Best ETFs for 2024: Best U.S. equity ETFs

By Michael McCullough on May 23, 2024
Estimated reading time: 3 minutes

The MoneySense Best ETFs panel reveals what to look at for the best exchange-traded funds for exposure to companies south of the border.

The real question around choosing a U.S. equity core fund revolves around how you want to slice and dice it. Some investors like the plain-vanilla S&P 500. Others prefer to torque their Magnificent 7 exposure with a Nasdaq-focused fund. Still others want broader exposure that includes small and mid-caps.

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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

The one thing almost all our judges could agree on is low fees for U.S. exchange-traded funds (ETFs), which is how iShares Core S&P US Total Market Index ETF (XUU) and TD U.S. Equity Index ETF (TPU) rose to the top of our polling. But there was also strong support for Vanguard U.S. Total Market Index ETF (VUN), which for a slightly higher fee includes exposure to more than 3,500 U.S. stocks. In other words, if one or two of those smaller holdings turn out to be the next Nvidia, the fund’s holders will benefit.

In the table below, you’ll find the best U.S. equity ETFs for Canadian investors, as judged by our panel. Slide the columns right or left using your fingers or mouse to reveal more data. You can download the data to your device in Excel, CSV and PDF formats.

Best U.S. equity ETFs

wdt_ID	Fund name	Ticker	Management fee	MER	Holdings	Description
1	Vanguard U.S. Total Market Index	VUN	0.15%	0.17%	3,725	Exposure to a huge number of stocks for a slightly higher fee
2	iShares Core S&P U.S. Total Market Index	XUU	0.07%	0.07%	2,671	Low fees, broad diversification, low tracking error
3	TD U.S. Equity Index	TPU	0.06%	0.07%	497	Tracks Solactive index with very low turnover
	Fund name	Ticker	Management fee	MER	Holdings	Description

Table of Contents: Best ETFs for Canadian Investors

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About Michael McCullough

Michael is a financial writer and editor in Duncan, B.C. He’s a former managing editor of Canadian Business and editorial director of Canada Wide Media. He also writes for The Globe and Mail and BCBusiness.

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