Horizons S&P 500 (HXS.TO) Buy, Sell or Hold

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Horizons S&P 500 (HXS.TO)

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108.86

-0.47 (0.43%)

as of Jun 16, 2026, 7:59:25 pm Market Open.

71 watching

Investor Insights

Jun 17, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

The Horizons S&P 500 (HXS-T) has garnered significant acclaim as a high total return ETF, particularly for investors looking to maximize growth without the burden of dividend taxation. This unique attribute allows investors to benefit from capital appreciation while avoiding the complexities of tax implications associated with dividend payments. Experts praise HXS-T for its strategic positioning within the S&P 500, highlighting its robust performance, especially during bullish market conditions. As a result, the ETF has emerged as a leading choice for those who prioritize total returns over income generation, making it an attractive option for growth-oriented portfolios. Overall, investors looking for an efficient and tax-effective way to participate in the equity market are finding HXS-T to be a compelling addition to their investment strategy.

Consensus

Positive

Valuation

Fair Value

Similar

SPY,US

BUY

For a high total return ETF without dividend (therefore you pay no taxes).

BUY

A global ETF that's the best for Canadians from a tax point of view. Slightly higher cost than others. It tracks a total return in the US market, and is tax-efficient in taxable Canadian accounts.

BUY

Great option for S&P 500 exposure. If taxable account, even better. If not taxable - get VFV.

BUY

Excellent way to get exposure to S&P 500. No annual distribution (tax efficient).

PAST TOP PICK

(A Top Pick Jan 19/24, Up 8%)

General position that is good for investors who are bullish on the market. Has recently began reducing position. Not as bullish as was at the start of the year.

TOP PICK

Believes markets will rise in 2023 - good product to get exposure. Owns shares in own portfolio. Sees more momentum in US stocks than in Canada with Magnificent 7 tech stocks. Good option for long term investors.

BUY

Tax efficient option for S&P 500 (no distributions), total returns in capital gains. No tax bill.

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We would suggest HXS, which is an S&P 500 'total return' ETF and thus does not pay distributions. They instead accumulate via derivatives in the ETF. Thus, only capital gains taxes apply (when sold).
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BUY

ETFs for RRSPs and TFSAs.

He and his team are not tax experts, and the answer is very individual-specific. Consult your tax advisor.

XSP or ZSP are good starting points. One is hedged, one is not. HXS is another option, though it doesn't pay distributions, just accumulates as capital.

BUY

ZSP gives classic exposure. Good thing is that you can buy this either in USD or hedge to CAD. HXS though offers a little more tax efficiency. Both are good and give you exposure. HXS charges a 0.1% MER and ZSP 0.09%.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Converts dividends into capital gains such that no distributions are paid out. Based off the S&P500 index so has good diversification exposure to large cap US companies. $3.2B in assets. Fees are a bit higher than a standard ETF, but taxes are deferred and shift to capital gains taxes over dividend income. Unlock Premium - Try 5i Free

COMMENT

With a 5 year time frame and the CAD at $0.82-$0.83, we are over-valued here. Over the next few months, $0.70-$0.85 is the trading range for the next few years. We are close to the top right now, so would want more USD exposure. However, in the short term, the CAD can further strengthen.

COMMENT

Currency exposure is a big factor when investing globally. You must factor in the currency impact. The currency accounts for 15% of the exposure. The CAD has gone a lot further than he has thought. There is a global sentiment that the USD will get weaker relative to other currencies.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. An ETF that holds derivatives and total return swaps instead of stocks directly. Most of the portfolio is cash which mitigates counterparty risk. It has met its goals. Unlock Premium - Try 5i Free

COMMENT

Do the new swap ETFs have the same tax advantage? Go to the Horizons webpage to find out exactly. This was a total return swap, meaning it didn't hold the physical shares directly. Effectively, the distributions became capital gains. But Canada Revenue said no to that--can't do that anymore. So, Horizon has changed the structure of these swap ETFs into a corporate-class share structure (mutual funds do this). This is still an ETF and doesn't effect the fee. But will CRA allow this going forward? He doesn't know.

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Horizons S&P 500 (HXS.TO) Frequently Asked Questions

What is Horizons S&P 500 stock symbol?

Horizons S&P 500 is a Canadian stock, trading under the symbol HXS.TO (previously HXS-T on Stockchase) on the Toronto Stock Exchange (HXS-CT). It is usually referred to as TSX:HXS or HXS.TO

Is Horizons S&P 500 a buy or a sell?

In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on HXS.TO (previously HXS-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is . Read the latest stock experts' ratings for Horizons S&P 500.

Is Horizons S&P 500 a good investment or a top pick?

Horizons S&P 500 was recommended as a Top Pick by John Hood on 2020-02-11. Read the latest stock experts ratings for Horizons S&P 500.

Why is Horizons S&P 500 stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Horizons S&P 500.

Is Horizons S&P 500 worth watching?

Horizons S&P 500 is followed by 71 investors on Stockchase and is a trending stock that is worth watching.

What is Horizons S&P 500 stock price?

On 2026-06-16, Horizons S&P 500 (HXS.TO) stock closed at a price of $108.86.

Most Recent Experts

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