TSE:VFV

Vanguard S&P 500 Index ETF (VFV.TO)

187.33
-0.47 (0.25%)
as of Jul 22, 2026, 7:59:57 pm Market Open.
319 watching
0
Investor Insights
star iconJul 22, 2026, 12:00 am

This summary was created by AI, based on 6 opinions in the last 12 months.

The Vanguard S&P 500 Index ETF (VFV) has received mixed reviews from experts. Some analysts prefer the unhedged VFV due to its exposure to USD, especially considering the long-term weakness of the CAD. However, they express caution regarding the index’s current high valuations, especially given its significant allocation to tech stocks, which constitutes about 45-50% of the ETF. There are concerns about potential adverse impacts from overvalued mega-IPOs like SpaceX and OpenAI, with expectations of valuation corrections in the near future. Despite these concerns, VFV is still regarded as a favorable long-term investment, particularly for those with a systematic investment approach that capitalizes on market dips. Compared to alternatives like TPU, VFV shows similar performance but may have a slightly higher management expense ratio (MER).

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Consensus
Cautious
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Valuation
Overvalued
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Similar
SPY
PARTIAL BUY

Or other similar ETFs? They're all basically the same thing: the S&P 500, the number one index in the world, holding every famous American stock you can think of. Looking ahead, he expects other country indexes to outpace the S&P 500, including the TSX. But you should still have some exposure to the S&P 500. Go with the equal-weighted S&P 500, rather than the hedged or unhedged ETF. Go with the EQL--it's fine. Don't worry about the CAD, because the Bank of Canada won't allow the CAD to go much above 79 cents.

WAIT
It mirrors the S&P 500, which has recently exploded. This ETF is close to its high. He feels the markets are a little overbought now, so wait till things calm, or right now buy a partial position. Warning: there could be a second wave and the US election is coming.
DON'T BUY
A small-cap Japan ETF? Vanguard offers cheap MERs and diversified ETFs, but US stocks are overbought. Look at EM, Europe, Japan, etc. instead. There's a risk of melt-up with US stocks, but not outside the U.S.
WATCH
An interesting ETF that he hasn't looked at before. It's had a spectacular return in the last year. The nice thing about this is that its 10 year average is 16%. They base their weighting on market value so they increase the weighting when a stock does well. It's a strategy that could fail if the market falls.
BUY
Vanguard makes only good ETFs--cheap and does a good job tracking benchmarks. Everyone should invest something in the States. VFV has done well.
WEAK BUY

VEQT vs. VFV vs. XWD He prefers VEQT and XWD, because he'd rather be all-world than just the U.S. He likes diversification. VEQT is all-cap vs. XWD is large-cap, and he prefers all-cap. So, VQET is his top choice here.

BUY
Another S&P index ETF, also excellent. It depends on how you want to play the US market and what you think will happen to the US dollar. Hedge if you think the USD will hurt you. This is steady and good.
BUY
Fees are low. No problem with this. He caveat is that if you invest in something like this you have to buy it for the next 35 years and not open the statements. The other is that his is only US (even as the US market is already global - McDonalds has 60% of sales from international markets). This is market-weight meaning that the largest names will have a higher % skewing to a bit of momentum.
HOLD
Basic Vanguard S&P 500. He prefers VV as it goes to 630 stocks. He still feels good about the US. He is not putting new clients money but he hasn't sold any US exposure.
BUY

This is pretty simple and straightfoward: it covers the S&P 500. There's no hedging in this. It comes down to how you look at the markets now. Himself, he really likes the S&P 500 as a place to invest in. The wild card are rising trade tensions. He believes there will be a resolution at some point. VFV charges only 8 basis points.

BUY

A Canadian ETF that buys the U.S. version, which is a slight advantage when it comes to paying fees. It's a good, cheap way to get exposure to U.S. stocks.

HOLD

Sell this and Buy the hedged version? He just took off of his Canadian hedges today. The Cdn$ has had a strong run up, and there are built-in expectations by the Bank of Canada that the Cd$ is going to go higher. Thinks Bank of Canada has gotten a little ahead of itself and the inflation and growth forecasts for next year are a little too robust. He wouldn’t be worried about the Cdn$ going up further. If you want to be long the US market, you want to stay with the unhedged version.

COMMENT

S&P 500? There are at least a dozen ways to buy this in Canada. Four of the ETF’s each offer at least 2 of the versions. Also, you can get it currency hedged or unhedged. The vast majority of these ETF’s are very similar to one another. Most of them are very, very cheap. This one is among the lowest cost. A great way to get US Large Cap in an unhedged way.

COMMENT

Believes this is a Canadian hedged S&P exposure. This is going to be more popular right now. He is still a big fan of the US market. These types of hedged ETF’s are going to do well.

PAST TOP PICK

(A Top Pick Nov 5/14. Up 16.26%.) The whole reason this has done so well is because it is not hedged. The S&P 500 over this past year has actually lost money. Pretty much 100% of this gain is due to the currency exchange.

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