TSE:XSP

iShares S&P 500 Index ETF (XSP.TO)

74.74
+1.06 (1.44%)
as of Jun 29, 2026, 7:59:54 pm Market Open.
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Investor Insights
star iconJun 29, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

The iShares S&P 500 Index ETF (XSP-T) has been highly regarded by financial experts, who emphasize its solid performance and reliability as an investment. One expert highlights it as a top pick, noting a significant increase in value, suggesting that it is a core holding that tends to appreciate over time, especially when bought on dips. Another expert mentions the hedged version of the ETF, reinforcing its status as a long-term core holding capable of generating income. This income generation potential provides an alternative to strategies like buying a covered call ETF, making it an attractive choice for investors seeking growth while mitigating risk. Overall, XSP-T emerges as a commendable investment for those looking for stability and potential income in their portfolios.

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Consensus
Positive
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Valuation
Fair Value
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SPY
PARTIAL BUY
Tracks the S&P and is hedged. She doesn't buy ETFs. But an ETF makes sense for some investors who lack the time and expertise. The wider risk is if the market keeps declining and enters a recession. She suggests buying a portion at a time and watching the market.
BUY
An ETF for a TFSA It tracks the S&P 500, hedged against a decline in the US dollar. It's a core position for him. Solid. Also, ZWB, a covered call on Canadian banks, yielding 5.5%, a surrogate for the Canadian economy.
COMMENT
Caller was asking whether EQL could protect against downside in XSP. It depends what is drawing down the market. For example, if it is the Nasdaq and FAANGs, then EQL will protect you since it is underweight these big names. However, if the market is down, it will not help you.
STRONG BUY
Hold it forever. He owns A LOT of this. Watch the currency exchange, because it's hedged. He owns hedged and unhedged. XSP protects against the decline in the USD, so that's why he loves this. Great performance.
BUY
TFSA investment? XSP is based on the S&P500. He always has held this as a core holding in his portfolio.
BUY
Looking for a dividend-growth ETF in a TFSA. Buy the US market with this one, though it pays little yield.
BUY
Whether to own a US ETF that is CAD hedged or not For his clients, he owns both hedged and non-hedged. A small client who wants passive exposure with US cash, he'll open the US version. It depends on your view of the CAD. He wants full exposure to the USD. If you feel the CAD will weaken this year, them own the unhedged which is a solid, great way to get exposure to American stocks.
COMMENT
XUU vs. XSP as the better play in the US market XSP is the S&P and CAD-hedged, while the XUU is the broad US market, including the small- and mid-caps without the CAD hedge. He prefers to play in USD, because the USD is a flight to safety when world markets struggle. You want to hold USD as a general rule.
COMMENT
XUS-T Vs. XSP-T. They are S&P exposure, hedged and unhedged. It is a currency call. He thinks the Canadian $ will weaken into the next recession as it has in past recessions. $0.70 is within reach. The closer to 78 cents, you want that hedging. He will add back below that to his US exposure and it will be unhedged.
COMMENT

Buy a hedged ETF when Canadian dollar is lower? Currency decisions are an active part of their process, they are active on currency decisions, and then they use passive ETFs. Not hedged on anything right now. Canadian dollar is stuck in a range between 0.75 and 0.77 cents. Doesn’t think Canada will raise interest rates as fast as US, which means the Canadian dollar will come under pressure. If you are buying S&P now, you are buying it for a long-term portfolio with 2-5 years horizon, because in the near term you are probably not going to get much out of it. XSP is currency hedged. XUS is not currency hedged, and it’s his ETF of choice in the US. XSP should be in a portfolio and replace big US stocks. His opinion is to don’t edge it. XUS definitively affordable at 0.10% MER. You have to really watch the underlying costs when putting an ETF in your portfolio.

COMMENT

VSP-T vs XSP-T vs ZSP-T. These all have exposure to the US Large Cap market, yet have different returns thus far this year. You have to be careful on these – some are currency hedged and others are not.

COMMENT

In his 41 years experience, he’s never come across anyone who is any good at picking currencies consistently. Buying something hedged will sometimes work for you, but sometimes won’t, and you don’t really know ahead of time. You pay for the hedge as it is built into the cost of running that portfolio. He doesn’t believe in hedging.

BUY

$40,000 in a TFSA to invest in US and international equities giving protection of the principal amount? When looking at US and International ETF’s, he is not a huge fan of emerging markets. If he were doing it, he would look at VEE-T emerging-market, ZWE on Europe and the XSP on the S&P 500.

PAST TOP PICK

(Top Pick Jan 19/16, Up 30%) It is a core holding. He continues to hold it. He is generally positive on the US. He bought it and stayed with it.

COMMENT

iShares S&P 500 (CAD-Hedged) (XSP-T) or iShares Russell 2000 (CAD-Hedged) (XSU-T)? He frequently talks about factor investing, and one of the factors that is very real and very tangible is the small caps outperforming large caps over time. As a result, he expects XSU will give slightly higher returns, although it is a bit more volatile.

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