Question 1

What is HBD?

Accepted Answer

HBD (BetaPro Gold Bullion 2x Daily Bear) is a Canadian-listed ETF trading on the TSX in the Passive Inverse/Leveraged category. It tracks the Morningstar CAD O/N Cash GR CAD.

Question 2

What is the HBD ETF price today?

Accepted Answer

HBD last traded at $7.43 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the HBD MER (management expense ratio)?

Accepted Answer

HBD has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, HBD is considered a low-cost ETF.

Question 4

What are HBD annualised returns?

Accepted Answer

HBD historical returns: YTD: +11.23%, 1-year: -48.73%, 3-year annualised: -43.21%, 5-year annualised: -30.99%, 10-year annualised: -22.81%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -1.31, which measures risk-adjusted return.

Question 5

Does HBD pay dividends or distributions?

Accepted Answer

HBD distribution information is shown in the ETF details panel on this page. Check the ETF details section for the most current yield data.

Question 6

What does HBD invest in?

Accepted Answer

HBD's top holdings include Iamgold Corp (null, 7.6%), IAMGold Corporation (null, 7.6%), Ivanhoe Mines Ltd A (null, 6.9%), Ivanhoe Mines, Ltd. (null, 6.9%), Rona Inc. (null, 6.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar CAD O/N Cash GR CAD.

Question 7

What sectors does HBD invest in?

Accepted Answer

HBD's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is HBD? (Assets under management)

Accepted Answer

HBD has approximately $4M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was HBD launched?

Accepted Answer

HBD was launched on January 22, 2008, giving it a 18-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy HBD in Canada?

Accepted Answer

HBD trades on the TSX under the ticker HBD. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is HBD?

Accepted Answer

HBD has a 1-year volatility of 52.50% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of -1.31 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-04-02	$7.67	$7.68	$7.38	$7.43	$7.43	218,421
2026-02-13	$6.73	$6.87	$6.65	$6.68	$6.68	56,447
2025-12-31	$9.49	$9.65	$9.47	$9.64	$9.64	36,855
2025-12-24	$8.91	$9.02	$8.91	$8.92	$8.92	9,790
2025-08-01	$16.25	$16.35	$16.17	$16.19	$16.19	9,967
2025-06-30	$16.88	$16.88	$16.62	$16.62	$16.62	14,510
2025-05-16	$18.04	$18.12	$17.84	$17.86	$17.86	20,123
2025-04-17	$16.77	$17.11	$16.74	$16.79	$16.79	69,969
2025-02-14	$21.64	$22.40	$21.64	$22.35	$22.35	7,405
2025-01-17	$24.40	$24.59	$24.25	$24.59	$24.59	3,688

#	Name	Weight
1	Iamgold Corp	7.64%
2	IAMGold Corporation	7.64%
3	Ivanhoe Mines Ltd A	6.88%
4	Ivanhoe Mines, Ltd.	6.88%
5	Rona Inc.	6.53%
6	RONA Inc	6.53%
7	COMEX Gold Bullion Index Forward	6.47%
8	Kinross Gold Corp	6.21%
9	Kinross Gold Corporation	6.21%
10	Research in Motion, Ltd.	6.19%

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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SHPU		$7.97	+4.73%
FETH	Fidelity Advantage Ether ETF - L	$46.90	+4.59%

CIBC Investor's Edge

BetaPro Gold Bullion 2x Daily Bear (HBD : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — HBD