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CRQ.NEO vs. CFOU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CRQ.NEO vs. CFOU.TO

Last updated Jun 4, 2026

CRQ.NEO (iShares Canadian Fundamental Index ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both exchange-traded funds - CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index, while CFOU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Financials Index. Both are passively managed. Over the past 10 years, CRQ.NEO returned 13.44%/yr vs 22.91%/yr for CFOU.TO. A 0.77 correlation means they provide meaningful diversification when combined. CRQ.NEO charges 0.72%/yr vs 1.52%/yr for CFOU.TO.

Performance

CRQ.NEO vs. CFOU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Fundamental Index ETF (CRQ.NEO) 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, CRQ.NEO achieves a 15.93% return, which is significantly lower than CFOU.TO's 23.22% return. Over the past 10 years, CRQ.NEO has underperformed CFOU.TO with an annualized return of 13.44%, while CFOU.TO has yielded a comparatively higher 22.91% annualized return.

CRQ.NEO

1D
-0.32%
1M
3.58%
YTD
15.93%
6M
18.90%
1Y
42.87%
3Y*
26.01%
5Y*
17.59%
10Y*
13.44%

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)

CRQ.NEO vs. CFOU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CRQ.NEO
iShares Canadian Fundamental Index ETF		15.93%31.87%22.17%9.76%0.89%33.95%-2.73%19.66%-10.18%6.98%
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 CRQ.NEO and CFOU.TO is 0.56, 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

0.56

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

0.69

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

0.70

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

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 5, 2009

0.77

Over the past year, the correlation between CRQ.NEO and CFOU.TO has dropped to 0.56 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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iShares Canadian Fundamental Index ETF

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

Often compared with CRQ.NEO:
CRQ.NEO vs. SOXXCRQ.NEO vs. VDY.TOCRQ.NEO vs. XCV.TOCRQ.NEO vs. MYCFCRQ.NEO vs. ACWICRQ.NEO vs. RINTCRQ.NEO vs. SGOV
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

CRQ.NEO vs. CFOU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRQ.NEO
CRQ.NEO Risk / Return Rank: 9696
Overall Rank
CRQ.NEO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
CRQ.NEO Sortino Ratio Rank: 9797
Sortino Ratio Rank
CRQ.NEO Omega Ratio Rank: 9898
Omega Ratio Rank
CRQ.NEO Calmar Ratio Rank: 9292
Calmar Ratio Rank
CRQ.NEO Martin Ratio Rank: 9595
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.

CRQ.NEO vs. CFOU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) 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.

CRQ.NEOCFOU.TODifference

Sharpe ratio

Return per unit of total volatility

4.41

3.62

+0.79

Sortino ratio

Return per unit of downside risk

6.17

4.39

+1.77

Omega ratio

Gain probability vs. loss probability

2.00

1.57

+0.43

Calmar ratio

Return relative to maximum drawdown

6.30

5.56

+0.73

Martin ratio

Return relative to average drawdown

30.78

22.74

+8.04

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

CRQ.NEO vs. CFOU.TO - Sharpe Ratio Comparison

The current CRQ.NEO Sharpe Ratio is 4.41, which is comparable to the CFOU.TO Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of CRQ.NEO 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

CRQ.NEOCFOU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.41

3.62

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.43

1.04

+0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.68

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.33

+0.36

Drawdowns

CRQ.NEO vs. CFOU.TO - Drawdown Comparison

The maximum CRQ.NEO drawdown since its inception was -41.75%, smaller than the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and CFOU.TO.

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Drawdown Indicators

CRQ.NEOCFOU.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.75%

-86.23%

+44.48%

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

-16.08%

+9.24%

Max Drawdown (3Y)

Largest decline over 3 years

-11.70%

-24.95%

+13.25%

Max Drawdown (5Y)

Largest decline over 5 years

-15.82%

-45.23%

+29.41%

Max Drawdown (10Y)

Largest decline over 10 years

-41.75%

-67.29%

+25.54%

Current Drawdown

Current decline from peak

-0.32%

-3.23%

+2.91%

Average Drawdown

Average peak-to-trough decline

-5.62%

-22.46%

+16.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.40%

3.93%

-2.53%

Volatility

CRQ.NEO vs. CFOU.TO - Volatility Comparison

The current volatility for iShares Canadian Fundamental Index ETF (CRQ.NEO) is 2.99%, while BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) has a volatility of 8.18%. This indicates that CRQ.NEO 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

CRQ.NEOCFOU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.99%

8.18%

-5.19%

Volatility (6M)

Calculated over the trailing 6-month period

8.04%

20.93%

-12.89%

Volatility (1Y)

Calculated over the trailing 1-year period

9.76%

24.70%

-14.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.41%

27.56%

-15.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

33.85%

-17.58%

CRQ.NEO vs. CFOU.TO - Expense Ratio Comparison

CRQ.NEO has a 0.72% expense ratio, which is lower than CFOU.TO's 1.52% expense ratio.

Dividends

CRQ.NEO vs. CFOU.TO - Dividend Comparison

CRQ.NEO's dividend yield for the trailing twelve months is around 1.90%, while CFOU.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CFOU.TO
BetaPro S&P/TSX Capped Financials 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%
CRQ.NEO
iShares Canadian Fundamental Index ETF		1.90%2.18%2.72%2.97%2.90%2.17%2.98%2.71%2.46%1.91%1.89%3.09%

Frequently Asked Questions

CRQ.NEO and CFOU.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CRQ.NEO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CRQ.NEO is cheaper with a 0.72% expense ratio, compared with 1.52% for CFOU.TO.

CRQ.NEO is categorized as Canada Equities, while CFOU.TO is Leveraged Equities. CRQ.NEO tracks FTSE RAFI Canada Index, while CFOU.TO tracks S&P/TSX Capped Financials Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.72% for CRQ.NEO and 1.52% for CFOU.TO.

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