GLDU.TO vs. HNU.TO
GLDU.TO (BetaPro Gold Bullion 2x Daily Bull ETF) and HNU.TO (BetaPro Natural Gas Leveraged Daily Bull ETF) are both Leveraged Commodities funds from Global X. GLDU.TO is passively managed, while HNU.TO is actively managed. Over the past 10 years, GLDU.TO returned 11.31%/yr vs -58.81%/yr for HNU.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
GLDU.TO vs. HNU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GLDU.TO achieves a -23.34% return, which is significantly higher than HNU.TO's -46.99% return. Over the past 10 years, GLDU.TO has outperformed HNU.TO with an annualized return of 11.31%, while HNU.TO has yielded a comparatively lower -58.81% annualized return.
GLDU.TO
- 1D
- 1.70%
- 1M
- -11.54%
- 6M
- -31.74%
- YTD
- -23.34%
- 1Y
- 18.67%
- 3Y*
- 36.75%
- 5Y*
- 20.24%
- 10Y*
- 11.31%
HNU.TO
- 1D
- 1.89%
- 1M
- -18.10%
- 6M
- -29.58%
- YTD
- -46.99%
- 1Y
- -69.97%
- 3Y*
- -63.30%
- 5Y*
- -67.76%
- 10Y*
- -58.81%
GLDU.TO vs. HNU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLDU.TO BetaPro Gold Bullion 2x Daily Bull ETF | -23.34% | 128.66% | 42.19% | 13.27% | -9.80% | -14.02% | 35.05% | 29.13% | -10.69% | 19.42% |
HNU.TO BetaPro Natural Gas Leveraged Daily Bull ETF | -46.99% | -57.15% | -52.11% | -93.62% | -34.09% | 34.67% | -80.00% | -64.30% | -19.59% | -67.92% |
Correlation
The correlation between GLDU.TO and HNU.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2008 | 0.02 |
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Return for Risk
GLDU.TO vs. HNU.TO — Risk / Return Rank
GLDU.TO
HNU.TO
GLDU.TO vs. HNU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) and BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.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.
| GLDU.TO | HNU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.92 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.97 | +1.34 |
| Martin ratioReturn relative to average drawdown | 0.81 | -1.41 | +2.21 |
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Drawdowns
GLDU.TO vs. HNU.TO - Drawdown Comparison
The maximum GLDU.TO drawdown since its inception was -77.99%, smaller than the maximum HNU.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GLDU.TO and HNU.TO.
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Drawdown Indicators
| GLDU.TO | HNU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.99% | -100.00% | +22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -50.96% | -72.14% | +21.18% |
Max Drawdown (3Y)Largest decline over 3 years | -50.96% | -96.18% | +45.22% |
Max Drawdown (5Y)Largest decline over 5 years | -50.96% | -99.92% | +48.96% |
Max Drawdown (10Y)Largest decline over 10 years | -50.96% | -99.99% | +49.03% |
Current DrawdownCurrent decline from peak | -50.13% | -100.00% | +49.87% |
Average DrawdownAverage peak-to-trough decline | -48.82% | -96.59% | +47.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 49.71% | -26.47% |
Volatility
GLDU.TO vs. HNU.TO - Volatility Comparison
The current volatility for BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) is 13.37%, while BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.TO) has a volatility of 20.36%. This indicates that GLDU.TO experiences smaller price fluctuations and is considered to be less risky than HNU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDU.TO | HNU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.37% | 20.36% | -6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 48.73% | 98.43% | -49.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.41% | 111.86% | -56.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.18% | 124.44% | -87.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.87% | 106.27% | -73.40% |
Dividends
GLDU.TO vs. HNU.TO - Dividend Comparison
Neither GLDU.TO nor HNU.TO has paid dividends to shareholders.
Frequently Asked Questions
GLDU.TO and HNU.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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