CNDU.TO vs. CASH.TO
CNDU.TO (BetaPro S&P/TSX 60 2x Daily Bull ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - CNDU.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index, while CASH.TO is a Money Market fund actively managed by Global X. CNDU.TO is passively managed, while CASH.TO is actively managed. Over the past 3 years, CNDU.TO returned 39.29%/yr vs 3.46%/yr for CASH.TO. Their 0.04 correlation means their historical movements had little consistent relationship. CNDU.TO charges 1.15%/yr vs 0.11%/yr for CASH.TO.
Performance
CNDU.TO vs. CASH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNDU.TO achieves a 24.33% return, which is significantly higher than CASH.TO's 1.20% return.
CNDU.TO
- 1D
- -1.14%
- 1M
- 1.66%
- 6M
- 25.71%
- YTD
- 24.33%
- 1Y
- 65.86%
- 3Y*
- 39.29%
- 5Y*
- 22.52%
- 10Y*
- 19.01%
- ALL TIME*
- 9.93%
CASH.TO
- 1D
- 0.02%
- 1M
- 0.16%
- 6M
- 1.05%
- YTD
- 1.20%
- 1Y
- 2.15%
- 3Y*
- 3.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$17.66M | CA$17.50M | CA$19.60M | |
| CA$1.36M | CA$1.29M | CA$1.39M |
CNDU.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF | 24.33% | 54.27% | 34.82% | 15.07% | -17.75% | 2.40% |
CASH.TO Global X High Interest Savings ETF | 1.20% | 2.45% | 4.53% | 5.11% | 2.38% | 0.08% |
Correlation
The correlation between CNDU.TO and CASH.TO is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.04 |
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Return for Risk
CNDU.TO vs. CASH.TO — Risk / Return Rank
CNDU.TO
CASH.TO
CNDU.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) and Global X High Interest Savings ETF (CASH.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.
| CNDU.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.79 | ||
| Sortino ratioReturn per unit of downside risk | -22.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 6.81 | -5.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 108.97 | -104.83 |
| Martin ratioReturn relative to average drawdown | 18.09 | 374.82 | -356.73 |
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Drawdowns
CNDU.TO vs. CASH.TO - Drawdown Comparison
The maximum CNDU.TO drawdown since its inception was -78.04%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for CNDU.TO and CASH.TO.
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Drawdown Indicators
| CNDU.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.04% | -0.80% | -77.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -0.02% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -0.06% | -24.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.48% | — | — |
Current DrawdownCurrent decline from peak | -2.87% | 0.00% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -23.16% | 0.00% | -23.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 0.01% | +3.48% |
Volatility
CNDU.TO vs. CASH.TO - Volatility Comparison
BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) has a higher volatility of 6.02% compared to Global X High Interest Savings ETF (CASH.TO) at 0.08%. This indicates that CNDU.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNDU.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 0.08% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 0.16% | +18.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.45% | 0.23% | +24.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 0.60% | +25.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.05% | 0.60% | +29.45% |
CNDU.TO vs. CASH.TO - Expense Ratio Comparison
CNDU.TO has a 1.15% expense ratio, which is higher than CASH.TO's 0.11% expense ratio.
Dividends
CNDU.TO vs. CASH.TO - Dividend Comparison
CNDU.TO has not paid dividends to shareholders, while CASH.TO's dividend yield for the trailing twelve months is around 2.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.11% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% |
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNDU.TO and CASH.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 1.15% for CNDU.TO.
CNDU.TO is categorized as Leveraged Equities, while CASH.TO is Money Market. Their fees differ too: 1.15% for CNDU.TO and 0.11% for CASH.TO.
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