SPXU.TO vs. HBNK.TO
SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - SPXU.TO is a Leveraged Equities fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. SPXU.TO is actively managed, while HBNK.TO is passively managed. Over the past year, SPXU.TO returned 34.85% vs 70.95% for HBNK.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
SPXU.TO vs. HBNK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPXU.TO achieves a 15.21% return, which is significantly lower than HBNK.TO's 31.79% 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%
HBNK.TO
- 1D
- 0.49%
- 1M
- 10.91%
- YTD
- 31.79%
- 6M
- 31.23%
- 1Y
- 70.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXU.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPXU.TO BetaPro S&P 500 2x Daily Bull ETF | 15.21% | 22.49% | 40.87% | 12.92% |
HBNK.TO Global X Equal Weight Banks Index ETF | 31.79% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between SPXU.TO and HBNK.TO is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.54 |
The correlation between SPXU.TO and HBNK.TO has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPXU.TO vs. HBNK.TO — Risk / Return Rank
SPXU.TO
HBNK.TO
SPXU.TO vs. HBNK.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 Global X Equal Weight Banks Index ETF (HBNK.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 | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.10 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 2.00 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 8.41 | -6.54 |
| Martin ratioReturn relative to average drawdown | 7.68 | 36.58 | -28.91 |
Loading charts...
Drawdowns
SPXU.TO vs. HBNK.TO - Drawdown Comparison
The maximum SPXU.TO drawdown since its inception was -59.70%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and HBNK.TO.
Loading charts...
Drawdown Indicators
| SPXU.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -14.78% | -44.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -8.48% | -10.25% |
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 | -3.68% | 0.00% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -2.27% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 1.95% | +2.60% |
Volatility
SPXU.TO vs. HBNK.TO - Volatility Comparison
BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) has a higher volatility of 10.15% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 3.52%. This indicates that SPXU.TO's price experiences larger fluctuations and is considered to be riskier than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPXU.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 3.52% | +6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 11.29% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 12.96% | +11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.77% | 12.69% | +21.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.76% | 12.69% | +35.07% |
Dividends
SPXU.TO vs. HBNK.TO - Dividend Comparison
SPXU.TO has not paid dividends to shareholders, while HBNK.TO's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.35% | 3.24% | 4.15% | 2.45% |
SPXU.TO BetaPro S&P 500 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPXU.TO and HBNK.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXU.TO is categorized as Leveraged Equities, while HBNK.TO is Financials Equities.
Find the right allocation for SPXU.TO and HBNK.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer