RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited ("BlackRock Canada"). ETF issuers who have ETFs with exposure to Inverse Equities are ranked on certain … For example, the Horizons Beta Pro S&P/TSX 60 Bear Plus ETF (HXD) gives you 200% of the daily inverse in the TSX 60. Share on Facebook } Real estate investment trusts (REITs) are companies that own, operate, or … For more details, see this SEC alert. We are unable to control and are not responsible for any of the content on external sites that we may link to. Our list now contains an elite 42 All-star picks—a big jump from 25 last year. Hundreds of failing businesses no longer need office space, which can impact industrial REITs. Five out of eight votes carried the day; in the event of a tie, I was the tiebreaker. Kerzérho does concede, however, that the Canadian low-vol ETFs have indeed kept their promise of less volatility than the broad market, and more than half the low-vol ETFs he studied produced five-year total returns above their benchmarks. Our goal is to provide the most relevant and up-to-date information as possible, but, as with all things you read on the internet, we recommend you digest our content critically and cross-reference with your own sources, especially before making a financial decision. Canadian iShares MSCI Canada ETF is the old guard in the Canadian ETF space, but it still has plenty to offer investors. He’s based in Lethbridge, Alta. For his part, Robb Engen is adamant about sticking to a long-term plan, and hence most of our prior year’s picks. He’s based in Lethbridge, Alta. iShares S&P/TSX Capped REIT Index ETF (CAD) The above results are hypothetical and are intended for illustrative purposes only. All-in-One The offers that appear in this table are from partnerships from which Investopedia receives compensation. They employ financial derivatives, such as index swaps, in order to provide short exposure for investors seeking to profit during a decline in the sector, or in a steeper downdraft such as a bear market. He is a partner in the firm as well as a Portfolio Manager in Ottawa. } h2.termNameTitle { Don’t passive investors embrace the idea that they’re accepting market returns, which includes the distinct possibility of losing large sums of money during falling markets?”, Or, as Felix sums it up: “The investment strategy/ETF mix shouldn’t change based on market conditions.”. “This should unwind some as we get through this.” Given the devaluation of many currencies, he likes the Horizons Gold Yield ETF (HGY), which provides gold exposure plus some covered call writing that effectively turns it into a high-interest-rate savings account. Note that the table below may include leveraged and inverse ETFs. display: flex; While this decline was sharp and fast, bear markets are nothing new and—so far, at least—this one hasn’t been anything special, as PWL’s Felix notes in a YouTube video. It is intended for investors with a high level of tolerance for risk and volatility, and is not meant to be held as a long-term investment. , SRS offers 2x daily short exposure to the Dow Jones U.S. Real Estate Index. We have several fixed-income picks, as in previous years, and the all-in-one asset allocation ETFs provide a range of options for all ages and risk tolerances. Jonathan Chevreau is founder of the Financial Independence Hub, author of Findependence  Day and co-author of Victory Lap Retirement. Roberts likes the idea of inverse ETFs, but warns they’re intended for use by experienced investors or those with very savvy advisors. provides the ETF Screener for the TMX Money website. As for real estate and REIT ETFs, some panelists, including Roberts, argue that the sector’s attractive yield, inflation-fighting characteristics and partial correlation to stocks may be reason enough for some investors to have more than index exposure to real estate. Horizons ETF Management is the main provider of leveraged and inverse ETFs in Canada. The go-to Canadian dollar International REIT is iShares CGR. PWL is a Canadian wealth management firm managing $3 billion in client assets using low-cost ETFs and index funds. is Chief Client Officer for Wealthsimple for Advisors. The fund focuses primarily on Canada-listed companies, with roughly a quarter of holdings representing cannabis stocks in the U.S. market. Note that the table below may include leveraged and inverse ETFs. “In fact, both ZLB and ZLU have trounced their respective indexes dating back many years since the funds’ inception. Read Making sense of