Investing

Why does ZSP (BMO) perform better than VSP (Vanguard) and XSP (IShares)?

  • Last Updated:
  • Apr 24th, 2019 5:36 pm
[OP]
Sr. Member
Jul 7, 2007
906 posts
392 upvotes

Why does ZSP (BMO) perform better than VSP (Vanguard) and XSP (IShares)?

All three are CAD hedged and they all seek to replicate, to the extent possible, the performance of the S&P500.

If you look at ZSP, it is already 3% higher than its all time high back in fall of 2018. The VSP and XSP (as of today), have not yet passed their Sept 2018 highs.

ZSP lost 16% during the fall 2018 selloff and both XSP and VSP lost 20% during the fall 2018 selloff.

ZSP had a 88% gain over 5 years
XSP had a 51% gain over 5 years
VSP had a 51% gain over 5 years

Can anyone explain to me whats going on? I'm with BMO Investorline and by sheer luck I have been holding ZSP but I have no idea why its outperforming the other two popular S&P500 ETFs.

The last 5 days, ZSP is up 2.1% while XSP and VSP are up 0.5%. Very strange to me.
4 replies
Sr. Member
User avatar
Feb 1, 2012
973 posts
1031 upvotes
Thunder Bay, ON
ZSP is not hedged. ZUE is S&P500 hedged to CAD.
Invest your time actively and your money passively.
[OP]
Sr. Member
Jul 7, 2007
906 posts
392 upvotes
Deepwater wrote:
Apr 24th, 2019 10:53 am
ZSP is not hedged. ZUE is S&P500 hedged to CAD.
Well ****. Well thats embarrassing for me, should have looked closer.
Sr. Member
User avatar
Feb 1, 2012
973 posts
1031 upvotes
Thunder Bay, ON
Zero Hope wrote:
Apr 24th, 2019 11:11 am
Well ****. Well thats embarrassing for me, should have looked closer.
**** happens. Just make sure you look very close before pressing the Submit Order button on your broker website or really bad **** could happen! :facepalm:
Invest your time actively and your money passively.
Deal Addict
Feb 4, 2015
4327 posts
1305 upvotes
Canada, Eh!!
Zero Hope wrote:
Apr 24th, 2019 11:11 am
Well ****. Well thats embarrassing for me, should have looked closer.
Deepwater wrote:
Apr 24th, 2019 11:24 am
**** happens. Just make sure you look very close before pressing the Submit Order button on your broker website or really bad **** could happen! :facepalm:
Wanna hear something more embarrassing...

Few weeks ago I was trying out new order entry system... so decided to put in AMZN order at $1750 when it was already down $20 that day... Thinking or lack thereof was that since already down $20 that day then it ain't going down another $30!!

Later in afternoon was shocked when it hit $1748 and hence order filled. AMZN went up since then but could have done opposite so LESSON learned!!

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