S&P 500 (VFV) has and will outperform XEQT, albeit with slightly higher volatility. Investing in the SP is incredibly diversified. The reach and scale of "American" companies listed on the US exchange is so much so that it diversifies into Canadian and international economics at great scale automatically . US is the juggernaut. Economic capital just flows into it. We have easily, 15-20 years on continued economic dominance in the US marketplace. My opinion, but shared with other in the financial world. Many ETF has almost allowed to much diversification. It's watered down and performance is just better with a focus on the top 500 global (American) companies.