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HEQL.TO - Global X Enhanced All-Equity Asset Allocation ETF

HEQL is a Canadian-listed enhanced all-equity allocation sleeve that targets roughly 125% exposure to a diversified global equity mix through a fund-of-funds structure.

Equity Efficiency:B+Capital Efficiency grades how well this ETF delivers equity-side returns relative to the capital and beta it uses, with SPY as the B baseline. Leveraged ETFs score higher when they free up capital for an alpha sleeve. Long/short and factor ETFs are graded on excess return versus SPY, net of costs. HEQL targets about 1.25x globally diversified equity exposure via a fund-of-funds structure. Capital efficiency reflects leveraged equity delivery net of financing and compounding drag.

HEQL price history

Range
+13.89%
Total return (1Y)
HEQL.TO

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

HEQL primarily holds diversified equity ETFs and employs cash borrowing to maintain a leverage ratio near 125%. It sits between plain all-equity beta and higher-volatility daily-reset leverage products.

Because the fund is a leveraged fund-of-funds, realized outcomes depend on underlying regional allocations, financing cost, and equity volatility path. Monthly distributions and rebalancing inside underlying sleeves can also shape return cadence relative to a single-index benchmark.

Manager and Issuer Pedigree

Global X Investments Canada (formerly Horizons ETFs Management) is one of Canada’s larger ETF issuers. BetaPro daily leverage, enhanced-beta (~1.25×), and related fund-of-funds sleeves share the same listed-derivatives and operational infrastructure.

The sponsor operates under Mirae Asset’s global platform, which supports futures-based implementation at scale. Path risk, financing drag, and index concentration still come from the strategy, not from issuer size.

Outperformance

Outperforms in steady, broad global equity uptrends where moderate leverage can compound without frequent volatility shocks. The structure is built to monetize persistent beta participation rather than short-term tactical timing.

Underperforms in choppy, reversal-heavy markets where financing and compounding drag can erode excess return. Best conditions are durable risk-on tapes with healthy breadth across U.S., international, and emerging equity sleeves.

Similar ETFs

TickerNameScoreMERAUM
HEQLGlobal X Enhanced All-Equity Asset Allocation ETFB+0.45%~$19M CAD
HQUBetaPro NASDAQ-100 2x Daily Bull ETFA+1.44%~$400M CAD
HSUBetaPro S&P 500 2x Daily Bull ETFA1.50%~$170M CAD
QQQLGlobal X Enhanced NASDAQ-100 Index ETFA+0.50%~$180M CAD
USSLGlobal X Enhanced S&P 500 Index ETFA0.50%~$250M CAD

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Global X Canada (HEQL).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.

Grades above are based on 4–11 months of live data and should be treated as provisional. Short history may not capture a full market-cycle.