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Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 16, 2026

The Evolve Canadian Energy Enhanced Yield Index Fund seeks to replicate up to 1.25 times the performance of the Solactive Canada Energy Top 10 Index while employing a covered call option writing program to enhance yield and mitigate downside risk.

Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.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 OILY.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to OILY.TO

OILY.TO charges 0.60% annually. There are 3 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.27%.

SymbolNameExpense RatioAUMInception
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...0.27%125.85MSep 2013OILY.TO vs HXE.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF0.31%—Jul 2014OILY.TO vs PPLN.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF0.49%261.16MNov 2024OILY.TO vs NRGY.TO
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF0.60%595.84MApr 2011OILY.TO vs XBM.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.60%2.38BMar 2001OILY.TO vs XEG.TO

Best Risk-Adjusted Alternatives to OILY.TO

OILY.TO has a PortfoliosLab risk / return rank of 73. There are 10 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 90.

SymbolNameRisk / Return RankAUMInception
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
90
261.16MNov 2024OILY.TO vs NRGY.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF
90
—Jul 2014OILY.TO vs PPLN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
89
381.83MOct 2009OILY.TO vs ZEO.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...
89
714.60MApr 2011OILY.TO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
88
271.10MOct 2023OILY.TO vs ENCL.TO

Top Performing OILY.TO Alternatives (YTD)

OILY.TO is at 30.77% YTD. There are 7 ETFs in the Energy Equities category with higher YTD returns, going as high as 37.01%.

SymbolNameYTD ReturnAUMInception
NNRG.NEO
Ninepoint Energy ETF
37.01%
1.38BMay 2021OILY.TO vs NNRG.NEO
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...
36.07%
125.85MSep 2013OILY.TO vs HXE.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
35.62%
381.83MOct 2009OILY.TO vs ZEO.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
35.45%
261.16MNov 2024OILY.TO vs NRGY.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF
35.02%
2.38BMar 2001OILY.TO vs XEG.TO

Lowest Volatility Alternatives to OILY.TO

OILY.TO has 21.18% 1-year volatility. There are 10 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 15.13%.

SymbolNameVolatility 1YAUMInception
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...15.13%714.60MApr 2011OILY.TO vs ENCC.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF15.23%—Jul 2014OILY.TO vs PPLN.TO
CIF.TO
iShares Global Infrastructure Index ETF15.67%1.60BAug 2008OILY.TO vs CIF.TO
ZWEN.TO
BMO Covered Call Energy ETF17.23%130.82MJan 2023OILY.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF17.85%381.83MOct 2009OILY.TO vs ZEO.TO

Lowest Drawdown Alternatives to OILY.TO

OILY.TO has a 1-year max drawdown of -15.56%. There are 10 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 2011OILY.TO vs ENCC.TO
CIF.TO
iShares Global Infrastructure Index ETF
-9.49%
1.60BAug 2008OILY.TO vs CIF.TO
ZWEN.TO
BMO Covered Call Energy ETF
-9.50%
130.82MJan 2023OILY.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
-9.88%
381.83MOct 2009OILY.TO vs ZEO.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
-10.16%
261.16MNov 2024OILY.TO vs NRGY.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include BANK.TO, UTES.TO, QQQT.TO and span 5 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
98
34.25%
1.26BFeb 2022OILY.TO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
77
13.10%
431.22MSep 2024OILY.TO vs UTES.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD HedgedNasdaq-100, Technology Equities
67
26.34%
175.95MJul 2023OILY.TO vs QQQT.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
58
16.30%
135.03MOct 2025OILY.TO vs QQQY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
14.33%
—Sep 2025OILY.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-12.62%
—Sep 2025OILY.TO vs BIGY.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
67
14.59%
147.56MJan 2022OILY.TO vs EBNK.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
34.57%
—Dec 2025OILY.TO vs SIXY.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
18
1.30%
151.35MMay 2021OILY.TO vs TECH.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD UnhedgedDerivative Income, Canada Equities
89
10.61%
216.50MJan 2023OILY.TO vs ETSX.TO

Often Compared With OILY.TO

Investors most often compare OILY.TO with EMAX.TO, BASE.TO, EASY.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
65
26.21%
494.30MFeb 2024OILY.TO vs EMAX.TO
BASE.TO
Evolve Global Materials & Mining Enhanced Yield In...Materials
59
17.63%
100.24MJun 2019OILY.TO vs BASE.TO
EASY.TO
Evolve All-in-One UltraYield ETFDerivative Income———Mar 2026OILY.TO vs EASY.TO
HISA.NEO
Evolve High Interest Savings Account ETFMoney Market
99
1.08%
2.60BNov 2019OILY.TO vs HISA.NEO
ZWU.TO
BMO Covered Call Utilities ETFUtilities Equities, Derivative Income
71
11.26%
2.21BOct 2011OILY.TO vs ZWU.TO
HISU-U.TO
Evolve US High Interest Savings Account FundMoney Market—
1.82%
618.14MAug 2022OILY.TO vs HISU-U.TO
LBIT.TO
Evolve Levered Bitcoin ETFLeveraged Cryptocurrency, Cryptocurrency
2
-31.57%
—Mar 2025OILY.TO vs LBIT.TO
1816.HK
CGN Power
45
-3.58%
——OILY.TO vs 1816.HK
INTY.TO
Evolve International Equity UltraYield ETFDerivative Income———Jan 2026OILY.TO vs INTY.TO
2807.HK
Global X China Robotics and AI ETFChina Equities, Robotics, Asia Pacific Equities
26
0.65%
—Aug 2020OILY.TO vs 2807.HK
ETC.TO
Evolve Cryptocurrencies ETFCryptocurrency
3
-26.96%
—Sep 2021OILY.TO vs ETC.TO
3199.HK
ICBC CSOP FTSE Chinese Government and Policy Bank ...Emerging Markets Bonds
68
5.95%
—Feb 2014OILY.TO vs 3199.HK
ZMT.TO
BMO S&P/TSX Equal Weight Global Base Metals (CAD H...Materials, Equal Weight
51
16.03%
79.93MOct 2009OILY.TO vs ZMT.TO
BITO
ProShares Bitcoin Strategy ETFCryptocurrency
2
-27.10%
1.45BOct 2021OILY.TO vs BITO
EBIT.TO
Evolve Bitcoin ETF CADCryptocurrency
2
-24.72%
—Feb 2021OILY.TO vs EBIT.TO
MMA.AX
Maronan Metals Limited
73
1.19%
——OILY.TO vs MMA.AX
ETHR.TO
Evolve Ether ETF CAD Unhedged UnitsCryptocurrency
5
-34.72%
44.83MApr 2021OILY.TO vs ETHR.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
47
24.01%
127.47MFeb 2015OILY.TO vs NXF.TO
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
63
20.80%
836.28MOct 2011OILY.TO vs TXF.TO
SLJY
Amplify SILJ Covered Call ETFDerivative Income—
-6.88%
54.31MAug 2025OILY.TO vs SLJY

Compare OILY.TO with Any Fund or Stock

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

 

Diversifiers

Pair OILY.TO with funds that move differently

Evolve Canadian Energy Enhanced Yield Index Fund ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OILY.TO.

Explore OILY.TO Diversifiers