CNDU.TO vs. HEQL.TO
Compare and contrast key facts about BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO).
CNDU.TO and HEQL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNDU.TO is a passively managed fund by Horizons ETFs that tracks the performance of the S&P/TSX 60 Index. It was launched on Jan 8, 2007. HEQL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.
Performance
CNDU.TO vs. HEQL.TO - Performance Comparison
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CNDU.TO vs. HEQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF | 4.34% | 54.27% | 34.82% | 15.66% |
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD | 0.05% | 22.78% | 28.97% | 8.75% |
Returns By Period
In the year-to-date period, CNDU.TO achieves a 4.34% return, which is significantly higher than HEQL.TO's 0.05% return.
CNDU.TO
- 1D
- 4.89%
- 1M
- -6.84%
- YTD
- 4.34%
- 6M
- 14.56%
- 1Y
- 58.23%
- 3Y*
- 32.99%
- 5Y*
- 21.85%
- 10Y*
- 18.53%
HEQL.TO
- 1D
- 3.03%
- 1M
- -5.59%
- YTD
- 0.05%
- 6M
- 3.41%
- 1Y
- 23.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CNDU.TO vs. HEQL.TO - Expense Ratio Comparison
CNDU.TO has a 1.15% expense ratio, which is lower than HEQL.TO's 1.46% expense ratio.
Return for Risk
CNDU.TO vs. HEQL.TO — Risk / Return Rank
CNDU.TO
HEQL.TO
CNDU.TO vs. HEQL.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 Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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.TO | HEQL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.24 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.47 | 1.82 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.94 | 0.89 | +2.05 |
Martin ratioReturn relative to average drawdown | 13.41 | 3.82 | +9.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNDU.TO | HEQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.24 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.70 | -1.44 |
Correlation
The correlation between CNDU.TO and HEQL.TO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CNDU.TO vs. HEQL.TO - Dividend Comparison
CNDU.TO has not paid dividends to shareholders, while HEQL.TO's dividend yield for the trailing twelve months is around 1.67%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD | 1.67% | 1.82% | 1.75% | 0.55% |
Drawdowns
CNDU.TO vs. HEQL.TO - Drawdown Comparison
The maximum CNDU.TO drawdown since its inception was -78.08%, which is greater than HEQL.TO's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for CNDU.TO and HEQL.TO.
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Drawdown Indicators
| CNDU.TO | HEQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.08% | -19.86% | -58.22% |
Max Drawdown (1Y)Largest decline over 1 year | -20.72% | -15.14% | -5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.51% | — | — |
Current DrawdownCurrent decline from peak | -8.17% | -6.79% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -23.55% | -1.91% | -21.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 4.63% | -0.08% |
Volatility
CNDU.TO vs. HEQL.TO - Volatility Comparison
BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) has a higher volatility of 10.76% compared to Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) at 7.68%. This indicates that CNDU.TO's price experiences larger fluctuations and is considered to be riskier than HEQL.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 | HEQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.76% | 7.68% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.82% | 12.31% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 21.32% | +7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.44% | 18.57% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.07% | 18.57% | +11.50% |