CEW vs. QXM ETF Comparison

Comparison of iShares Equal Weight Banc & Lifeco ETF (CEW) to First Asset Morningstar National Bank Quebec Index ETF (QXM)

CEW

iShares Equal Weight Banc & Lifeco ETF

CEW Description

The investment seeks to provide investors with a diversified equal weighted investment in a portfolio consisting of common shares of the largest Canadian banks and life insurance companies.

Grade (RS Rating)

Last Trade

$19.67

Average Daily Volume

10,305

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

QXM

First Asset Morningstar National Bank Quebec Index ETF

QXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® National Bank Québec Index™, net of expenses. The ETF invests in equity securities of issuers with a minimum float capitalization of $150 million and which are headquartered in the Province of Québec.

Grade (RS Rating)

Last Trade

$31.27

Average Daily Volume

921

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	CEW	QXM
30 Days	1.12%	2.46%
60 Days	6.99%	6.32%
90 Days	16.19%	8.65%
12 Months	34.42%	25.12%

2 Overlapping Holdings

	Symbol	Grade	Weight in CEW	Weight in QXM	Overlap
	IAG	B	10.08%	5.02%	5.02%
	NA	A	10.02%	5.12%	5.12%

CEW Overweight 6 Positions Relative to QXM

	Symbol	Grade	Weight
	MFC	B	10.2%
	BMO	A	10.13%
	SLF	B	10.01%
	BNS	B	9.97%
	GWO	A	9.92%
	CM	A	9.74%

CEW Underweight 8 Positions Relative to QXM

	Symbol	Grade	Weight
	DOL	A	-6.25%
	MRU	D	-5.44%
	WSP	A	-5.22%
	POW	A	-5.14%
	GIB.A	B	-4.81%
	BCE	D	-4.77%
	GIL	A	-4.74%
	ATD	F	-4.54%

CEW: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Diversified Insurance - Life

Keywords: Financial Services Financial Insurance Asset Management Bank Banking Investment Banking S&P/Tsx 60 Index Wealth Management Health ING Group Reinsurance Retail Banking Products Capital Market Capital Markets Credit Economic History Of Italy Financial Products Government

QXM: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Banks - Global Discount Stores Engineering & Construction Grocery Stores Information Technology Services Insurance - Diversified Insurance - Life Specialty Retail Telecom Services

Keywords: Health Retailers Energy Financial Financial Services Insurance Retailing S&P/Tsx 60 Index Service Companies Asset Management Cement Communications Consulting Credit Environmental Food Health Insurance Infrastructure Internet Protocol Oil