NRGU.TO vs. HEQL.TO

Last updated Jul 1, 2026

NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) and HEQL.TO (Global X Enhanced All-Equity Asset Allocation ETF CAD) are both Leveraged Equities funds from Global X. Both are actively managed. At a correlation of -0.23, they often move in opposite directions.

Performance

NRGU.TO vs. HEQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

HEQL.TO

• 1D: 0.80%
• 1M: 3.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRGU.TO vs. HEQL.TO - Yearly Performance Comparison

	2026 (YTD)
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF	33.56%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	15.23%

Correlation

The correlation between NRGU.TO and HEQL.TO is -0.23, 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 (All Time) Calculated using the full available price history since Jan 20, 2026	-0.23

Return for Risk

NRGU.TO vs. HEQL.TO — Risk / Return Rank

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

NRGU.TO

NRGU.TO Risk / Return Rank: 62
NRGU.TO Sharpe Ratio Rank: 70
NRGU.TO Sortino Ratio Rank: 54
NRGU.TO Omega Ratio Rank: 55
NRGU.TO Calmar Ratio Rank: 68
NRGU.TO Martin Ratio Rank: 63

HEQL.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NRGU.TO vs. HEQL.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 Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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	HEQL.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.29	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.89	—	—
Martin ratio: Return relative to average drawdown	9.72	—	—

Drawdowns

NRGU.TO vs. HEQL.TO - Drawdown Comparison

The maximum NRGU.TO drawdown since its inception was -99.71%, which is greater than HEQL.TO's maximum drawdown of -10.69%. Use the drawdown chart below to compare losses from any high point for NRGU.TO and HEQL.TO.

Drawdown Indicators

	NRGU.TO	HEQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-10.69%	-89.02%
Max Drawdown (1Y) Largest decline over 1 year	-31.71%	—	—
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 Drawdown Current decline from peak	-87.78%	-0.36%	-87.42%
Average Drawdown Average peak-to-trough decline	-83.54%	-2.11%	-81.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.40%	—	—

Volatility

Volatility by Period

	NRGU.TO	HEQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.14%	18.63%	+28.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.20%	18.63%	+38.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.50%	18.63%	+47.87%

Dividends

NRGU.TO vs. HEQL.TO - Dividend Comparison

NRGU.TO has not paid dividends to shareholders, while HEQL.TO's dividend yield for the trailing twelve months is around 0.69%.

Position	TTM
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	0.69%
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF	0.00%

Frequently Asked Questions

Can I hold both NRGU.TO and HEQL.TO in my portfolio?

NRGU.TO and HEQL.TO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.