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

ETF · Currency in CAD · Last updated Jun 24, 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

5 ETFs have low correlation with CFOU.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.050.02—
99
Money MarketCFOU.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.05-0.00—
99
Canadian Government BondsCFOU.TO vs CBIL.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.060.050.04
61
Money MarketCFOU.TO vs HSAV.TO
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.100.370.42
60
Canada EquitiesCFOU.TO vs INOC.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF0.29——
77
Nasdaq-100, Leveraged EquitiesCFOU.TO vs QQQL.TO
See all 72 diversifiers for CFOU.TO

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Diversification Analysis

Build a portfolio that complements CFOU.TO

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