(ZEB) BMO S&P/TSX Equal Weight - Ratings and Ratios
Exchange: TO • Country: Canada • Currency: CAD • Type: Etf • ISIN: CA0556851016 • Financial Services Equity
ZEB: Banks, Financial, Services, Investments, Stocks, Canadian
ZEB is a Canadian exchange-traded fund (ETF) designed to track the performance of the S&P/TSX Equal Weight Banks Index. Its managed by BMO Financial Group, a well-established Canadian financial institution. The fund focuses specifically on the Canadian banking sector, offering exposure to a basket of major Canadian banks. Unlike market-cap-weighted indices, ZEB employs an equal-weighting approach, which means each constituent bank has a roughly equal influence on the funds performance. This can be appealing for investors seeking more balanced exposure to the sector, rather than being overly concentrated in the largest banks.
The ETF has a significant assets under management (AUM) of CAD 4642.51M, indicating strong investor interest and liquidity. Its expense ratio is competitive, making it a cost-effective way to gain exposure to Canadas banking sector. The funds underlying index, the Morningstar Global Financial Services GR CAD, is designed to capture the growth of financial services companies in Canada, with a focus on banks. ZEB trades on the Toronto Stock Exchange (TSX) under the ticker symbol ZEB, making it easily accessible to Canadian investors and international investors with access to the TSX.
For investors and fund managers, ZEB offers a targeted way to gain exposure to Canadas stable banking sector, which is known for its resilience and strong regulatory framework. The equal-weighting approach can be particularly advantageous during periods when smaller banks outperform their larger counterparts. However, its important to note that the funds performance is closely tied to the health of the Canadian economy and the financial sector, which can be influenced by interest rate changes, regulatory policies, and broader economic conditions. As with any sector-specific ETF, its crucial to consider how it fits into the overall diversification of a portfolio.
Additional Sources for ZEB ETF
ZEB ETF Overview
Market Cap in USD | 3,771m |
Category | Financial Services Equity |
IPO / Inception | 2009-10-20 |
ZEB ETF Ratings
Growth Rating | 77.8 |
Fundamental | - |
Dividend Rating | 78.6 |
Rel. Strength | -1.38 |
Analysts | - |
Fair Price Momentum | 41.46 CAD |
Fair Price DCF | - |
ZEB Dividends
Dividend Yield 12m | 4.22% |
Yield on Cost 5y | 9.32% |
Annual Growth 5y | 6.96% |
Payout Consistency | 93.8% |
ZEB Growth Ratios
Growth Correlation 3m | -87% |
Growth Correlation 12m | 75.7% |
Growth Correlation 5y | 75.3% |
CAGR 5y | 17.36% |
CAGR/Max DD 5y | 0.67 |
Sharpe Ratio 12m | 1.49 |
Alpha | 11.63 |
Beta | 0.334 |
Volatility | 24.53% |
Current Volume | 2628.3k |
Average Volume 20d | 2730.3k |
As of April 25, 2025, the stock is trading at CAD 40.03 with a total of 2,628,273 shares traded.
Over the past week, the price has changed by +2.25%, over one month by -1.23%, over three months by -5.64% and over the past year by +16.20%.
Yes. Based on ValueRay Analyses, BMO S&P/TSX Equal Weight (TO:ZEB) is currently (April 2025) a good stock to buy. It has a ValueRay Growth Rating of 77.83 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of ZEB as of April 2025 is 41.46. This means that ZEB is currently overvalued and has a potential downside of 3.57%.
BMO S&P/TSX Equal Weight has no consensus analysts rating.
According to ValueRays Forecast Model, ZEB BMO S&P/TSX Equal Weight will be worth about 45 in April 2026. The stock is currently trading at 40.03. This means that the stock has a potential upside of +12.34%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 45 | 12.3% |