SOXU.TO vs. TCND.TO

Last updated Jun 5, 2026

SOXU.TO (MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF) and TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) are both Leveraged Equities funds - SOXU.TO tracks the Solactive US Semiconductor 30 Capped Index while TCND.TO tracks the S&P/TSX 60 Index. Both are passively managed. At a 0.45 correlation, their price movements are largely independent.

Performance

SOXU.TO vs. TCND.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.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, SOXU.TO achieves a 499.09% return, which is significantly higher than TCND.TO's 28.05% return.

SOXU.TO

• 1D: -6.24%
• 1M: 86.36%
• YTD: 499.09%
• 6M: 462.27%
• 1Y: 1,463.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCND.TO

• 1D: 3.81%
• 1M: 14.65%
• YTD: 28.05%
• 6M: 31.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF	499.09%	55.82%
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	28.05%	41.62%

Correlation

The correlation between SOXU.TO and TCND.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.45

Return for Risk

SOXU.TO vs. TCND.TO — Risk / Return Rank

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

SOXU.TO

SOXU.TO Risk / Return Rank: 98
SOXU.TO Sharpe Ratio Rank: 100
SOXU.TO Sortino Ratio Rank: 95
SOXU.TO Omega Ratio Rank: 95
SOXU.TO Calmar Ratio Rank: 99
SOXU.TO Martin Ratio Rank: 99

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.

SOXU.TO vs. TCND.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.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.

	SOXU.TO	TCND.TO	Difference
Sharpe ratio: Return per unit of total volatility	14.51	—	—
Sortino ratio: Return per unit of downside risk	5.24	—	—
Omega ratio: Gain probability vs. loss probability	1.72	—	—
Calmar ratio: Return relative to maximum drawdown	34.61	—	—
Martin ratio: Return relative to average drawdown	116.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SOXU.TO	TCND.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	13.84	3.00	+10.84

Drawdowns

SOXU.TO vs. TCND.TO - Drawdown Comparison

The maximum SOXU.TO drawdown since its inception was -42.78%, 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 SOXU.TO and TCND.TO.

Drawdown Indicators

	SOXU.TO	TCND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.78%	-22.06%	-20.72%
Max Drawdown (1Y) Largest decline over 1 year	-42.78%	—	—
Current Drawdown Current decline from peak	-6.24%	0.00%	-6.24%
Average Drawdown Average peak-to-trough decline	-8.27%	-3.56%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.70%	—	—

Volatility

Volatility by Period

	SOXU.TO	TCND.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	81.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	102.09%	36.29%	+65.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.29%	36.29%	+65.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.29%	36.29%	+65.00%

Dividends

SOXU.TO vs. TCND.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

SOXU.TO and TCND.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SOXU.TO and TCND.TO?

SOXU.TO tracks Solactive US Semiconductor 30 Capped Index, while TCND.TO tracks S&P/TSX 60 Index. They also come from different issuers: LongPoint and Global X.