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Horizons Gold Producer Equity Covered Call ETF (HEP.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 4, 2026

The Horizons Gold Producer Equity Covered Call ETF seeks to provide exposure to North American-listed gold producer equities while employing a dynamic covered call option writing program to generate monthly income from dividend and call option premiums.

Horizons Gold Producer Equity Covered Call ETF (HEP.TO) belongs to the Commodity Producers Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HEP.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HEP.TO

HEP.TO charges 0.81% annually. There are 3 ETFs in the Commodity Producers Equities category with lower expense ratios, going as low as 0.49%.

SymbolNameExpense RatioAUMInception
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF0.49%284.45MNov 2024HEP.TO vs NRGY.TO
CPCC.TO
Global X Copper Producer Equity Covered Call ETF0.65%—Dec 2025HEP.TO vs CPCC.TO
COPP.TO
Global X Copper Producers Index ETF0.65%201.34MMay 2022HEP.TO vs COPP.TO
HLIT.TO
Global X Lithium Producers Index ETF0.89%—Jun 2021HEP.TO vs HLIT.TO
HURA.TO
Global X Uranium Index ETF0.98%205.13MMay 2019HEP.TO vs HURA.TO

Best Risk-Adjusted Alternatives to HEP.TO

HEP.TO has a PortfoliosLab risk / return rank of 33. There are 5 ETFs in the Commodity Producers Equities category with higher risk-adjusted ranks, going as high as 89.

SymbolNameRisk / Return RankAUMInception
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
89
284.45MNov 2024HEP.TO vs NRGY.TO
HLIT.TO
Global X Lithium Producers Index ETF
87
—Jun 2021HEP.TO vs HLIT.TO
COPP.TO
Global X Copper Producers Index ETF
71
201.34MMay 2022HEP.TO vs COPP.TO
GLDX.TO
Global X Gold Producers Index ETF
45
—Nov 2024HEP.TO vs GLDX.TO
HURA.TO
Global X Uranium Index ETF
33
205.13MMay 2019HEP.TO vs HURA.TO

Top Performing HEP.TO Alternatives (YTD)

HEP.TO is at -1.84% YTD. There are 6 ETFs in the Commodity Producers Equities category with higher YTD returns, going as high as 38.06%.

SymbolNameYTD ReturnAUMInception
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
38.06%
284.45MNov 2024HEP.TO vs NRGY.TO
COPP.TO
Global X Copper Producers Index ETF
26.77%
201.34MMay 2022HEP.TO vs COPP.TO
HLIT.TO
Global X Lithium Producers Index ETF
25.27%
—Jun 2021HEP.TO vs HLIT.TO
CPCC.TO
Global X Copper Producer Equity Covered Call ETF
23.82%
—Dec 2025HEP.TO vs CPCC.TO
HURA.TO
Global X Uranium Index ETF
14.10%
205.13MMay 2019HEP.TO vs HURA.TO

Lowest Volatility Alternatives to HEP.TO

HEP.TO has 41.96% 1-year volatility. There are 3 ETFs in the Commodity Producers Equities category with lower 1-year volatility, going as low as 16.88%.

SymbolNameVolatility 1YAUMInception
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF16.88%284.45MNov 2024HEP.TO vs NRGY.TO
HLIT.TO
Global X Lithium Producers Index ETF38.13%—Jun 2021HEP.TO vs HLIT.TO
COPP.TO
Global X Copper Producers Index ETF40.46%201.34MMay 2022HEP.TO vs COPP.TO
CPCC.TO
Global X Copper Producer Equity Covered Call ETF43.17%—Dec 2025HEP.TO vs CPCC.TO
GLDX.TO
Global X Gold Producers Index ETF46.13%—Nov 2024HEP.TO vs GLDX.TO

Lowest Drawdown Alternatives to HEP.TO

HEP.TO has a 1-year max drawdown of -28.86%. There are 3 ETFs in the Commodity Producers Equities category with shallower 1-year drawdowns, going as shallow as -9.49%.

SymbolNameMax Drawdown 1YAUMInception
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
-9.49%
284.45MNov 2024HEP.TO vs NRGY.TO
HLIT.TO
Global X Lithium Producers Index ETF
-23.73%
—Jun 2021HEP.TO vs HLIT.TO
COPP.TO
Global X Copper Producers Index ETF
-28.09%
201.34MMay 2022HEP.TO vs COPP.TO
GLDX.TO
Global X Gold Producers Index ETF
-30.14%
—Nov 2024HEP.TO vs GLDX.TO
HURA.TO
Global X Uranium Index ETF
-30.61%
205.13MMay 2019HEP.TO vs HURA.TO

Other ETFs from Horizons

The 2 most viewed Horizons ETFs shown here include HXQ.TO, HEQT.TO and span 2 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HXQ.TO
Horizons NASDAQ-100 Index ETFNasdaq-100
75
22.84%
1.25BApr 2016HEP.TO vs HXQ.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities
80
13.56%
—Sep 2019HEP.TO vs HEQT.TO

Compare HEP.TO with Any Fund or Stock

Compare HEP.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair HEP.TO with funds that move differently

Horizons Gold Producer Equity Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEP.TO.

Explore HEP.TO Diversifiers