XEI-CA
iShares S&P/TSX Composite High Dividend Index ETF
XEI seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Composite High Dividend Index, net of expenses. Under normal market conditions, XEI will primarily invest in Canadian equity securities.
Rules-Based, Semi-Diverse
MANAGEMENT MATRIX
TSX
PRIMARY EXCHANGE
C$
25.83
May 16, 2024
Fund Basics
| Fund sponsor | Blackrock |
| Category | Canadian Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 06, 2011 |
| Assets (mns) | $1,656 |
| Expense ratio | 24 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
| CANADIAN NATURAL RESOURCES | 5.5 % |
| SUNCOR ENERGY INC | 5.5 % |
| ROYAL BANK OF CANADA | 5.1 % |
| TRANSCANADA CORP | 5.0 % |
| TORONTO-DOMINION BANK | 4.9 % |
| ENBRIDGE INC | 4.8 % |
| BANK OF MONTREAL | 4.6 % |
| TELUS CORPORATION | 4.5 % |
| BCE INC. | 4.4 % |
| FORTIS INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 320 |
| Wgt avg mkt cap (mns) | $39,861 |
| Large cap (>$10bn) | 70.9% |
| Mid cap ($2-10bn) | 23.0% |
| Small cap (<$2bn) | 6.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
|
CANADA | 95.2 % |
 |
BERMUDA | 1.1 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -2.9% | -3.4% | -2.4% | 6.3% | 7.0% | 5.6% | 6.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.52 | 50% |
| MSCI EAFE | 0.59 | 59% |
| MSCI Emg Mkts | 0.42 | 32% |
Liquidity Measures
| Avg. volume (000) | 77 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $3,977 |
Technical Indicators
| Recent close | $25.83 |
| 30d moving avg. | $23.93 |
| Annualized volatility | 13.1% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 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. XEI-CA |
Expenses vs. XEI-CA |
ALTAR Score™ vs. XEI-CA |
|---|---|---|---|---|
| VDY-CA | Vanguard FTSE Canadian High Dividend Yield Index ETF | 66.7% | -1 bp | +0.2% |
| XDV-CA | iShares Canadian Select Dividend Index ETF | 51.3% | +32 bp | +2.0% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 46.3% | -18 bp | -0.8% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 43.6% | -19 bp | -0.9% |
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 43.5% | -18 bp | -1.0% |
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 43.5% | -18 bp | -0.9% |
| QCN-CA | Mackenzie Canadian Equity Index ETF | 43.0% | -19 bp | -0.9% |
| TTP-CA | TD Canadian Equity Index ETF | 42.9% | -18 bp | -0.9% |
| XESG-CA | iShares ESG Aware MSCI Canada Index ETF | 41.7% | -7 bp | -0.9% |
| CDZ-CA | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 37.3% | +45 bp | +0.8% |
Risk and Returns: XEI-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
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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
XEI-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™
XEI-CA
7.9%
Cat. Avg
7.4%
Fund Category: Canadian Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.9% |
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%. XEI-CA's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places XEI-CA in the 65th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XEI-CA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown