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XEG.TO vs. CFOU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEG.TO vs. CFOU.TO

Last updated Jul 14, 2026
Documentation

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while CFOU.TO is a Leveraged Equities fund tracking the S&P/TSX Capped Financials Index. Both are passively managed. Over the past 10 years, XEG.TO returned 11.01%/yr vs 25.52%/yr for CFOU.TO. At a 0.45 correlation, their price movements are largely independent. XEG.TO charges 0.60%/yr vs 1.52%/yr for CFOU.TO.

Performance

XEG.TO vs. CFOU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Energy Index ETF (XEG.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.

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Returns By Period

In the year-to-date period, XEG.TO achieves a 36.97% return, which is significantly lower than CFOU.TO's 49.68% return. Over the past 10 years, XEG.TO has underperformed CFOU.TO with an annualized return of 11.01%, while CFOU.TO has yielded a comparatively higher 25.52% annualized return.

XEG.TO

1D
3.17%
1M
-1.12%
6M
36.90%
YTD
36.97%
1Y
53.60%
3Y*
25.33%
5Y*
29.44%
10Y*
11.01%

CFOU.TO

1D
-0.55%
1M
10.36%
6M
44.86%
YTD
49.68%
1Y
114.05%
3Y*
64.59%
5Y*
33.79%
10Y*
25.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		36.97%16.72%14.04%3.55%53.25%83.71%-34.44%9.04%-27.05%-11.17%
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF		49.68%69.17%56.15%18.37%-23.64%79.61%-14.72%40.48%-21.69%22.51%

Correlation

The correlation between XEG.TO and CFOU.TO is -0.16, 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

-0.16

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

0.11

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

0.27

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

0.37

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2007

0.45

The correlation between XEG.TO and CFOU.TO shifts across timeframes, from -0.16 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

XEG.TO vs. CFOU.TO - Sectors Allocation Comparison

Sectors
XEG.TO
CFOU.TO

Energy

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

100.0%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

XEG.TO
100.0%
CFOU.TO

-

Basic Materials

XEG.TO

-

CFOU.TO

-

Communication Services

XEG.TO

-

CFOU.TO

-

Consumer Cyclical

XEG.TO

-

CFOU.TO

-

Consumer Defensive

XEG.TO

-

CFOU.TO

-

Financial Services

XEG.TO

-

CFOU.TO
100.0%

Healthcare

XEG.TO

-

CFOU.TO

-

Industrials

XEG.TO

-

CFOU.TO

-

Real Estate

XEG.TO

-

CFOU.TO

-

Technology

XEG.TO

-

CFOU.TO

-

Utilities

XEG.TO

-

CFOU.TO

-

Compare stocks, funds, or ETFs

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

iShares S&P/TSX Capped Energy Index ETF

BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF

Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. ZEO.TOXEG.TO vs. HXE.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO
Often compared with CFOU.TO:
CFOU.TO vs. METE.TOCFOU.TO vs. TCND.TOCFOU.TO vs. ESGC.TOCFOU.TO vs. CACE.TOCFOU.TO vs. HCAL.TOCFOU.TO vs. RBNK.TOCFOU.TO vs. HBNK.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEG.TO
XEG.TO Risk / Return Rank: 7979
Overall Rank
XEG.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 7171
Martin Ratio Rank
CFOU.TO
CFOU.TO Risk / Return Rank: 9797
Overall Rank
CFOU.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CFOU.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
CFOU.TO Omega Ratio Rank: 9696
Omega Ratio Rank
CFOU.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
CFOU.TO Martin Ratio Rank: 9696
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.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.

XEG.TOCFOU.TODifference
Sharpe ratioReturn per unit of total volatility
2.25
4.51

-2.26

Sortino ratioReturn per unit of downside risk
2.78
5.10

-2.33

Omega ratioGain probability vs. loss probability

1.37

1.67

-0.31

Calmar ratioReturn relative to maximum drawdown

3.27

7.13

-3.86

Martin ratioReturn relative to average drawdown

10.24

29.14

-18.90

XEG.TO vs. CFOU.TO - Sharpe Ratio Comparison

The current XEG.TO Sharpe Ratio is 2.25, which is lower than the CFOU.TO Sharpe Ratio of 4.51. The chart below compares the historical Sharpe Ratios of XEG.TO and CFOU.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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Drawdowns

XEG.TO vs. CFOU.TO - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.51%, roughly equal to the maximum CFOU.TO drawdown of -86.23%. Use the drawdown chart below to compare losses from any high point for XEG.TO and CFOU.TO.

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Drawdown Indicators

XEG.TOCFOU.TODifference

Max Drawdown

Largest peak-to-trough decline

-87.51%

-86.23%

-1.28%

Max Drawdown (1Y)

Largest decline over 1 year

-16.47%

-16.08%

-0.39%

Max Drawdown (3Y)

Largest decline over 3 years

-25.67%

-24.95%

-0.72%

Max Drawdown (5Y)

Largest decline over 5 years

-28.42%

-45.23%

+16.81%

Max Drawdown (10Y)

Largest decline over 10 years

-79.66%

-67.30%

-12.36%

Current Drawdown

Current decline from peak

-8.90%

-0.55%

-8.35%

Average Drawdown

Average peak-to-trough decline

-34.56%

-22.32%

-12.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.25%

3.93%

+1.32%

Volatility

XEG.TO vs. CFOU.TO - Volatility Comparison

iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 8.38% compared to BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) at 6.49%. This indicates that XEG.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

XEG.TOCFOU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.38%

6.49%

+1.89%

Volatility (6M)

Calculated over the trailing 6-month period

20.07%

21.42%

-1.35%

Volatility (1Y)

Calculated over the trailing 1-year period

23.96%

25.48%

-1.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.70%

27.66%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.41%

33.79%

-0.38%

XEG.TO vs. CFOU.TO - Expense Ratio Comparison

XEG.TO has a 0.60% expense ratio, which is lower than CFOU.TO's 1.52% expense ratio.

Dividends

XEG.TO vs. CFOU.TO - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.69%, while CFOU.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull 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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.69%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

XEG.TO and CFOU.TO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEG.TO is cheaper with a 0.60% expense ratio, compared with 1.52% for CFOU.TO.

XEG.TO is categorized as Energy Equities, while CFOU.TO is Leveraged Equities. XEG.TO tracks S&P/TSX Capped Energy Index, while CFOU.TO tracks S&P/TSX Capped Financials Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.60% for XEG.TO and 1.52% for CFOU.TO.

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