(TTP) TD Canadian Equity Index - Ratings and Ratios

The TD Canadian Equity Index ETF (TTP) is an exchange-traded fund that tracks the Morningstar Canada Gross Return CAD Index, providing broad exposure to the Canadian equity market. As a Canadian Equity ETF, it is designed to capture the performance of the overall Canadian stock market.

With Assets Under Management (AUM) of approximately $3.52 billion CAD, TTP has a significant presence in the Canadian ETF market. To evaluate its performance, key metrics to consider include its tracking error, expense ratio, and dividend yield. A low tracking error indicates that the ETF is effectively mirroring the performance of its underlying index. The expense ratio, which represents the funds operating expenses as a percentage of its AUM, is also crucial in assessing its cost efficiency.

To further analyze TTPs investment potential, its essential to examine its sector allocation, top holdings, and historical performance. The ETFs sector allocation can provide insights into its exposure to various industries, such as financials, energy, and technology. Its top holdings can reveal the funds concentration risk and potential vulnerability to specific stocks. By evaluating these KPIs, investors can make informed decisions about TTPs suitability for their investment portfolios.

From a performance perspective, TTPs returns can be compared to its benchmark index and peers to assess its relative performance. Additionally, metrics such as the Sharpe ratio, which measures risk-adjusted returns, can help investors understand the ETFs risk-return tradeoff. By deconstructing these fundamental truths, investors can gain a deeper understanding of TTPs investment proposition and make more informed decisions.