NRGU.TO vs. TCND.TO

Last updated Jul 17, 2026

NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) and TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) are both Leveraged Equities funds from Global X. NRGU.TO is actively managed, while TCND.TO is passively managed. At a correlation of -0.04, they often move in opposite directions.

Performance

NRGU.TO vs. TCND.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 BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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 71.45% return, which is significantly higher than TCND.TO's 34.16% return.

NRGU.TO

• 1D: 0.29%
• 1M: 3.38%
• 6M: 57.99%
• YTD: 71.45%
• 1Y: 117.07%
• 3Y*: 39.92%
• 5Y*: 49.47%
• 10Y*: 4.90%

TCND.TO

• 1D: -0.49%
• 1M: 2.85%
• 6M: 23.26%
• YTD: 34.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF	71.45%	27.75%
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	34.16%	41.09%

Correlation

The correlation between NRGU.TO and TCND.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	-0.04

Return for Risk

NRGU.TO vs. TCND.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: 80
NRGU.TO Sharpe Ratio Rank: 91
NRGU.TO Sortino Ratio Rank: 74
NRGU.TO Omega Ratio Rank: 75
NRGU.TO Calmar Ratio Rank: 84
NRGU.TO Martin Ratio Rank: 75

TCND.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. TCND.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 BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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	TCND.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.44	—	—
Sortino ratio: Return per unit of downside risk	2.68	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.70	—	—
Martin ratio: Return relative to average drawdown	10.91	—	—

Drawdowns

NRGU.TO vs. TCND.TO - Drawdown Comparison

The maximum NRGU.TO drawdown since its inception was -99.71%, which is greater than TCND.TO's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for NRGU.TO and TCND.TO.

Drawdown Indicators

	NRGU.TO	TCND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-22.06%	-77.65%
Max Drawdown (1Y) Largest decline over 1 year	-31.84%	—	—
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	-85.94%	-0.73%	-85.21%
Average Drawdown Average peak-to-trough decline	-83.55%	-3.36%	-80.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.77%	—	—

Volatility

Volatility by Period

	NRGU.TO	TCND.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	48.28%	35.27%	+13.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.16%	35.27%	+21.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.54%	35.27%	+31.27%

Dividends

NRGU.TO vs. TCND.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

NRGU.TO and TCND.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.