CNDU.TO vs. USSL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) and Global X Enhanced S&P 500 Index ETF (USSL.TO).

CNDU.TO and USSL.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. USSL.TO is a passively managed fund by Global X that tracks the performance of the S&P 500. It was launched on May 21, 2024. Both CNDU.TO and USSL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CNDU.TO vs. USSL.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 Global X Enhanced S&P 500 Index ETF (USSL.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF	4.34%	54.27%	21.67%
USSL.TO Global X Enhanced S&P 500 Index ETF	-7.35%	13.42%	22.04%

Returns By Period

In the year-to-date period, CNDU.TO achieves a 4.34% return, which is significantly higher than USSL.TO's -7.35% 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%

USSL.TO

• 1D: 0.55%
• 1M: -8.11%
• YTD: -7.35%
• 6M: -5.54%
• 1Y: 12.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

CNDU.TO has a 1.15% expense ratio, which is lower than USSL.TO's 1.34% expense ratio.

USSL.TO

Global X Enhanced S&P 500 Index ETF

CNDU.TO

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

Return for Risk

CNDU.TO vs. USSL.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: 90
CNDU.TO Sharpe Ratio Rank: 90
CNDU.TO Sortino Ratio Rank: 88
CNDU.TO Omega Ratio Rank: 89
CNDU.TO Calmar Ratio Rank: 89
CNDU.TO Martin Ratio Rank: 93

USSL.TO

USSL.TO Risk / Return Rank: 36
USSL.TO Sharpe Ratio Rank: 32
USSL.TO Sortino Ratio Rank: 35
USSL.TO Omega Ratio Rank: 53
USSL.TO Calmar Ratio Rank: 29
USSL.TO Martin Ratio Rank: 31

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. USSL.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 S&P 500 Index ETF (USSL.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	USSL.TO	Difference
Sharpe ratio Return per unit of total volatility	2.02	0.62	+1.39
Sortino ratio Return per unit of downside risk	2.47	1.05	+1.42
Omega ratio Gain probability vs. loss probability	1.38	1.21	+0.18
Calmar ratio Return relative to maximum drawdown	2.94	0.72	+2.22
Martin ratio Return relative to average drawdown	13.41	2.76	+10.66
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. USSL.TO - Sharpe Ratio Comparison

The current CNDU.TO Sharpe Ratio is 2.02, which is higher than the USSL.TO Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of CNDU.TO and USSL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNDU.TO	USSL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.62	+1.39
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	0.73	-0.47

Correlation

The correlation between CNDU.TO and USSL.TO is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CNDU.TO vs. USSL.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

CNDU.TO vs. USSL.TO - Drawdown Comparison

The maximum CNDU.TO drawdown since its inception was -78.08%, which is greater than USSL.TO's maximum drawdown of -23.90%. Use the drawdown chart below to compare losses from any high point for CNDU.TO and USSL.TO.

Drawdown Indicators

	CNDU.TO	USSL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.08%	-23.90%	-54.18%
Max Drawdown (1Y) Largest decline over 1 year	-20.72%	-15.29%	-5.43%
Max Drawdown (5Y) Largest decline over 5 years	-32.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.51%	—	—
Current Drawdown Current decline from peak	-8.17%	-10.30%	+2.13%
Average Drawdown Average peak-to-trough decline	-23.55%	-3.66%	-19.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	4.00%	+0.55%

Volatility

CNDU.TO vs. USSL.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 S&P 500 Index ETF (USSL.TO) at 4.50%. This indicates that CNDU.TO's price experiences larger fluctuations and is considered to be riskier than USSL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNDU.TO	USSL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.76%	4.50%	+6.26%
Volatility (6M) Calculated over the trailing 6-month period	19.82%	9.60%	+10.22%
Volatility (1Y) Calculated over the trailing 1-year period	29.08%	22.38%	+6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	19.79%	+5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.07%	19.79%	+10.28%