Question 1

What is HSD?

Accepted Answer

HSD (BetaPro S&P 500® -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 HSD ETF price today?

Accepted Answer

HSD last traded at $12.08 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the HSD MER (management expense ratio)?

Accepted Answer

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

Question 4

What are HSD annualised returns?

Accepted Answer

HSD historical returns: YTD: +7.47%, 1-year: -30.76%, 3-year annualised: -30.01%, 5-year annualised: -21.82%, 10-year annualised: -28.16%. 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 HSD pay dividends or distributions?

Accepted Answer

HSD 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 HSD invest in?

Accepted Answer

HSD'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 HSD invest in?

Accepted Answer

HSD's largest sector exposures are Technology (38.5%), Financial Services (11.5%), Communication Services (9.9%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is HSD? (Assets under management)

Accepted Answer

HSD has approximately $41M 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 HSD launched?

Accepted Answer

HSD was launched on June 17, 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 HSD in Canada?

Accepted Answer

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

Accepted Answer

HSD has a 1-year volatility of 24.12% 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	$12.45	$12.47	$12.02	$12.08	$12.08	1,146,233
2026-02-13	$11.22	$11.38	$11.09	$11.24	$11.24	347,359
2025-12-31	$11.01	$11.19	$11.01	$11.18	$11.18	51,811
2025-12-24	$10.97	$10.97	$10.89	$10.91	$10.91	40,297
2025-08-01	$13.14	$13.42	$13.14	$13.33	$13.33	683,544
2025-06-30	$13.44	$13.53	$13.34	$13.38	$13.38	631,930
2025-05-16	$14.67	$14.74	$14.49	$14.50	$14.50	580,777
2025-04-17	$18.45	$18.71	$18.24	$18.53	$18.53	637,961
2025-02-14	$14.57	$14.62	$14.54	$14.60	$14.60	215,832
2025-01-20	$14.95	$14.95	$14.80	$14.86	$14.86	18,500

Sector	Weight
Technology	38.55%
Financial Services	11.55%
Communication Services	9.90%
Consumer Cyclicals	9.49%
Healthcare	8.89%
Industrials	8.45%
Consumer Defensive	4.52%
Energy	2.98%
Utilities	2.20%
Real Estate	1.83%
Basic Materials	1.65%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

BetaPro S&P 500® -2x Daily Bear ETF (HSD : 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 — HSD