Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO)

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The chart shows the growth of an initial investment of CA$10,000 in Mackenzie US TIPS Index ETF (CAD-Hedged), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) has returned 0.29% so far this year and 1.29% over the past 12 months.

Based on dividend-adjusted daily data since Jan 24, 2018, QTIP.NEO's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, your investment would double in approximately 30.4 years.

Historically, 60% of months were positive and 40% were negative. The best month was Jul 2022 with a return of +4.4%, while the worst month was Sep 2022 at -6.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.

On a daily basis, QTIP.NEO closed higher 47% of trading days. The best single day was Mar 20, 2020 with a return of +3.8%, while the worst single day was Mar 17, 2020 at -5.3%.

Mackenzie US TIPS Index ETF (CAD-Hedged) has an annualized alpha of 1.96%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 25, 2018.

• This ETF participated in 24.68% of S&P 500 Index downside but only 16.88% of its upside — more exposed to losses than it benefited from rallies.
• 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.

QTIP.NEO has an expense ratio of 0.15%, which is considered low.

QTIP.NEO ranks 20 for risk / return — below 20% 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.

The table below present risk-adjusted performance metrics for Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) and compare them to a chosen benchmark (S&P 500 Index).

Mackenzie US TIPS Index ETF (CAD-Hedged) provided a 4.31% dividend yield over the last twelve months, with an annual payout of CA$3.58 per share.

The table displays the monthly dividend distributions for Mackenzie US TIPS Index ETF (CAD-Hedged). 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 US TIPS Index ETF (CAD-Hedged). 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 US TIPS Index ETF (CAD-Hedged) was 15.03%, occurring on Oct 6, 2023. The portfolio has not yet recovered.

The current Mackenzie US TIPS Index ETF (CAD-Hedged) drawdown is 4.64%.

The chart below shows the rolling one-month volatility.