Mackenzie Core Plus Global Fixed Income ETF (MGB.TO)

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Mackenzie Core Plus Global Fixed Income ETF (MGB.TO) is down 0.0% since the beginning of the year. MGB.TO is currently trading at CA$16 per share. Investors who bought CA$1,000 worth of MGB.TO shares 5 years ago would now be looking at an investment worth CA$1,002.

Mackenzie Core Plus Global Fixed Income ETF (MGB.TO) has returned -0.02% so far this year and 3.95% over the past 12 months. Over the last ten years, MGB.TO has returned 1.30% per year, falling short of the S&P 500 Index benchmark, which averaged 14.32% annually.

Based on dividend-adjusted daily data since Apr 22, 2016, MGB.TO's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.

Historically, 56% of months were positive and 44% were negative. The best month was Jan 2023 with a return of +4.0%, while the worst month was Mar 2022 at -3.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MGB.TO closed higher 44% of trading days. The best single day was Mar 27, 2020 with a return of +5.5%, while the worst single day was Mar 17, 2020 at -7.1%.

Mackenzie Core Plus Global Fixed Income ETF has an annualized alpha of 1.63%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 22, 2016.

• This ETF participated in 19.25% of S&P 500 Index downside but only 11.00% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MGB.TO ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Mackenzie Core Plus Global Fixed Income ETF provided a 3.67% dividend yield over the last twelve months, with an annual payout of CA$0.58 per share.

The table displays the monthly dividend distributions for Mackenzie Core Plus Global Fixed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Mackenzie Core Plus Global Fixed Income ETF. 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 Mackenzie Core Plus Global Fixed Income ETF was 17.54%, occurring on Oct 20, 2022. Recovery took 841 trading sessions.

The current Mackenzie Core Plus Global Fixed Income ETF drawdown is 1.96%.

The chart below shows the rolling one-month volatility.