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CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 17, 2026

The CI Energy Giants Covered Call ETF (NXF) is an actively managed fund that invests on an equal-weight basis in a portfolio of equity securities of at least the 15 largest energy companies by market capitalization listed on a North American stock exchange. The fund employs a covered call writing strategy on up to 25% of its holdings to generate quarterly cash distributions and lower overall portfolio volatility, with foreign currency exposure hedged to the Canadian dollar.

CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NXF.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NXF.TO

Among 13 ETFs in the Energy Equities category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.27%.

SymbolNameExpense RatioAUMInception
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...0.27%125.85MSep 2013NXF.TO vs HXE.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF0.31%—Jul 2014NXF.TO vs PPLN.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF0.49%261.16MNov 2024NXF.TO vs NRGY.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF0.60%381.83MOct 2009NXF.TO vs ZEO.TO
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF0.60%595.84MApr 2011NXF.TO vs XBM.TO

Best Risk-Adjusted Alternatives to NXF.TO

NXF.TO has a PortfoliosLab risk / return rank of 49. There are 14 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 92.

SymbolNameRisk / Return RankAUMInception
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF
92
—Jul 2014NXF.TO vs PPLN.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
92
261.16MNov 2024NXF.TO vs NRGY.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
90
381.83MOct 2009NXF.TO vs ZEO.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...
90
714.60MApr 2011NXF.TO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
89
271.10MOct 2023NXF.TO vs ENCL.TO

Top Performing NXF.TO Alternatives (YTD)

NXF.TO is at 23.81% YTD. There are 13 ETFs in the Energy Equities category with higher YTD returns, going as high as 37.35%.

SymbolNameYTD ReturnAUMInception
NNRG.NEO
Ninepoint Energy ETF
37.35%
1.38BMay 2021NXF.TO vs NNRG.NEO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
36.59%
261.16MNov 2024NXF.TO vs NRGY.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
36.34%
381.83MOct 2009NXF.TO vs ZEO.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.60%
271.10MOct 2023NXF.TO vs ENCL.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF
35.29%
2.38BMar 2001NXF.TO vs XEG.TO

Lowest Volatility Alternatives to NXF.TO

NXF.TO has 20.06% 1-year volatility. There are 9 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 15.12%.

SymbolNameVolatility 1YAUMInception
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...15.12%714.60MApr 2011NXF.TO vs ENCC.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF15.22%—Jul 2014NXF.TO vs PPLN.TO
CIF.TO
iShares Global Infrastructure Index ETF15.66%1.60BAug 2008NXF.TO vs CIF.TO
ZWEN.TO
BMO Covered Call Energy ETF17.21%130.82MJan 2023NXF.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF17.85%381.83MOct 2009NXF.TO vs ZEO.TO

Lowest Drawdown Alternatives to NXF.TO

NXF.TO has a 1-year max drawdown of -17.57%. There are 13 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -8.48%.

SymbolNameMax Drawdown 1YAUMInception
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...
-8.48%
714.60MApr 2011NXF.TO vs ENCC.TO
CIF.TO
iShares Global Infrastructure Index ETF
-9.49%
1.60BAug 2008NXF.TO vs CIF.TO
ZWEN.TO
BMO Covered Call Energy ETF
-9.50%
130.82MJan 2023NXF.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
-9.88%
381.83MOct 2009NXF.TO vs ZEO.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
-10.16%
261.16MNov 2024NXF.TO vs NRGY.TO

