XESG-CA
iShares ESG Aware MSCI Canada Index ETF
XESG seeks to provide long-term capital growth by replicating, to the extent possible, the performance, net of expenses, of an ESG-oriented Index selected at the discretion of BlackRock Canada.
Rules-Based, Semi-Diverse
MANAGEMENT MATRIX
TSX
PRIMARY EXCHANGE
C$
27.02
May 16, 2024
Fund Basics
| Fund sponsor | Blackrock |
| Category | Canadian Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 18, 2019 |
| Assets (mns) | $381 |
| Expense ratio | 17 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 6.8 % |
| TORONTO-DOMINION BANK | 5.2 % |
| BANK OF NOVA SCOTIA | 4.7 % |
| SHOPIFY, INC. CLASS A | 4.4 % |
| CANADIAN NATL RAILWAY CO | 4.4 % |
| ENBRIDGE INC | 3.7 % |
| NATIONAL BANK OF CANADA | 3.4 % |
| SUN LIFE FINANCIAL INC | 3.0 % |
| CANADIAN PACIFIC RAILWAY LTD | 2.7 % |
| CANADIAN NATURAL RESOURCES | 2.6 % |
Constituent Breakdown
| Number of holdings | 118 |
| Herfindahl-Hirschman Index | 252 |
| Wgt avg mkt cap (mns) | $48,185 |
| Large cap (>$10bn) | 76.6% |
| Mid cap ($2-10bn) | 19.3% |
| Small cap (<$2bn) | 4.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
|
CANADA | 97.5 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.5% | 3.7% | 1.8% | 5.0% | 7.0% | -- | 7.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 78% |
| MSCI EAFE | 0.67 | 77% |
| MSCI Emg Mkts | 0.49 | 43% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $5,839 |
Technical Indicators
| Recent close | $27.02 |
| 30d moving avg. | $24.45 |
| Annualized volatility | 13.1% |
| Relative strength (RSI) | 60 |
| 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. XESG-CA |
Expenses vs. XESG-CA |
ALTAR Score™ vs. XESG-CA |
|---|---|---|---|---|
| TTP-CA | TD Canadian Equity Index ETF | 69.4% | -11 bp | 0.0% |
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 69.4% | -11 bp | 0.0% |
| QCN-CA | Mackenzie Canadian Equity Index ETF | 67.5% | -12 bp | 0.0% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 67.3% | -12 bp | 0.0% |
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 65.3% | -11 bp | -0.1% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 62.8% | -11 bp | +0.1% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 52.4% | +1 bp | 0.0% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 44.7% | +1 bp | -0.2% |
| VDY-CA | Vanguard FTSE Canadian High Dividend Yield Index ETF | 43.7% | +6 bp | +1.1% |
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 41.7% | +7 bp | +0.9% |
Risk and Returns: XESG-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
XESG-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™
XESG-CA
7.0%
Cat. Avg
7.4%
Fund Category: Canadian Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.0% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-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%. XESG-CA's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XESG-CA in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XESG-CA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown