Larry Berman CFA, CMT, CTA ProShares Short S&P500 SH-N BUY Jul 07, 2025

Single bear ETF for shorting US market. If US markets fall, so will Canadian dollar so you want to play this in US$.

Short S&P 500? Fx charges are a big determinant. No hedge.

Would go up 1:1 if US markets decline.

US investments in an RRSP that have had some good gains. Would this be a good way to protect the gains? A 1 for 1 hedge in your portfolio makes a lot of sense. You have to look at your portfolio though, and decide how much you want hedged. If you hedge every $1, and if the market goes up or down, you are basically dead flat. You don’t really want to go there. 80% of the time, the market goes up, so maybe hedge 20% of your portfolio.

This is a simple one for the US, and it plays the inverse of the S&P. There's one for the Canadian market, but he can't recall the ticker (it's part of the BetaPro Global X series, find it on their website).