NRGU.TO vs. HXQ.TO

Last updated Aug 2, 2026

NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - NRGU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Energy Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, NRGU.TO returned 7.65%/yr vs 21.14%/yr for HXQ.TO. Their 0.13 correlation means their historical movements had little consistent relationship. NRGU.TO charges 1.63%/yr vs 0.25%/yr for HXQ.TO.

Performance

NRGU.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGU.TO achieves a 99.60% return, which is significantly higher than HXQ.TO's 14.56% return. Over the past 10 years, NRGU.TO has underperformed HXQ.TO with an annualized return of 7.65%, while HXQ.TO has yielded a comparatively higher 21.14% annualized return.

NRGU.TO

• 1D: 1.26%
• 1M: 31.06%
• 6M: 62.79%
• YTD: 99.60%
• 1Y: 147.62%
• 3Y*: 39.00%
• 5Y*: 54.92%
• 10Y*: 7.65%
• ALL TIME*: -6.76%

HXQ.TO

• 1D: 0.69%
• 1M: -5.98%
• 6M: 12.81%
• YTD: 14.56%
• 1Y: 26.47%
• 3Y*: 24.20%
• 5Y*: 16.73%
• 10Y*: 21.14%
• ALL TIME*: 21.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	CA$2.97M	CA$3.02M	CA$3.91M
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF	CA$4.58M	CA$4.06M	CA$3.94M

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF	99.60%	21.43%	16.67%	-5.38%	96.21%	201.95%	-76.24%	9.01%	-51.57%	-25.98%
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	14.56%	15.05%	35.98%	51.16%	-27.84%	26.20%	45.58%	32.26%	6.71%	23.12%

Correlation

The correlation between NRGU.TO and HXQ.TO is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (3Y) Balances recent behavior with more history.	0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.08
Correlation (10Y) Provides a long-term view across more market conditions.	0.13
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016	0.13

The correlation between NRGU.TO and HXQ.TO shifts across timeframes, from -0.12 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.

NRGU.TO vs. HXQ.TO - Sectors Allocation Comparison

Sectors	NRGU.TO	HXQ.TO
Energy	100.0%	0.5%
Basic Materials	-	1.0%
Communication Services	-	15.8%
Consumer Cyclical	-	13.2%
Consumer Defensive	-	4.4%
Financial Services	-	0.3%
Healthcare	-	4.4%
Industrials	-	3.1%
Real Estate	-	0.2%
Technology	-	55.9%
Utilities	-	1.4%

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

NRGU.TO

NRGU.TO Risk / Return Rank: 89
NRGU.TO Sharpe Ratio Rank: 95
NRGU.TO Sortino Ratio Rank: 86
NRGU.TO Omega Ratio Rank: 86
NRGU.TO Calmar Ratio Rank: 92
NRGU.TO Martin Ratio Rank: 86

HXQ.TO

HXQ.TO Risk / Return Rank: 49
HXQ.TO Sharpe Ratio Rank: 50
HXQ.TO Sortino Ratio Rank: 47
HXQ.TO Omega Ratio Rank: 49
HXQ.TO Calmar Ratio Rank: 52
HXQ.TO Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NRGU.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.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	HXQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.83	1.25	+1.58
Sortino ratio: Return per unit of downside risk	2.94	1.75	+1.19
Omega ratio: Gain probability vs. loss probability	1.39	1.23	+0.16
Calmar ratio: Return relative to maximum drawdown	4.37	1.90	+2.47
Martin ratio: Return relative to average drawdown	12.67	5.49	+7.17

NRGU.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current NRGU.TO Sharpe Ratio is 2.83, which is higher than the HXQ.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of NRGU.TO and HXQ.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.

Drawdowns

NRGU.TO vs. HXQ.TO - Drawdown Comparison

The maximum NRGU.TO drawdown since its inception was -99.71%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for NRGU.TO and HXQ.TO.

Drawdown Indicators

	NRGU.TO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-31.60%	-68.11%
Max Drawdown (1Y) Largest decline over 1 year	-31.84%	-12.43%	-19.41%
Max Drawdown (3Y) Largest decline over 3 years	-51.12%	-22.58%	-28.54%
Max Drawdown (5Y) Largest decline over 5 years	-52.50%	-31.60%	-20.90%
Max Drawdown (10Y) Largest decline over 10 years	-97.54%	-31.60%	-65.94%
Current Drawdown Current decline from peak	-83.63%	-7.80%	-75.83%
Average Drawdown Average peak-to-trough decline	-83.55%	-5.72%	-77.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.02%	4.30%	+6.72%

Volatility

NRGU.TO vs. HXQ.TO - Volatility Comparison

BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) has a higher volatility of 16.28% compared to Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) at 6.71%. This indicates that NRGU.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGU.TO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.28%	6.71%	+9.57%
Volatility (6M) Calculated over the trailing 6-month period	40.80%	15.67%	+25.13%
Volatility (1Y) Calculated over the trailing 1-year period	49.31%	18.98%	+30.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.15%	21.29%	+35.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.58%	21.07%	+45.51%

NRGU.TO vs. HXQ.TO - Expense Ratio Comparison

NRGU.TO has a 1.63% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

NRGU.TO vs. HXQ.TO - Dividend Comparison

Neither NRGU.TO nor HXQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

NRGU.TO and HXQ.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.

Which ETF is better, NRGU.TO or HXQ.TO?

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NRGU.TO or HXQ.TO?

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 1.63% for NRGU.TO.

What is the main difference between NRGU.TO and HXQ.TO?

NRGU.TO is categorized as Leveraged Equities, while HXQ.TO is Nasdaq-100. NRGU.TO tracks S&P/TSX Capped Energy Index, while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 1.63% for NRGU.TO and 0.25% for HXQ.TO.