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Investment Q&A

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BMO S&P 500 Index ETF (ZSP $97.15)
- $97.15 P/E (TTM): 80.87X Cap: $19.53B
- View ZSP Profile
- View Questions on ZSP
Global X S&P 500 Index Corporate Class ETF (HXS $91.32)
- $91.32 Cap: $4.70B
- View HXS Profile
- View Questions on HXS
Global X Nasdaq-100 Index Corporate Class ETF (HXQ $92.20)
- $92.20 P/E (TTM): 96.05X Cap: $1.14B
- View HXQ Profile
- View Questions on HXQ
iShares NASDAQ 100 Index ETF (XQQU $76.60)
- $76.60 P/E (TTM): 98.87X Cap: $136M
- 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.

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