SPXU.TO vs. CFOU.TO
SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both Leveraged Equities funds from Global X. SPXU.TO is actively managed, while CFOU.TO is passively managed. Over the past 10 years, SPXU.TO returned 29.91%/yr vs 25.96%/yr for CFOU.TO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
SPXU.TO vs. CFOU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SPXU.TO achieves a 15.21% return, which is significantly lower than CFOU.TO's 45.79% return. Over the past 10 years, SPXU.TO has outperformed CFOU.TO with an annualized return of 29.91%, while CFOU.TO has yielded a comparatively lower 25.96% annualized return.
SPXU.TO
- 1D
- 1.52%
- 1M
- -2.98%
- YTD
- 15.21%
- 6M
- 13.36%
- 1Y
- 34.85%
- 3Y*
- 30.13%
- 5Y*
- 15.50%
- 10Y*
- 29.91%
CFOU.TO
- 1D
- 1.27%
- 1M
- 17.94%
- YTD
- 45.79%
- 6M
- 44.55%
- 1Y
- 110.68%
- 3Y*
- 64.23%
- 5Y*
- 33.23%
- 10Y*
- 25.96%
SPXU.TO vs. CFOU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXU.TO BetaPro S&P 500 2x Daily Bull ETF | 15.21% | 22.49% | 40.87% | 43.60% | -40.81% | 57.51% | 134.75% | 61.37% | -16.43% | 42.05% |
CFOU.TO BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF | 45.79% | 69.17% | 56.15% | 18.37% | -23.64% | 79.61% | -14.72% | 40.48% | -21.69% | 22.51% |
Correlation
The correlation between SPXU.TO and CFOU.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2008 | 0.64 |
The correlation between SPXU.TO and CFOU.TO has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
SPXU.TO vs. CFOU.TO — Risk / Return Rank
SPXU.TO
CFOU.TO
SPXU.TO vs. CFOU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) and BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.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.
| SPXU.TO | CFOU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.67 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 6.92 | -5.05 |
| Martin ratioReturn relative to average drawdown | 7.68 | 28.32 | -20.64 |
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Drawdowns
SPXU.TO vs. CFOU.TO - Drawdown Comparison
The maximum SPXU.TO drawdown since its inception was -59.70%, smaller than the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and CFOU.TO.
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Drawdown Indicators
| SPXU.TO | CFOU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -86.23% | +26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -16.08% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -35.54% | -24.95% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | -45.23% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -59.70% | -67.30% | +7.60% |
Current DrawdownCurrent decline from peak | -3.68% | 0.00% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -22.36% | +12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 3.92% | +0.63% |
Volatility
SPXU.TO vs. CFOU.TO - Volatility Comparison
BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) has a higher volatility of 10.15% compared to BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) at 5.92%. This indicates that SPXU.TO's price experiences larger fluctuations and is considered to be riskier than CFOU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXU.TO | CFOU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 5.92% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 21.03% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 24.99% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.77% | 27.61% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.76% | 33.76% | +14.00% |
Dividends
SPXU.TO vs. CFOU.TO - Dividend Comparison
Neither SPXU.TO nor CFOU.TO has paid dividends to shareholders.
Frequently Asked Questions
SPXU.TO and CFOU.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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