the markets this week: December 21, Read How to make the most of your TFSAs in retirement, Read Making sense of the markets this week: December 14, Read Ways to “unlock” retirement savings in a LIRA, Read Making sense of the markets this week: December 7, Calculating how much money you’ll need at retirement. The crash that began in March 2020 certainly coloured some of our panelists’ views this year. Alright then, let’s jump straight to the list of Top 7 Canadian ETFs, first on the list is the “Vanguard S&P 500 ETF” or VOO. For those interested, refer to some of the REIT ETFs flagged in, last year’s edition (2019) of the ETF All-stars, , CFA, is former editor of ETFInsight.ca and CIO of Pascal Financial, a F, inTech company that launched recently with an initiative called Prevail. Vanguard S&P 500 ETF (VOO) Vanguard S&P 500 ETF seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. is a former investment advisor with Tangerine and founder of the, is a Portfolio Manager with PWL Capital in Ottawa. We suspect this whole coronavirus experience has only served to accelerate a trend that was already picking up steam: telecommuting and working from home, if only some of the time. ETFdb.com. Open a Wealthsimple Trade account for commission-free ETF trading* >. } does concede, however, that the Canadian low-vol ETFs have indeed kept their promise of less volatility than the broad market, and more than half the low-vol ETFs he studied produced five-year total returns above their benchmarks. This ETF offers exposure to a broad portfolio of Canadian (48% of portfolio) and US (48% of portfolio) real estate equities. . Accordingly, I have been adding to a few pre-existing positions, mostly TSX-listed gold miners like Barrick and Newmont, and ETFs holding similar companies, such as the iShares S&P/TSX Global Gold Index ETF (XGD/TSX). While the panel is enthusiastic about our All-in-one ETF picks, keep in mind these asset allocation funds largely consist of different combinations of stocks and bonds, and tend to have only market weights in precious metals and real estate. For example, a 2x ETF may return 2% on a day when its benchmark rises 1%, but you shouldn't expect it to return 20% in a year when its benchmark rises 10%. Read on for some important things to consider when choosing a REIT ETF. background-color: #102f32; Unless the COVID-19 crash brought to light a mismatch as far as allocation versus risk tolerance/capacity. low-volatility stocks result in less diversification, higher costs, more portfolio turnover and time-varying exposure to the factors that explain differences in returns. Given that CGR is a Canadian dollar REIT ETF with US and International assets you will face those … Some of the top Canadian ETFs that invest in Canadian companies are the iShares Core S&P/TSX Capped Composite Index ETF, the BMO S&P TSX Capped Composite IDX ETF, the Horizons S&P/TSX 60™ INDEX ETF, and Vanguard FTSE Canada All Cap ETF. Accessed Nov. 18, 2020. These products provide inverse 1:1 exposure to the S&P/TSX 60 and S&P500 respectively: BetaPro S&P/TSX 60 Daily Inverse ETF (HIX) and BetaPro S&P 500 Daily Inverse ETF (HIU). Where to buy real estate now: How we found the best deals in Canada, A guide to the best robo-advisors in Canada for 2020, Best high-interest savings accounts in Canada 2020, Compare the Best GIC Rates in Canada 2020. overflow: hidden; That’s 50 recommended ETFs in total, which should be a good start for readers looking to narrow down the wealth of possible options in this growing cornucopia of choice. “It’s an asset class with very unique qualities and it’s a very good portfolio diversifier,” says Roberts. According to the Canadian ETF Association (CETFA), as of this January there were 766 ETFs trading on Canadian exchanges, created by 37 different sponsors. You can learn more about the standards we follow in producing accurate, unbiased content in our. If you have belatedly reassessed your risk tolerance, but still want to invest at least partially in the market, you could sell whatever asset allocation ETF you’re in and switch down to the fund that’s one or two risk levels below. Desert-Island Picks The case for low-volatility ETFs became stronger after February, as global markets suffered the aforementioned biggest one-week meltdown in recent history. For more details, see this SEC alert. While our expert panel added several new ETFs this year—some in global fixed income, a few low-volatility ETFs and two new families in the all-in-one asset allocation category—virtually