- Issuer
- Global X
- Inception Date
- Jan 15, 2008
- Category
- Inverse Commodities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
Share Price Chart
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Performance
HND.TO Performance Chart
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF (HND.TO) is down 46.1% since the beginning of the year. HND.TO is currently trading at CA$20 per share. Investors who bought CA$1,000 worth of HND.TO shares 5 years ago would now be looking at an investment worth CA$33.
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Returns By Period
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF (HND.TO) has returned -46.11% so far this year and -44.03% over the past 12 months. Over the last ten years, HND.TO has returned -35.47% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF
- 1D
- -5.19%
- 1M
- 1.10%
- YTD
- -46.11%
- 6M
- -39.16%
- 1Y
- -44.03%
- 3Y*
- -31.99%
- 5Y*
- -49.43%
- 10Y*
- -35.47%
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%
HND.TO Monthly Returns History
Based on dividend-adjusted daily data since Jan 16, 2008, HND.TO's average daily return is +0.13%, while the average monthly return is +2.70%. At this rate, an investment would double in approximately 2.2 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jul 2008 with a return of +106.4%, while the worst month was Jul 2022 at -64.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HND.TO closed higher 51% of trading days. The best single day was Sep 16, 2009 with a return of +62.5%, while the worst single day was Sep 15, 2009 at -50.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -63.75% | 71.79% | -8.53% | 17.48% | -20.36% | 1.10% | -46.11% | ||||||
| 2025 | -8.08% | -42.00% | -19.35% | 42.00% | 5.35% | -3.07% | 20.41% | 8.25% | -5.08% | -12.82% | -23.79% | 26.34% | -35.25% |
| 2024 | -5.06% | 20.05% | 22.44% | -7.86% | -32.13% | -7.49% | 51.18% | 0.43% | -33.24% | 48.63% | -30.56% | -34.29% | -44.51% |
| 2023 | 89.86% | -10.03% | 43.95% | -9.19% | 20.49% | -34.32% | 4.11% | -9.75% | 9.41% | -25.57% | 89.46% | 12.09% | 187.12% |
| 2022 | -55.26% | -1.68% | -44.12% | -45.63% | -31.96% | 66.10% | -64.42% | -26.32% | 61.79% | 10.15% | -25.25% | 95.71% | -89.67% |
| 2021 | -9.89% | -20.79% | 12.50% | -18.28% | -5.44% | -35.82% | -12.02% | -22.92% | -49.25% | 0.59% | 28.31% | 29.65% | -77.06% |
Benchmark Metrics
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF has an annualized alpha of 41.60%, beta of -0.29, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 16, 2008.
- This ETF participated in 30.30% of S&P 500 Index downside but only -49.61% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.29 may look defensive, but with R2 of 0.00 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 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 41.60%
- Beta
- -0.29
- R²
- 0.00
- Upside Capture
- -49.61%
- Downside Capture
- 30.30%
Return for Risk
Risk / Return Rank
HND.TO ranks 6 for risk / return — in the bottom 6% 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 Natural Gas Inverse Leveraged Daily Bear ETF (HND.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.
| HND.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 2.79 | -3.38 |
| Martin ratioReturn relative to average drawdown | -0.99 | 10.35 | -11.34 |
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 Natural Gas Inverse Leveraged 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 Natural Gas Inverse Leveraged Daily Bear ETF was 99.90%, occurring on Aug 22, 2022. The portfolio has not yet recovered.
The current BetaPro Natural Gas Inverse Leveraged Daily Bear ETF drawdown is 99.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -99.90%Aug 2022 | 10y 4mo | — | 14y 2moApr 2012 - now |
Financial crisis2007–2009 | -74.81%Sep 2009 | 11d | 2y 2mo | 2y 2moSep 2009 - Nov 2011 |
Financial crisis2007–2009 | -71.44%Jul 2008 | 5mo 11d | 3mo 5d | 8mo 16dJan 2008 - Oct 2008 |
Financial crisis2007–2009 | -46.73%May 2009 | 14d | 3mo 10d | 3mo 24dApr 2009 - Aug 2009 |
Financial crisis2007–2009 | -31.70%Mar 2009 | 5d | 14d | 19dMar 2009 - Apr 2009 |
Drawdown Indicators
| HND.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -48.87% | -51.03% |
Max Drawdown (1Y)Largest decline over 1 year | -75.25% | -9.17% | -66.08% |
Max Drawdown (3Y)Largest decline over 3 years | -91.66% | -19.59% | -72.07% |
Max Drawdown (5Y)Largest decline over 5 years | -98.13% | -23.14% | -74.99% |
Max Drawdown (10Y)Largest decline over 10 years | -99.57% | -27.97% | -71.60% |
Current DrawdownCurrent decline from peak | -99.84% | 0.00% | -99.84% |
Average DrawdownAverage peak-to-trough decline | -76.27% | -9.64% | -66.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.46% | 2.47% | +41.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with HND.TO
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