RQI:CA:TSX-RBC Target 2021 Corporate Bond Index ETF (CAD)

ETF | Canadian Corporate Fixed Income | TSX

Last Closing Price

CAD 19.40

Change

0.00 (0.00)%

Market Cap

CAD 0.02B

Volume

100.00

Average Target Price

N/A
Average Analyst Rating

N/A

Fundamental Analysis

Verdict

About

The Fund seeks to provide income for a limited period of time ending on its termination date by replicating, to the extent possible, the investment results that correspond generally to the performance, before fees and expenses, of the FTSE TMX Canada 2021 Maturity Corporate Bond Index*. The FTSE TMX Canada 2021 Maturity Corporate Bond Index is designed to represent the performance of a held-to-maturity portfolio consisting of, primarily, Canadian dollar-denominated investment grade corporate bonds with effective maturities in 2021.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Valuation Growth & Performance

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-06-20 )

Largest Industry Peers for Canadian Corporate Fixed Income

Symbol Name Mer Price(Change) Market Cap
XCB:CA iShares Canadian Corporate Bon.. 0.44 %

N/A

CAD1.56B
CACB:CA CIBC Active Investment Grade C.. 0.40 %

N/A

CAD1.06B
ZCM:CA BMO Mid Corporate Bond Index E.. 0.34 %

N/A

CAD1.05B
FIG:CA CI Investment Grade Bond ETF 0.76 %

N/A

CAD0.86B
HAB:CA Horizons Active Corporate Bond.. 0.59 %

N/A

CAD0.43B
XHB:CA iShares Canadian HYBrid Corpor.. 0.50 %

N/A

CAD0.42B
CBH:CA iShares 1-10 Year Laddered Cor.. 0.28 %

N/A

CAD0.41B
VCB:CA Vanguard Canadian Corporate Bo.. 0.19 %

N/A

CAD0.14B
FLCI:CA Franklin Liberty Canadian Inve.. 0.39 %

N/A

CAD0.10B
RQJ:CA RBC Target 2022 Corporate Bond.. 0.27 %

N/A

CAD0.08B

ETFs Containing RQI:CA

Symbol Name Weight Mer Price(Change) Market Cap
RLB:CA RBC 1-5 Year Laddered Can.. 0.00 % 0.25 %

N/A

CAD0.21B

Market Performance

  Market Performance vs.
Industry/Classification (Canadian Corporate Fixed Income)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -1.32% 71% C- 22% F
Dividend Return 1.04% 31% F 48% F
Total Return -0.28% 82% B- 23% F
Trailing 12 Months  
Capital Gain -2.07% 29% F 12% F
Dividend Return 2.50% 50% F 46% F
Total Return 0.43% 35% F 14% F
Trailing 5 Years  
Capital Gain -5.18% 13% F 27% F
Dividend Return 11.02% 13% F 38% F
Total Return 5.84% 13% F 27% F
Average Annual (5 Year Horizon)  
Capital Gain -1.01% 6% F 21% F
Dividend Return 2.12% 59% F 57% F
Total Return 1.10% 12% F 23% F
Risk Return Profile  
Volatility (Standard Deviation) 1.58% 100% A+ 98% A+
Risk Adjusted Return 69.62% 29% F 80% B-
Market Capitalization 0.02B 12% F 9% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.