(XSP) iShares Core SP500 (CAD - Ratings and Ratios

The iShares Core S&P 500 (CAD Hedged) ETF, ticker symbol XSP, is a Canadian-listed exchange-traded fund that tracks the Morningstar US Market TR CAD Index, providing investors with exposure to the US equity market while hedging against Canadian dollar currency fluctuations.

From a performance perspective, XSP has demonstrated a strong trend, with its current price above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, SMA200), indicating a bullish momentum. The Average True Range (ATR) suggests a relatively moderate volatility, which may appeal to risk-averse investors.

In terms of key performance indicators (KPIs), XSPs Assets Under Management (AUM) stand at approximately $12.386 billion CAD, indicating a significant investor base and liquidity. The funds tracking of the S&P 500 Index, albeit through the Morningstar US Market TR CAD, implies a diversified portfolio with exposure to the 500 largest US companies, representing a broad spectrum of the US markets performance.

Further analysis reveals that XSPs CAD-hedged feature is designed to mitigate the impact of currency fluctuations between the US dollar and the Canadian dollar, making it an attractive option for Canadian investors seeking US equity exposure without the associated currency risk. This hedging strategy can be particularly valuable during periods of high currency volatility.