CI Morningstar National Bank Québec Index ETF (QXM.TO)

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CI Morningstar National Bank Québec Index ETF (QXM.TO) is up 6.0% since the beginning of the year. QXM.TO is currently trading at CA$40 per share. Investors who bought CA$1,000 worth of QXM.TO shares 5 years ago would now be looking at an investment worth CA$1,662.

CI Morningstar National Bank Québec Index ETF (QXM.TO) has returned 6.00% so far this year and 24.00% over the past 12 months. Over the last ten years, QXM.TO has returned 10.71% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since Feb 6, 2012, QXM.TO's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Mar 2020 at -19.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, QXM.TO closed higher 44% of trading days. The best single day was Mar 24, 2020 with a return of +11.5%, while the worst single day was Mar 12, 2020 at -12.2%.

CI Morningstar National Bank Québec Index ETF has an annualized alpha of 5.45%, beta of 0.40, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 06, 2012.

• This ETF participated in 71.72% of S&P 500 Index downside but only 68.51% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.40 may look defensive, but with R2 of 0.25 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 0.25 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.

QXM.TO ranks 65 for risk / return — better than 65% 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.

CI Morningstar National Bank Québec Index ETF provided a 1.01% dividend yield over the last twelve months, with an annual payout of CA$0.41 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for CI Morningstar National Bank Québec 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 CI Morningstar National Bank Québec 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 CI Morningstar National Bank Québec Index ETF was 40.65%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.

The current CI Morningstar National Bank Québec Index ETF drawdown is 1.03%.

The chart below shows the rolling one-month volatility.