ECHI.TO vs. NXF.TO

Last updated Jun 13, 2026

ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - ECHI.TO is a Derivative Income fund actively managed by Ninepoint, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. At a 0.13 correlation, their price movements are largely independent.

Performance

ECHI.TO vs. NXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECHI.TO achieves a 14.81% return, which is significantly lower than NXF.TO's 28.40% return.

ECHI.TO

• 1D: 0.33%
• 1M: 3.37%
• YTD: 14.81%
• 6M: 15.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NXF.TO

• 1D: 0.15%
• 1M: -2.48%
• YTD: 28.40%
• 6M: 27.93%
• 1Y: 32.29%
• 3Y*: 13.86%
• 5Y*: 16.67%
• 10Y*: 7.93%

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

ECHI.TO vs. NXF.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	14.81%	20.01%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	28.40%	3.09%

Correlation

The correlation between ECHI.TO and NXF.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.13

Return for Risk

ECHI.TO vs. NXF.TO — Risk / Return Rank

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

ECHI.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NXF.TO

NXF.TO Risk / Return Rank: 62
NXF.TO Sharpe Ratio Rank: 60
NXF.TO Sortino Ratio Rank: 56
NXF.TO Omega Ratio Rank: 52
NXF.TO Calmar Ratio Rank: 80
NXF.TO Martin Ratio Rank: 62

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.

ECHI.TO vs. NXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ECHI.TO	NXF.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	3.71	—
Martin ratio: Return relative to average drawdown	—	9.92	—

Drawdowns

ECHI.TO vs. NXF.TO - Drawdown Comparison

The maximum ECHI.TO drawdown since its inception was -6.84%, smaller than the maximum NXF.TO drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for ECHI.TO and NXF.TO.

Drawdown Indicators

	ECHI.TO	NXF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-65.25%	+58.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.25%	—
Current Drawdown Current decline from peak	-2.62%	-7.90%	+5.28%
Average Drawdown Average peak-to-trough decline	-1.30%	-15.98%	+14.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.51%	—

Volatility

Volatility by Period

	ECHI.TO	NXF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	19.58%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	23.44%	-5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	26.15%	-8.29%

Dividends

ECHI.TO vs. NXF.TO - Dividend Comparison

ECHI.TO's dividend yield for the trailing twelve months is around 11.08%, more than NXF.TO's 8.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	11.08%	5.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	8.29%	7.70%	8.50%	8.60%	11.22%	9.46%	11.24%	7.83%	9.39%	6.49%	8.24%	8.21%

Frequently Asked Questions

Can I hold both ECHI.TO and NXF.TO in my portfolio?

ECHI.TO and NXF.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between ECHI.TO and NXF.TO?

ECHI.TO is categorized as Derivative Income, while NXF.TO is Energy Equities. They also come from different issuers: Ninepoint and CI.