HNU.TO vs. GLDU.TO
HNU.TO (BetaPro Natural Gas Leveraged Daily Bull ETF) and GLDU.TO (BetaPro Gold Bullion 2x Daily Bull ETF) are both Leveraged Commodities funds from Global X. HNU.TO is actively managed, while GLDU.TO is passively managed. Over the past 10 years, HNU.TO returned -58.51%/yr vs 11.49%/yr for GLDU.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
HNU.TO vs. GLDU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HNU.TO achieves a -34.05% return, which is significantly lower than GLDU.TO's -22.66% return. Over the past 10 years, HNU.TO has underperformed GLDU.TO with an annualized return of -58.51%, while GLDU.TO has yielded a comparatively higher 11.49% annualized return.
HNU.TO
- 1D
- 5.08%
- 1M
- -5.95%
- YTD
- -34.05%
- 6M
- -42.88%
- 1Y
- -60.92%
- 3Y*
- -62.06%
- 5Y*
- -66.59%
- 10Y*
- -58.51%
GLDU.TO
- 1D
- 0.00%
- 1M
- -23.14%
- YTD
- -22.66%
- 6M
- -23.76%
- 1Y
- 21.44%
- 3Y*
- 39.67%
- 5Y*
- 21.51%
- 10Y*
- 11.49%
HNU.TO vs. GLDU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNU.TO BetaPro Natural Gas Leveraged Daily Bull ETF | -34.05% | -57.15% | -52.11% | -93.62% | -34.09% | 34.67% | -80.00% | -64.30% | -19.59% | -67.92% |
GLDU.TO BetaPro Gold Bullion 2x Daily Bull ETF | -22.66% | 128.66% | 42.19% | 13.27% | -9.80% | -14.02% | 35.05% | 29.13% | -10.69% | 19.42% |
Correlation
The correlation between HNU.TO and GLDU.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
HNU.TO vs. GLDU.TO — Risk / Return Rank
HNU.TO
GLDU.TO
HNU.TO vs. GLDU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.TO) and BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.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.
| HNU.TO | GLDU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.12 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.43 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.29 | 1.04 | -2.32 |
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Drawdowns
HNU.TO vs. GLDU.TO - Drawdown Comparison
The maximum HNU.TO drawdown since its inception was -100.00%, which is greater than GLDU.TO's maximum drawdown of -77.99%. Use the drawdown chart below to compare losses from any high point for HNU.TO and GLDU.TO.
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Drawdown Indicators
| HNU.TO | GLDU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.99% | -22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -70.42% | -50.28% | -20.14% |
Max Drawdown (3Y)Largest decline over 3 years | -95.94% | -50.28% | -45.66% |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | -50.28% | -49.63% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -50.28% | -49.71% |
Current DrawdownCurrent decline from peak | -100.00% | -49.69% | -50.31% |
Average DrawdownAverage peak-to-trough decline | -96.59% | -48.82% | -47.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.42% | 20.71% | +26.71% |
Volatility
HNU.TO vs. GLDU.TO - Volatility Comparison
BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.TO) has a higher volatility of 20.36% compared to BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) at 17.44%. This indicates that HNU.TO's price experiences larger fluctuations and is considered to be riskier than GLDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNU.TO | GLDU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.36% | 17.44% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 102.42% | 48.46% | +53.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.83% | 54.87% | +57.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.41% | 36.98% | +87.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.26% | 32.79% | +73.47% |
Dividends
HNU.TO vs. GLDU.TO - Dividend Comparison
Neither HNU.TO nor GLDU.TO has paid dividends to shareholders.
Frequently Asked Questions
HNU.TO and GLDU.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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