BMO Equal Weight US Banks Index ETF (ZBK.TO)

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BMO Equal Weight US Banks Index ETF (ZBK.TO) is up 14.9% since the beginning of the year. ZBK.TO is currently trading at CA$48 per share. Investors who bought CA$1,000 worth of ZBK.TO shares 5 years ago would now be looking at an investment worth CA$1,703.

BMO Equal Weight US Banks Index ETF (ZBK.TO) has returned 14.86% so far this year and 33.93% over the past 12 months. Over the last ten years, ZBK.TO has had an annualized return of 14.14%, just under the S&P 500 Index benchmark’s 14.61%.

Based on dividend-adjusted daily data since Feb 14, 2014, ZBK.TO's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2016 with a return of +18.6%, while the worst month was Mar 2023 at -28.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ZBK.TO closed higher 51% of trading days. The best single day was Nov 9, 2020 with a return of +12.5%, while the worst single day was Mar 13, 2023 at -16.2%.

BMO Equal Weight US Banks Index ETF has an annualized alpha of 2.35%, beta of 0.89, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since February 14, 2014.

• This ETF participated in 98.92% of S&P 500 Index downside but only 92.85% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

ZBK.TO ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

BMO Equal Weight US Banks Index ETF provided a 1.66% dividend yield over the last twelve months, with an annual payout of CA$0.80 per share. The fund has been increasing its distributions for 11 consecutive years.

The table displays the monthly dividend distributions for BMO Equal Weight US Banks 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 BMO Equal Weight US Banks 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 BMO Equal Weight US Banks Index ETF was 48.80%, occurring on May 4, 2023. Recovery took 379 trading sessions.

The current BMO Equal Weight US Banks Index ETF drawdown is 0.91%.

The chart below shows the rolling one-month volatility.