If you want to know what to expect from Canadian blue chip stocks as a long-term investor, let one of the country’s biggest, more battle-hardened ETFs be your guide.) has been around in its current form since September 1999, which means it has weathered the stock market tech wreck of 2000-01, the 2008-09 global financial crisis, the pandemic and sundry other setbacks.
Comparing your portfolio returns to benchmarks is a useful exercise at any time, but more so now. Stocks have had a great run in the past 18 months and there’s growing speculation about when and how the next pullback will take shape. XIU’s past returns offer some guidance on the downside for Canadian blue chips as well as gains. The fund lost 6.4 per cent in 2022, 7.7 per cent in 2018, 7.9 per cent in 2015, 9.3 per cent in 2011 and a disturbing 31 per cent in 2008. Looking ahead, let XIU be your guide to what normal and extreme corrections mean for holders of blue chip stocks.
The 60 index is made up of the country’s biggest, most widely held stocks. Most pay dividends, but some are growth-oriented companies that do not. Portfolio-wide, the dividend yield on XIU was about 3.1 per cent in late June. If you have a diversified portfolio of blue chips, there’s another benchmark to use.
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