Smartshares US 500 ETF (USF) not following S&P500 Index any more

[iceman]

The NZD has skyrocketed over that period, more than offsetting gains in the S&P 500.

USF does not hedge its currency exposure so you are investing in the USD as well as the companies. Long term it won't have too much of an effect.

I look at my monthly batch of a few dollars into USF as a hedge into a basket of currencies. Majority of the companies in S&P 500 derive their income from around the World in multiple currencies. I can't think of a better diversification than this ETF., whether diversifying in industries, geography or currencies.