OILY.TO Alternatives & Similar ETFs

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 2 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.27%.

Symbol	Name	Expense Ratio	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	0.27%	136.64M	Sep 2013	OILY.TO vs HXE.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	0.31%	—	Jul 2014	OILY.TO vs PPLN.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	0.60%	658.13M	Apr 2011	OILY.TO vs XBM.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	0.60%	340.76M	Oct 2009	OILY.TO vs ZEO.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	0.61%	85.01M	Oct 2009	OILY.TO vs ZMT.TO

Best Risk-Adjusted Alternatives to OILY.TO

OILY.TO has a PortfoliosLab risk / return rank of 77. There are 8 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	86	136.64M	Sep 2013	OILY.TO vs HXE.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	86	340.76M	Oct 2009	OILY.TO vs ZEO.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	86	2.28B	Mar 2001	OILY.TO vs XEG.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	85	658.13M	Apr 2011	OILY.TO vs XBM.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	85	759.08M	Apr 2011	OILY.TO vs ENCC.TO

Top Performing OILY.TO Alternatives (YTD)

OILY.TO is at 35.40% YTD. There are 6 ETFs in the Energy Equities category with higher YTD returns, going as high as 45.59%.

Symbol	Name	YTD Return	AUM	Inception
NNRG.NEO	Ninepoint Energy ETF	45.59%	1.38B	May 2021	OILY.TO vs NNRG.NEO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	44.48%	136.64M	Sep 2013	OILY.TO vs HXE.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	44.34%	2.28B	Mar 2001	OILY.TO vs XEG.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	39.44%	85.01M	Oct 2009	OILY.TO vs ZMT.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	38.48%	658.13M	Apr 2011	OILY.TO vs XBM.TO

Lowest Volatility Alternatives to OILY.TO

OILY.TO has 19.34% 1-year volatility. There are 5 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 14.08%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	14.08%	759.08M	Apr 2011	OILY.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	14.40%	—	Jul 2014	OILY.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	15.23%	1.44B	Aug 2008	OILY.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	16.69%	133.70M	Jan 2023	OILY.TO vs ZWEN.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	16.92%	340.76M	Oct 2009	OILY.TO vs ZEO.TO

Lowest Drawdown Alternatives to OILY.TO

OILY.TO has a 1-year max drawdown of -11.14%. There are 9 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -8.48%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	-8.48%	759.08M	Apr 2011	OILY.TO vs ENCC.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	-9.41%	116.31M	Feb 2015	OILY.TO vs NXF.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	133.70M	Jan 2023	OILY.TO vs ZWEN.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.50%	1.44B	Aug 2008	OILY.TO vs CIF.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	-9.54%	340.76M	Oct 2009	OILY.TO vs ZEO.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include BANK.TO, UTES.TO, QQQT.TO and span 6 categories. AUM among these funds goes as high as $1B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	96	17.36%	1.08B	Feb 2022	OILY.TO vs BANK.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	75	12.58%	405.53M	Sep 2024	OILY.TO vs UTES.TO
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	Nasdaq-100, Technology Equities	82	31.74%	166.05M	Jul 2023	OILY.TO vs QQQT.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	77	20.66%	135.24M	Oct 2025	OILY.TO vs QQQY.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	10.38%	—	Sep 2025	OILY.TO vs CANY.TO
BIGY.TO	Evolve US Equity UltraYield ETF	Large Cap Blend Equities	—	-3.71%	—	Sep 2025	OILY.TO vs BIGY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	38	5.02%	140.46M	Jan 2022	OILY.TO vs EBNK.TO
TECH.TO	Evolve FANGMA Index ETF Hedged CAD	Technology Equities	24	0.77%	156.54M	May 2021	OILY.TO vs TECH.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	17.44%	—	Dec 2025	OILY.TO vs SIXY.TO
ETSX.TO	Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	Large Cap Blend Equities	75	7.49%	204.58M	Jan 2023	OILY.TO vs ETSX.TO

Often Compared With OILY.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	Oil & Gas, Derivative Income	85	36.58%	286.32M	Oct 2023	OILY.TO vs ENCL.TO
BASE.TO	Evolve Global Materials & Mining Enhanced Yield In...	Materials	79	29.75%	106.42M	Jun 2019	OILY.TO vs BASE.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	70	30.76%	476.70M	Feb 2024	OILY.TO vs EMAX.TO
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	86	0.60%	2.74B	Nov 2019	OILY.TO vs HISA.NEO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	OILY.TO vs EASY.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	58	10.15%	2.17B	Oct 2011	OILY.TO vs ZWU.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	Money Market	99	1.04%	704.06M	Aug 2022	OILY.TO vs HISU-U.TO
LBIT.TO	Evolve Levered Bitcoin ETF	Leveraged Cryptocurrency, Cryptocurrency	2	-30.02%	—	Mar 2025	OILY.TO vs LBIT.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	Commodity Producers Equities	89	38.06%	284.45M	Nov 2024	OILY.TO vs NRGY.TO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	OILY.TO vs INTY.TO
1816.HK	CGN Power		70	10.85%	—	—	OILY.TO vs 1816.HK
ETC.TO	Evolve Cryptocurrencies ETF	Cryptocurrency	3	-27.84%	—	Aug 2024	OILY.TO vs ETC.TO
2807.HK	Global X China Robotics and AI ETF	Robotics, China Equities	38	11.69%	—	Aug 2020	OILY.TO vs 2807.HK
3199.HK	ICBC CSOP FTSE Chinese Government and Policy Bank ...	Emerging Markets Bonds	64	6.17%	—	Feb 2022	OILY.TO vs 3199.HK
EBIT.TO	Evolve Bitcoin ETF CAD	Cryptocurrency	2	-24.84%	—	Feb 2021	OILY.TO vs EBIT.TO
ETHR.TO	Evolve Ether ETF CAD Unhedged Units	Cryptocurrency	5	-39.08%	47.22M	Apr 2021	OILY.TO vs ETHR.TO
MMA.AX	Maronan Metals Limited		66	-7.14%	—	—	OILY.TO vs MMA.AX
SLJY	Amplify SILJ Covered Call ETF	Derivative Income	—	7.71%	47.53M	Aug 2025	OILY.TO vs SLJY
BITO	ProShares Bitcoin Strategy ETF	Cryptocurrency	2	-26.37%	1.70B	Oct 2021	OILY.TO vs BITO
TXF.TO	CI Tech Giants Covered Call Common	Technology Equities, Derivative Income	85	31.75%	854.47M	Oct 2011	OILY.TO vs TXF.TO

Compare OILY.TO with Any Fund or Stock

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

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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

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