In order to pick a trusty vehicle for investing in North America, a good starting point is to line up the top exchange traded funds (ETFs) for Canada, Mexico and USA. For each country, an obvious choice is an index fund with a proven track record as a successful and popular choice amongst the pool of candidates listed in the U.S. stock market.
The next step is to examine the top contenders in terms of growth as well as risk. For a balanced view of performance, the period of evaluation should cover a stretch in which the market has experienced a boom as well as a bust. The index funds can then be compared in terms of the return on investment along with the level of volatility.
Another vital feature involves a compound measure of risk-adjusted return that takes into account the overall payoff as well as the usual level of turbulence in the interim. These factors are examined for the top index funds dealing with Canada, Mexico and the US; namely, EWC, EWW and SPY.