TCND.TO vs. METE.TO

Last updated Jun 24, 2026

TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) and METE.TO (Harvest Meta Enhanced High Income Shares ETF - Class A Units) are both exchange-traded funds - TCND.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index, while METE.TO is a Derivative Income fund actively managed by Harvest Portfolios Group. TCND.TO is passively managed, while METE.TO is actively managed. At a 0.34 correlation, their price movements are largely independent.

Performance

TCND.TO vs. METE.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 Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TCND.TO

• 1D: 0.80%
• 1M: 5.17%
• YTD: 27.77%
• 6M: 26.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

METE.TO

• 1D: 0.00%
• 1M: -5.81%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	17.39%
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	-5.28%

Correlation

The correlation between TCND.TO and METE.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.34

Return for Risk

TCND.TO vs. METE.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 Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.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.

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

Drawdowns

TCND.TO vs. METE.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, smaller than the maximum METE.TO drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for TCND.TO and METE.TO.

Drawdown Indicators

	TCND.TO	METE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-28.37%	+6.31%
Current Drawdown Current decline from peak	-2.39%	-20.67%	+18.28%
Average Drawdown Average peak-to-trough decline	-3.51%	-12.72%	+9.21%

Volatility

Volatility by Period

	TCND.TO	METE.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	36.14%	44.60%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.14%	44.60%	-8.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.14%	44.60%	-8.46%

Dividends

TCND.TO vs. METE.TO - Dividend Comparison

TCND.TO has not paid dividends to shareholders, while METE.TO's dividend yield for the trailing twelve months is around 11.07%.

Position	TTM
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units	11.07%
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	0.00%

Frequently Asked Questions

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

TCND.TO and METE.TO have a correlation of 0.34, 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 METE.TO?

TCND.TO is categorized as Leveraged Equities, while METE.TO is Derivative Income. They also come from different issuers: Global X and Harvest Portfolios Group.