3199.HK vs. OILY.TO

Last updated Jun 5, 2026

3199.HK (ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF) and OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) are both exchange-traded funds - 3199.HK is a Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond, while OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index. Both are passively managed. Over the past year, 3199.HK returned 7.82% vs 51.65% for OILY.TO. At a 0.15 correlation, their price movements are largely independent. 3199.HK charges 0.62%/yr vs 0.60%/yr for OILY.TO.

Performance

3199.HK vs. OILY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3199.HK is traded in HKD, while OILY.TO is traded in CAD. To make them comparable, the OILY.TO values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3199.HK achieves a 5.99% return, which is significantly lower than OILY.TO's 35.66% return.

3199.HK

• 1D: -0.17%
• 1M: 1.09%
• YTD: 5.99%
• 6M: 6.77%
• 1Y: 7.82%
• 3Y*: 5.62%
• 5Y*: 2.88%
• 10Y*: 2.92%

OILY.TO

• 1D: 0.71%
• 1M: 0.09%
• YTD: 35.66%
• 6M: 31.54%
• 1Y: 51.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3199.HK vs. OILY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF	5.99%	5.50%
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	35.66%	8.49%

Correlation

The correlation between 3199.HK and OILY.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	0.15

Return for Risk

3199.HK vs. OILY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3199.HK

3199.HK Risk / Return Rank: 64
3199.HK Sharpe Ratio Rank: 50
3199.HK Sortino Ratio Rank: 55
3199.HK Omega Ratio Rank: 53
3199.HK Calmar Ratio Rank: 90
3199.HK Martin Ratio Rank: 71

OILY.TO

OILY.TO Risk / Return Rank: 82
OILY.TO Sharpe Ratio Rank: 87
OILY.TO Sortino Ratio Rank: 79
OILY.TO Omega Ratio Rank: 79
OILY.TO Calmar Ratio Rank: 87
OILY.TO Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3199.HK vs. OILY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	3199.HK	OILY.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.62	-0.91
Sortino ratio: Return per unit of downside risk	2.60	3.30	-0.70
Omega ratio: Gain probability vs. loss probability	1.32	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	5.39	5.27	+0.12
Martin ratio: Return relative to average drawdown	13.10	14.17	-1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3199.HK vs. OILY.TO - Sharpe Ratio Comparison

The current 3199.HK Sharpe Ratio is 1.71, which is lower than the OILY.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of 3199.HK and OILY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3199.HK	OILY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.62	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.52	-0.96

Drawdowns

3199.HK vs. OILY.TO - Drawdown Comparison

The maximum 3199.HK drawdown since its inception was -11.05%, smaller than the maximum OILY.TO drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for 3199.HK and OILY.TO.

Drawdown Indicators

	3199.HK	OILY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.05%	-21.95%	+10.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	-9.85%	+8.25%
Max Drawdown (3Y) Largest decline over 3 years	-3.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.05%	—	—
Current Drawdown Current decline from peak	-0.41%	-3.49%	+3.08%
Average Drawdown Average peak-to-trough decline	-3.26%	-3.65%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	3.66%	-3.03%

Volatility

3199.HK vs. OILY.TO - Volatility Comparison

The current volatility for ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) is 1.54%, while Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) has a volatility of 7.92%. This indicates that 3199.HK experiences smaller price fluctuations and is considered to be less risky than OILY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3199.HK	OILY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	7.92%	-6.38%
Volatility (6M) Calculated over the trailing 6-month period	3.83%	16.54%	-12.71%
Volatility (1Y) Calculated over the trailing 1-year period	5.06%	19.85%	-14.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	25.47%	-19.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.71%	25.47%	-19.76%

3199.HK vs. OILY.TO - Expense Ratio Comparison

3199.HK has a 0.62% expense ratio, which is higher than OILY.TO's 0.60% expense ratio.

Dividends

3199.HK vs. OILY.TO - Dividend Comparison

3199.HK's dividend yield for the trailing twelve months is around 3.31%, less than OILY.TO's 12.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF	3.31%	3.34%	3.43%	3.51%	3.65%	3.40%	3.29%	3.57%	3.62%	3.39%	3.56%	3.69%
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	12.58%	11.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 3199.HK and OILY.TO in my portfolio?

3199.HK and OILY.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3199.HK or OILY.TO?

On fees, OILY.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3199.HK or OILY.TO?

OILY.TO is cheaper with a 0.60% expense ratio, compared with 0.62% for 3199.HK.

What is the main difference between 3199.HK and OILY.TO?

3199.HK is categorized as Emerging Markets Bonds, while OILY.TO is Energy Equities. 3199.HK tracks FTSE Chinese Government and Policy Bank Bond, while OILY.TO tracks Solactive Canada Energy Top 10 Index. They also come from different issuers: CSOP and Evolve. Their fees differ too: 0.62% for 3199.HK and 0.60% for OILY.TO.