TCND.TO vs. CFOU.TO

Last updated Jun 3, 2026

TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both Leveraged Equities funds from Global X - TCND.TO tracks the S&P/TSX 60 Index while CFOU.TO tracks the S&P/TSX Capped Financials Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

TCND.TO vs. CFOU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO) and BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCND.TO achieves a 26.62% return, which is significantly higher than CFOU.TO's 24.98% return.

TCND.TO

• 1D: 3.92%
• 1M: 9.91%
• YTD: 26.62%
• 6M: 36.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CFOU.TO

• 1D: 3.31%
• 1M: 8.97%
• YTD: 24.98%
• 6M: 36.31%
• 1Y: 92.42%
• 3Y*: 57.98%
• 5Y*: 28.78%
• 10Y*: 23.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCND.TO vs. CFOU.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	26.62%	41.62%
CFOU.TO BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF	24.98%	39.42%

Correlation

The correlation between TCND.TO and CFOU.TO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.70

Return for Risk

TCND.TO vs. CFOU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFOU.TO

CFOU.TO Risk / Return Rank: 92
CFOU.TO Sharpe Ratio Rank: 94
CFOU.TO Sortino Ratio Rank: 92
CFOU.TO Omega Ratio Rank: 90
CFOU.TO Calmar Ratio Rank: 91
CFOU.TO Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCND.TO vs. CFOU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TCND.TO	CFOU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.98	0.34	+2.64

Drawdowns

TCND.TO vs. CFOU.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, smaller than the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for TCND.TO and CFOU.TO.

Drawdown Indicators

	TCND.TO	CFOU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-86.23%	+64.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.29%	—
Current Drawdown Current decline from peak	0.00%	-1.85%	+1.85%
Average Drawdown Average peak-to-trough decline	-3.58%	-22.47%	+18.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.92%	—

Volatility

Volatility by Period

	TCND.TO	CFOU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.11%	24.64%	+11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.11%	27.56%	+8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.11%	33.85%	+2.26%

Dividends

TCND.TO vs. CFOU.TO - Dividend Comparison

Neither TCND.TO nor CFOU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TCND.TO and CFOU.TO in my portfolio?

TCND.TO and CFOU.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TCND.TO and CFOU.TO?

TCND.TO tracks S&P/TSX 60 Index, while CFOU.TO tracks S&P/TSX Capped Financials Index.