Other ETFs from CI

The 10 most viewed CI ETFs shown here include CCOM.TO, CEQT.TO, CGXF.TO and span 10 categories. AUM among these funds goes as high as $359M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CCOM.TO
CI Auspice Broad Commodity Fund ETF Hedged UnitsCommodities
75
14.23%
—May 2023NXF.TO vs CCOM.TO
CEQT.TO
CI Equity Asset Allocation ETFDiversified Portfolio
92
13.84%
—May 2023NXF.TO vs CEQT.TO
CGXF.TO
CI Gold+ Giants Covered Call ETF CommonGold, Precious Metals
22
-16.25%
249.45MMar 2022NXF.TO vs CGXF.TO
CIC.TO
CI Canadian Banks Covered Call Income Class ETFFinancials Equities
97
29.57%
358.67MAug 2010NXF.TO vs CIC.TO
VXM-B.TO
CI Morningstar International Value Index ETF (Unhe...Foreign Small & Mid Cap Equities
81
11.43%
—Nov 2014NXF.TO vs VXM-B.TO
CMNY.TO
CI Money Market ETF CAD SeriesMoney Market
99
1.27%
—Jul 2023NXF.TO vs CMNY.TO
CEQP.TO
CI Equity+ Asset Allocation ETFDiversified Portfolio———Jan 2026NXF.TO vs CEQP.TO
CBCX.TO
CI Galaxy Blockchain Index ETF CADBlockchain
14
0.39%
—Apr 2022NXF.TO vs CBCX.TO
EHE.TO
CI Europe Hedged Equity Index ETFEurope Equities
34
6.55%
2.96MAug 2017NXF.TO vs EHE.TO
CGRE.TO
CI Global REIT Private PoolREIT
50
15.52%
47.46MMay 2020NXF.TO vs CGRE.TO

Often Compared With NXF.TO

Investors most often compare NXF.TO with YPLT.NEO, YAVG.NEO, CBNK.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YPLT.NEO
Palantir (PLTR) Yield Shares Purpose ETFDerivative Income, Technology Equities
10
-17.99%
—Feb 2025NXF.TO vs YPLT.NEO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETFDerivative Income, Semiconductors
49
26.90%
—Feb 2025NXF.TO vs YAVG.NEO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETFDerivative Income, Financials Equities
98
48.96%
—Feb 2022NXF.TO vs CBNK.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
96
15.23%
2.41BFeb 2017NXF.TO vs ZWC.TO
SOLX.TO
CI Galaxy Solana ETFCryptocurrency———Oct 2024NXF.TO vs SOLX.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETFDerivative Income
68
7.91%
—Sep 2022NXF.TO vs DXQ.TO
FLI.TO
CI U.S. & Canada Lifeco Covered Call ETF (Hedged C...Derivative Income
82
17.15%
90.68MAug 2013NXF.TO vs FLI.TO
EACC.NEO
Global X MSCI EAFE Covered Call ETFDerivative Income, Foreign Large Cap Equities
49
10.72%
—May 2024NXF.TO vs EACC.NEO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
27.00%
—Aug 2025NXF.TO vs CNQE.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-43.85%
297.99MMar 2025NXF.TO vs MSTE.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
15
-1.46%
360.54MMay 2024NXF.TO vs HPYT.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
91
10.04%
62.00MDec 2022NXF.TO vs YGOG.NEO
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...Derivative Income
60
5.50%
660.52MJul 2014NXF.TO vs HBF.TO
LLHE.TO
Harvest Eli Lilly Enhanced High Income Shares ETF ...Derivative Income
48
15.06%
245.74MAug 2024NXF.TO vs LLHE.TO
YNVD.NEO
NVIDIA (NVDA) Yield Shares Purpose ETFDerivative Income
30
12.01%
205.90MJan 2024NXF.TO vs YNVD.NEO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
82
13.70%
250.73MJul 2023NXF.TO vs USCL.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
77
31.70%
—Mar 2025NXF.TO vs OILY.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
80
11.45%
1.41BJun 2023NXF.TO vs UMAX.TO
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
33
17.84%
268.36MAug 2024NXF.TO vs NVHE.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETFDerivative Income—
14.68%
—Aug 2025NXF.TO vs ECHI.TO

Compare NXF.TO with Any Fund or Stock

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

 

Diversifiers

Pair NXF.TO with funds that move differently

CI Energy Giants Covered Call ETF Common Units (CAD Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NXF.TO.

Explore NXF.TO Diversifiers