XAD.TO
iShares U.S. Aerospace & Defense Index ETF
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 63.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Sep 06, 2023 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BERKSHIRE HATHAWAY INC-CL B | 12.2 % |
| JPMORGAN CHASE & CO | 11.0 % |
| VISA INC. CLASS A | 7.5 % |
| MASTERCARD INCORPORATED CLASS A | 5.5 % |
| BANK OF AMERICA CORP | 4.5 % |
| GOLDMAN SACHS GROUP INC | 3.9 % |
| MORGAN STANLEY | 3.2 % |
| WELLS FARGO & CO | 3.1 % |
| CITIGROUP INC | 3.0 % |
| AMERICAN EXPRESS CO | 2.3 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 470 |
| Wgt avg mkt cap (mns) | $400,283 |
| Large cap (>$10bn) | 98.8% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.2 % |
 |
SWITZERLAND | 1.6 % |
 |
IRELAND | 0.9 % |
 |
BERMUDA | 0.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.2% | 33.3% | 33.1% | -- | -- | -- | -- | 34.1% |
| Dividend Yield | 0.0% | 0.5% | 0.6% | -- | -- | -- | -- | 0.5% |
| Total Returns | 10.2% | 33.8% | 33.6% | -- | -- | -- | -- | 34.6% | Ann. Volatility | 25.2% | 20.7% | 22.4% | -- | -- | -- | -- | 21.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 28% |
| MSCI EAFE | 0.69 | 25% |
| MSCI Emg Mkts | 0.47 | 20% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $100.28 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 1.20/0.30 |
| Bollinger Bands (Upper/Lower) | $105.35/$93.41 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XAD.TO |
Expenses vs. XAD.TO |
ALTAR Score™ vs. XAD.TO |
|---|---|---|---|---|
| XUSF.TO | iShares S&P U.S. Financials Index ETF | 99.4% | -14 bp | +0.3% |
| FMAX.TO | Hamilton U.S. Financials YIELD MAXIMIZER TM ETF | 56.0% | -39 bp | -5.9% |
| BFIN.TO | Brompton North American Financials Dividend ETF | 35.0% | +36 bp | +0.3% |
| HUBL.TO | Harvest US Bank Leaders Income ETF | 29.5% | +36 bp | +1.4% |
| UBNK.TO | Global X Equal Weight U.S. Banks Index ETF | 28.7% | -14 bp | +0.3% |
| ZBK.TO | BMO Equal Weight US Banks Index ETF | 25.0% | -4 bp | +2.0% |
| JAVA.TO | JPMorgan US Value Active ETF | 18.9% | +5 bp | +0.0% |
| VUDV.TO | Vanguard U.S. High Dividend Yield Index ETF | 17.4% | -11 bp | +0.4% |
| LEAD.TO | Evolve Future Leadership Fund | 17.1% | +36 bp | -2.5% |
| UDEF.TO | Manulife Smart U.S. Defensive Equity ETF | 16.7% | -6 bp | -0.3% |
Risk and Returns: XAD.TO 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 (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/10/2026
Peer Group Comparison
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ETF Research Center Rating
5.9%
ALTAR SCORE™
61st
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,401 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. XAD.TO's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places XAD.TO in the 61st percentile
among funds in the category.
Sell-Side Consensus
$119.8
PRICE TARGET
+15.8%
UPSIDE