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

ETF · Currency in CAD · Last updated Jun 24, 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%126.54MSep 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%257.58MNov 2024OILY.TO vs NRGY.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF0.60%2.38BMar 2001OILY.TO vs XEG.TO
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF0.60%661.86MApr 2011OILY.TO vs XBM.TO

Best Risk-Adjusted Alternatives to OILY.TO

OILY.TO has a PortfoliosLab risk / return rank of 62. There are 9 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 84.

SymbolNameRisk / Return RankAUMInception
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF
84
—Jul 2014OILY.TO vs PPLN.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
84
257.58MNov 2024OILY.TO vs NRGY.TO
CIF.TO
iShares Global Infrastructure Index ETF
79
1.57BAug 2008OILY.TO vs CIF.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
78
326.77MOct 2009OILY.TO vs ZEO.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...
77
708.27MApr 2011OILY.TO vs ENCC.TO

Top Performing OILY.TO Alternatives (YTD)

OILY.TO is at 26.92% YTD. There are 8 ETFs in the Energy Equities category with higher YTD returns, going as high as 36.48%.

SymbolNameYTD ReturnAUMInception
NNRG.NEO
Ninepoint Energy ETF
36.48%
1.38BMay 2021OILY.TO vs NNRG.NEO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
32.04%
257.58MNov 2024OILY.TO vs NRGY.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
31.93%
326.77MOct 2009OILY.TO vs ZEO.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF
31.63%
—Jul 2014OILY.TO vs PPLN.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
30.80%
267.19MOct 2023OILY.TO vs ENCL.TO

Lowest Volatility Alternatives to OILY.TO

OILY.TO has 19.80% 1-year volatility. There are 7 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 14.53%.

SymbolNameVolatility 1YAUMInception
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...14.53%708.27MApr 2011OILY.TO vs ENCC.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF14.78%—Jul 2014OILY.TO vs PPLN.TO
CIF.TO
iShares Global Infrastructure Index ETF15.62%1.57BAug 2008OILY.TO vs CIF.TO
ZWEN.TO
BMO Covered Call Energy ETF17.11%128.30MJan 2023OILY.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF17.35%326.77MOct 2009OILY.TO vs ZEO.TO

Lowest Drawdown Alternatives to OILY.TO

OILY.TO has a 1-year max drawdown of -11.56%. There are 7 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%
708.27MApr 2011OILY.TO vs ENCC.TO
CIF.TO
iShares Global Infrastructure Index ETF
-9.49%
1.57BAug 2008OILY.TO vs CIF.TO
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF
-9.49%
257.58MNov 2024OILY.TO vs NRGY.TO
ZWEN.TO
BMO Covered Call Energy ETF
-9.50%
128.30MJan 2023OILY.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
-9.54%
326.77MOct 2009OILY.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
97
27.46%
1.16BFeb 2022OILY.TO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
86
14.78%
412.15MSep 2024OILY.TO vs UTES.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD HedgedNasdaq-100, Technology Equities
69
24.22%
171.18MJul 2023OILY.TO vs QQQT.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
61
14.40%
133.42MOct 2025OILY.TO vs QQQY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
12.78%
—Sep 2025OILY.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-12.81%
—Sep 2025OILY.TO vs BIGY.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
58
11.40%
146.10MJan 2022OILY.TO vs EBNK.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
28.03%
—Dec 2025OILY.TO vs SIXY.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
12
-7.11%
150.16MMay 2021OILY.TO vs TECH.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD UnhedgedLarge Cap Blend Equities
81
8.85%
211.72MJan 2023OILY.TO vs ETSX.TO

Often Compared With OILY.TO

Investors most often compare OILY.TO with BASE.TO, EMAX.TO, EASY.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BASE.TO
Evolve Global Materials & Mining Enhanced Yield In...Materials
66
20.51%
109.53MJun 2019OILY.TO vs BASE.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
51
22.48%
467.50MFeb 2024OILY.TO vs EMAX.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
0.96%
2.68BNov 2019OILY.TO vs HISA.NEO
ZWU.TO
BMO Covered Call Utilities ETFUtilities Equities, Derivative Income
75
12.39%
2.20BOct 2011OILY.TO vs ZWU.TO
HISU-U.TO
Evolve US High Interest Savings Account FundMoney Market
100
1.61%
698.22MAug 2022OILY.TO vs HISU-U.TO
LBIT.TO
Evolve Levered Bitcoin ETFLeveraged Cryptocurrency, Cryptocurrency
2
-33.82%
—Mar 2025OILY.TO vs LBIT.TO
1816.HK
CGN Power
52
-0.77%
——OILY.TO vs 1816.HK
2807.HK
Global X China Robotics and AI ETFRobotics, China Equities
40
7.04%
—Aug 2020OILY.TO vs 2807.HK
ETC.TO
Evolve Cryptocurrencies ETFCryptocurrency
3
-30.12%
—Sep 2021OILY.TO vs ETC.TO
INTY.TO
Evolve International Equity UltraYield ETFDerivative Income———Jan 2026OILY.TO vs INTY.TO
3199.HK
ICBC CSOP FTSE Chinese Government and Policy Bank ...Emerging Markets Bonds
65
6.08%
—Feb 2014OILY.TO vs 3199.HK
ZMT.TO
BMO S&P/TSX Equal Weight Global Base Metals (CAD H...Materials, Equal Weight
65
24.75%
84.38MOct 2009OILY.TO vs ZMT.TO
EBIT.TO
Evolve Bitcoin ETF CADCryptocurrency
3
-26.76%
—Feb 2021OILY.TO vs EBIT.TO
BITO
ProShares Bitcoin Strategy ETFCryptocurrency
2
-29.93%
1.42BOct 2021OILY.TO vs BITO
ETHR.TO
Evolve Ether ETF CAD Unhedged UnitsCryptocurrency
6
-42.64%
43.69MApr 2021OILY.TO vs ETHR.TO
MMA.AX
Maronan Metals Limited
73
5.95%
——OILY.TO vs MMA.AX
SLJY
Amplify SILJ Covered Call ETFDerivative Income—
-4.62%
49.62MAug 2025OILY.TO vs SLJY
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
72
24.88%
864.60MOct 2011OILY.TO vs TXF.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
39
19.97%
116.28MFeb 2015OILY.TO vs NXF.TO

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