Best ETFs in Canada for 2024

The difficulty with ETFs, although, is abundance. 

As of March 31, 2024, there have been 1,129 ETFs from 40 fund sponsors buying and selling on Canadian exchanges, in response to the Canadian ETF Association. Collectively they held round $423 billion in property underneath administration.

Our goal all together with this annual “Greatest ETFs” report—now in its twelfth version—has been to slim down the record of choices for do-it-yourself traders to assemble a well-diversified, low-fee portfolio that can seemingly carry out as properly or higher than most professionally managed ones. This 12 months we enlisted 11 skilled advisors, monetary planners, funding analysts and bloggers from throughout Canada to appoint and decide what they think about the most effective ETFs in seven classes. They regarded for attributes together with acceptable publicity to the asset class or class, low administration charges, excessive liquidity (low bid/ask spreads) and shut monitoring to the indices they cowl.

Readers acquainted with our previous “Greatest ETFs” experiences will discover one thing new this 12 months. Recognizing the newfound reputation of high-interest financial savings and cash market ETFs since rates of interest began climbing two years in the past, we added a class for cash-alternative funds. These ETFs are nice for stashing cash that you just would possibly want within the close to future in a tax-free savings account (TFSA), first home savings account (FHSA) or some other account. You received’t have to fret about volatility, and also you’ll nonetheless earn a return that can maintain you one step forward of inflation.

Within the desk beneath, you’ll discover the most effective ETFs in Canada, as judged by our panel. Slide the columns proper or left utilizing your fingers or mouse to disclose extra information. You’ll be able to obtain the information to your machine in Excel, CSV and PDF codecs. 

The very best ETFs in Canada—the 2024 version

Our methodology for the most effective ETFs for Canadian traders

With the addition of the money ETFs class this 12 months, we’ve divided our picks into seven classes that we expect are all you actually need to handle your personal funding portfolio. On the fairness aspect, we’ve separate classes for Canadian, U.S. and worldwide shares. One other class covers the most effective fixed-income funds, which maintain bonds and generally most well-liked shares. There may be the aforementioned money class. And, for traders who’d reasonably not get into the weeds of portfolio building and rebalancing of a number of funds, we’ve a class of one-decision ETFs (recognized within the business as asset allocation or all-in-one ETFs) that cowl all of the bases.

We requested our panel to appoint their go-to ETFs in every class, from which we compiled an extended record of candidates. We then had them vote sure or no to all the funds on the lists. The highest three vote-getters in every class (extra within the case of a tie) made up our remaining “Greatest ETFs” choice introduced right here.

Lastly, we challenged every of our judges to call one desert-island decide: an ETF that sometimes wouldn’t make it by our standard filters however that they assume are nonetheless value a glance. These are listed in a bonus seventh class.

There are, after all, many extra ETFs on the market (to not point out particular person shares) that you could be select to enhance these core elements in your brokerage account. However with these “Greatest ETFs” as your basis, you received’t go too far unsuitable.