HXD.TO vs. CNDU.TO
Compare and contrast key facts about BetaPro S&P/TSX 60 -2x Daily Bear ETF (HXD.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO).
HXD.TO and CNDU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXD.TO is a passively managed fund by Horizons ETFs that tracks the performance of the S&P/TSX 60. It was launched on Jan 8, 2007. CNDU.TO is a passively managed fund by Horizons ETFs that tracks the performance of the S&P/TSX 60 Index. It was launched on Jan 8, 2007. Both HXD.TO and CNDU.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HXD.TO vs. CNDU.TO - Performance Comparison
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HXD.TO vs. CNDU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXD.TO BetaPro S&P/TSX 60 -2x Daily Bear ETF | -1.82% | -39.81% | 271.72% | -12.03% | 8.91% | -42.56% | -36.10% | -31.58% | 15.45% | -17.95% |
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF | 4.34% | 54.27% | 34.82% | 15.07% | -17.75% | 59.15% | -4.99% | 42.24% | -19.24% | 15.76% |
Returns By Period
In the year-to-date period, HXD.TO achieves a -1.82% return, which is significantly lower than CNDU.TO's 4.34% return. Over the past 10 years, HXD.TO has underperformed CNDU.TO with an annualized return of -9.76%, while CNDU.TO has yielded a comparatively higher 18.53% annualized return.
HXD.TO
- 1D
- 0.07%
- 1M
- 11.41%
- YTD
- -1.82%
- 6M
- -12.07%
- 1Y
- -39.16%
- 3Y*
- 26.35%
- 5Y*
- 7.82%
- 10Y*
- -9.76%
CNDU.TO
- 1D
- 4.89%
- 1M
- -6.84%
- YTD
- 4.34%
- 6M
- 14.56%
- 1Y
- 58.23%
- 3Y*
- 32.99%
- 5Y*
- 21.85%
- 10Y*
- 18.53%
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HXD.TO vs. CNDU.TO - Expense Ratio Comparison
HXD.TO has a 1.78% expense ratio, which is higher than CNDU.TO's 1.15% expense ratio.
Return for Risk
HXD.TO vs. CNDU.TO — Risk / Return Rank
HXD.TO
CNDU.TO
HXD.TO vs. CNDU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX 60 -2x Daily Bear ETF (HXD.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.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.
| HXD.TO | CNDU.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.39 | 2.02 | -3.41 |
Sortino ratioReturn per unit of downside risk | -2.29 | 2.47 | -4.76 |
Omega ratioGain probability vs. loss probability | 0.74 | 1.38 | -0.64 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.94 | -3.63 |
Martin ratioReturn relative to average drawdown | -0.96 | 13.41 | -14.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HXD.TO | CNDU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.39 | 2.02 | -3.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.87 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.62 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.26 | -0.29 |
Correlation
The correlation between HXD.TO and CNDU.TO is -0.98. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
HXD.TO vs. CNDU.TO - Dividend Comparison
Neither HXD.TO nor CNDU.TO has paid dividends to shareholders.
Drawdowns
HXD.TO vs. CNDU.TO - Drawdown Comparison
The maximum HXD.TO drawdown since its inception was -98.45%, which is greater than CNDU.TO's maximum drawdown of -78.08%. Use the drawdown chart below to compare losses from any high point for HXD.TO and CNDU.TO.
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Drawdown Indicators
| HXD.TO | CNDU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.45% | -78.08% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -55.32% | -20.72% | -34.60% |
Max Drawdown (5Y)Largest decline over 5 years | -55.32% | -32.60% | -22.72% |
Max Drawdown (10Y)Largest decline over 10 years | -88.83% | -61.51% | -27.32% |
Current DrawdownCurrent decline from peak | -95.16% | -8.17% | -86.99% |
Average DrawdownAverage peak-to-trough decline | -78.80% | -23.55% | -55.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.83% | 4.55% | +35.28% |
Volatility
HXD.TO vs. CNDU.TO - Volatility Comparison
The current volatility for BetaPro S&P/TSX 60 -2x Daily Bear ETF (HXD.TO) is 9.26%, while BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) has a volatility of 10.76%. This indicates that HXD.TO experiences smaller price fluctuations and is considered to be less risky than CNDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXD.TO | CNDU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 10.76% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 19.82% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.97% | 29.08% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 181.64% | 25.44% | +156.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.66% | 30.07% | +100.59% |