BGC.TO vs. CFOU.TO
BGC.TO (Bristol Gate Concentrated Canadian Equity ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both exchange-traded funds - BGC.TO is a Canada Equities fund actively managed by Bristol Gate, while CFOU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Financials Index. BGC.TO is actively managed, while CFOU.TO is passively managed. Over the past 5 years, BGC.TO returned 8.03%/yr vs 35.25%/yr for CFOU.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
BGC.TO vs. CFOU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGC.TO achieves a 2.35% return, which is significantly lower than CFOU.TO's 55.99% return.
BGC.TO
- 1D
- 0.10%
- 1M
- 3.29%
- 6M
- 2.16%
- YTD
- 2.35%
- 1Y
- 6.21%
- 3Y*
- 10.26%
- 5Y*
- 8.03%
- 10Y*
- —
CFOU.TO
- 1D
- 3.03%
- 1M
- 14.19%
- 6M
- 52.95%
- YTD
- 55.99%
- 1Y
- 124.75%
- 3Y*
- 66.87%
- 5Y*
- 35.25%
- 10Y*
- 26.04%
BGC.TO vs. CFOU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGC.TO Bristol Gate Concentrated Canadian Equity ETF | 2.35% | 8.06% | 13.80% | 17.67% | -5.52% | 18.08% | 0.70% | 29.04% | -10.58% |
CFOU.TO BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF | 55.99% | 69.17% | 56.15% | 18.37% | -23.64% | 79.61% | -14.72% | 40.48% | -16.40% |
Correlation
The correlation between BGC.TO and CFOU.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.34 |
Over the past year, the correlation between BGC.TO and CFOU.TO has dropped to 0.13 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
BGC.TO vs. CFOU.TO — Risk / Return Rank
BGC.TO
CFOU.TO
BGC.TO vs. CFOU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) and BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BGC.TO | CFOU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.41 | ||
| Sortino ratioReturn per unit of downside risk | -4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.72 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 7.80 | -7.10 |
| Martin ratioReturn relative to average drawdown | 1.87 | 31.88 | -30.01 |
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Drawdowns
BGC.TO vs. CFOU.TO - Drawdown Comparison
The maximum BGC.TO drawdown since its inception was -36.73%, smaller than the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for BGC.TO and CFOU.TO.
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Drawdown Indicators
| BGC.TO | CFOU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.73% | -86.23% | +49.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -16.08% | +7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -24.95% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -45.23% | +31.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.30% | — |
Current DrawdownCurrent decline from peak | -0.52% | 0.00% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -22.31% | +18.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.93% | -0.70% |
Volatility
BGC.TO vs. CFOU.TO - Volatility Comparison
The current volatility for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) is 2.91%, while BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) has a volatility of 6.90%. This indicates that BGC.TO experiences smaller price fluctuations and is considered to be less risky than CFOU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGC.TO | CFOU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 6.90% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 21.51% | -12.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 25.59% | -13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 27.69% | -14.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 33.80% | -17.83% |
Dividends
BGC.TO vs. CFOU.TO - Dividend Comparison
Neither BGC.TO nor CFOU.TO has paid dividends to shareholders.
Frequently Asked Questions
BGC.TO and CFOU.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGC.TO is categorized as Canada Equities, while CFOU.TO is Leveraged Equities. They also come from different issuers: Bristol Gate and Global X.
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