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BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 14, 2026

The BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the S&P/TSX Capped Financials Index. The index tracks the performance of Canadian financial services companies. As a daily leveraged product, CFOU is designed for short-term trading and is not intended as a buy-and-hold investment due to the effects of daily compounding over longer periods.

Looking to diversify beyond CFOU.TO? The ETFs below have the lowest correlation with CFOU.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CFOU.TO.

Best Diversifiers for CFOU.TO

7 ETFs have low correlation with CFOU.TO (below 0.3), 4 of which are negatively correlated. The least correlated is BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) (Leveraged Equities) with a 1Y correlation of -0.17, down from 0.27 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NRGU.TO
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF-0.170.110.27
79
Leveraged EquitiesCFOU.TO vs NRGU.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.160.110.27
79
Energy Equities, Canada EquitiesCFOU.TO vs XEG.TO
CASH.TO
Global X High Interest Savings ETF-0.060.02—
100
Money MarketCFOU.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.030.00—
99
Canadian Government BondsCFOU.TO vs CBIL.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.070.040.04
64
Money MarketCFOU.TO vs HSAV.TO
See all 85 diversifiers for CFOU.TO

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Diversification Analysis

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Analyze a portfolio with CFOU.TO