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SPXU.TO vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPXU.TO vs. HXQ.TO

Last updated Aug 4, 2026
Documentation

SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - SPXU.TO is a Leveraged Equities fund tracking the S&P 500 Index (Total Return), while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SPXU.TO returned 29.05%/yr vs 21.14%/yr for HXQ.TO. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SPXU.TO charges 1.44%/yr vs 0.25%/yr for HXQ.TO.

Performance

SPXU.TO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with SPXU.TO having a 14.19% return and HXQ.TO slightly higher at 14.56%. Over the past 10 years, SPXU.TO has outperformed HXQ.TO with an annualized return of 29.05%, while HXQ.TO has yielded a comparatively lower 21.14% annualized 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%

HXQ.TO

1D
0.69%
1M
-5.98%
6M
12.81%
YTD
14.56%
1Y
26.47%
3Y*
24.20%
5Y*
16.73%
10Y*
21.14%
ALL TIME*
21.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HXQ.TO

Global X Nasdaq-100 Index Corporate Class ETF
CA$2.97MCA$3.02MCA$3.91M

SPXU.TO

BetaPro S&P 500 2x Daily Bull ETF
CA$5.20MCA$5.09MCA$7.76M

SPXU.TO vs. HXQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPXU.TO
BetaPro S&P 500 2x Daily Bull ETF		14.19%22.49%40.87%43.60%-40.81%57.51%134.75%61.37%-16.43%42.05%
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF		14.56%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%

Correlation

The correlation between SPXU.TO and HXQ.TO is 0.88, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.88

Correlation (3Y)
Balances recent behavior with more history.

0.85

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (10Y)
Provides a long-term view across more market conditions.

0.76

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.75

The correlation between SPXU.TO and HXQ.TO shifts across timeframes, from 0.75 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.

SPXU.TO vs. HXQ.TO - Sectors Allocation Comparison

Sectors
SPXU.TO
HXQ.TO

Technology

38.5%
55.9%

Financial Services

11.6%
0.3%

Communication Services

9.9%
15.8%

Consumer Cyclical

9.5%
13.2%

Healthcare

8.9%
4.4%

Industrials

8.4%
3.1%

Consumer Defensive

4.5%
4.4%

Energy

3.0%
0.5%

Utilities

2.2%
1.4%

Real Estate

1.8%
0.2%

Basic Materials

1.7%
1.0%

Technology

SPXU.TO
38.5%
HXQ.TO
55.9%

Financial Services

SPXU.TO
11.6%
HXQ.TO
0.3%

Communication Services

SPXU.TO
9.9%
HXQ.TO
15.8%

Consumer Cyclical

SPXU.TO
9.5%
HXQ.TO
13.2%

Healthcare

SPXU.TO
8.9%
HXQ.TO
4.4%

Industrials

SPXU.TO
8.4%
HXQ.TO
3.1%

Consumer Defensive

SPXU.TO
4.5%
HXQ.TO
4.4%

Energy

SPXU.TO
3.0%
HXQ.TO
0.5%

Utilities

SPXU.TO
2.2%
HXQ.TO
1.4%

Real Estate

SPXU.TO
1.8%
HXQ.TO
0.2%

Basic Materials

SPXU.TO
1.7%
HXQ.TO
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaPro S&P 500 2x Daily Bull ETF

Global X Nasdaq-100 Index Corporate Class ETF

Often compared with SPXU.TO:
SPXU.TO vs. NRGU.TOSPXU.TO vs. ZSP-U.TOSPXU.TO vs. CFOU.TOSPXU.TO vs. USSL.TOSPXU.TO vs. SOXU.TOSPXU.TO vs. ZSP.TOSPXU.TO vs. TQQQ.TO
Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

SPXU.TO vs. HXQ.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SPXU.TO
SPXU.TO Risk / Return Rank: 4141
Overall Rank
SPXU.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
SPXU.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
SPXU.TO Omega Ratio Rank: 3939
Omega Ratio Rank
SPXU.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
SPXU.TO Martin Ratio Rank: 4848
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 4949
Overall Rank
HXQ.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 4949
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 4848
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPXU.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.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.TOHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.13
1.25

-0.12

Sortino ratioReturn per unit of downside risk
1.61
1.75

-0.14

Omega ratioGain probability vs. loss probability

1.20

1.23

-0.02

Calmar ratioReturn relative to maximum drawdown

1.54

1.90

-0.36

Martin ratioReturn relative to average drawdown

6.10

5.49

+0.60

SPXU.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current SPXU.TO Sharpe Ratio is 1.13, which is comparable to the HXQ.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SPXU.TO and HXQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPXU.TO vs. HXQ.TO - Drawdown Comparison

The maximum SPXU.TO drawdown since its inception was -59.70%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and HXQ.TO.

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Drawdown Indicators

SPXU.TOHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-59.70%

-31.60%

-28.10%

Max Drawdown (1Y)

Largest decline over 1 year

-18.73%

-12.43%

-6.30%

Max Drawdown (3Y)

Largest decline over 3 years

-35.54%

-22.58%

-12.96%

Max Drawdown (5Y)

Largest decline over 5 years

-47.90%

-31.60%

-16.30%

Max Drawdown (10Y)

Largest decline over 10 years

-59.70%

-31.60%

-28.10%

Current Drawdown

Current decline from peak

-4.53%

-7.80%

+3.27%

Average Drawdown

Average peak-to-trough decline

-9.70%

-5.72%

-3.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.73%

4.30%

+0.43%

Volatility

SPXU.TO vs. HXQ.TO - Volatility Comparison

BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) have volatilities of 6.96% and 6.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPXU.TOHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

6.71%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

20.38%

15.67%

+4.71%

Volatility (1Y)

Calculated over the trailing 1-year period

25.64%

18.98%

+6.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.74%

21.29%

+12.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.77%

21.07%

+26.70%

SPXU.TO vs. HXQ.TO - Expense Ratio Comparison

SPXU.TO has a 1.44% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

SPXU.TO vs. HXQ.TO - Dividend Comparison

Neither SPXU.TO nor HXQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SPXU.TO and HXQ.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 1.44% for SPXU.TO.

SPXU.TO is categorized as Leveraged Equities, while HXQ.TO is Nasdaq-100. SPXU.TO tracks S&P 500 Index (Total Return), while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 1.44% for SPXU.TO and 0.25% for HXQ.TO.

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