QXM.TO
CI Morningstar National Bank Quebec Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 92.3 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Feb 02, 2012 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| POWER CORP OF CANADA | 6.2 % |
| NATIONAL BANK OF CANADA | 5.6 % |
| BOMBARDIER INC. CLASS B | 5.5 % |
| INDUSTRIAL ALLIANCE INSURANC | 5.3 % |
| CANADIAN NATL RAILWAY CO | 5.3 % |
| TFI INTERNATIONAL INC. | 5.1 % |
| ALIMENTATION COUCHE-TARD INC. CLASS A | 4.9 % |
| METRO INC -A | 4.8 % |
| BCE INC. | 4.7 % |
| GILDAN ACTIVEWEAR INC | 4.7 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 414 |
| Wgt avg mkt cap (mns) | $19,944 |
| Large cap (>$10bn) | 63.0% |
| Mid cap ($2-10bn) | 21.5% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 94.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 94.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.2% | 23.9% | 18.6% | 15.4% | 9.0% | 8.6% | -- | 10.1% |
| Dividend Yield | 0.3% | 1.6% | 1.6% | 1.6% | 1.5% | 1.5% | -- | 1.7% |
| Total Returns | 3.5% | 25.5% | 20.2% | 17.0% | 10.5% | 10.1% | -- | 11.8% | Ann. Volatility | 17.3% | 13.0% | 13.4% | 12.7% | 13.7% | 15.7% | -- | 14.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.50 | 20% |
| MSCI EAFE | 0.41 | 23% |
| MSCI Emg Mkts | 0.26 | 15% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $38.97 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.19/0.12 |
| Bollinger Bands (Upper/Lower) | $39.87/$38.23 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QXM.TO |
Expenses vs. QXM.TO |
ALTAR Score™ vs. QXM.TO |
|---|---|---|---|---|
| DMQC.TO | Desjardins Quebec Equity ETF | 87.4% | -20 bp | +0.2% |
| NBQC.TO | NBI Quebec Growth Fund | 47.5% | +25 bp | -0.5% |
| NSCE.TO | NBI Sustainable Canadian Equity ETF | 26.2% | +10 bp | +0.2% |
| FST.TO | First Trust Canadian Capital Strength ETF | 25.3% | +16 bp | -0.4% |
| TCLV.TO | TD Q Canadian Low Volatility ETF | 24.6% | -20 bp | +0.1% |
| DGRC.TO | CI Canada Quality Dividend Growth Index ETF | 23.0% | -29 bp | +1.4% |
| INOC.TO | Global X Inovestor Canadian Equity Index ETF | 21.0% | 0 bp | +0.7% |
| KNGC.TO | Brompton Canadian Cash Flow Kings ETF | 20.4% | -5 bp | +2.0% |
| MCLV.TO | Mackenzie GQE Canada Low Volatility ETF | 19.5% | +1 bp | 0.0% |
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 19.1% | -25 bp | +0.2% |
Risk and Returns: QXM.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
Sample data. Subscribe for access.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
6.0%
ALTAR SCORE™
53rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. QXM.TO's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places QXM.TO in the 53rd percentile
among funds in the category.
Sell-Side Consensus
$45.15
PRICE TARGET
+12.6%
UPSIDE