GLDU.TO vs. SLVU.TO

Last updated Jul 18, 2026

GLDU.TO (BetaPro Gold Bullion 2x Daily Bull ETF) and SLVU.TO (BetaPro Silver 2x Daily Bull ETF) are both exchange-traded funds - GLDU.TO is a Leveraged Commodities fund tracking the Solactive Gold Front Month MD Rolling Futures Index, while SLVU.TO is a Silver fund tracking the Solactive Silver Front Month MD Rolling Futures Index ER. Both are passively managed. Over the past 10 years, GLDU.TO returned 11.31%/yr vs -2.36%/yr for SLVU.TO. A 0.77 correlation means they provide meaningful diversification when combined. GLDU.TO charges 1.15%/yr vs 2.20%/yr for SLVU.TO.

Performance

GLDU.TO vs. SLVU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) and BetaPro Silver 2x Daily Bull ETF (SLVU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDU.TO achieves a -23.34% return, which is significantly higher than SLVU.TO's -62.36% return. Over the past 10 years, GLDU.TO has outperformed SLVU.TO with an annualized return of 11.31%, while SLVU.TO has yielded a comparatively lower -2.36% 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%

SLVU.TO

• 1D: 1.65%
• 1M: -31.65%
• 6M: -75.96%
• YTD: -62.36%
• 1Y: 9.44%
• 3Y*: 19.28%
• 5Y*: 3.55%
• 10Y*: -2.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDU.TO vs. SLVU.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%
SLVU.TO BetaPro Silver 2x Daily Bull ETF	-62.36%	349.25%	20.60%	-15.93%	-10.22%	-34.60%	55.36%	16.38%	-26.60%	1.00%

Correlation

The correlation between GLDU.TO and SLVU.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009	0.77

The correlation between GLDU.TO and SLVU.TO has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

GLDU.TO vs. SLVU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDU.TO

GLDU.TO Risk / Return Rank: 17
GLDU.TO Sharpe Ratio Rank: 16
GLDU.TO Sortino Ratio Rank: 19
GLDU.TO Omega Ratio Rank: 21
GLDU.TO Calmar Ratio Rank: 15
GLDU.TO Martin Ratio Rank: 14

SLVU.TO

SLVU.TO Risk / Return Rank: 17
SLVU.TO Sharpe Ratio Rank: 12
SLVU.TO Sortino Ratio Rank: 23
SLVU.TO Omega Ratio Rank: 29
SLVU.TO Calmar Ratio Rank: 12
SLVU.TO Martin Ratio Rank: 11

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.

GLDU.TO vs. SLVU.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 Silver 2x Daily Bull ETF (SLVU.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	SLVU.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.08	+0.26
Sortino ratio: Return per unit of downside risk	0.79	1.04	-0.25
Omega ratio: Gain probability vs. loss probability	1.11	1.16	-0.05
Calmar ratio: Return relative to maximum drawdown	0.37	0.11	+0.26
Martin ratio: Return relative to average drawdown	0.81	0.19	+0.61

GLDU.TO vs. SLVU.TO - Sharpe Ratio Comparison

The current GLDU.TO Sharpe Ratio is 0.34, which is higher than the SLVU.TO Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of GLDU.TO and SLVU.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.

Drawdowns

GLDU.TO vs. SLVU.TO - Drawdown Comparison

The maximum GLDU.TO drawdown since its inception was -77.99%, smaller than the maximum SLVU.TO drawdown of -98.60%. Use the drawdown chart below to compare losses from any high point for GLDU.TO and SLVU.TO.

Drawdown Indicators

	GLDU.TO	SLVU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.99%	-98.60%	+20.61%
Max Drawdown (1Y) Largest decline over 1 year	-50.96%	-85.60%	+34.64%
Max Drawdown (3Y) Largest decline over 3 years	-50.96%	-85.60%	+34.64%
Max Drawdown (5Y) Largest decline over 5 years	-50.96%	-85.60%	+34.64%
Max Drawdown (10Y) Largest decline over 10 years	-50.96%	-85.60%	+34.64%
Current Drawdown Current decline from peak	-50.13%	-94.75%	+44.62%
Average Drawdown Average peak-to-trough decline	-48.82%	-84.45%	+35.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.24%	49.27%	-26.03%

Volatility

GLDU.TO vs. SLVU.TO - Volatility Comparison

The current volatility for BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) is 13.37%, while BetaPro Silver 2x Daily Bull ETF (SLVU.TO) has a volatility of 26.01%. This indicates that GLDU.TO experiences smaller price fluctuations and is considered to be less risky than SLVU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDU.TO	SLVU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.37%	26.01%	-12.64%
Volatility (6M) Calculated over the trailing 6-month period	48.73%	130.47%	-81.74%
Volatility (1Y) Calculated over the trailing 1-year period	55.41%	122.61%	-67.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.18%	75.22%	-38.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.87%	66.08%	-33.21%

GLDU.TO vs. SLVU.TO - Expense Ratio Comparison

GLDU.TO has a 1.15% expense ratio, which is lower than SLVU.TO's 2.20% expense ratio.

Dividends

GLDU.TO vs. SLVU.TO - Dividend Comparison

Neither GLDU.TO nor SLVU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLDU.TO and SLVU.TO in my portfolio?

GLDU.TO and SLVU.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDU.TO or SLVU.TO?

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.

Which ETF is cheaper, GLDU.TO or SLVU.TO?

GLDU.TO is cheaper with a 1.15% expense ratio, compared with 2.20% for SLVU.TO.

What is the main difference between GLDU.TO and SLVU.TO?

GLDU.TO is categorized as Leveraged Commodities, while SLVU.TO is Silver. GLDU.TO tracks Solactive Gold Front Month MD Rolling Futures Index, while SLVU.TO tracks Solactive Silver Front Month MD Rolling Futures Index ER. Their fees differ too: 1.15% for GLDU.TO and 2.20% for SLVU.TO.