TCND.TO vs. SOXU.TO

Last updated Jun 24, 2026

TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) and SOXU.TO (MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF) are both Leveraged Equities funds - TCND.TO tracks the S&P/TSX 60 Index while SOXU.TO tracks the Solactive US Semiconductor 30 Capped Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent.

Performance

TCND.TO vs. SOXU.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 MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.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 27.77% return, which is significantly lower than SOXU.TO's 432.65% return.

TCND.TO

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

SOXU.TO

• 1D: -23.66%
• 1M: 23.15%
• YTD: 432.65%
• 6M: 428.86%
• 1Y: 941.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	27.77%	41.09%
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF	432.65%	63.02%

Correlation

The correlation between TCND.TO and SOXU.TO is 0.43, 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 Aug 12, 2025	0.43

Return for Risk

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

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

TCND.TO

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

SOXU.TO

SOXU.TO Risk / Return Rank: 96
SOXU.TO Sharpe Ratio Rank: 99
SOXU.TO Sortino Ratio Rank: 92
SOXU.TO Omega Ratio Rank: 92
SOXU.TO Calmar Ratio Rank: 99
SOXU.TO Martin Ratio Rank: 98

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. SOXU.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 MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.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.

	TCND.TO	SOXU.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	8.16	—
Sortino ratio: Return per unit of downside risk	—	4.00	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	22.23	—
Martin ratio: Return relative to average drawdown	—	70.13	—

Drawdowns

TCND.TO vs. SOXU.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, smaller than the maximum SOXU.TO drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for TCND.TO and SOXU.TO.

Drawdown Indicators

	TCND.TO	SOXU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-42.78%	+20.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.78%	—
Current Drawdown Current decline from peak	-2.39%	-23.66%	+21.27%
Average Drawdown Average peak-to-trough decline	-3.51%	-8.66%	+5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.53%	—

Volatility

Volatility by Period

	TCND.TO	SOXU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	67.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.14%	116.54%	-80.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.14%	114.47%	-78.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.14%	114.47%	-78.33%

Dividends

TCND.TO vs. SOXU.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

TCND.TO and SOXU.TO have a correlation of 0.43, 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 SOXU.TO?

TCND.TO tracks S&P/TSX 60 Index, while SOXU.TO tracks Solactive US Semiconductor 30 Capped Index. They also come from different issuers: Global X and LongPoint.