- Issuer
- Global X
- Inception Date
- Jun 11, 2007
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CFOD.TO Performance Chart
BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF (CFOD.TO) is down 34.3% since the beginning of the year. CFOD.TO is currently trading at CA$11 per share. Investors who bought CA$1,000 worth of CFOD.TO shares 5 years ago would now be looking at an investment worth CA$175.
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Returns By Period
BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF (CFOD.TO) has returned -34.29% so far this year and -55.77% over the past 12 months. Over the last ten years, CFOD.TO has returned -29.60% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.
BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF
- 1D
- -1.41%
- 1M
- -16.18%
- YTD
- -34.29%
- 6M
- -33.59%
- 1Y
- -55.77%
- 3Y*
- -41.80%
- 5Y*
- -29.47%
- 10Y*
- -29.60%
Benchmark (S&P 500 Index)
- 1D
- 0.93%
- 1M
- 1.99%
- YTD
- 13.67%
- 6M
- 12.89%
- 1Y
- 25.52%
- 3Y*
- 21.80%
- 5Y*
- 14.76%
- 10Y*
- 14.61%
CFOD.TO Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2007, CFOD.TO's average daily return is -0.09%, while the average monthly return is -2.08%.
Historically, 33% of months were positive and 67% were negative. The best month was Oct 2008 with a return of +24.5%, while the worst month was Mar 2009 at -30.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 10 months.
On a daily basis, CFOD.TO closed higher 43% of trading days. The best single day was Mar 12, 2020 with a return of +24.1%, while the worst single day was Mar 13, 2020 at -27.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.64% | -5.21% | 5.50% | -18.41% | -7.29% | -16.18% | -34.29% | ||||||
| 2025 | -5.11% | 1.01% | 7.00% | -4.98% | -11.15% | -6.64% | -2.96% | -7.94% | -7.96% | -1.92% | -8.38% | -8.88% | -45.59% |
| 2024 | 1.12% | -3.43% | -6.17% | 6.80% | -5.74% | 4.54% | -13.03% | -5.12% | -10.14% | -1.00% | -12.84% | 3.64% | -36.06% |
| 2023 | -13.66% | 2.37% | 12.37% | -5.42% | 11.09% | -7.12% | -6.26% | 9.77% | 4.62% | 11.05% | -17.10% | -12.98% | -16.40% |
| 2022 | -8.07% | 1.28% | -0.00% | 13.11% | -4.49% | 20.55% | -7.31% | 3.85% | 5.23% | -6.41% | -11.30% | 13.03% | 15.26% |
| 2021 | -0.80% | -13.18% | -12.28% | -6.21% | -8.17% | -1.69% | -1.56% | -4.75% | 2.00% | -9.79% | 2.89% | -10.72% | -49.30% |
Benchmark Metrics
BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF has an annualized alpha of -8.20%, beta of -1.29, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since June 12, 2007.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -137.82%), but participation in market rallies was also limited (-114.21%) - a profile typical of counter-cyclical assets.
- Beta of -1.29 may look defensive, but with R2 of 0.42 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -8.20%
- Beta
- -1.29
- R²
- 0.42
- Upside Capture
- -114.21%
- Downside Capture
- -137.82%
Return for Risk
Risk / Return Rank
CFOD.TO ranks 0 for risk / return — in the bottom 0% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF (CFOD.TO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CFOD.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.25 | ||
| Sortino ratioReturn per unit of downside risk | -6.62 | ||
| Omega ratioGain probability vs. loss probability | 0.59 | 1.35 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.79 | -3.80 |
| Martin ratioReturn relative to average drawdown | -1.80 | 10.35 | -12.16 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF was 99.88%, occurring on Jun 30, 2026. The portfolio has not yet recovered.
The current BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF drawdown is 99.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.88%Jun 2026 | 17y 4mo | — | 17y 4moFeb 2009 - now |
Financial crisis2007–2009 | -34.44%Sep 2008 | 2mo 16d | 1mo 20d | 4mo 6dJul 2008 - Nov 2008 |
Financial crisis2007–2009 | -32.81%Jan 2009 | 1mo 16d | 1mo 12d | 2mo 28dNov 2008 - Feb 2009 |
Financial crisis2007–2009 | -29.78%May 2008 | 1mo 15d | 2mo 13d | 3mo 28dMar 2008 - Jul 2008 |
Financial crisis2007–2009 | -18.15%Feb 2008 | 10d | 1mo 4d | 1mo 14dJan 2008 - Mar 2008 |
Drawdown Indicators
| CFOD.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -48.87% | -51.01% |
Max Drawdown (1Y)Largest decline over 1 year | -55.77% | -9.17% | -46.60% |
Max Drawdown (3Y)Largest decline over 3 years | -84.12% | -19.59% | -64.53% |
Max Drawdown (5Y)Largest decline over 5 years | -84.12% | -23.14% | -60.98% |
Max Drawdown (10Y)Largest decline over 10 years | -97.06% | -27.97% | -69.09% |
Current DrawdownCurrent decline from peak | -99.88% | 0.00% | -99.88% |
Average DrawdownAverage peak-to-trough decline | -86.99% | -9.64% | -77.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.94% | 2.47% | +28.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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