- iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH)
- iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ)
- Vanguard S&P 500 Index ETF (CAD-hedged) (VSP)
Q: Are there any broad US market ETF's that I can buy in Canadian dollars that will be neutral to whether the Canadian dollar goes up or down vs the US. I am worried that if I convert too much money to USD at the current rate, it might backfire on me if our dollar somehow rallies, (which seems unlikely right now, but who knows)
5i Research Answer:
This would be most CAD-hedged ETFs, where the ETF is denominated in CAD and the performance of the ETF should reflect the performance of the underlying holdings, regardless of USD/CAD movements.
A few broad US market ETFs that are CAD-hedged that we like include: XQQ, VSP, and XUH.