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VSP.TO vs. HIU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VSP.TO vs. HIU.TO

Last updated Jun 5, 2026

VSP.TO (Vanguard S&P 500 CAD-hedged ETF) and HIU.TO (BetaPro S&P 500 Daily Inverse ETF) are both exchange-traded funds - VSP.TO is a S&P 500 fund tracking the S&P 500 Index, while HIU.TO is a Inverse Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VSP.TO returned 13.86%/yr vs -13.80%/yr for HIU.TO. At a correlation of -0.90, they often move in opposite directions. VSP.TO charges 0.09%/yr vs 1.75%/yr for HIU.TO.

Performance

VSP.TO vs. HIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and BetaPro S&P 500 Daily Inverse ETF (HIU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VSP.TO achieves a 10.06% return, which is significantly higher than HIU.TO's -9.05% return. Over the past 10 years, VSP.TO has outperformed HIU.TO with an annualized return of 13.86%, while HIU.TO has yielded a comparatively lower -13.80% annualized return.

VSP.TO

1D
0.38%
1M
4.56%
YTD
10.06%
6M
9.82%
1Y
25.58%
3Y*
20.52%
5Y*
12.28%
10Y*
13.86%

HIU.TO

1D
0.58%
1M
-3.89%
YTD
-9.05%
6M
-8.86%
1Y
-19.55%
3Y*
-14.75%
5Y*
-10.25%
10Y*
-13.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VSP.TO vs. HIU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VSP.TO
Vanguard S&P 500 CAD-hedged ETF		10.06%15.49%23.68%24.16%-19.24%27.90%15.32%30.18%-6.75%21.05%
HIU.TO
BetaPro S&P 500 Daily Inverse ETF		-9.05%-13.79%-14.77%-15.60%19.13%-24.53%-24.80%-23.55%4.26%-18.72%

Correlation

The correlation between VSP.TO and HIU.TO is -0.98, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.98

Correlation (3Y)
Calculated over the trailing 3-year period

-0.95

Correlation (5Y)
Calculated over the trailing 5-year period

-0.96

Correlation (10Y)
Calculated over the trailing 10-year period

-0.93

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2012

-0.90

The correlation between VSP.TO and HIU.TO has been stable across timeframes, ranging from -0.98 to -0.90 - a consistent structural relationship.

VSP.TO vs. HIU.TO - Sectors Allocation Comparison

Sectors
VSP.TO
HIU.TO

Technology

35.7%
33.7%

Financial Services

11.6%
13.2%

Communication Services

11.3%
9.4%

Consumer Cyclical

10.2%
11.4%

Healthcare

8.5%
10.1%

Industrials

8.3%
7.3%

Consumer Defensive

4.9%
5.5%

Energy

3.5%
3.2%

Utilities

2.4%
2.5%

Real Estate

1.9%
2.1%

Basic Materials

1.8%
1.7%

Technology

VSP.TO
35.7%
HIU.TO
33.7%

Financial Services

VSP.TO
11.6%
HIU.TO
13.2%

Communication Services

VSP.TO
11.3%
HIU.TO
9.4%

Consumer Cyclical

VSP.TO
10.2%
HIU.TO
11.4%

Healthcare

VSP.TO
8.5%
HIU.TO
10.1%

Industrials

VSP.TO
8.3%
HIU.TO
7.3%

Consumer Defensive

VSP.TO
4.9%
HIU.TO
5.5%

Energy

VSP.TO
3.5%
HIU.TO
3.2%

Utilities

VSP.TO
2.4%
HIU.TO
2.5%

Real Estate

VSP.TO
1.9%
HIU.TO
2.1%

Basic Materials

VSP.TO
1.8%
HIU.TO
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 CAD-hedged ETF

BetaPro S&P 500 Daily Inverse ETF

Often compared with VSP.TO:
VSP.TO vs. VFV.TOVSP.TO vs. XSP.TOVSP.TO vs. ZSP.TOVSP.TO vs. VOOVSP.TO vs. SPYVSP.TO vs. VTIVSP.TO vs. QQQ
Often compared with HIU.TO:
HIU.TO vs. ESG.TOHIU.TO vs. HXS.TOHIU.TO vs. EQLI.TOHIU.TO vs. VFV.TOHIU.TO vs. XSP.TOHIU.TO vs. HDIV.TOHIU.TO vs. ZSP-U.TO

