Buy, Sell or Hold: Horizons S&P 500 (HXS-T) — Stock Predictions at Stockchase

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Horizons S&P 500 (HXS-T)

TSE:HXS

75.14

0.08 (0.11%) 1d

Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

Horizons S&P 500 (HXS-T) is recognized as a top choice for Canadians seeking S&P 500 exposure, particularly from a tax efficiency standpoint. Reviews highlight its capability to track the total return of the US market while being a favorable option in taxable Canadian accounts. The ETF does not distribute annual returns, further enhancing its tax efficiency, which is a significant advantage for investors. However, some experts note that despite its strengths, there may be slightly higher costs associated with it compared to other options. Additionally, recent commentary indicates a shift in bullish sentiment towards the ETF, with some experts beginning to reduce their positions, suggesting a more cautious outlook compared to earlier in the year.

Consensus

Positive

Valuation

Fair Value

Similar

Vanguard S&P 500 Index ETF, VFV-T

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.

COMMENT

The S&P 500. He has never heard of a triple bottom. You can't hang your hat on it. It is based on statistics. A triple bottom has high odds of not holding. It is a fantastic way to gain exposure but no matter how they structure it, you are still buying the S&P 500.

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Horizons S&P 500(HXS-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 8

Stockchase rating for Horizons S&P 500 is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Horizons S&P 500(HXS-T) Frequently Asked Questions

What is Horizons S&P 500 stock symbol?

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

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

In the last year, 8 stock analysts published opinions about HXS-T. 4 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation 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 on . 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 help on deciding if you should buy, sell or hold the stock.

Is Horizons S&P 500 worth watching?

8 stock analysts on Stockchase covered Horizons S&P 500 In the last year. It is a trending stock that is worth watching.

What is Horizons S&P 500 stock price?

On 2025-04-17, Horizons S&P 500 (HXS-T) stock closed at a price of $75.14.

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Horizons S&P 500 (HXS-T)

TSE:HXS

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T)

Horizons S&P 500(HXS-T) Rating

Horizons S&P 500(HXS-T) Frequently Asked Questions

What is Horizons S&P 500 stock symbol?

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

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

Why is Horizons S&P 500 stock dropping?

Is Horizons S&P 500 worth watching?

What is Horizons S&P 500 stock price?

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