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

CFOU.TO vs. HAL.TO

Last updated Jun 5, 2026

CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) and HAL.TO (Global X Active Canadian Dividend ETF) are both exchange-traded funds - CFOU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Financials Index, while HAL.TO is a Canada Equities fund actively managed by Global X. CFOU.TO is passively managed, while HAL.TO is actively managed. Over the past 10 years, CFOU.TO returned 23.35%/yr vs 11.72%/yr for HAL.TO. A 0.54 correlation means they provide meaningful diversification when combined. CFOU.TO charges 1.52%/yr vs 0.67%/yr for HAL.TO.

Performance

CFOU.TO vs. HAL.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 Global X Active Canadian Dividend ETF (HAL.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 HAL.TO's 18.22% return. Over the past 10 years, CFOU.TO has outperformed HAL.TO with an annualized return of 23.35%, while HAL.TO has yielded a comparatively lower 11.72% 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%

HAL.TO

1D
0.80%
1M
4.37%
YTD
18.22%
6M
21.01%
1Y
44.00%
3Y*
21.73%
5Y*
15.10%
10Y*
11.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CFOU.TO vs. HAL.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%
HAL.TO
Global X Active Canadian Dividend ETF		18.22%24.60%21.69%-0.73%3.43%21.17%-2.64%25.04%-6.22%7.10%

Correlation

The correlation between CFOU.TO and HAL.TO is 0.54, 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

0.54

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

0.64

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

0.69

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

0.64

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.54

The correlation between CFOU.TO and HAL.TO shifts across timeframes, from 0.54 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
CFOU.TO
HAL.TO

Financial Services

100.0%
24.9%

Basic Materials

-

12.9%

Communication Services

-

-

Consumer Cyclical

-

1.8%

Consumer Defensive

-

4.0%

Energy

-

25.2%

Healthcare

-

-

Industrials

-

15.3%

Real Estate

-

3.2%

Technology

-

-

Utilities

-

12.6%

Financial Services

CFOU.TO
100.0%
HAL.TO
24.9%

Basic Materials

CFOU.TO

-

HAL.TO
12.9%

Communication Services

CFOU.TO

-

HAL.TO

-

Consumer Cyclical

CFOU.TO

-

HAL.TO
1.8%

Consumer Defensive

CFOU.TO

-

HAL.TO
4.0%

Energy

CFOU.TO

-

HAL.TO
25.2%

Healthcare

CFOU.TO

-

HAL.TO

-

Industrials

CFOU.TO

-

HAL.TO
15.3%

Real Estate

CFOU.TO

-

HAL.TO
3.2%

Technology

CFOU.TO

-

HAL.TO

-

Utilities

CFOU.TO

-

HAL.TO
12.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

Global X Active Canadian Dividend 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 HAL.TO:
HAL.TO vs. HXH.TOHAL.TO vs. HCA.TOHAL.TO vs. CASH.TOHAL.TO vs. CBIL.TOHAL.TO vs. HBNK.TOHAL.TO vs. XCS.TOHAL.TO vs. HEWB.TO

Return for Risk

CFOU.TO vs. HAL.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
HAL.TO
HAL.TO Risk / Return Rank: 9797
Overall Rank
HAL.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HAL.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
HAL.TO Omega Ratio Rank: 9797
Omega Ratio Rank
HAL.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
HAL.TO Martin Ratio Rank: 9696
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. HAL.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 Global X Active Canadian Dividend ETF (HAL.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.TOHAL.TODifference
Sharpe ratioReturn per unit of total volatility
3.91
4.64

-0.72

Sortino ratioReturn per unit of downside risk
4.68
6.25

-1.58

Omega ratioGain probability vs. loss probability

1.61

1.97

-0.36

Calmar ratioReturn relative to maximum drawdown

6.06

8.59

-2.53

Martin ratioReturn relative to average drawdown

24.79

39.20

-14.41

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. HAL.TO - Sharpe Ratio Comparison

The current CFOU.TO Sharpe Ratio is 3.91, which is comparable to the HAL.TO Sharpe Ratio of 4.64. The chart below compares the historical Sharpe Ratios of CFOU.TO and HAL.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.TOHAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.91

4.64

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

1.23

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.79

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.80

-0.46

Drawdowns

CFOU.TO vs. HAL.TO - Drawdown Comparison

The maximum CFOU.TO drawdown since its inception was -86.23%, which is greater than HAL.TO's maximum drawdown of -39.70%. Use the drawdown chart below to compare losses from any high point for CFOU.TO and HAL.TO.

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Drawdown Indicators

CFOU.TOHAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-86.23%

-39.70%

-46.53%

Max Drawdown (1Y)

Largest decline over 1 year

-16.08%

-5.15%

-10.93%

Max Drawdown (3Y)

Largest decline over 3 years

-24.95%

-12.44%

-12.51%

Max Drawdown (5Y)

Largest decline over 5 years

-45.23%

-16.43%

-28.80%

Max Drawdown (10Y)

Largest decline over 10 years

-67.29%

-39.70%

-27.59%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-22.46%

-4.19%

-18.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.93%

1.13%

+2.80%

Volatility

CFOU.TO vs. HAL.TO - Volatility Comparison

BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) has a higher volatility of 8.75% compared to Global X Active Canadian Dividend ETF (HAL.TO) at 2.55%. This indicates that CFOU.TO's price experiences larger fluctuations and is considered to be riskier than HAL.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.TOHAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.75%

2.55%

+6.20%

Volatility (6M)

Calculated over the trailing 6-month period

21.17%

7.83%

+13.34%

Volatility (1Y)

Calculated over the trailing 1-year period

24.93%

9.55%

+15.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.61%

12.36%

+15.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.86%

14.85%

+19.01%

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

CFOU.TO has a 1.52% expense ratio, which is higher than HAL.TO's 0.67% expense ratio.

Dividends

CFOU.TO vs. HAL.TO - Dividend Comparison

CFOU.TO has not paid dividends to shareholders, while HAL.TO's dividend yield for the trailing twelve months is around 1.95%.

PositionTTM20252024202320222021202020192018201720162015
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HAL.TO
Global X Active Canadian Dividend ETF		1.95%2.37%2.79%3.60%4.84%2.99%3.56%2.96%3.43%3.17%2.84%3.19%

Frequently Asked Questions

CFOU.TO and HAL.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HAL.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HAL.TO is cheaper with a 0.67% expense ratio, compared with 1.52% for CFOU.TO.

CFOU.TO is categorized as Leveraged Equities, while HAL.TO is Canada Equities. Their fees differ too: 1.52% for CFOU.TO and 0.67% for HAL.TO.

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