TQQQ.TO vs. CFOU.TO
TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while CFOU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Financials Index. Both are passively managed. Over the past year, TQQQ.TO returned 93.21% vs 116.89% for CFOU.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
TQQQ.TO vs. CFOU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly lower than CFOU.TO's 43.47% return.
TQQQ.TO
- 1D
- -10.09%
- 1M
- -4.73%
- YTD
- 38.31%
- 6M
- 32.51%
- 1Y
- 93.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CFOU.TO
- 1D
- 0.72%
- 1M
- 14.74%
- YTD
- 43.47%
- 6M
- 42.96%
- 1Y
- 116.89%
- 3Y*
- 67.86%
- 5Y*
- 32.56%
- 10Y*
- 25.68%
TQQQ.TO vs. CFOU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 38.31% | 38.56% |
CFOU.TO BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF | 43.47% | 53.56% |
Correlation
The correlation between TQQQ.TO and CFOU.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.52 |
The correlation between TQQQ.TO and CFOU.TO has been stable across timeframes, ranging from 0.51 to 0.52 - a consistent structural relationship.
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Return for Risk
TQQQ.TO vs. CFOU.TO — Risk / Return Rank
TQQQ.TO
CFOU.TO
TQQQ.TO vs. CFOU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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.
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.
| TQQQ.TO | CFOU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.70 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 7.31 | -4.85 |
| Martin ratioReturn relative to average drawdown | 7.67 | 29.91 | -22.24 |
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Drawdowns
TQQQ.TO vs. CFOU.TO - Drawdown Comparison
The maximum TQQQ.TO drawdown since its inception was -38.15%, smaller than the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and CFOU.TO.
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Drawdown Indicators
| TQQQ.TO | CFOU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -86.23% | +48.08% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -16.08% | -22.07% |
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 | — | -67.30% | — |
Current DrawdownCurrent decline from peak | -14.99% | 0.00% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -22.38% | +13.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 3.92% | +8.28% |
Volatility
TQQQ.TO vs. CFOU.TO - Volatility Comparison
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a higher volatility of 27.08% compared to BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) at 7.12%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than CFOU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ.TO | CFOU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.08% | 7.12% | +19.96% |
Volatility (6M)Calculated over the trailing 6-month period | 43.38% | 20.96% | +22.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 25.07% | +28.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.03% | 27.61% | +25.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.03% | 33.82% | +19.21% |
Dividends
TQQQ.TO vs. CFOU.TO - Dividend Comparison
Neither TQQQ.TO nor CFOU.TO has paid dividends to shareholders.
Frequently Asked Questions
TQQQ.TO and CFOU.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ.TO is categorized as Nasdaq-100, while CFOU.TO is Leveraged Equities. TQQQ.TO tracks Nasdaq-100 Index, while CFOU.TO tracks S&P/TSX Capped Financials Index.
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