GDXU.TO vs. NRGU.TO
GDXU.TO (BetaPro Canadian Gold Miners 2x Daily Bull ETF) and NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) are both Leveraged Equities funds from Global X. Both are actively managed. Over the past 10 years, GDXU.TO returned 11.19%/yr vs 3.88%/yr for NRGU.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
GDXU.TO vs. NRGU.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 NRGU.TO's 48.99% return. Over the past 10 years, GDXU.TO has outperformed NRGU.TO with an annualized return of 11.19%, while NRGU.TO has yielded a comparatively lower 3.88% annualized 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%
NRGU.TO
- 1D
- -0.51%
- 1M
- -15.98%
- YTD
- 48.99%
- 6M
- 47.81%
- 1Y
- 91.01%
- 3Y*
- 33.54%
- 5Y*
- 39.04%
- 10Y*
- 3.88%
GDXU.TO vs. NRGU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDXU.TO BetaPro Canadian Gold Miners 2x Daily Bull ETF | -28.76% | 432.04% | 49.04% | 1.08% | -13.97% | -26.64% | 17.12% | 83.28% | -19.95% | -12.53% |
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 48.99% | 21.43% | 16.67% | -5.38% | 96.21% | 201.95% | -76.24% | 9.01% | -51.57% | -25.98% |
Correlation
The correlation between GDXU.TO and NRGU.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2007 | 0.20 |
The correlation between GDXU.TO and NRGU.TO shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GDXU.TO vs. NRGU.TO — Risk / Return Rank
GDXU.TO
NRGU.TO
GDXU.TO vs. NRGU.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 BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.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 | NRGU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.89 | -1.20 |
| Martin ratioReturn relative to average drawdown | 3.88 | 9.72 | -5.83 |
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Drawdowns
GDXU.TO vs. NRGU.TO - Drawdown Comparison
The maximum GDXU.TO drawdown since its inception was -98.01%, roughly equal to the maximum NRGU.TO drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for GDXU.TO and NRGU.TO.
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Drawdown Indicators
| GDXU.TO | NRGU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.01% | -99.71% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -60.60% | -31.71% | -28.89% |
Max Drawdown (3Y)Largest decline over 3 years | -60.60% | -51.12% | -9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -62.92% | -52.50% | -10.42% |
Max Drawdown (10Y)Largest decline over 10 years | -79.29% | -97.54% | +18.25% |
Current DrawdownCurrent decline from peak | -58.27% | -87.78% | +29.51% |
Average DrawdownAverage peak-to-trough decline | -78.33% | -83.54% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.19% | 9.40% | +16.79% |
Volatility
GDXU.TO vs. NRGU.TO - Volatility Comparison
BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) has a higher volatility of 32.90% compared to BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) at 16.68%. This indicates that GDXU.TO's price experiences larger fluctuations and is considered to be riskier than NRGU.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 | NRGU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.90% | 16.68% | +16.22% |
Volatility (6M)Calculated over the trailing 6-month period | 76.15% | 40.33% | +35.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.66% | 47.14% | +44.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.25% | 57.20% | +11.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.32% | 66.50% | +0.82% |
Dividends
GDXU.TO vs. NRGU.TO - Dividend Comparison
Neither GDXU.TO nor NRGU.TO has paid dividends to shareholders.
Frequently Asked Questions
GDXU.TO and NRGU.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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