Return for Risk

VSP.TO vs. HIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VSP.TO
VSP.TO Risk / Return Rank: 6363
Overall Rank
VSP.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
VSP.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
VSP.TO Omega Ratio Rank: 6464
Omega Ratio Rank
VSP.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
VSP.TO Martin Ratio Rank: 6969
Martin Ratio Rank
HIU.TO
HIU.TO Risk / Return Rank: 00
Overall Rank
HIU.TO Sharpe Ratio Rank: 00
Sharpe Ratio Rank
HIU.TO Sortino Ratio Rank: 00
Sortino Ratio Rank
HIU.TO Omega Ratio Rank: 00
Omega Ratio Rank
HIU.TO Calmar Ratio Rank: 11
Calmar Ratio Rank
HIU.TO Martin Ratio Rank: 00
Martin Ratio Rank
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.

VSP.TO vs. HIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and BetaPro S&P 500 Daily Inverse ETF (HIU.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.

VSP.TOHIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
-1.62

+3.69

Sortino ratioReturn per unit of downside risk
2.88
-2.31

+5.20

Omega ratioGain probability vs. loss probability

1.38

0.75

+0.63

Calmar ratioReturn relative to maximum drawdown

2.73

-0.95

+3.68

Martin ratioReturn relative to average drawdown

12.47

-1.71

+14.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSP.TO vs. HIU.TO - Sharpe Ratio Comparison

The current VSP.TO Sharpe Ratio is 2.08, which is higher than the HIU.TO Sharpe Ratio of -1.62. The chart below compares the historical Sharpe Ratios of VSP.TO and HIU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VSP.TOHIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

-1.62

+3.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

-0.61

+1.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

-0.76

+1.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

-0.80

+1.64

Drawdowns

VSP.TO vs. HIU.TO - Drawdown Comparison

The maximum VSP.TO drawdown since its inception was -35.55%, smaller than the maximum HIU.TO drawdown of -92.05%. Use the drawdown chart below to compare losses from any high point for VSP.TO and HIU.TO.

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Drawdown Indicators

VSP.TOHIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.55%

-92.05%

+56.50%

Max Drawdown (1Y)

Largest decline over 1 year

-9.40%

-20.61%

+11.21%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-42.15%

+23.30%

Max Drawdown (5Y)

Largest decline over 5 years

-25.54%

-47.75%

+22.21%

Max Drawdown (10Y)

Largest decline over 10 years

-35.55%

-78.55%

+43.00%

Current Drawdown

Current decline from peak

-1.67%

-92.00%

+90.33%

Average Drawdown

Average peak-to-trough decline

-4.00%

-66.36%

+62.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

11.40%

-9.34%

Volatility

VSP.TO vs. HIU.TO - Volatility Comparison

Vanguard S&P 500 CAD-hedged ETF (VSP.TO) has a higher volatility of 4.97% compared to BetaPro S&P 500 Daily Inverse ETF (HIU.TO) at 2.98%. This indicates that VSP.TO's price experiences larger fluctuations and is considered to be riskier than HIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VSP.TOHIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

2.98%

+1.99%

Volatility (6M)

Calculated over the trailing 6-month period

9.80%

9.05%

+0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

12.10%

+0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.90%

16.94%

-0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

18.15%

-0.13%

VSP.TO vs. HIU.TO - Expense Ratio Comparison

VSP.TO has a 0.09% expense ratio, which is lower than HIU.TO's 1.75% expense ratio.

Dividends

VSP.TO vs. HIU.TO - Dividend Comparison

VSP.TO's dividend yield for the trailing twelve months is around 0.84%, while HIU.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HIU.TO
BetaPro S&P 500 Daily Inverse ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VSP.TO
Vanguard S&P 500 CAD-hedged ETF		0.84%0.92%1.07%1.17%1.37%1.07%1.27%1.52%1.76%1.46%1.69%1.75%

Frequently Asked Questions

VSP.TO and HIU.TO have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VSP.TO is cheaper with a 0.09% expense ratio, compared with 1.75% for HIU.TO.

VSP.TO is categorized as S&P 500, while HIU.TO is Inverse Equities. Both ETFs track S&P 500 Index. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.09% for VSP.TO and 1.75% for HIU.TO.

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