PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) Diversifiers

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

CNDU seeks daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the S&P/TSX 60 Index. The fund does not seek to achieve its stated investment objective over a period of time greater than one day.

Looking to diversify beyond CNDU.TO? The ETFs below have the lowest correlation with CNDU.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 CNDU.TO.

Best Diversifiers for CNDU.TO

1 ETFs have low correlation with CNDU.TO (below 0.3), 0 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 0.06, down from 0.45 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NRGU.TO
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF0.060.310.45
79
Leveraged EquitiesCNDU.TO vs NRGU.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF0.31——
90
Leveraged Equities, S&P 500CNDU.TO vs USSL.TO
SOXU.TO
MegaLong (3X) US Semiconductors Daily Leveraged Al...0.37——
93
Leveraged EquitiesCNDU.TO vs SOXU.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF0.39——
73
Nasdaq-100, Leveraged EquitiesCNDU.TO vs QQQL.TO
HBNK.TO
Global X Equal Weight Banks Index ETF0.700.74—
98
Financials Equities, Equal WeightCNDU.TO vs HBNK.TO
See all 12 diversifiers for CNDU.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements CNDU.TO

Add CNDU.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CNDU.TO