What are the best Canadian S&P 500 ETFs to buy?
Buy an index fund that tracks the S&P 500
The easiest way to invest in the S&P 500 is to invest in either an exchange-traded fund (ETF) or mutual fund that tracks the S&P 500. Funds that track an index like the S&P 500 are known as index funds.
- The BMO option. My first pick among the S&P 500 ETFs available to Canadian investors is the BMO S&P 500 Index ETF (TSX:ZSP). ...
- The iShares option. My second pick addresses the concern of currency fluctuations that can impact returns for Canadian investors. ...
- The Vanguard option.
- Vanguard FTSE Canada All Cap ETF VCN. Vanguard FTSE Canada All Cap ETF VCN delivers broad exposure to the Canadian equity market at a low cost. ...
- iShares Core S&P/TSX Capped Composite ETF XIC. ...
- BMO S&P/TSX Capped Composite ETF ZCN.
- Vanguard US Total Market Index ETF – 24.9%
- Vanguard Canadian Aggregate Bond Index ETF – 23.5%
- Vanguard FTSE Canada All Cap Index ETF – 18.0%
- Vanguard FTSE Developed All Cap ex North America Index ETF – 12.5%
- Vanguard Global ex-US Aggregate Bond Index ETF CAD-hedged – 9.1%
Buy an index fund that tracks the S&P 500
The easiest way to invest in the S&P 500 is to invest in either an exchange-traded fund (ETF) or mutual fund that tracks the S&P 500. Funds that track an index like the S&P 500 are known as index funds.
iShares Core S&P 500 Index ETF – CAD Hedged
The iShares Core S&P 500 Index ETF has more than $9.8B in net assets, thereby ensuring sufficient liquidity for investors. The fund limits foreign exchange volatility by hedging US dollar exposure and can be traded on Canadian exchanges.
The S&P/TSX Composite Index is a capitalization-weighted equity index that tracks the performance of the largest companies listed on Canada's primary stock exchange, the Toronto Stock Exchange (TSX). It is the equivalent of the S&P 500 index in the United States, and as such is closely monitored by Canadian investors.
The Most Popular ETF in Canada is Rated Gold
The Vanguard S&P 500 ETF VFV tracks the S&P 500, which offers a representative portfolio of the U.S. large-cap market. S&P's eligibility criteria require that index constituents be profitable and highly liquid.
| Symbol | Name | Dividend Yield |
|---|---|---|
| TSLY | YieldMax TSLA Option Income Strategy ETF | 57.21% |
| NVD | GraniteShares 2x Short NVDA Daily ETF | 56.27% |
| CONY | YieldMax COIN Option Income Strategy ETF | 54.30% |
| TILL | Teucrium Agricultural Strategy No K-1 ETF | 54.21% |
VFV is the Canadian equivalent of the popular Vanguard S&P 500 ETF (VOO), offered by Vanguard U.S., with both VFV and VOO tracking the S&P 500.
Is there an ETF that follows the TSX?
ISHARES S&P/TSX 60 INDEX ETF is a buy. The ETF (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good low-fee way for you to buy the top companies listed on the TSX.
- • Stocks. If you want the highest possible returns with more volatility, stocks may be for you. ...
- Exchange-traded funds (ETFs) and mutual funds. ...
- Government and Corporate Bonds. ...
- Real Estate.
| ETF | Assets Under Management | Expense Ratio |
|---|---|---|
| Vanguard Information Technology ETF (VGT) | $70 billion | 0.10% |
| VanEck Semiconductor ETF (SMH) | $16.3 billion | 0.35% |
| Invesco S&P MidCap Momentum ETF (XMMO) | $1.6 billion | 0.34% |
| SPDR S&P Homebuilders ETF (XHB) | $1.8 billion | 0.35% |
Instrument Name TD S&P 500 Index ETF (TPU-T)
Fund Family TD Asset Management Inc.
The S&P 500 is an index that tracks the price of 500 large public companies listed on US stock exchanges. It was expanded to include 500 companies in 1957. Between 1957 and 2021, the index averaged an annualized rate of return of roughly 11.88%.
The main difference between VFV and VSP is that VFV offers direct exposure to the performance of the S&P 500, while VSP offers investors a degree of protection from foreign exchange (FX) fluctuations in the Canadian dollar.
The main difference between VFV and VOO is that VFV is offered in Canadian dollars and is listed on the Toronto Stock Exchange while VOO is offered in American dollars and is listed on the New York Stock Exchange.
- Online brokerage platform. Like stocks, ETFs are bought and sold on stock exchanges. You can buy iShares ETFs through your brokerage account. ...
- Financial advisor. Talk to your financial advisor to explore how iShares ETFs may fit your investing goals.
See what a Digrin managed dividend portfolio looks like. Last dividend for VANGUARD SP 500 INDEX ETF (VFV.TO) as of April 17, 2024 is 0.35 CAD. The forward dividend yield for VFV.TO as of April 17, 2024 is 1.13%. Average dividend growth rate for stock VANGUARD SP 500 INDEX ETF (VFV.TO) for past three years is 0.99%.
While it offers good performance and is a great starting point for beginners, it comes with concentration risk and high exposure to tech and communications sectors. It has a relatively low expense ratio but may face risks of rotation into other sectors.
What is the Canadian version of VTI stock?
In fact, Vanguard's Canadian-listed VUN simply holds its U.S.-listed counterpart, VTI, as its core holding. As VUN and VTI both track the same index—and VTI already existed when VUN was launched—this strategy makes good sense.
TSE:ZSP has a conensus rating of Moderate Buy which is based on 394 buy ratings, 102 hold ratings and 8 sell ratings.
- Simplify Interest Rate Hedge ETF (PFIX)
- VanEck Semiconductor ETF (SMH)
- Amplify U.S. Alternative Harvest ETF (MJUS)
- AdvisorShares Pure U.S. Cannabis ETF (MSOS)
- YieldMax NVDA Option Income Strategy ETF (NVDY)
- ProShares Bitcoin Strategy ETF (BITO)
- Grayscale Bitcoin Trust (GBTC)
| Symbol | Name | Avg Daily Share Volume (3mo) |
|---|---|---|
| SPY | SPDR S&P 500 ETF Trust | 73,766,125 |
| TQQQ | ProShares UltraPro QQQ | 72,500,852 |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | 71,334,227 |
| XLF | Financial Select Sector SPDR Fund | 47,533,277 |
offers the following 21 ETFs listed on the TSX: TSX: VCE – Vanguard FTSE Canada Index ETF. TSX: VCN – Vanguard FTSE Canada All Cap Index ETF. TSX: VDY – Vanguard FTSE Canadian High Dividend Yield Index ETF.
