If I spend 10% of my portfolio buying the S&P500 in USD and 10% buying the S&P500 in EUR and after a while USD has gone up 20% against the EUR, would that mean the S&P500 in USD is worth 20% more if I sell both?
I'm wondering if there is some kind of hedge against currency volatility or if it dosen't matter since the base currency of all stocks in the S&P500 is in USD.
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