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

CNDU.TO vs. CFOU.TO

Last updated Jun 4, 2026

CNDU.TO (BetaPro S&P/TSX 60 2x Daily Bull ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both Leveraged Equities funds - CNDU.TO tracks the S&P/TSX 60 Index while CFOU.TO tracks the S&P/TSX Capped Financials Index. Both are passively managed. Over the past 10 years, CNDU.TO returned 18.70%/yr vs 22.91%/yr for CFOU.TO. A 0.78 correlation means they provide meaningful diversification when combined. CNDU.TO charges 1.15%/yr vs 1.52%/yr for CFOU.TO.

Performance

CNDU.TO vs. CFOU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) and BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.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, CNDU.TO achieves a 17.93% return, which is significantly lower than CFOU.TO's 23.22% return. Over the past 10 years, CNDU.TO has underperformed CFOU.TO with an annualized return of 18.70%, while CFOU.TO has yielded a comparatively higher 22.91% annualized return.

CNDU.TO

1D
-1.69%
1M
6.67%
YTD
17.93%
6M
21.59%
1Y
62.18%
3Y*
38.91%
5Y*
22.02%
10Y*
18.70%

CFOU.TO

1D
-1.41%
1M
9.71%
YTD
23.22%
6M
34.47%
1Y
88.95%
3Y*
57.23%
5Y*
28.45%
10Y*
22.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF		17.93%54.27%34.82%15.07%-17.75%59.15%-4.99%42.24%-19.24%15.76%
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF		23.22%69.17%56.15%18.37%-23.64%79.61%-14.70%40.45%-21.67%22.44%

Correlation

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

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

Sectors
CNDU.TO
CFOU.TO

Financial Services

37.2%
100.0%

Energy

19.1%

-

Basic Materials

14.6%

-

Technology

8.7%

-

Industrials

7.9%

-

Consumer Cyclical

4.1%

-

Consumer Defensive

3.4%

-

Utilities

2.8%

-

Communication Services

2.2%

-

Real Estate

0.2%

-

Healthcare

-

-

Financial Services

CNDU.TO
37.2%
CFOU.TO
100.0%

Energy

CNDU.TO
19.1%
CFOU.TO

-

Basic Materials

CNDU.TO
14.6%
CFOU.TO

-

Technology

CNDU.TO
8.7%
CFOU.TO

-

Industrials

CNDU.TO
7.9%
CFOU.TO

-

Consumer Cyclical

CNDU.TO
4.1%
CFOU.TO

-

Consumer Defensive

CNDU.TO
3.4%
CFOU.TO

-

Utilities

CNDU.TO
2.8%
CFOU.TO

-

Communication Services

CNDU.TO
2.2%
CFOU.TO

-

Real Estate

CNDU.TO
0.2%
CFOU.TO

-

Healthcare

CNDU.TO

-

CFOU.TO

-

Compare stocks, funds, or ETFs

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

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

Often compared with CNDU.TO:
CNDU.TO vs. SLVU.TOCNDU.TO vs. HXD.TOCNDU.TO vs. AMHE.TOCNDU.TO vs. USSL.TOCNDU.TO vs. UPROCNDU.TO vs. TCND.TOCNDU.TO vs. HXT.TO
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. DMEC.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNDU.TO
CNDU.TO Risk / Return Rank: 7979
Overall Rank
CNDU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
CNDU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
CNDU.TO Omega Ratio Rank: 7474
Omega Ratio Rank
CNDU.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
CNDU.TO Martin Ratio Rank: 8686
Martin Ratio Rank
CFOU.TO
CFOU.TO Risk / Return Rank: 9191
Overall Rank
CFOU.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
CFOU.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
CFOU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
CFOU.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
CFOU.TO Martin Ratio Rank: 9292
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.

CNDU.TO vs. CFOU.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 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.

CNDU.TOCFOU.TODifference
Sharpe ratioReturn per unit of total volatility
2.65
3.62

-0.97

Sortino ratioReturn per unit of downside risk
3.27
4.39

-1.13

Omega ratioGain probability vs. loss probability

1.44

1.57

-0.13

Calmar ratioReturn relative to maximum drawdown

4.10

5.56

-1.47

Martin ratioReturn relative to average drawdown

18.17

22.74

-4.56

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

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

The current CNDU.TO Sharpe Ratio is 2.65, which is comparable to the CFOU.TO Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of CNDU.TO and CFOU.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

CNDU.TOCFOU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.65

3.62

-0.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

1.04

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.68

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.33

-0.05

Drawdowns

CNDU.TO vs. CFOU.TO - Drawdown Comparison

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

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Drawdown Indicators

CNDU.TOCFOU.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.08%

-86.23%

+8.15%

Max Drawdown (1Y)

Largest decline over 1 year

-15.26%

-16.08%

+0.82%

Max Drawdown (3Y)

Largest decline over 3 years

-24.52%

-24.95%

+0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-32.60%

-45.23%

+12.63%

Max Drawdown (10Y)

Largest decline over 10 years

-61.51%

-67.29%

+5.78%

Current Drawdown

Current decline from peak

-1.69%

-3.23%

+1.54%

Average Drawdown

Average peak-to-trough decline

-23.36%

-22.46%

-0.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

3.93%

-0.50%

Volatility

CNDU.TO vs. CFOU.TO - Volatility Comparison

The current volatility for BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) is 6.36%, while BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) has a volatility of 8.18%. This indicates that CNDU.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

CNDU.TOCFOU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.36%

8.18%

-1.82%

Volatility (6M)

Calculated over the trailing 6-month period

18.86%

20.93%

-2.07%

Volatility (1Y)

Calculated over the trailing 1-year period

23.58%

24.70%

-1.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.54%

27.56%

-2.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.10%

33.85%

-3.75%

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

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

Dividends

CNDU.TO vs. CFOU.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

CNDU.TO and CFOU.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.

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

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