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

CNDU.TO vs. XIT.TO

Last updated Jun 5, 2026

CNDU.TO (BetaPro S&P/TSX 60 2x Daily Bull ETF) and XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) are both exchange-traded funds - CNDU.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index, while XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, CNDU.TO returned 18.95%/yr vs 17.63%/yr for XIT.TO. A 0.54 correlation means they provide meaningful diversification when combined. CNDU.TO charges 1.15%/yr vs 0.60%/yr for XIT.TO.

Performance

CNDU.TO vs. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.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 20.99% return, which is significantly higher than XIT.TO's -3.49% return. Over the past 10 years, CNDU.TO has outperformed XIT.TO with an annualized return of 18.95%, while XIT.TO has yielded a comparatively lower 17.63% annualized return.

CNDU.TO

1D
2.59%
1M
9.97%
YTD
20.99%
6M
22.18%
1Y
67.87%
3Y*
40.60%
5Y*
22.64%
10Y*
18.95%

XIT.TO

1D
0.73%
1M
10.81%
YTD
-3.49%
6M
-7.59%
1Y
10.79%
3Y*
17.99%
5Y*
8.47%
10Y*
17.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF		20.99%54.27%34.82%15.07%-17.75%59.15%-4.99%42.24%-19.24%15.76%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		-3.49%15.48%30.02%55.56%-35.85%10.73%45.91%60.77%11.71%17.06%

Correlation

The correlation between CNDU.TO and XIT.TO is 0.64, 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

0.64

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

0.65

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

0.65

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

0.59

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2007

0.54

The correlation between CNDU.TO and XIT.TO shifts across timeframes, from 0.54 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.

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

Sectors
CNDU.TO
XIT.TO

Financial Services

37.2%
0.8%

Energy

19.1%

-

Basic Materials

14.6%

-

Technology

8.7%
99.8%

Industrials

7.9%
0.2%

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%
XIT.TO
0.8%

Energy

CNDU.TO
19.1%
XIT.TO

-

Basic Materials

CNDU.TO
14.6%
XIT.TO

-

Technology

CNDU.TO
8.7%
XIT.TO
99.8%

Industrials

CNDU.TO
7.9%
XIT.TO
0.2%

Consumer Cyclical

CNDU.TO
4.1%
XIT.TO

-

Consumer Defensive

CNDU.TO
3.4%
XIT.TO

-

Utilities

CNDU.TO
2.8%
XIT.TO

-

Communication Services

CNDU.TO
2.2%
XIT.TO

-

Real Estate

CNDU.TO
0.2%
XIT.TO

-

Healthcare

CNDU.TO

-

XIT.TO

-

Compare stocks, funds, or ETFs

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

iShares S&P/TSX Capped Information Technology Index ETF

Often compared with CNDU.TO:
CNDU.TO vs. SLVU.TOCNDU.TO vs. HXD.TOCNDU.TO vs. USSL.TOCNDU.TO vs. AMHE.TOCNDU.TO vs. UPROCNDU.TO vs. TCND.TOCNDU.TO vs. HXT.TO
Often compared with XIT.TO:
XIT.TO vs. XIU.TOXIT.TO vs. VGTXIT.TO vs. XQQ.TOXIT.TO vs. SPYXIT.TO vs. XUS.TOXIT.TO vs. QQQXIT.TO vs. XUU.TO

Return for Risk

CNDU.TO vs. XIT.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: 8484
Overall Rank
CNDU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CNDU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
CNDU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
CNDU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
CNDU.TO Martin Ratio Rank: 8989
Martin Ratio Rank
XIT.TO
XIT.TO Risk / Return Rank: 1414
Overall Rank
XIT.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
XIT.TO Sortino Ratio Rank: 1515
Sortino Ratio Rank
XIT.TO Omega Ratio Rank: 1515
Omega Ratio Rank
XIT.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
XIT.TO Martin Ratio Rank: 1212
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. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.TOXIT.TODifference
Sharpe ratioReturn per unit of total volatility
2.88
0.35

+2.54

Sortino ratioReturn per unit of downside risk
3.49
0.68

+2.81

Omega ratioGain probability vs. loss probability

1.47

1.08

+0.39

Calmar ratioReturn relative to maximum drawdown

4.47

0.34

+4.13

Martin ratioReturn relative to average drawdown

19.83

0.69

+19.15

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. XIT.TO - Sharpe Ratio Comparison

The current CNDU.TO Sharpe Ratio is 2.88, which is higher than the XIT.TO Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of CNDU.TO and XIT.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.TOXIT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.88

0.35

+2.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.29

+0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.66

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.30

-0.02

Drawdowns

CNDU.TO vs. XIT.TO - Drawdown Comparison

The maximum CNDU.TO drawdown since its inception was -78.08%, roughly equal to the maximum XIT.TO drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for CNDU.TO and XIT.TO.

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Drawdown Indicators

CNDU.TOXIT.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.08%

-81.18%

+3.10%

Max Drawdown (1Y)

Largest decline over 1 year

-15.26%

-31.93%

+16.67%

Max Drawdown (3Y)

Largest decline over 3 years

-24.52%

-31.93%

+7.41%

Max Drawdown (5Y)

Largest decline over 5 years

-32.60%

-54.15%

+21.55%

Max Drawdown (10Y)

Largest decline over 10 years

-61.51%

-54.15%

-7.36%

Current Drawdown

Current decline from peak

0.00%

-13.85%

+13.85%

Average Drawdown

Average peak-to-trough decline

-23.35%

-26.86%

+3.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

15.76%

-12.33%

Volatility

CNDU.TO vs. XIT.TO - Volatility Comparison

The current volatility for BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) is 6.68%, while iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a volatility of 10.88%. This indicates that CNDU.TO experiences smaller price fluctuations and is considered to be less risky than XIT.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.TOXIT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.68%

10.88%

-4.20%

Volatility (6M)

Calculated over the trailing 6-month period

19.01%

24.40%

-5.39%

Volatility (1Y)

Calculated over the trailing 1-year period

23.70%

31.37%

-7.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.56%

29.37%

-3.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.10%

26.70%

+3.40%

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

CNDU.TO has a 1.15% expense ratio, which is higher than XIT.TO's 0.60% expense ratio.

Dividends

CNDU.TO vs. XIT.TO - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
CNDU.TO
BetaPro S&P/TSX 60 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%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.29%0.00%0.13%0.14%0.08%

Frequently Asked Questions

CNDU.TO and XIT.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIT.TO is cheaper with a 0.60% expense ratio, compared with 1.15% for CNDU.TO.

CNDU.TO is categorized as Leveraged Equities, while XIT.TO is Technology Equities. CNDU.TO tracks S&P/TSX 60 Index, while XIT.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Horizons ETFs and iShares. Their fees differ too: 1.15% for CNDU.TO and 0.60% for XIT.TO.

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