For example, if you have a Canadian equity fund that focuses on small companies, you may want to compare it to the S&P /
TSX Small Cap Index.
Not exact matches
The fund: iShares S&P /
TSX Completion
Index Fund (XMD) The index: This ETF tracks the S&P / TSX Completion Index of midcap and small - cap Canadian st
Index Fund (XMD) The
index: This ETF tracks the S&P / TSX Completion Index of midcap and small - cap Canadian st
index: This ETF tracks the S&P /
TSX Completion
Index of midcap and small - cap Canadian st
Index of midcap and
small -
cap Canadian stocks.
There's also a iShares
Small -
Cap Index ETF (
TSX: XCS).
To keep things simple, we can divide the money equally between large, mid and
small cap indices: iUnits S&P 500 (
TSX: XSP), iShares Russell Midcap (IWR) and iShares Russell 2000 (IWM).
At the same time the BMO Nesbitt Burns Canadian
Small Cap index gained an average of only 8.6 % annually and the S&P /
TSX Composite gained an average of 9.2 % annually.
Although the funds have similar holdings of large, mid, and
small company stocks, they track entirely different
indices (the S&P /
TSX Capped Composite
Index vs. the FTSE Canada All
Cap Index), making them arguably different enough to avoid the superficial loss rules.
* Morningstar CPMS includes all stocks in the
TSX Composite
Index and the BMO Small Cap i
Index and the BMO
Small Cap indexindex.