TSE:VSP
Vanguard S&P 500-CAD Hedged (VSP.TO)
Financials 
Technical Analysis 
Jun 8, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
The Vanguard S&P 500-CAD Hedged ETF (VSP-T) provides Canadian investors with exposure to the S&P 500 while mitigating currency risk through hedging. Experts suggest that in the long run, the differences between hedged and unhedged ETFs may even out due to currency fluctuations. However, they caution that significant short-term currency moves can affect returns unpredictably. Holding both hedged and unhedged versions of an ETF could be a strategy to balance exposure. With the Canadian dollar currently below 70 cents, some analysts argue that opting for a hedged ETF may be wise if the currency strengthens in the coming decade, keeping in mind the currency hedge's additional cost of around 1.75%, which is separate from the Management Expense Ratio (MER). Providers like BMO also offer comparable hedged and unhedged options, which are considered to be good alternatives.
Gives you the S&P with a currency hedge. If you think about where the CAD is now, it's a bit below 70 cents. If you're going to hold this for the next decade, he'd argue that the CAD will be a little bit stronger. So may not be a bad idea to buy one with the currency hedge.
There's an annual cost to the currency hedge that's not part of the MER. Today it's about 1.75%. If the CAD is weak, you want your exposure hedged. If it's expensive relative to the US dollar, you probably want exposure to the USD. You can switch between the two in your RRSP.
BMO and other providers also have hedged vs. unhedged versions. They're all very good.
VSP is a hedged version for the S&P index, for those wanting exposure to the S&P but using Canadian dollars. XSP is fairly similar. MER costs are quite low for both. He prefers the market-weighted over the equal-weighted right now. Large and mega-caps will continue to perform well.
His mid-term target for the S&P 500 is 5500, then maybe a pullback in September-October, and then go on to hit 6000 in the first quarter of 2025. Good opportunities in it, even though the market's performed well.
He likes to keep it simple. XSP or VSP are his choices. Both similar, market-weighted, hedged to CAD, track fairly closely to the underlying index. Though there are offerings from other companies, these 2 have the lowest fees.
He normally uses XSP, though there's no huge difference with VSP. Would continue to hold VSP.
John Hood
John Hood
VSP-T vs. ZSP-T. Both are fine holdings. The BMO version contains individual holdings while these two put wrappers around the US versions. There are tax considerations in holding US investments if you hold more than $100,000. He has increased US dollar exposure recently to play the currency short term.
Vanguard S&P 500-CAD Hedged (VSP-T) or Vanguard MSCI US Broad Market (VUS-T)? The difference between these 2 is that one is hedged and the other is not, although VUS holds about 6000 stocks.
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Vanguard S&P 500-CAD Hedged (VSP.TO) Frequently Asked Questions
What is Vanguard S&P 500-CAD Hedged stock symbol?
Vanguard S&P 500-CAD Hedged is a Canadian stock, trading under the symbol VSP.TO (previously VSP-T on Stockchase) on the Toronto Stock Exchange (VSP-CT). It is usually referred to as TSX:VSP or VSP.TO
Is Vanguard S&P 500-CAD Hedged a buy or a sell?
In the last year, 2 stock analysts published opinions about VSP.TO (previously VSP-T on Stockchase). 2 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 Vanguard S&P 500-CAD Hedged.
Is Vanguard S&P 500-CAD Hedged a good investment or a top pick?
Vanguard S&P 500-CAD Hedged was recommended as a Top Pick by John Hood on 2016-02-16. Read the latest stock experts ratings for Vanguard S&P 500-CAD Hedged.
Why is Vanguard S&P 500-CAD Hedged 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 Vanguard S&P 500-CAD Hedged worth watching?
2 stock analysts on Stockchase covered Vanguard S&P 500-CAD Hedged in the last year. It is a trending stock that is worth watching.
What is Vanguard S&P 500-CAD Hedged stock price?
On 2026-06-08, Vanguard S&P 500-CAD Hedged (VSP.TO) stock closed at a price of $116.57.
In the long run, it doesn't matter which to own, because currency fluctuations even out eventually. But short term (which could be many years) a big move can happen and are hard to predict. You could own some of each ETF.