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CFOU.TO vs. CNDU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CFOU.TO vs. CNDU.TO

Last updated Jun 5, 2026

CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) and CNDU.TO (BetaPro S&P/TSX 60 2x Daily Bull ETF) are both Leveraged Equities funds - CFOU.TO tracks the S&P/TSX Capped Financials Index while CNDU.TO tracks the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, CFOU.TO returned 23.35%/yr vs 18.95%/yr for CNDU.TO. A 0.78 correlation means they provide meaningful diversification when combined. CFOU.TO charges 1.52%/yr vs 1.15%/yr for CNDU.TO.

Performance

CFOU.TO vs. CNDU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CFOU.TO achieves a 27.75% return, which is significantly higher than CNDU.TO's 20.99% return. Over the past 10 years, CFOU.TO has outperformed CNDU.TO with an annualized return of 23.35%, while CNDU.TO has yielded a comparatively lower 18.95% annualized return.

CFOU.TO

1D
3.68%
1M
12.30%
YTD
27.75%
6M
35.24%
1Y
96.97%
3Y*
59.80%
5Y*
29.38%
10Y*
23.35%

CNDU.TO

1D
2.59%
1M
9.97%
YTD
20.99%
6M
22.18%
1Y
67.87%
3Y*
40.60%
5Y*
22.64%
10Y*
18.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CFOU.TO vs. CNDU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF		27.75%69.17%56.15%18.37%-23.64%79.61%-14.70%40.45%-21.67%22.44%
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF		20.99%54.27%34.82%15.07%-17.75%59.15%-4.99%42.24%-19.24%15.76%

Correlation

The correlation between CFOU.TO and CNDU.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2007

0.78

The correlation between CFOU.TO and CNDU.TO has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

CFOU.TO vs. CNDU.TO - Sectors Allocation Comparison

Sectors
CFOU.TO
CNDU.TO

Financial Services

100.0%
37.2%

Basic Materials

-

14.6%

Communication Services

-

2.2%

Consumer Cyclical

-

4.1%

Consumer Defensive

-

3.4%

Energy

-

19.1%

Healthcare

-

-

Industrials

-

7.9%

Real Estate

-

0.2%

Technology

-

8.7%

Utilities

-

2.8%

Financial Services

CFOU.TO
100.0%
CNDU.TO
37.2%

Basic Materials

CFOU.TO

-

CNDU.TO
14.6%

Communication Services

CFOU.TO

-

CNDU.TO
2.2%

Consumer Cyclical

CFOU.TO

-

CNDU.TO
4.1%

Consumer Defensive

CFOU.TO

-

CNDU.TO
3.4%

Energy

CFOU.TO

-

CNDU.TO
19.1%

Healthcare

CFOU.TO

-

CNDU.TO

-

Industrials

CFOU.TO

-

CNDU.TO
7.9%

Real Estate

CFOU.TO

-

CNDU.TO
0.2%

Technology

CFOU.TO

-

CNDU.TO
8.7%

Utilities

CFOU.TO

-

CNDU.TO
2.8%

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BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF

BetaPro S&P/TSX 60 2x Daily Bull ETF

Often compared with CFOU.TO:
CFOU.TO vs. METE.TOCFOU.TO vs. TCND.TOCFOU.TO vs. CACE.TOCFOU.TO vs. HBNK.TOCFOU.TO vs. RBNK.TOCFOU.TO vs. XCSR.TOCFOU.TO vs. ZEB.TO
Often compared with CNDU.TO:
CNDU.TO vs. SLVU.TOCNDU.TO vs. HXD.TOCNDU.TO vs. USSL.TOCNDU.TO vs. AMHE.TOCNDU.TO vs. UPROCNDU.TO vs. TCND.TOCNDU.TO vs. HXT.TO

Return for Risk

CFOU.TO vs. CNDU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CFOU.TO
CFOU.TO Risk / Return Rank: 9393
Overall Rank
CFOU.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
CFOU.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
CFOU.TO Omega Ratio Rank: 9292
Omega Ratio Rank
CFOU.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
CFOU.TO Martin Ratio Rank: 9393
Martin Ratio Rank
CNDU.TO
CNDU.TO Risk / Return Rank: 8484
Overall Rank
CNDU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CNDU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
CNDU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
CNDU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
CNDU.TO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFOU.TO vs. CNDU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.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.

CFOU.TOCNDU.TODifference
Sharpe ratioReturn per unit of total volatility
3.91
2.88

+1.03

Sortino ratioReturn per unit of downside risk
4.68
3.49

+1.18

Omega ratioGain probability vs. loss probability

1.61

1.47

+0.13

Calmar ratioReturn relative to maximum drawdown

6.06

4.47

+1.59

Martin ratioReturn relative to average drawdown

24.79

19.83

+4.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFOU.TO vs. CNDU.TO - Sharpe Ratio Comparison

The current CFOU.TO Sharpe Ratio is 3.91, which is higher than the CNDU.TO Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of CFOU.TO and CNDU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CFOU.TOCNDU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.91

2.88

+1.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

0.89

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.63

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.29

+0.05

Drawdowns

CFOU.TO vs. CNDU.TO - Drawdown Comparison

The maximum CFOU.TO drawdown since its inception was -86.23%, which is greater than CNDU.TO's maximum drawdown of -78.08%. Use the drawdown chart below to compare losses from any high point for CFOU.TO and CNDU.TO.

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Drawdown Indicators

CFOU.TOCNDU.TODifference

Max Drawdown

Largest peak-to-trough decline

-86.23%

-78.08%

-8.15%

Max Drawdown (1Y)

Largest decline over 1 year

-16.08%

-15.26%

-0.82%

Max Drawdown (3Y)

Largest decline over 3 years

-24.95%

-24.52%

-0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-45.23%

-32.60%

-12.63%

Max Drawdown (10Y)

Largest decline over 10 years

-67.29%

-61.51%

-5.78%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-22.46%

-23.35%

+0.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.93%

3.43%

+0.50%

Volatility

CFOU.TO vs. CNDU.TO - Volatility Comparison

BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) has a higher volatility of 8.75% compared to BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) at 6.68%. This indicates that CFOU.TO's price experiences larger fluctuations and is considered to be riskier than CNDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CFOU.TOCNDU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.75%

6.68%

+2.07%

Volatility (6M)

Calculated over the trailing 6-month period

21.17%

19.01%

+2.16%

Volatility (1Y)

Calculated over the trailing 1-year period

24.93%

23.70%

+1.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.61%

25.56%

+2.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.86%

30.10%

+3.76%

CFOU.TO vs. CNDU.TO - Expense Ratio Comparison

CFOU.TO has a 1.52% expense ratio, which is higher than CNDU.TO's 1.15% expense ratio.

Dividends

CFOU.TO vs. CNDU.TO - Dividend Comparison

Neither CFOU.TO nor CNDU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CFOU.TO and CNDU.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CNDU.TO is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CNDU.TO is cheaper with a 1.15% expense ratio, compared with 1.52% for CFOU.TO.

CFOU.TO tracks S&P/TSX Capped Financials Index, while CNDU.TO tracks S&P/TSX 60 Index. They also come from different issuers: Global X and Horizons ETFs. Their fees differ too: 1.52% for CFOU.TO and 1.15% for CNDU.TO.

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