all our picks from last year returned, most unanimously. I review the business and the financial statements and buy the ones I like. He was a cofounder of Wealthsimple. div.widgets_on_page ul { flex-wrap: nowrap; ETFs levered doubly or triply to up or down moves in the market are particularly explosive in the wrong hands and circumstances. My own advisor has long counselled those in the “retirement risk zone” to be somewhere between 50% and 60% fixed income (cash, GICs, bond ETFs). He can be reached at. Accessed Nov. 18, 2020. If the index falls 1% on a given day, then the fund is expected to return 2% on that day, before fees and expenses. @media (min-width: 992px) { However, we added two new ETFs with a global and/or U.S. focus: the Vanguard Global Aggregate Bond Index ETF (CAD-Hedged, ticker VGAB), and the … Fixed-income ETFs, however, are a different story, as are asset allocation ETFs that hold various proportions of fixed income. For instance, an inverse bond ETF that is tracking the larger US Treasury market (benchmark) will increase by 2 percent if the benchmark decreases by 2 percent - that is, the returns of the inverse bond ETFs … What kind of marketing agent would not know such basic information about a product they are marketing? Many ETFs buy REITs in the form of a stock that meets the requirements to be considered a REIT… It's important to note that our editorial content will never be impacted by these links. 1. This rule of thumb applies just as well to younger investors: a 30-year old would have 30% in fixed income and 70% in stocks and so on. ETFs with very low assets under management (AUM), less than $50 million, usually have lower liquidity than larger ETFs. I am into CAR, IIP, DRG, DRA, SMU, NWH, H&R, and have lately held CT Reit. A double gold exchange-traded fund (ETF) is designed to respond to twice the daily rise and fall of the price of gold. We try our best to look at all available products in the market and where a product ranks in our article or whether or not it's included in the first place is never driven by compensation. Inverse ETFs are investments that deliver the opposite performance of their reference index on a daily basis. "DOW JONES U.S. REAL ESTATE INDEX." “I’m typically skeptical of products that offer ‘downside protection,’ but BMO’s suite of low-volatility ETFs has produced an incredible track record in good times and bad,” says Engen. These include white papers, government data, original reporting, and interviews with industry experts. (But if you’re looking for a few specialty ideas, we’ve still got you covered with our “desert island” picks.). The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 … How? "Leveraged & Inverse ETFs: DRN DRV." Furthermore, leveraged ETFs are designed to achieve their multiplier on one-day returns, but you should not expect that they will do so on longer-term returns. The PWL team of Felix and Passmore voted against including them, citing. justify-content: space-between; Read Can life insurance be used as a fixed income investment? REIT holdings is something I do not leave to an ETF vendor. We also reference original research from other reputable publishers where appropriate. Most of the other panelists were against including any inverse ETFs in our All-stars list. Say, for example, you’re invested in VBAL/XBAL/ZBAL, which most closely resemble the classic balanced fund or pension fund with 60% stocks to 40% bonds. First off, the big negative. ook at rebalancing into stocks, though consider not doing it all in one go given the context.”. Consider kicking the tires of the below ETFs. CI First Asset Canadian REIT ETF (TSX:RIT) This REIT ETF is a little different than the rest, putting distance between its competitors in a few interesting ways. It currently stands at 0.75%. Fidelity Zero Total Market Index Fund (FZROX) Let’s look at a couple of key benefits and features of … } What a difference a year makes! “Unless the COVID-19 crash brought to light a mismatch as far as allocation versus risk tolerance/capacity, stay the asset allocation course,” he says. An ETF is a fund that owns many investments on behalf of a group of investors. The CI First Asset Canadian REIT ETF (TSX:RIT) has the highest management fee of all the Canadian REIT ETFs profiled today. The only 2019 selection that was removed for 2020 is BMO’s Laddered Preferred Share Index ETF (ticker: ZPR), with, the panelists agreeing that preferred shares don’t make sense in a long-term passive core portfolio, While this decline was sharp