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iShares Equal Weight Banc & Lifeco ETF
Financial Services Equity
Click for more information on Fundata’s FundGrade
FundGrade A
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade A
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FundGrade A+® Rating Recipient
2025, 2023
Click for more information on Fundata’s FundGrade
|
NAVPS (05-13-2026) |
$30.51 |
|---|---|
| Change |
-$0.23
(-0.73%)
|
As at April 30, 2026
As at April 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (February 06, 2008): 11.59%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 12.10% | 12.86% | 21.99% | 11.74% | 52.39% | 39.84% | 28.63% | 22.25% | 19.20% | 24.78% | 17.24% | 15.87% | 14.85% | 15.50% |
| Benchmark | 4.92% | 0.24% | 4.30% | 0.76% | 19.15% | 22.13% | 21.21% | 16.76% | 13.60% | 16.31% | 11.15% | 10.41% | 10.21% | 11.97% |
| Category Average | 8.09% | 4.95% | 12.13% | 4.62% | 34.30% | 27.29% | 23.04% | 16.29% | 12.73% | 18.24% | 12.31% | 11.26% | 11.17% | 12.37% |
| Category Rank | 9 / 81 | 15 / 79 | 16 / 79 | 22 / 79 | 22 / 75 | 14 / 69 | 12 / 66 | 4 / 53 | 1 / 50 | 1 / 45 | 1 / 45 | 1 / 42 | 2 / 37 | 2 / 33 |
| Quartile Ranking | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.44% | 3.23% | -0.43% | 5.22% | 5.11% | 3.22% | 4.30% | 4.67% | -0.99% | 3.54% | -2.76% | 12.10% |
| Benchmark | 4.60% | 2.54% | 2.04% | 2.63% | 2.45% | -0.72% | 1.94% | 1.54% | 0.52% | 0.70% | -5.11% | 4.92% |
Best Monthly Return Since Inception
17.76% (April 2009)
Worst Monthly Return Since Inception
-19.75% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 26.09% | 12.21% | -12.68% | 25.61% | -0.56% | 33.74% | -6.50% | 16.86% | 29.35% | 36.58% |
| Benchmark | 6.34% | 15.24% | -4.99% | 19.43% | -5.24% | 22.05% | -5.68% | 13.41% | 31.42% | 21.57% |
| Category Average | 11.10% | 15.65% | -8.72% | 20.37% | 0.17% | 28.60% | -10.67% | 9.26% | 27.44% | 27.70% |
| Quartile Ranking | 1 | 3 | 4 | 2 | 3 | 2 | 1 | 1 | 2 | 2 |
| Category Rank | 4/ 29 | 23/ 37 | 35/ 41 | 14/ 43 | 33/ 45 | 15/ 50 | 7/ 50 | 5/ 59 | 32/ 68 | 18/ 71 |
Best Calendar Return (Last 10 years)
36.58% (2025)
Worst Calendar Return (Last 10 years)
-12.68% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 100.00 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 100.01 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Toronto-Dominion Bank | 10.19 |
| Canadian Imperial Bank of Commerce | 10.18 |
| Bank of Nova Scotia | 10.18 |
| Manulife Financial Corp | 10.13 |
| Sun Life Financial Inc | 10.12 |
| National Bank of Canada | 10.04 |
| Great-West Lifeco Inc | 9.97 |
| iA Financial Corp Inc | 9.81 |
| Royal Bank of Canada | 9.72 |
| Bank of Montreal | 9.67 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
iShares Equal Weight Banc & Lifeco ETF
Median
Other - Financial Services Equity
3 Yr Annualized
| Standard Deviation | 14.67% | 14.86% | 15.93% |
|---|---|---|---|
| Beta | 1.04 | 0.99 | 1.01 |
| Alpha | 0.06 | 0.05 | 0.03 |
| Rsquared | 0.56% | 0.66% | 0.70% |
| Sharpe | 1.56 | 1.07 | 0.87 |
| Sortino | 3.68 | 1.98 | 1.28 |
| Treynor | 0.22 | 0.16 | 0.14 |
| Tax Efficiency | 94.82% | 92.95% | 91.76% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 13.41% | 14.67% | 14.86% | 15.93% |
| Beta | 1.15 | 1.04 | 0.99 | 1.01 |
| Alpha | 0.23 | 0.06 | 0.05 | 0.03 |
| Rsquared | 0.60% | 0.56% | 0.66% | 0.70% |
| Sharpe | 3.08 | 1.56 | 1.07 | 0.87 |
| Sortino | 12.23 | 3.68 | 1.98 | 1.28 |
| Treynor | 0.36 | 0.22 | 0.16 | 0.14 |
| Tax Efficiency | 97.17% | 94.82% | 92.95% | 91.76% |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | February 06, 2008 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $369 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
Investment Objectives
CEW's investment objective is to provide unitholders with a diversified equal weighted investment in a portfolio of common shares of the largest Canadian banks and Canadian life insurance companies. Cash distributions on the Common units and Advisor Class Units of CEW are expected to be made monthly and will be derived from dividends received by CEW on the CEW Portfolio. Such distributions may also include capital gains and returns of capital.
Investment Strategy
The passive equal weighting approach is intended to reduce the risks to investors of increasing exposure to any single investment. Constituent Issuers are selected for inclusion in the CEW Portfolio based on the following criteria: (i) the minimum market capitalization of such an issuer is $5 billion for banks and $1.5 billion for life insurance companies and (ii) the issuer must be a Canadian bank or a Canadian life insurance company.
Portfolio Management
| Portfolio Manager |
BlackRock Canada |
|---|---|
| Sub-Advisor |
BlackRock Institutional Trust Company, N.A.
|
Management and Organization
| Fund Manager |
BlackRock Asset Management Canada Limited |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 0.61% |
|---|---|
| Management Fee | 0.55% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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