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HXT.TO vs. CNDU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXT.TO vs. CNDU.TO

Last updated Jun 4, 2026

HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) and CNDU.TO (BetaPro S&P/TSX 60 2x Daily Bull ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while CNDU.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, HXT.TO returned 12.71%/yr vs 18.70%/yr for CNDU.TO. With a 0.99 correlation, they move nearly in lockstep. HXT.TO charges 0.07%/yr vs 1.15%/yr for CNDU.TO.

Performance

HXT.TO vs. CNDU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) and BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXT.TO achieves a 10.03% return, which is significantly lower than CNDU.TO's 17.93% return. Over the past 10 years, HXT.TO has underperformed CNDU.TO with an annualized return of 12.71%, while CNDU.TO has yielded a comparatively higher 18.70% annualized return.

HXT.TO

1D
-0.87%
1M
3.51%
YTD
10.03%
6M
12.04%
1Y
31.51%
3Y*
22.48%
5Y*
14.43%
10Y*
12.71%

CNDU.TO

1D
-1.69%
1M
6.67%
YTD
17.93%
6M
21.59%
1Y
62.18%
3Y*
38.91%
5Y*
22.02%
10Y*
18.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXT.TO vs. CNDU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXT.TO
Global X S&P/TSX 60 Corporate Class ETF		10.03%28.74%20.94%12.02%-6.27%28.11%5.36%22.18%-7.89%9.77%
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF		17.93%54.27%34.82%15.07%-17.75%59.15%-4.99%42.24%-19.24%15.76%

Correlation

The correlation between HXT.TO and CNDU.TO is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.99

The correlation between HXT.TO and CNDU.TO has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

HXT.TO vs. CNDU.TO - Sectors Allocation Comparison

Sectors
HXT.TO
CNDU.TO

Financial Services

37.3%
37.2%

Energy

15.9%
19.1%

Basic Materials

12.6%
14.6%

Technology

12.0%
8.7%

Industrials

8.9%
7.9%

Consumer Cyclical

3.9%
4.1%

Consumer Defensive

3.6%
3.4%

Utilities

2.9%
2.8%

Communication Services

2.4%
2.2%

Real Estate

0.5%
0.2%

Healthcare

-

-

Financial Services

HXT.TO
37.3%
CNDU.TO
37.2%

Energy

HXT.TO
15.9%
CNDU.TO
19.1%

Basic Materials

HXT.TO
12.6%
CNDU.TO
14.6%

Technology

HXT.TO
12.0%
CNDU.TO
8.7%

Industrials

HXT.TO
8.9%
CNDU.TO
7.9%

Consumer Cyclical

HXT.TO
3.9%
CNDU.TO
4.1%

Consumer Defensive

HXT.TO
3.6%
CNDU.TO
3.4%

Utilities

HXT.TO
2.9%
CNDU.TO
2.8%

Communication Services

HXT.TO
2.4%
CNDU.TO
2.2%

Real Estate

HXT.TO
0.5%
CNDU.TO
0.2%

Healthcare

HXT.TO

-

CNDU.TO

-

Compare stocks, funds, or ETFs

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Global X S&P/TSX 60 Corporate Class ETF

BetaPro S&P/TSX 60 2x Daily Bull ETF

Often compared with HXT.TO:
HXT.TO vs. VCN.TOHXT.TO vs. XIU.TOHXT.TO vs. XIC.TOHXT.TO vs. XEQT.TOHXT.TO vs. VFV.TOHXT.TO vs. HXCN.TOHXT.TO vs. HXH.TO
Often compared with CNDU.TO:
CNDU.TO vs. SLVU.TOCNDU.TO vs. HXD.TOCNDU.TO vs. AMHE.TOCNDU.TO vs. USSL.TOCNDU.TO vs. UPROCNDU.TO vs. TCND.TOCNDU.TO vs. TQQQ.TO

Return for Risk

HXT.TO vs. CNDU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXT.TO
HXT.TO Risk / Return Rank: 8181
Overall Rank
HXT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HXT.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
HXT.TO Omega Ratio Rank: 8080
Omega Ratio Rank
HXT.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
HXT.TO Martin Ratio Rank: 8787
Martin Ratio Rank
CNDU.TO
CNDU.TO Risk / Return Rank: 7979
Overall Rank
CNDU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
CNDU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
CNDU.TO Omega Ratio Rank: 7474
Omega Ratio Rank
CNDU.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
CNDU.TO Martin Ratio Rank: 8686
Martin Ratio Rank
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.

HXT.TO vs. CNDU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Corporate Class ETF (HXT.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.

HXT.TOCNDU.TODifference
Sharpe ratioReturn per unit of total volatility
2.70
2.65

+0.05

Sortino ratioReturn per unit of downside risk
3.63
3.27

+0.36

Omega ratioGain probability vs. loss probability

1.49

1.44

+0.05

Calmar ratioReturn relative to maximum drawdown

4.11

4.10

+0.01

Martin ratioReturn relative to average drawdown

19.10

18.17

+0.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXT.TO vs. CNDU.TO - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.70, which is comparable to the CNDU.TO Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of HXT.TO and CNDU.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.

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Sharpe Ratios by Period

HXT.TOCNDU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.70

2.65

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.14

0.87

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.62

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.28

+0.41

Drawdowns

HXT.TO vs. CNDU.TO - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -35.48%, smaller than the maximum CNDU.TO drawdown of -78.08%. Use the drawdown chart below to compare losses from any high point for HXT.TO and CNDU.TO.

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Drawdown Indicators

HXT.TOCNDU.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.48%

-78.08%

+42.60%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-15.26%

+7.55%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-24.52%

+12.16%

Max Drawdown (5Y)

Largest decline over 5 years

-16.33%

-32.60%

+16.27%

Max Drawdown (10Y)

Largest decline over 10 years

-35.48%

-61.51%

+26.03%

Current Drawdown

Current decline from peak

-0.87%

-1.69%

+0.82%

Average Drawdown

Average peak-to-trough decline

-4.66%

-23.36%

+18.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

3.43%

-1.78%

Volatility

HXT.TO vs. CNDU.TO - Volatility Comparison

The current volatility for Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) is 3.25%, while BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) has a volatility of 6.36%. This indicates that HXT.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

HXT.TOCNDU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

6.36%

-3.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.32%

18.86%

-9.54%

Volatility (1Y)

Calculated over the trailing 1-year period

11.71%

23.58%

-11.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.76%

25.54%

-12.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

30.10%

-14.93%

HXT.TO vs. CNDU.TO - Expense Ratio Comparison

HXT.TO has a 0.07% expense ratio, which is lower than CNDU.TO's 1.15% expense ratio.

Dividends

HXT.TO vs. CNDU.TO - Dividend Comparison

Neither HXT.TO nor CNDU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.99, HXT.TO and CNDU.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, HXT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXT.TO is cheaper with a 0.07% expense ratio, compared with 1.15% for CNDU.TO.

HXT.TO is categorized as Canada Equities, while CNDU.TO is Leveraged Equities. Both ETFs track S&P/TSX 60 Index. They also come from different issuers: Global X and Horizons ETFs. Their fees differ too: 0.07% for HXT.TO and 1.15% for CNDU.TO.

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