GLDU.TO vs. OILU.TO
GLDU.TO (BetaPro Gold Bullion 2x Daily Bull ETF) and OILU.TO (SavvyLong Geared Crude Oil ETF) are both exchange-traded funds - GLDU.TO is a Leveraged Commodities fund tracking the Solactive Gold Front Month MD Rolling Futures Index, while OILU.TO is a Oil & Gas fund tracking the Solactive Crude Oil Rolling Futures Index. Both are passively managed. Over the past year, GLDU.TO returned 18.67% vs 100.51% for OILU.TO. At a correlation of -0.04, they often move in opposite directions. GLDU.TO charges 1.15%/yr vs 1.25%/yr for OILU.TO.
Performance
GLDU.TO vs. OILU.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 lower than OILU.TO's 166.07% 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%
OILU.TO
- 1D
- 7.17%
- 1M
- 13.20%
- 6M
- 145.51%
- YTD
- 166.07%
- 1Y
- 100.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDU.TO vs. OILU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDU.TO BetaPro Gold Bullion 2x Daily Bull ETF | -23.34% | 125.83% |
OILU.TO SavvyLong Geared Crude Oil ETF | 166.07% | -37.71% |
Correlation
The correlation between GLDU.TO and OILU.TO is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | -0.04 |
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Return for Risk
GLDU.TO vs. OILU.TO — Risk / Return Rank
GLDU.TO
OILU.TO
GLDU.TO vs. OILU.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 SavvyLong Geared Crude Oil ETF (OILU.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 | OILU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.86 | -1.50 |
| Martin ratioReturn relative to average drawdown | 0.81 | 4.45 | -3.64 |
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Drawdowns
GLDU.TO vs. OILU.TO - Drawdown Comparison
The maximum GLDU.TO drawdown since its inception was -77.99%, which is greater than OILU.TO's maximum drawdown of -54.53%. Use the drawdown chart below to compare losses from any high point for GLDU.TO and OILU.TO.
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Drawdown Indicators
| GLDU.TO | OILU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.99% | -54.53% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -50.96% | -54.53% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -50.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.96% | — | — |
Current DrawdownCurrent decline from peak | -50.13% | -37.31% | -12.82% |
Average DrawdownAverage peak-to-trough decline | -48.82% | -29.55% | -19.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 22.76% | +0.48% |
Volatility
GLDU.TO vs. OILU.TO - Volatility Comparison
The current volatility for BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) is 13.37%, while SavvyLong Geared Crude Oil ETF (OILU.TO) has a volatility of 26.69%. This indicates that GLDU.TO experiences smaller price fluctuations and is considered to be less risky than OILU.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 | OILU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.37% | 26.69% | -13.32% |
Volatility (6M)Calculated over the trailing 6-month period | 48.73% | 83.50% | -34.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.41% | 91.23% | -35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.18% | 83.50% | -46.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.87% | 83.50% | -50.63% |
GLDU.TO vs. OILU.TO - Expense Ratio Comparison
GLDU.TO has a 1.15% expense ratio, which is lower than OILU.TO's 1.25% expense ratio.
Dividends
GLDU.TO vs. OILU.TO - Dividend Comparison
Neither GLDU.TO nor OILU.TO has paid dividends to shareholders.
Frequently Asked Questions
GLDU.TO and OILU.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDU.TO is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDU.TO is cheaper with a 1.15% expense ratio, compared with 1.25% for OILU.TO.
GLDU.TO is categorized as Leveraged Commodities, while OILU.TO is Oil & Gas. GLDU.TO tracks Solactive Gold Front Month MD Rolling Futures Index, while OILU.TO tracks Solactive Crude Oil Rolling Futures Index. They also come from different issuers: Global X and LongPoint. Their fees differ too: 1.15% for GLDU.TO and 1.25% for OILU.TO.
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