Performance of Canadian Equities vs. Global Equities
So I got into a back and forth with someone this afternoon about performance of Canadian equities market being abysmal under Trudeau.
We also hear this a lot in general putting politics aside that Canadian equities are underperforming.
So here are some stats using ETFs that Vanguard has put together since JT took office and over the last 5 years.
Granted - very obviously - that weighting matters but as Canadians these are the easily accessible ETFs if one doesn't want to invest in Canada.
With the exception of the US, the 100% Canadian All Cap Index ETF has out performed all other geographical All Cap Index ETFs by a healthy margin.
We also hear this a lot in general putting politics aside that Canadian equities are underperforming.
So here are some stats using ETFs that Vanguard has put together since JT took office and over the last 5 years.
Granted - very obviously - that weighting matters but as Canadians these are the easily accessible ETFs if one doesn't want to invest in Canada.
With the exception of the US, the 100% Canadian All Cap Index ETF has out performed all other geographical All Cap Index ETFs by a healthy margin.
Or is this an asinine way to compare global equity markets?
That being said. Sure. We're under performing compared to the United States. Obviously. So are other global equity markets.
But let's be fair even the United States is under performing if you remove the "Mag7" in the S&P500. $BCE Inc (BCE.CA)$ $TELUS Corp (T.CA)$ $VANGUARD S&P 500 INDEX ETF TR UNIT (VFV.CA)$ $VANGUARD FTSE CDN HIGH DIVID YIELD TRUST UNIT (VDY.CA)$ $ISHARES S&P/TSX 60 INDEX ETF UNIT (XIU.CA)$
That being said. Sure. We're under performing compared to the United States. Obviously. So are other global equity markets.
But let's be fair even the United States is under performing if you remove the "Mag7" in the S&P500. $BCE Inc (BCE.CA)$ $TELUS Corp (T.CA)$ $VANGUARD S&P 500 INDEX ETF TR UNIT (VFV.CA)$ $VANGUARD FTSE CDN HIGH DIVID YIELD TRUST UNIT (VDY.CA)$ $ISHARES S&P/TSX 60 INDEX ETF UNIT (XIU.CA)$
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72124973 : Some good observations. Especially the point about the performance from the US market if you remove the Mag 7. Thanks.