2 Best Equal-Weight S&P 500 ETFs in Canada (June 2026)
The best equal weight s&p 500 etf canada are diversified funds that give Canadians efficient access to foreign markets with low fees. Key choices include region coverage, currency hedging, and account placement to manage withholding tax.
International ETFs help Canadians diversify beyond the TSX, spreading exposure across different countries, currencies, and economic cycles.
The right choice depends on region coverage, fees, and whether you want currency hedging.
Below are the best options for best equal weight s&p 500 etf canada, along with how they fit in a Canadian portfolio.
At a Glance: Quick Comparison
Side-by-side snapshot of fees, yield, and returns. Data updates daily.
| ETF | MER | AUM | Yield | YTD | 1Y |
|---|---|---|---|---|---|
Top ZUE.TO BMO S&P 500 (CAD Hedged) | — | $4.6B | 0.80% | +7.74% | +21.61% |
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD Units | — | $1.8B | 1.27% | +12.34% | +22.81% |
What Is an ETF?
International and geographic ETFs invest outside Canada, giving you exposure to foreign markets and currencies.
They can reduce Canada-home bias and diversify economic risks, but may introduce currency swings and foreign withholding taxes.
Choosing between hedged and unhedged versions is a key decision.
The 2 Best ETFs: Ranked & Reviewed
Detailed breakdown of each pick with live data.
BMO S&P 500 (CAD Hedged)
$100.13
+7.74% YTD
Returns
YTD
+7.74%
1Y
+21.61%
3Y
+19.06%
5Y
+11.64%
Invesco S&P 500 Equal Weight Index ETF CAD Units
$45.14
+12.34% YTD
NA
Returns
YTD
+12.34%
1Y
+22.81%
3Y
+16.37%
5Y
+11.28%
Pros & Cons
Pros
- Diversifies beyond Canada and reduces home bias
- Access to regions and sectors underrepresented on the TSX
- Can smooth long-term returns across economic cycles
Cons
- Currency swings can add volatility
- Foreign withholding taxes may reduce returns in some accounts
- Region-specific ETFs can be concentrated
Compare These ETFs Head-to-Head
Drill into a side-by-side breakdown of performance, AUM, and yield.
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Frequently Asked Questions
Should Canadians buy hedged or unhedged international ETFs?
Unhedged ETFs add currency exposure, which can diversify returns. Hedged ETFs reduce currency swings but can add costs. Choice depends on time horizon and your comfort with FX volatility.
Do international ETFs have withholding tax?
They can. Withholding tax depends on the country and account type. In RRSPs, U.S.-listed ETFs can sometimes reduce U.S. withholding tax, but Canadian-listed wrappers may still have some drag.
How much international exposure should a Canadian portfolio have?
Many diversified portfolios hold a meaningful allocation outside Canada to reduce home bias. The exact mix depends on your goals, risk tolerance, and existing holdings.