NRGU.TO vs. HBNK.TO
NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - NRGU.TO is a Leveraged Equities fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. NRGU.TO is actively managed, while HBNK.TO is passively managed. Over the past year, NRGU.TO returned 91.01% vs 70.95% for HBNK.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
NRGU.TO vs. HBNK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NRGU.TO achieves a 48.99% return, which is significantly higher than HBNK.TO's 31.79% return.
NRGU.TO
- 1D
- -0.51%
- 1M
- -15.98%
- YTD
- 48.99%
- 6M
- 47.81%
- 1Y
- 91.01%
- 3Y*
- 33.54%
- 5Y*
- 39.04%
- 10Y*
- 3.88%
HBNK.TO
- 1D
- 0.49%
- 1M
- 10.91%
- YTD
- 31.79%
- 6M
- 31.23%
- 1Y
- 70.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGU.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 48.99% | 21.43% | 16.67% | 16.72% |
HBNK.TO Global X Equal Weight Banks Index ETF | 31.79% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between NRGU.TO and HBNK.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.13 |
The correlation between NRGU.TO and HBNK.TO shifts across timeframes, from -0.12 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NRGU.TO vs. HBNK.TO — Risk / Return Rank
NRGU.TO
HBNK.TO
NRGU.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) and Global X Equal Weight Banks Index ETF (HBNK.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.
| NRGU.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -5.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.00 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 8.41 | -5.53 |
| Martin ratioReturn relative to average drawdown | 9.72 | 36.58 | -26.87 |
Loading charts...
Drawdowns
NRGU.TO vs. HBNK.TO - Drawdown Comparison
The maximum NRGU.TO drawdown since its inception was -99.71%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for NRGU.TO and HBNK.TO.
Loading charts...
Drawdown Indicators
| NRGU.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.71% | -14.78% | -84.93% |
Max Drawdown (1Y)Largest decline over 1 year | -31.71% | -8.48% | -23.23% |
Max Drawdown (3Y)Largest decline over 3 years | -51.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.54% | — | — |
Current DrawdownCurrent decline from peak | -87.78% | 0.00% | -87.78% |
Average DrawdownAverage peak-to-trough decline | -83.54% | -2.27% | -81.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.40% | 1.95% | +7.45% |
Volatility
NRGU.TO vs. HBNK.TO - Volatility Comparison
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) has a higher volatility of 16.68% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 3.52%. This indicates that NRGU.TO's price experiences larger fluctuations and is considered to be riskier than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NRGU.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 3.52% | +13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 40.33% | 11.29% | +29.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.14% | 12.96% | +34.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 12.69% | +44.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.50% | 12.69% | +53.81% |
Dividends
NRGU.TO vs. HBNK.TO - Dividend Comparison
NRGU.TO has not paid dividends to shareholders, while HBNK.TO's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.35% | 3.24% | 4.15% | 2.45% |
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRGU.TO and HBNK.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU.TO is categorized as Leveraged Equities, while HBNK.TO is Financials Equities.
Find the right allocation for NRGU.TO and HBNK.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer