SPXU.TO vs. ENBE.TO
SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and ENBE.TO (Harvest Enbridge Enhanced High Income Shares ETF) are both exchange-traded funds - SPXU.TO is a Leveraged Equities fund tracking the S&P 500 Index (Total Return), while ENBE.TO is a Derivative Income fund actively managed by Harvest. SPXU.TO is passively managed, while ENBE.TO is actively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. SPXU.TO charges 1.44%/yr vs 0.40%/yr for ENBE.TO.
Performance
SPXU.TO vs. ENBE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SPXU.TO achieves a 14.19% return, which is significantly lower than ENBE.TO's 20.40% return.
SPXU.TO
- 1D
- 1.27%
- 1M
- -1.92%
- 6M
- 10.59%
- YTD
- 14.19%
- 1Y
- 33.36%
- 3Y*
- 27.58%
- 5Y*
- 14.33%
- 10Y*
- 29.05%
- ALL TIME*
- 26.42%
ENBE.TO
- 1D
- -1.28%
- 1M
- -0.09%
- 6M
- 19.49%
- YTD
- 20.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$135.31K | CA$104.69K | CA$69.67K | |
| CA$5.20M | CA$5.09M | CA$7.76M |
SPXU.TO vs. ENBE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPXU.TO BetaPro S&P 500 2x Daily Bull ETF | 14.19% | 11.40% |
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 20.40% | -0.98% |
Correlation
The correlation between SPXU.TO and ENBE.TO is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | -0.18 |
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Return for Risk
SPXU.TO vs. ENBE.TO — Risk / Return Rank
SPXU.TO
ENBE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPXU.TO vs. ENBE.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 Harvest Enbridge Enhanced High Income Shares ETF (ENBE.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 | ENBE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | — | — |
| Martin ratioReturn relative to average drawdown | 6.10 | — | — |
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Drawdowns
SPXU.TO vs. ENBE.TO - Drawdown Comparison
The maximum SPXU.TO drawdown since its inception was -59.70%, which is greater than ENBE.TO's maximum drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and ENBE.TO.
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Drawdown Indicators
| SPXU.TO | ENBE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -11.28% | -48.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -35.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.70% | — | — |
Current DrawdownCurrent decline from peak | -4.53% | -5.26% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -3.14% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | — | — |
Volatility
SPXU.TO vs. ENBE.TO - Volatility Comparison
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Volatility by Period
| SPXU.TO | ENBE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.38% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.64% | 18.34% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.74% | 18.34% | +15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.77% | 18.34% | +29.43% |
SPXU.TO vs. ENBE.TO - Expense Ratio Comparison
SPXU.TO has a 1.44% expense ratio, which is higher than ENBE.TO's 0.40% expense ratio.
Dividends
SPXU.TO vs. ENBE.TO - Dividend Comparison
SPXU.TO has not paid dividends to shareholders, while ENBE.TO's dividend yield for the trailing twelve months is around 10.95%.
| Position | TTM | 2025 |
|---|---|---|
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 10.95% | 4.47% |
SPXU.TO BetaPro S&P 500 2x Daily Bull ETF | 0.00% | 0.00% |
Frequently Asked Questions
SPXU.TO and ENBE.TO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENBE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENBE.TO is cheaper with a 0.40% expense ratio, compared with 1.44% for SPXU.TO.
SPXU.TO is categorized as Leveraged Equities, while ENBE.TO is Derivative Income. They also come from different issuers: Global X and Harvest. Their fees differ too: 1.44% for SPXU.TO and 0.40% for ENBE.TO.
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