SLVU.TO vs. HNU.TO
SLVU.TO (BetaPro Silver 2x Daily Bull ETF) and HNU.TO (BetaPro Natural Gas Leveraged Daily Bull ETF) are both exchange-traded funds - SLVU.TO is a Silver fund tracking the Solactive Silver Front Month MD Rolling Futures Index ER, while HNU.TO is a Leveraged Commodities fund actively managed by Global X. SLVU.TO is passively managed, while HNU.TO is actively managed. Over the past 10 years, SLVU.TO returned -2.36%/yr vs -58.81%/yr for HNU.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
SLVU.TO vs. HNU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SLVU.TO achieves a -62.36% return, which is significantly lower than HNU.TO's -46.99% return. Over the past 10 years, SLVU.TO has outperformed HNU.TO with an annualized return of -2.36%, while HNU.TO has yielded a comparatively lower -58.81% annualized return.
SLVU.TO
- 1D
- 1.65%
- 1M
- -31.65%
- 6M
- -75.96%
- YTD
- -62.36%
- 1Y
- 9.44%
- 3Y*
- 19.28%
- 5Y*
- 3.55%
- 10Y*
- -2.36%
HNU.TO
- 1D
- 1.89%
- 1M
- -18.10%
- 6M
- -29.58%
- YTD
- -46.99%
- 1Y
- -69.97%
- 3Y*
- -63.30%
- 5Y*
- -67.76%
- 10Y*
- -58.81%
SLVU.TO vs. HNU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVU.TO BetaPro Silver 2x Daily Bull ETF | -62.36% | 349.25% | 20.60% | -15.93% | -10.22% | -34.60% | 55.36% | 16.38% | -26.60% | 1.00% |
HNU.TO BetaPro Natural Gas Leveraged Daily Bull ETF | -46.99% | -57.15% | -52.11% | -93.62% | -34.09% | 34.67% | -80.00% | -64.30% | -19.59% | -67.92% |
Correlation
The correlation between SLVU.TO and HNU.TO is 0.01, 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 (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.01 |
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Return for Risk
SLVU.TO vs. HNU.TO — Risk / Return Rank
SLVU.TO
HNU.TO
SLVU.TO vs. HNU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Silver 2x Daily Bull ETF (SLVU.TO) and BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.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.
| SLVU.TO | HNU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.92 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.97 | +1.08 |
| Martin ratioReturn relative to average drawdown | 0.19 | -1.41 | +1.60 |
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Drawdowns
SLVU.TO vs. HNU.TO - Drawdown Comparison
The maximum SLVU.TO drawdown since its inception was -98.60%, roughly equal to the maximum HNU.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SLVU.TO and HNU.TO.
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Drawdown Indicators
| SLVU.TO | HNU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.60% | -100.00% | +1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -85.60% | -72.14% | -13.46% |
Max Drawdown (3Y)Largest decline over 3 years | -85.60% | -96.18% | +10.58% |
Max Drawdown (5Y)Largest decline over 5 years | -85.60% | -99.92% | +14.32% |
Max Drawdown (10Y)Largest decline over 10 years | -85.60% | -99.99% | +14.39% |
Current DrawdownCurrent decline from peak | -94.75% | -100.00% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -84.45% | -96.59% | +12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.27% | 49.71% | -0.44% |
Volatility
SLVU.TO vs. HNU.TO - Volatility Comparison
BetaPro Silver 2x Daily Bull ETF (SLVU.TO) has a higher volatility of 26.01% compared to BetaPro Natural Gas Leveraged Daily Bull ETF (HNU.TO) at 20.36%. This indicates that SLVU.TO's price experiences larger fluctuations and is considered to be riskier than HNU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVU.TO | HNU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.01% | 20.36% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 130.47% | 98.43% | +32.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.61% | 111.86% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.22% | 124.44% | -49.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.08% | 106.27% | -40.19% |
Dividends
SLVU.TO vs. HNU.TO - Dividend Comparison
Neither SLVU.TO nor HNU.TO has paid dividends to shareholders.
Frequently Asked Questions
SLVU.TO and HNU.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVU.TO is categorized as Silver, while HNU.TO is Leveraged Commodities.
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