Question 1

What is HED?

Accepted Answer

HED (BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF) 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 HED ETF price today?

Accepted Answer

HED last traded at $7.82 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the HED MER (management expense ratio)?

Accepted Answer

HED 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%, HED is considered a low-cost ETF.

Question 4

What are HED annualised returns?

Accepted Answer

HED historical returns: YTD: -29.36%, 1-year: -68.90%, 3-year annualised: -40.97%, 5-year annualised: -53.26%, 10-year annualised: -40.93%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -1.26, which measures risk-adjusted return.

Question 5

Does HED pay dividends or distributions?

Accepted Answer

HED 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 HED invest in?

Accepted Answer

HED's top holdings include null (null, 100.0%). 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 HED invest in?

Accepted Answer

HED's largest sector exposures are Energy (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is HED? (Assets under management)

Accepted Answer

HED has approximately $3M 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 HED launched?

Accepted Answer

HED was launched on June 18, 2007, giving it a 19-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 HED in Canada?

Accepted Answer

HED trades on the TSX under the ticker HED. 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 HED?

Accepted Answer

HED has a 1-year volatility of 48.22% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of -1.26 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	$7.46	$7.87	$7.46	$7.82	$7.82	21,560
2026-02-13	$11.38	$11.56	$11.07	$11.07	$11.07	69,654
2025-12-31	$15.72	$15.97	$15.72	$15.87	$15.87	12,715
2025-12-24	$16.47	$16.54	$16.46	$16.54	$16.54	3,743
2025-08-01	$20.43	$21.04	$20.43	$20.87	$20.87	11,073
2025-06-30	$21.63	$21.83	$21.63	$21.83	$21.83	4,625
2025-05-16	$23.04	$23.54	$23.04	$23.40	$23.40	16,555
2025-04-17	$27.52	$27.52	$26.56	$27.11	$27.11	13,460
2025-02-14	$24.09	$24.54	$24.09	$24.46	$24.46	8,520
2025-01-17	$23.88	$23.90	$23.24	$23.24	$23.24	10,374

Sector	Weight
Energy	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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AMDU		$18.63	+4.84%
SHPU		$7.97	+4.73%
FETH	Fidelity Advantage Ether ETF - L	$46.90	+4.59%

CIBC Investor's Edge

BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (HED : 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 — HED