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XHD

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1d
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Analysis and statistics

  • Open
    35.7618$
  • Previous Close
    35.5488$
  • 52 Week Change
    --
  • Day Range
    0.21$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

XHD.TO is the ticker symbol for the Horizons Equal Weight Canada Banks Index ETF, traded on the Toronto Stock Exchange (TSX). This ETF aims to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index, net of expenses. The index includes the six largest publicly traded Canadian banks and holds them in equal proportion, rebalancing quarterly. Investors use XHD.TO to gain diversified exposure to the Canadian banking sector through a single investment vehicle.

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Factors

Underlying Holdings Performance: The price of XHD.TO is primarily determined by the performance of the underlying Canadian dividend-paying stocks it holds.

Market Sentiment: Overall investor sentiment towards the Canadian stock market, particularly dividend stocks, affects demand and therefore the ETF's price.

Interest Rate Changes: Rising interest rates can make bonds more attractive, potentially decreasing demand for dividend ETFs like XHD.TO.

Dividend Yields: Changes in the dividend yields of the underlying stocks can impact the attractiveness and price of XHD.TO.

Currency Fluctuations: Fluctuations in the Canadian dollar relative to other currencies can impact the returns for international investors.

ETF Supply and Demand: The supply and demand for XHD.TO shares themselves influences its price, independent of the underlying assets, though usually correlated.

Sector Performance: The performance of the specific sectors represented within XHD.TO’s portfolio (e.g., financials, utilities) has a significant impact.

Economic Conditions: Overall economic health in Canada (GDP growth, inflation, unemployment) can affect corporate profitability and dividend payouts, thus affecting XHD.TO.

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