VDY-CA
Vanguard FTSE Canadian High Dividend Yield Index ETF
The investment objective of Vanguard FTSE Canadian High Dividend Yield Index ETF (the ETF) is to track, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Canada High Dividend Yield Index
Rules-Based, Concentrated
MANAGEMENT MATRIX
TSX
PRIMARY EXCHANGE
C$
44.89
May 16, 2024
Fund Basics
| Fund sponsor | Vanguard |
| Category | Canadian Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2012 |
| Assets (mns) | $2,511 |
| Expense ratio | 23 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Monthly |
| Taxation | |
| Stock selection | Dividends |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 14.0 % |
| TORONTO-DOMINION BANK | 11.2 % |
| CANADIAN NATURAL RESOURCES | 7.6 % |
| ENBRIDGE INC | 7.4 % |
| BANK OF MONTREAL | 6.7 % |
| BANK OF NOVA SCOTIA | 6.0 % |
| SUNCOR ENERGY INC | 4.6 % |
| MANULIFE FINANCIAL CORP | 4.4 % |
| CAN IMPERIAL BK OF COMMERCE | 4.4 % |
| TRANSCANADA CORP | 4.2 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 648 |
| Wgt avg mkt cap (mns) | $64,560 |
| Large cap (>$10bn) | 90.9% |
| Mid cap ($2-10bn) | 7.9% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
|
CANADA | 99.6 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -2.1% | 0.3% | -0.1% | 7.0% | 8.2% | 7.0% | 8.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.53 | 48% |
| MSCI EAFE | 0.60 | 57% |
| MSCI Emg Mkts | 0.43 | 32% |
Liquidity Measures
| Avg. volume (000) | 113 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $3,988 |
Technical Indicators
| Recent close | $44.89 |
| 30d moving avg. | $40.70 |
| Annualized volatility | 13.6% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VDY-CA |
Expenses vs. VDY-CA |
ALTAR Score™ vs. VDY-CA |
|---|---|---|---|---|
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 66.7% | +1 bp | -0.2% |
| XFN-CA | iShares S&P/TSX Capped Financials Index ETF | 55.6% | +38 bp | +0.9% |
| XDV-CA | iShares Canadian Select Dividend Index ETF | 52.5% | +33 bp | +1.8% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 51.6% | -17 bp | -1.0% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 45.2% | -18 bp | -1.1% |
| ZEB-CA | BMO S&P/TSX Equal Weight Banks Index ETF | 44.9% | +5 bp | +0.9% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 43.8% | -5 bp | -1.1% |
| XESG-CA | iShares ESG Aware MSCI Canada Index ETF | 43.7% | -6 bp | -1.1% |
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 43.3% | -17 bp | -1.2% |
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 43.3% | -17 bp | -1.1% |
Risk and Returns: VDY-CA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/16/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VDY-CA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VDY-CA
8.1%
Cat. Avg
7.4%
Fund Category: Canadian Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.1% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 19 funds in the Canadian Equities category, with an average ALTAR Score™
of 7.4% and a standard deviation of
1.2%. VDY-CA's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places VDY-CA in the 72nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VDY-CA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown