(CNDX) Global X S&P/TSX 60 Index - Ratings and Ratios
Canadian Stocks, Large Cap Stocks, Diversified Portfolio
Description: CNDX Global X S&P/TSX 60 Index
The Global X S&P/TSX60 Index ETF (CNDX) is a Canadian Equity ETF that tracks the S&P/TSX 60 Index, providing investors with broad exposure to the Canadian equity markets largest and most liquid stocks. As a passively managed fund, its primary objective is to replicate the performance of the underlying index.
From a performance perspective, the ETF has demonstrated stability, with its current price hovering around its short-term moving averages. The funds liquidity is adequate, supported by its substantial Assets Under Management (AUM) of CAD 334.28 million. This size provides a stable platform for investors and helps minimize tracking errors.
Key Performance Indicators (KPIs) for CNDX include its tracking error, expense ratio, and dividend yield. While the exact tracking error is not provided, a well-established ETF like CNDX typically maintains a low tracking error. The expense ratio, though not specified, is expected to be competitive within the Canadian Equity ETF category. Investors should also consider the ETFs dividend yield, which is likely to be in line with the dividend yield of the S&P/TSX 60 Index, providing a relatively stable income stream.
In terms of investment strategy, CNDX is suitable for investors seeking broad Canadian equity exposure with a focus on large-cap stocks. It can be used as a core holding within a diversified portfolio, offering a low-cost and efficient way to gain access to the Canadian markets top companies. Investors should evaluate their individual financial goals, risk tolerance, and time horizon before investing in CNDX or any other ETF.
CNDX ETF Overview
| Market Cap in USD | 243m |
| Category | Canadian Equity |
| IPO / Inception | 2024-05-14 |
CNDX ETF Ratings
| Growth Rating | 50.3 |
| Fundamental | - |
| Dividend Rating | 23.6 |
| Rel. Strength | 3.84 |
| Analysts | - |
| Fair Price Momentum | 31.04 CAD |
| Fair Price DCF | - |
CNDX Dividends
| Dividend Yield 12m | 2.73% |
| Yield on Cost 5y | 3.33% |
| Annual Growth 5y | -13.72% |
| Payout Consistency | 100.0% |
| Payout Ratio | % |
CNDX Growth Ratios
| Growth Correlation 3m | 97.4% |
| Growth Correlation 12m | 82.6% |
| Growth Correlation 5y | 90.5% |
| CAGR 5y | 22.70% |
| CAGR/Max DD 5y | 1.81 |
| Sharpe Ratio 12m | 1.52 |
| Alpha | 12.94 |
| Beta | 0.508 |
| Volatility | 11.99% |
| Current Volume | 8.5k |
| Average Volume 20d | 19.1k |
| Stop Loss | 30.1 (-3.2%) |
What is the price of CNDX shares?
As of August 13, 2025, the stock is trading at CAD 31.09 with a total of 8,501 shares traded.Over the past week, the price has changed by +1.24%, over one month by +2.74%, over three months by +8.77% and over the past year by +26.80%.
Is Global X S&P/TSX 60 Index a good stock to buy?
Partly, yes. Based on ValueRay´s Analyses, Global X S&P/TSX 60 Index (TO:CNDX) is currently (August 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 50.27 and therefor an somewhat technical positive rating according to historical growth.Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNDX is around 31.04 CAD . This means that CNDX is currently overvalued and has a potential downside of -0.16%.
Is CNDX a buy, sell or hold?
Global X S&P/TSX 60 Index has no consensus analysts rating.What are the forecasts/targets for the CNDX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 34.4 | 10.7% |
CNDX Fundamental Data Overview
Market Cap CAD = 334.2m (334.2m CAD * 1.0 CAD.CAD)
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 CAD
Beta = 0.0
Revenue TTM = 0.0 CAD
EBIT TTM = 0.0 CAD
EBITDA TTM = 0.0 CAD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 334.2m CAD (334.2m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 334.2m)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 334.2m / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = unknown
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT none, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(334.2m)/V(0.0) * Re(7.89%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(none)))
Discount Rate = 7.89% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)