GBUL.TO vs. NNRG.NEO

Last updated Jun 6, 2026

GBUL.TO (Ninepoint Gold Bullion Fund Series ETF) and NNRG.NEO (Ninepoint Energy ETF) are both exchange-traded funds - GBUL.TO is a Gold fund tracking the LBMA Gold Price, while NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index. Both are passively managed. GBUL.TO charges 0.50%/yr vs 1.79%/yr for NNRG.NEO.

Performance

GBUL.TO vs. NNRG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Gold Bullion Fund Series ETF (GBUL.TO) and Ninepoint Energy ETF (NNRG.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBUL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NNRG.NEO

• 1D: -2.85%
• 1M: 1.72%
• YTD: 43.04%
• 6M: 35.64%
• 1Y: 66.03%
• 3Y*: 25.31%
• 5Y*: 30.01%
• 10Y*: —

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

Return for Risk

GBUL.TO vs. NNRG.NEO — Risk / Return Rank

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

NNRG.NEO

NNRG.NEO Risk / Return Rank: 83
NNRG.NEO Sharpe Ratio Rank: 88
NNRG.NEO Sortino Ratio Rank: 79
NNRG.NEO Omega Ratio Rank: 81
NNRG.NEO Calmar Ratio Rank: 93
NNRG.NEO Martin Ratio Rank: 74

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.

GBUL.TO vs. NNRG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Gold Bullion Fund Series ETF (GBUL.TO) and Ninepoint Energy ETF (NNRG.NEO). 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.

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

Sharpe Ratios by Period

	GBUL.TO	NNRG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.97	—

Drawdowns

Drawdown Indicators

	GBUL.TO	NNRG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.78%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.78%	—
Current Drawdown Current decline from peak	—	-6.38%	—
Average Drawdown Average peak-to-trough decline	—	-12.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.15%	—

Volatility

Volatility by Period

	GBUL.TO	NNRG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	34.23%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.22%	—

GBUL.TO vs. NNRG.NEO - Expense Ratio Comparison

GBUL.TO has a 0.50% expense ratio, which is lower than NNRG.NEO's 1.79% expense ratio.

Dividends

GBUL.TO vs. NNRG.NEO - Dividend Comparison

GBUL.TO has not paid dividends to shareholders, while NNRG.NEO's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025
GBUL.TO Ninepoint Gold Bullion Fund Series ETF	0.00%	0.00%
NNRG.NEO Ninepoint Energy ETF	0.52%	0.37%

Frequently Asked Questions

Which ETF is better, GBUL.TO or NNRG.NEO?

On fees, GBUL.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBUL.TO or NNRG.NEO?

GBUL.TO is cheaper with a 0.50% expense ratio, compared with 1.79% for NNRG.NEO.

What is the main difference between GBUL.TO and NNRG.NEO?

GBUL.TO is categorized as Gold, while NNRG.NEO is Energy Equities. GBUL.TO tracks LBMA Gold Price, while NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index. Their fees differ too: 0.50% for GBUL.TO and 1.79% for NNRG.NEO.