Key stats
About HAMILTON CDN BK MEAN RVSON IDX ETF UNIT
Expense ratio
0.56%
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Inception date
Jun 26, 2020
The fund tracks an index of six major Canadian banks. What sets this fund apart from its competitors is its use of a variable-weight, mean reversion trading strategy. To employ this strategy, the fund starts by capturing the top six Canadian banks listed on recognized Canadian exchanges by market capitalization. These six banks are then weighted so that 80% of the portfolio is equally invested among the three banks that have underperformed, and 20% is invested among the three banks which have outperformed. Performance is measured based on the percent difference between each banks stock price and its 50-day average price. This process is repeated monthly at each rebalance date.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.48%
Finance99.47%
Bonds, Cash & Other0.52%
Cash0.53%
Miscellaneous−0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history