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  5. XSP: Zcn- Zmi- Vidy- maw104- xbal- these 5 etf’s make up 15% of my 2 portfolios- rrif and non registered account. [iShares Core S&P 500 Index ETF (CAD-Hedged)]
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Q: Zcn- Zmi- Vidy- maw104- xbal- these 5 etf’s make up 15% of my 2 portfolios- rrif and non registered account. Do you see anything overlapping too much? Would you keep maw104 or change to a lower mer etf.( suggestions). As I’m slowly changing from a growth to more conservative portfolio could you suggest another etf that may complement these 5 , and
Is Vidy a good choice for xNorth America?
Thanks
Asked by Brad on April 20, 2026
5i Research Answer:

We think this is a good balance of ETFs, looking for more of an 'income' type of focus. MAW104 and XBAL might have a bit of overlap in terms of exposure/style but nothing we would be too concerned about. We might consider owning something like an S&P 500 ETF for some diversified US exposure such as VFV or XSP. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.