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Sector Rotation for Canadian ETFs - April 2011

May 02, 2011 2:38 PM ET
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Seeking Alpha Analyst Since 2009

Perry Sadorsky is an Associate Professor of Economics at the Schulich School of Business, York University (http://www.schulich.yorku.ca/), Toronto, Canada. He teaches students at the undergraduate, MBA, and executive level. His research focuses on business issues related to energy and/or the natural environment.

At the end of each month, I rank a selection of Canadian ETFs according to their price strength. For each ETF a simple average of three month returns, six month returns and 12 month returns is calculated.

 

Canadian size portfolios

iShares S&P/TSX 60 Index (XIU.TO)

iShares S&P/TSX Completion Index (XMD.TO)

iShares S&P/TSX SmallCap Index (XCS.TO)

 

Canadian industry sectors

iShares S&P/TSX Capped REIT Index (XRE.TO)

iShares S&P/TSX Capped Energy Index (XEG.TO)

iShares S&P/TSX Global Gold Index (XGD.TO)

iShares S&P/TSX Capped Financials Index (XFN.TO)

iShares S&P/TSX Capped Info Tech Index (XIT.TO)

iShares S&P/TSX Capped Materials Index (XMA.TO)

 

International portfolios

iShares S&P 500 Index C$-Hedged (XSP.TO)

iShares MSCI EAFE Index C$-Hedged (XIN.TO)

iShares MSCI Emerging Markets Idx (XEM.TO)

 

Commodities

ISHARES GOLD TRUST (IGT.TO)

 

At the end of April 2011 the ranking of ETFs (ranked strongest to weakest) are:

Ticker

XCS

XEM

IGT

XEG

XFN

XGD

XIT

XMA

XRE

XIU

XMD

XSP

XIN

Rank

1

12

5

4

10

11

9

7

2

8

3

6

13

 

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