BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB.TO)

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BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB.TO) is up 10.0% since the beginning of the year. ZUB.TO is currently trading at CA$41 per share. Investors who bought CA$1,000 worth of ZUB.TO shares 5 years ago would now be looking at an investment worth CA$1,391.

BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB.TO) has returned 9.98% so far this year and 26.03% over the past 12 months. Over the last ten years, ZUB.TO has returned 11.27% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since May 26, 2010, ZUB.TO's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2016 with a return of +18.4%, while the worst month was Mar 2020 at -30.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ZUB.TO closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +14.6%, while the worst single day was Mar 16, 2020 at -15.8%.

BMO Equal Weight US Banks Hedged to CAD Index ETF has an annualized alpha of -2.98%, beta of 1.00, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since May 26, 2010.

• This ETF participated in 125.77% of S&P 500 Index downside but only 93.05% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

ZUB.TO ranks 37 for risk / return — below 37% 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.

BMO Equal Weight US Banks Hedged to CAD Index ETF provided a 1.78% dividend yield over the last twelve months, with an annual payout of CA$0.73 per share. The fund has been increasing its distributions for 8 consecutive years.

The table displays the monthly dividend distributions for BMO Equal Weight US Banks Hedged to CAD 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 Hedged to CAD 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 Hedged to CAD Index ETF was 55.05%, occurring on Mar 23, 2020. Recovery took 226 trading sessions.

The current BMO Equal Weight US Banks Hedged to CAD Index ETF drawdown is 0.87%.

The chart below shows the rolling one-month volatility.