and fast, bear markets are nothing new and—so far, at least—this one hasn’t been anything special, as PWL’s Felix notes in a. . Exclude Leveraged and Inverse ETFs. Would you happen to know why there is a clause in the GLD prospectus that states GLD has no right to audit subcustodial gold holdings? “Gold and the U.S. dollar have behaved way better than other ‘currencies’,” concedes Rebetez, who uses gold as a currency. He writes about investment issues for Advisors Edge/Advisor.ca, appears regularly at ETF conferences and publishes academic papers with colleague Ioulia Tretiakova about advanced pension strategies. He joined the firm in 2013. Approximately 57% of the portfolio’s base rent is generated from large urban markets, mainly in Toronto, Calgary, Vancouver, and Montreal. SRS resets on a daily basis, resulting in compounding of returns over multiple periods. Note that ETFs are usually tagged by ETFdb analysts as more than one type; for example, an inverse gold ETF may be tagged as “inverse” and as “gold” and as “commodity”. REIT ETFs hold REITs and REIT stocks. The first low-vol ETF was launched in 2011; there are now 44 in Canada, with assets exceeding $8 billion. Of course, the All-stars list has evolved to include more names as the ETF space in Canada exploded year over year. He was a cofounder of Wealthsimple. The panel continues to share the philosophy that the ETF All-stars established when Dan Bortolotti, then a magazine journalist and now a portfolio manager at PWL Capital, and I first conceived of it back in 2013. The ETF uses various real estate index swaps to provide bearish investors with a daily return that is -3x the daily performance of its index. Robb Engen is a fee-only financial planner and founder of the award-winning Boomer & Echo personal finance blog. font-size: .8em; Apart from the gold miners, you can own gold bullion through vehicles like the GLD ETF and a mutual fund, BMG Bullion Fund, which holds all three of gold, silver and platinum bullion. “Look at rebalancing into stocks, though consider not doing it all in one go given the context.”. I’ve spent quite a bit of time doing my due diligence into GLD. Exclude Leveraged and Inverse ETFs. But losses are also amplified, meaning that when the index rises 1%, the inverse REIT ETF offering -2x leverage falls 2%. “Did our previous year’s picks suddenly become losers because they got clobbered [in March]? In Canada, the ETF family best known for these products—assuredly not for the faint of heart—is. Generally, however, our panelists are in favour of staying the course and sticking with the core approach this package has taken in previous years. ProShares. If the index falls by 1% on a given day, then REK is expected to rise 1%. However, the gold bar held up by Mr. Pisani showed a serial number of ZJ6752 which did not show up on the latest bar list during that time. “What about sticking to a sensible strategy of low-cost, globally diversified ETFs? Disappointed those values were not listed considering the decision to stay with many of the same ETF’s. MoneySense is fully owned by Ratehub Inc, but remains editorially independent. It is intended for short-term hedging and speculative purposes, and not as part of a buy-and-hold strategy. . This year, several other panelists pushed to add BMO’s suite of low-vol ETFs to our list (Canadian: ZLB; US: ZLU; and international: ZLI), which opened the door for low-vol ETFs from other suppliers. Fees: 0.75% Dividend Yield: 5.21% | 5.18% … Exploring the Benefits and Risks of Inverse ETFs, Direxion Daily Real Estate Bear 3x Shares (DRV), Direxion Daily Real Estate Bear 3x Shares. display: none Dave Nugent is Chief Client Officer for Wealthsimple for Advisors. established when Dan Bortolotti, then a magazine journalist and now a portfolio manager at PWL Capital, and I first conceived of it back in 2013. It owns 35 to 50 cloud computing, AI, cybersecurity and blockchain stocks. is a fee-only financial planner and founder of the award-winning. Apart from the gold miners, you can own gold bullion through vehicles like the GLD ETF and a mutual fund, , which holds all three of gold, silver and platinum bullion. While the S&P 500 gained 13.5 per cent in Canadian dollars over the past year, the BetaPro S&P 500 2x Daily Bull Canadian dollar ETF advanced 47.3 per cent. Inverse ETFs Another bear market product that didn’t make the All-star cut deserves a mention: inverse or reverse ETFs that profit as certain major stock indexes plunge. Rebetez concurs. Their time horizon to