Investor Insights

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

Based on the experts' reviews, Horizons S&P 500 (HXS-T) is seen as a good long-term investment for investors looking for exposure to the US market. It is viewed as a tax-efficient option with the potential for total returns in capital gains due to its structure as an 'total return' ETF. It is recommended for RRSPs and TFSAs, and is seen to have more momentum in US stocks than in Canada. Overall, it is considered a good option for long-term investors seeking exposure to the S&P 500.

Consensus
Positive
Valuation
Fair Value
TOP PICK
Horizons S&P 500

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.  

E.T.F.'s
BUY
Horizons S&P 500

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

E.T.F.'s
BUY
Horizons S&P 500
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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E.T.F.'s
BUY
Horizons S&P 500
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.

E.T.F.'s
BUY
Horizons S&P 500
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%.
E.T.F.'s
BUY
Horizons S&P 500

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

E.T.F.'s
COMMENT
Horizons S&P 500
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.
E.T.F.'s
COMMENT
Horizons S&P 500
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.
E.T.F.'s
BUY
Horizons S&P 500

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

E.T.F.'s
COMMENT
Horizons S&P 500
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.
E.T.F.'s
COMMENT
Horizons S&P 500
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.
E.T.F.'s
HOLD
Horizons S&P 500

He likes the S&P500. He hasn’t sold anything. This is interesting because this is a total return swap. There are no distributions here. No income. No withholding taxes which is good for RRSPs.

E.T.F.'s
BUY
Horizons S&P 500

HXS-T and HXT-T in a non-registered account. He likes this strategy based on a total return swap. You only pay capital gains tax. There is no distribution. If you believe the markets will go higher for a number of years these are great instruments. A buy and hold for many years.

E.T.F.'s
COMMENT
Horizons S&P 500

HXS-T vs. XUS-T vs. VUN-T. HXF is the financial swap based ETF and the swap fee has a fee of zero. It is Canadian bank that is doing the swaps. When you sell it down the line you will have compounded the yield. There are reasons to buy into Canadian financials at this time. HXF is a good idea.

E.T.F.'s
PAST TOP PICK
Horizons S&P 500

(Top Pick Aug 07/15, Up 5.11%) There are no distributions. All you get is the total return of capital gains. The ETF is based on a swap.

E.T.F.'s
Showing 1 to 15 of 26 entries

Horizons S&P 500(HXS-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

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, 3 stock analysts published opinions about HXS-T. 3 analysts recommended to BUY the stock. 0 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?

3 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 2024-02-23, Horizons S&P 500 (HXS-T) stock closed at a price of $69.85.