Full review of the RBC Canadian Bank Yield Index RBNK ETF

RBNK ETF is a dividend ETF ideal for investors looking for both growth and dividend in the Canadian banking industry. The RBC Canadian Bank Yield Index Exchange seeks to replicate the Solactive Canada Bank Yield Index. The latter is focused only on the Canadian banking industry. This ETF is more suited for long term investors with medium to high risk tolerance.

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What’s the The Solactive Canada Bank Yield Index?

The Solactive Canada Bank Yield Index follows the price changes of the six biggest Canadian banks. Each company’s weight in the index is based on how much it pays in dividends, which is updated regularly. To be included in the index, a company needs to have a certain value in the stock market. If there aren’t enough qualifying companies, the six largest ones are picked based on their stock market value.

The selected companies are ranked by their indicated dividend yield, and the two companies with the highest yield receive a weight of 1/4. The third and fourth companies each receive a weight of 1/6, and the remaining two companies each receive a weight of 1/12.


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Historical performance

ETFDiv
Yld
RBNK4.37%

Historical performance updated daily

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RBNK MER

ETFMER*
%
RBNK RBC Canadian
Bank Yield Index
0.32

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How to choose a good dividend ETF

– Total return: Though the focus here is on the dividend yield, you have to keep in mind the total return. The profit or loss we make on any investment combines both dividend income and capital gain or loss. Looking at the long-term performance of the fund is crucial. An ETF that provides a good capital appreciation with a high dividend yield is preferable.

Diversification: A diversified ETF is always a safer option. Some high yield ETFs are sector-specific (Financials, Energy or Gold). The ones focused on Energy and Gold have had an inferior long-term performance and carry high volatility risk.

Volume and liquidity of the ETF. The higher the asset under management, the lower the trading costs of the ETF (difference between the bid and ask price).

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RBNK vs Comparable banking ETFs

RBNK ETF Stock Profile

Updated daily

RBNK Stock 52 weeks high and low

Updated daily

RBNK Dividend history

AmountDividend TypeFrequencyEx-Div DateRecord DatePay DateDeclare Date
0.1000RegularMonthly1/23/20241/24/20241/31/20241/17/2024
0.0900RegularMonthly12/28/202312/29/20231/8/202412/15/2023
0.0950RegularMonthly11/22/202311/23/202311/30/202311/16/2023
0.1000RegularMonthly10/23/202310/24/202310/31/202310/17/2023
0.1000RegularMonthly9/21/20239/22/20239/29/20239/15/2023

RBNK ETF Holdings

HoldingsAssets
CANADIAN IMPERIAL BANK OF COMMERCE25.4%
BANK OF NOVA SCOTIA25.3%
BANK OF MONTREAL16.2%
TORONTO-DOMINION BANK15.6%
NATIONAL BANK OF CANADA8.8%
ROYAL BANK OF CANADA8.7%
CANADIAN DOLLAR0.0%
Total % of top 10 holdings100.0%

Consult issuers’ website for up-to-date data