recoup losses has dwindled. Inverse ETFs can be riskier investments than non-inverse ETFs, because they are only designed to achieve the inverse of their benchmark's one-day returns. "Direxion Daily Real Estate Bear 3x Shares." Those in their 70s may prefer the most conservative one, VCIP, which is only 20% in stocks. Is your credit card’s travel insurance enough? It certainly seems that home entertainment stocks (Netflix and possibly Disney, although perhaps less so because its theme parks have been closed) have bright prospects, and firms such as Amazon and Walmart have benefitted from customers wanting essential items, including groceries, to be delivered to their doorsteps. There are 3 distinct inverse REIT ETFs that trade in the U.S. Great article but wondering why the annual performance values were not included? border: solid 1px rgb(35, 94, 99); Still, during the March meltdown, both Canadian and US REIT ETFs proved to be no shelter from the storm as tenants had difficulty making rent. personal finance blog. Other than that, we relied on our experts for input. An inverse ETF is an exchange-traded fund that uses various derivatives to profit from a decline in the value of an underlying benchmark. Horizons ETFs Management (Canada) Inc. offers inverse ETFs based on three of the most … As of 12/18/2020. “Opening statements perhaps may not be useful for a while,” says Nugent, adding that investors should try to remove emotion and not get caught up in all the noise. (Zoom fell back in March over security concerns as millions of users flocked to it during the crisis.). More than $211 billion is invested in these products nationwide. There just isn't enough volume on the TSX to justify a real estate bear ETF. For example, switch from VBAL or XBAL (60% stocks) to VCNS or XCNS (40% stocks), which may be appropriate for retirees in their 60s. GLD’s administration organized this visit to show that GLD’s gold actually exists. is CEO of Toronto’s PUR Investing Inc., which. The only 2019 selection that was removed for 2020 is BMO’s Laddered Preferred Share Index ETF (ticker: ZPR), with the panelists agreeing that preferred shares don’t make sense in a long-term passive core portfolio. Similarly, Canadian investors can also bet against the American stock market through Horizons BetaPro S&P 500 Inverse ETF or bet on a leveraged-ETF that returns twice the negative … 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of Inverse … However, inverse ETFs gain when the underlying index falls. Back for the eighth edition, our star panelists reveal their top 50 picks among Canadian, U.S., international, fixed-income and all-in-one exchange-traded funds. There just isn't enough volume on the TSX to justify a real estate bear ETF. BMG’s case for gold can be found here. As a result, they tend to capture less upside than the broader stock market, but also less of the downside. The PWL team of Felix and Passmore voted against including them, citing this piece from PWL’s director of research, Raymond Kerzérho, which points out the average MER of low-volatility ETFs is 0.46%, compared to just 0.15% for core ETFs. Our core principles remain low cost, broad diversification and tax efficiency—whether in a roaring bull market, a bear market or something in between. In Canada, the ETF … A leveraged exchange-traded fund is a fund that uses financial derivatives and debt to amplify the returns of an underlying index. stay the asset allocation course,” he says. © 2002-2020 Ratehub Inc. All rights reserved. Lower volatility and outperformance? MoneySense will always make updates and changes to correct factual errors. U.S. And, as of mid April, it appears stock market volatility—in both directions—is likely to be with us for some time. } ProShares offer investors unique strategies for ETF investing with funds that leverage the performance of an underlying index. max-width: 400px; Accessed Nov. 18, 2020. Offer investors any inverse ETFs against including them, citing companies, with assets exceeding $ 8 billion review. Ceo of Toronto ’ s a very good portfolio diversifier, ” says.! Were against including any inverse ETFs national Bank is a Canadian wealth management firm $. One, VCIP, which is only 20 % in stocks fund in 1996 and it ’ s picks retain! Partnerships from which investopedia receives compensation return are REK, srs, and social media stocks like Twitter founder! Support their work Did our previous year ’ s consensus on which of last year more by... 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