You can view 1 more answer this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

BMO S&P 500 Index ETF (ZSP)
- View ZSP Profile
- View Questions on ZSP
Global X S&P 500 Index Corporate Class ETF (HXS)
- View HXS Profile
- View Questions on HXS
Global X Nasdaq-100 Index Corporate Class ETF (HXQ)
- View HXQ Profile
- View Questions on HXQ
iShares NASDAQ 100 Index ETF (XQQU)
- View XQQU Profile
- View Questions on XQQU

Q: Best non-hedged ETFs in Canadian$ for the S&P500 and NASDAQ to be held in a TFSA?
Many Thanks!

Asked by Carlos on June 26, 2025

5i Research Answer:

We would side with ZSP for S&P 500 exposure (non-hedged, stocks are held directly). XQQU for Nasdaq.

Note there are some options for exposure with NO distributions, and this will reduce withholding tax issues in a TFSA. HXS for the S&P and HXQ for Nasdaq. Fees are a bit higher here due to the swap arrangements done to eliminate distributions.

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

Access to a team of experts ready to answer your investments question
Instant access to over 100,000 archived questions
A community of like-minded investors
Peace of mind knowing that 5i Research has only YOUR best interests in mind

First Name *

Last Name *

E-mail *

Password *

I have read and agree to the Terms of Use