% | 6.10% | 3.90% |
BAM.TO Brookfield Asset Management Ltd | 1.25% | 1.74% | 3.24% | 20.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNS.TO The Bank of Nova Scotia | 6.36% | 5.49% | 8.92% | 6.99% | 5.95% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% | 3.86% |
CPX.TO Capital Power Corporation | 5.40% | 3.98% | 6.32% | 4.87% | 5.37% | 5.67% | 5.39% | 6.51% | 6.59% | 6.50% | 7.93% | 5.04% |
BN.TO Brookfield Corporation | 0.35% | 0.39% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Canadian Income. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Canadian Income was 15.51%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Canadian Income drawdown is 8.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.51% | Dec 2, 2024 | 88 | Apr 8, 2025 | — | — | — |
| -15.44% | Aug 1, 2023 | 61 | Oct 27, 2023 | 34 | Dec 14, 2023 | 95 |
| -12.36% | Feb 15, 2023 | 20 | Mar 15, 2023 | 88 | Jul 19, 2023 | 108 |
| -7.74% | Dec 2, 2022 | 12 | Dec 19, 2022 | 17 | Jan 13, 2023 | 29 |
| -6.48% | Apr 1, 2024 | 12 | Apr 16, 2024 | 21 | May 15, 2024 | 33 |
Volatility
Volatility Chart
The current Canadian Income volatility is 11.64%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 15 assets, with an effective number of assets of 14.94, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| ARX.TO | CPX.TO | TPZ.TO | ALA.TO | EIF.TO | BAM.TO | BIP-UN.TO | NA.TO | PPL.TO | TD.TO | BN.TO | BNS.TO | CM.TO | BMO.TO | RY.TO | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARX.TO | 1.00 | 0.27 | 0.68 | 0.36 | 0.31 | 0.31 | 0.32 | 0.38 | 0.59 | 0.43 | 0.32 | 0.36 | 0.35 | 0.40 | 0.35 |
| CPX.TO | 0.27 | 1.00 | 0.29 | 0.44 | 0.38 | 0.37 | 0.49 | 0.39 | 0.43 | 0.39 | 0.43 | 0.48 | 0.45 | 0.44 | 0.43 |
| TPZ.TO | 0.68 | 0.29 | 1.00 | 0.38 | 0.38 | 0.37 | 0.35 | 0.40 | 0.58 | 0.43 | 0.39 | 0.39 | 0.41 | 0.43 | 0.41 |
| ALA.TO | 0.36 | 0.44 | 0.38 | 1.00 | 0.33 | 0.34 | 0.45 | 0.42 | 0.54 | 0.42 | 0.42 | 0.43 | 0.47 | 0.46 | 0.49 |
| EIF.TO | 0.31 | 0.38 | 0.38 | 0.33 | 1.00 | 0.48 | 0.44 | 0.46 | 0.40 | 0.50 | 0.51 | 0.54 | 0.50 | 0.51 | 0.51 |
| BAM.TO | 0.31 | 0.37 | 0.37 | 0.34 | 0.48 | 1.00 | 0.54 | 0.47 | 0.40 | 0.49 | 0.76 | 0.54 | 0.58 | 0.59 | 0.57 |
| BIP-UN.TO | 0.32 | 0.49 | 0.35 | 0.45 | 0.44 | 0.54 | 1.00 | 0.50 | 0.51 | 0.52 | 0.62 | 0.58 | 0.59 | 0.59 | 0.60 |
| NA.TO | 0.38 | 0.39 | 0.40 | 0.42 | 0.46 | 0.47 | 0.50 | 1.00 | 0.51 | 0.54 | 0.54 | 0.60 | 0.62 | 0.61 | 0.69 |
| PPL.TO | 0.59 | 0.43 | 0.58 | 0.54 | 0.40 | 0.40 | 0.51 | 0.51 | 1.00 | 0.53 | 0.50 | 0.54 | 0.52 | 0.55 | 0.57 |
| TD.TO | 0.43 | 0.39 | 0.43 | 0.42 | 0.50 | 0.49 | 0.52 | 0.54 | 0.53 | 1.00 | 0.57 | 0.64 | 0.61 | 0.65 | 0.63 |
| BN.TO | 0.32 | 0.43 | 0.39 | 0.42 | 0.51 | 0.76 | 0.62 | 0.54 | 0.50 | 0.57 | 1.00 | 0.61 | 0.63 | 0.66 | 0.63 |
| BNS.TO | 0.36 | 0.48 | 0.39 | 0.43 | 0.54 | 0.54 | 0.58 | 0.60 | 0.54 | 0.64 | 0.61 | 1.00 | 0.78 | 0.71 | 0.70 |
| CM.TO | 0.35 | 0.45 | 0.41 | 0.47 | 0.50 | 0.58 | 0.59 | 0.62 | 0.52 | 0.61 | 0.63 | 0.78 | 1.00 | 0.74 | 0.75 |
| BMO.TO | 0.40 | 0.44 | 0.43 | 0.46 | 0.51 | 0.59 | 0.59 | 0.61 | 0.55 | 0.65 | 0.66 | 0.71 | 0.74 | 1.00 | 0.73 |
| RY.TO | 0.35 | 0.43 | 0.41 | 0.49 | 0.51 | 0.57 | 0.60 | 0.69 | 0.57 | 0.63 | 0.63 | 0.70 | 0.75 | 0.73 | 1.00 |