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The best Canadian ETFs in September 2022

Find the best Canadian ETFs with our list of ETFs that track Canadian businesses and are the highest performing by revenue.

The ETFs on this page track Canadian businesses and are listed on US stock exchanges. We ranked them based solely on their returns. Given the volatility of the stock market, some of the best Canadian ETFs listed here may have shifted since we last updated this page.

Best performing Canadian ETFs: Year-to-date performance

As of September 2022, the top performing ETFs that track Canadian businesses so far this year are:

SymbolETF nameYTD returnsAnnual dividend yield
FXCInvesco CurrencyShares Canadian Dollar Trust-3.90%0.00%
HEWCiShares Currency Hedged MSCI Canada ETF-7.85%1.51%
FLCAFranklin FTSE Canada ETF-11.01%1.89%
BBCAJPMorgan BetaBuilders Canada ETF-11.46%1.65%
EWCiShares MSCI Canada ETF-11.70%1.57%
SGDMSprott Gold Miners ETF-24.34%0.31%

Source: ETF Database

Best performing Canadian ETFs: 1-year performance

As of September 2022, the top performing ETFs that track Canadian businesses over the last year are:

SymbolETF name1-year returnsAnnual dividend yield
HEWCiShares Currency Hedged MSCI Canada ETF-3.72%1.51%
FXCInvesco CurrencyShares Canadian Dollar Trust-4.19%0.00%
FLCAFranklin FTSE Canada ETF-6.33%1.89%
BBCAJPMorgan BetaBuilders Canada ETF-7.07%1.65%
EWCiShares MSCI Canada ETF-7.97%1.57%
SGDMSprott Gold Miners ETF-23.37%0.31%

Source: ETF Database

Best performing Canadian ETFs: 5-year performance

As of September 2022, the top performing ETFs that track Canadian businesses over the last 5 years are:

SymbolETF name5-year returnsAnnual dividend yield
HEWCiShares Currency Hedged MSCI Canada ETF45.88%1.51%
EWCiShares MSCI Canada ETF36.32%1.57%
SGDMSprott Gold Miners ETF-2.03%0.31%
FXCInvesco CurrencyShares Canadian Dollar Trust-3.49%0.00%

Source: ETF Database

Picking the best Canadian ETFs for your situation

With thousands of ETFs to choose from, finding the best ones that fit your portfolio and investing strategy can help protect you from loss. Some points to consider when deciding which ETFs are best for you.

  • Timeframe. Decide your investment timeframe and under what circumstances you’d consider selling.
  • Have a strategy. Think about if you can afford to take on a riskier short-term investment or if you prefer to be more conservative. If you prefer lower risk, you could also consider index funds.
  • Understand the product. Do your research of the listed fund. Download its prospectus and read through the details.
  • Check the returns. Look at the returns, including all fees over different periods of time. How has it performed over a one-year period? How has it performed over several years?
  • Understand the fees. Fees strongly influence your return on investment. Make sure the returns outshine the ETF’s management fees and pick a broker with fees that match your trading habits.
  • Talk to a financial adviser. If you’re not clear about an investment, how it works or its returns, contact a licensed professional to help you learn more.

A beginner’s guide to exchange-traded funds (ETFs)

Understanding ETF fees

There’s a direct correlation between high fees and an ETF’s overall performance. When fees are higher, returns tend to be lower and vice versa. There are two main costs involved when investing in listed funds: brokerage and management fees.

  • Brokerage fees. Like with stocks, your broker may charge a transaction fee every time you invest money into an ETF. This fee comes down to which trading platform or brokerage you use.
  • Management fee. This is often displayed as the management expense ratio (MER), which is the percentage of your return charged as fees by the ETF’s fund managers. Normally, the more work a fund manager has to do to keep the ETF profitable, the higher the fee – though this won’t always be the case. This is why many active ETFs charge higher fees than index ETFs, which passively track an index.

To find a platform that offers the lowest fees, you’ll first need to decide how much you want to invest in the fund and how many lump sums you’ll be investing over a year. If it’s just one lump sum, a platform that doesn’t charge an inactivity fee will be key. If you plan on frequently adding small amounts, the brokerage fee itself will be more important.

Brokerage fees range from around $0 to $5 per transaction and ETF management fees range from about 0.05% to 2.5%.

How to invest in an ETF in Canada

Once you’ve considered the risks of investing in ETFs and worked out your financial goals, you can buy and sell units in an ETF like any stock on the stock market through a fund manager or an online trading platform.

To invest in ETFs through an online trading platform, you’ll need to do the following:

  1. Search for a trading platform that suits your investment needs.
  2. Sign up by providing personal details, proof of citizenship and proof of ID.
  3. Log in to your trading account.
  4. Move money into your trading account through a bank transfer.
  5. Search for the ETF on your platform and place an order.

Compare trading platforms to invest in the best Canadian ETFs

1 - 5 of 5
Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Offer
OFFER
CIBC Investor's Edge
Finder Rating:
★★★★★
4 / 5
$4.95–$6.95
$0 if conditions met, else $100/year
Stocks, Bonds, Options, Mutual Funds, ETFs
Young investors 18 to 24 can get free online trades and a $0 annual account fee. Conditions apply.
Interactive Brokers
Finder Rating:
★★★★★
4.1 / 5
min $1.00, max 0.5%
$0
Stocks, Bonds, Options, ETFs, Currencies, Futures
Questrade
Finder Rating:
★★★★★
4.2 / 5
$4.95 - $9.95
$0
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
Get $50 in free trades when you fund your account with a minimum of $1,000.
FREE TRADES
Wealthsimple
Finder Rating:
★★★★★
3.9 / 5
$0
$0
Stocks, ETFs
Get $25 when you open a Wealthsimple account and fund at least $150.
OFFER
Qtrade Direct Investing
Finder Rating:
★★★★★
4.1 / 5
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
Get almost $500 in commission free trades when you fund your new account with a minimum of $10,000. Conditions apply. Ends October 31, 2022.
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Compare up to 4 providers

Where can I view ETF fund facts?

Basic details about a fund can be found in its ETF Facts document, which the Canadian Securities Administrators (CSA) requires fund managers to provide investors. The document is no more than 4 pages and is known in other countries as Key Investor Information Documents (KIIDs).

The ETF Facts document breaks down key information about a fund including:

  • Quick facts
  • Trading information (stock exchange, ticker symbol, how ETFs are traded etc.)
  • Pricing information
  • Holdings
  • Distributions (dividends)
  • Risk level & who should invest
  • Performance over the past 10 years
  • Cost & fees

You can view all public filings related to ETFs and other regulated Canadian securities in the SEDAR database. Much of this information is also viewable on financial websites like Yahoo Finance and MarketWatch.

Bottom line

Business cycles, demographic trends and bull or bear markets can often last for years, so ETFs with strong momentum sometimes continue to perform strongly — and vice versa.

Comparing recent performance of ETFs can help inform your investment planning and provide you with ideas for where to invest your money. From there, continue to research your investment choices and be as thorough with the trading platforms and services you consider.


Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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