SPXU.TO vs. NRGU.TO
SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) are both Leveraged Equities funds from Global X. Both are actively managed. Over the past 10 years, SPXU.TO returned 29.91%/yr vs 3.88%/yr for NRGU.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
SPXU.TO vs. NRGU.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 NRGU.TO's 48.99% return. Over the past 10 years, SPXU.TO has outperformed NRGU.TO with an annualized return of 29.91%, while NRGU.TO has yielded a comparatively lower 3.88% 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%
NRGU.TO
- 1D
- -0.51%
- 1M
- -15.98%
- YTD
- 48.99%
- 6M
- 47.81%
- 1Y
- 91.01%
- 3Y*
- 33.54%
- 5Y*
- 39.04%
- 10Y*
- 3.88%
SPXU.TO vs. NRGU.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% |
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF | 48.99% | 21.43% | 16.67% | -5.38% | 96.21% | 201.95% | -76.24% | 9.01% | -51.57% | -25.98% |
Correlation
The correlation between SPXU.TO and NRGU.TO is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2008 | 0.46 |
The correlation between SPXU.TO and NRGU.TO shifts across timeframes, from -0.10 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPXU.TO vs. NRGU.TO — Risk / Return Rank
SPXU.TO
NRGU.TO
SPXU.TO vs. NRGU.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 Energy 2x Daily Bull ETF (NRGU.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 | NRGU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.89 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.68 | 9.72 | -2.04 |
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Drawdowns
SPXU.TO vs. NRGU.TO - Drawdown Comparison
The maximum SPXU.TO drawdown since its inception was -59.70%, smaller than the maximum NRGU.TO drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and NRGU.TO.
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Drawdown Indicators
| SPXU.TO | NRGU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -99.71% | +40.01% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -31.71% | +12.98% |
Max Drawdown (3Y)Largest decline over 3 years | -35.54% | -51.12% | +15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | -52.50% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -59.70% | -97.54% | +37.84% |
Current DrawdownCurrent decline from peak | -3.68% | -87.78% | +84.10% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -83.54% | +73.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 9.40% | -4.85% |
Volatility
SPXU.TO vs. NRGU.TO - Volatility Comparison
The current volatility for BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) is 10.15%, while BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) has a volatility of 16.68%. This indicates that SPXU.TO experiences smaller price fluctuations and is considered to be less risky than NRGU.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 | NRGU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 16.68% | -6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 40.33% | -20.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 47.14% | -22.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.77% | 57.20% | -23.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.76% | 66.50% | -18.74% |
Dividends
SPXU.TO vs. NRGU.TO - Dividend Comparison
Neither SPXU.TO nor NRGU.TO has paid dividends to shareholders.
Frequently Asked Questions
SPXU.TO and NRGU.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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