Mackenzie Canadian Short-Term Bond Index ETF (QSB.TO)

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Mackenzie Canadian Short-Term Bond Index ETF (QSB.TO) is up 1.2% since the beginning of the year. QSB.TO is currently trading at CA$100 per share. Investors who bought CA$1,000 worth of QSB.TO shares 5 years ago would now be looking at an investment worth CA$1,114.

Mackenzie Canadian Short-Term Bond Index ETF (QSB.TO) has returned 1.16% so far this year and 3.22% over the past 12 months.

Based on dividend-adjusted daily data since Jan 29, 2018, QSB.TO's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +1.8%, while the worst month was Aug 2022 at -1.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, QSB.TO closed higher 29% of trading days. The best single day was Mar 27, 2020 with a return of +1.7%, while the worst single day was Mar 19, 2020 at -2.1%.

Mackenzie Canadian Short-Term Bond Index ETF has an annualized alpha of 2.10%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 29, 2018.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (7.80%) than losses (3.22%) - typical of diversified or defensive assets.
• Beta of 0.00 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.

QSB.TO ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Mackenzie Canadian Short-Term Bond Index ETF provided a 2.83% dividend yield over the last twelve months, with an annual payout of CA$2.82 per share.

The table displays the monthly dividend distributions for Mackenzie Canadian Short-Term Bond Index 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 Canadian Short-Term Bond Index 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 Canadian Short-Term Bond Index ETF was 6.73%, occurring on Oct 20, 2022. Recovery took 298 trading sessions.

The current Mackenzie Canadian Short-Term Bond Index ETF drawdown is 0.37%.

The chart below shows the rolling one-month volatility.