GDXU.TO vs. HBNK.TO
GDXU.TO (BetaPro Canadian Gold Miners 2x Daily Bull ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - GDXU.TO is a Leveraged Equities fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. GDXU.TO is actively managed, while HBNK.TO is passively managed. Over the past year, GDXU.TO returned 101.37% vs 70.95% for HBNK.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
GDXU.TO vs. HBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GDXU.TO achieves a -28.76% return, which is significantly lower than HBNK.TO's 31.79% return.
GDXU.TO
- 1D
- -0.19%
- 1M
- -28.04%
- YTD
- -28.76%
- 6M
- -30.23%
- 1Y
- 101.37%
- 3Y*
- 82.36%
- 5Y*
- 35.57%
- 10Y*
- 11.19%
HBNK.TO
- 1D
- 0.49%
- 1M
- 10.91%
- YTD
- 31.79%
- 6M
- 31.23%
- 1Y
- 70.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXU.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GDXU.TO BetaPro Canadian Gold Miners 2x Daily Bull ETF | -28.76% | 432.04% | 49.04% | 14.18% |
HBNK.TO Global X Equal Weight Banks Index ETF | 31.79% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between GDXU.TO and HBNK.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.25 |
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Return for Risk
GDXU.TO vs. HBNK.TO — Risk / Return Rank
GDXU.TO
HBNK.TO
GDXU.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) and Global X Equal Weight Banks Index ETF (HBNK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDXU.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.39 | ||
| Sortino ratioReturn per unit of downside risk | -5.68 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 2.00 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 8.41 | -6.73 |
| Martin ratioReturn relative to average drawdown | 3.88 | 36.58 | -32.70 |
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Drawdowns
GDXU.TO vs. HBNK.TO - Drawdown Comparison
The maximum GDXU.TO drawdown since its inception was -98.01%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for GDXU.TO and HBNK.TO.
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Drawdown Indicators
| GDXU.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.01% | -14.78% | -83.23% |
Max Drawdown (1Y)Largest decline over 1 year | -60.60% | -8.48% | -52.12% |
Max Drawdown (3Y)Largest decline over 3 years | -60.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -62.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.29% | — | — |
Current DrawdownCurrent decline from peak | -58.27% | 0.00% | -58.27% |
Average DrawdownAverage peak-to-trough decline | -78.33% | -2.27% | -76.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.19% | 1.95% | +24.24% |
Volatility
GDXU.TO vs. HBNK.TO - Volatility Comparison
BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) has a higher volatility of 32.90% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 3.52%. This indicates that GDXU.TO's price experiences larger fluctuations and is considered to be riskier than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXU.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.90% | 3.52% | +29.38% |
Volatility (6M)Calculated over the trailing 6-month period | 76.15% | 11.29% | +64.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.66% | 12.96% | +78.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.25% | 12.69% | +55.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.32% | 12.69% | +54.63% |
Dividends
GDXU.TO vs. HBNK.TO - Dividend Comparison
GDXU.TO has not paid dividends to shareholders, while HBNK.TO's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GDXU.TO BetaPro Canadian Gold Miners 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HBNK.TO Global X Equal Weight Banks Index ETF | 2.35% | 3.24% | 4.15% | 2.45% |
Frequently Asked Questions
GDXU.TO and HBNK.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU.TO is categorized as Leveraged Equities, while HBNK.TO is Financials Equities.
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