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HQU.TO - BetaPro NASDAQ-100 2x Daily Bull ETF

HQU is a daily-reset 2x Nasdaq-100 exposure sleeve in Canada, designed for tactical growth-beta positioning rather than long-horizon buy-and-hold allocation.

Equity Efficiency:A+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. HQU is a 2x daily Nasdaq-100 leverage sleeve. Capital efficiency depends on trend persistence versus volatility drag from daily-reset leverage.

HQU price history

Range
+64.98%
Total return (1Y)
HQU.TO

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

Strategy

The fund aims for roughly two times the NASDAQ-100 daily return before fees. As with all daily leveraged ETFs, realized multi-day performance depends on sequence of returns, volatility, and rebalance math, not just start-to-end index change.

Because the index is tech-heavy and duration-sensitive, HQU’s risk profile is tightly linked to rates environment, mega-cap concentration, and momentum persistence. Position sizing and holding period discipline matter more than ticker selection alone.

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 sustained risk-on growth phases where Nasdaq leadership is broad enough to offset daily leverage costs and volatility stays manageable.

Underperforms in violent rotations and chop, where reversal-driven compounding drag can erode returns quickly.

Similar ETFs

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

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