GLDX.TO vs. NRGY.TO
Compare and contrast key facts about Global X Gold Producers Index ETF (GLDX.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO).
GLDX.TO and NRGY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDX.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset North American Listed Gold Producers Index. It was launched on Nov 6, 2024. NRGY.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset Equal Weight Canadian Oil & Gas Index. It was launched on Nov 6, 2024. Both GLDX.TO and NRGY.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLDX.TO vs. NRGY.TO - Performance Comparison
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GLDX.TO vs. NRGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 8.02% | 178.05% | -11.40% |
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 30.90% | 14.36% | -3.17% |
Returns By Period
In the year-to-date period, GLDX.TO achieves a 8.02% return, which is significantly lower than NRGY.TO's 30.90% return.
GLDX.TO
- 1D
- 7.06%
- 1M
- -19.13%
- YTD
- 8.02%
- 6M
- 24.46%
- 1Y
- 114.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGY.TO
- 1D
- -1.14%
- 1M
- 10.66%
- YTD
- 30.90%
- 6M
- 31.97%
- 1Y
- 41.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GLDX.TO vs. NRGY.TO - Expense Ratio Comparison
Return for Risk
GLDX.TO vs. NRGY.TO — Risk / Return Rank
GLDX.TO
NRGY.TO
GLDX.TO vs. NRGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Producers Index ETF (GLDX.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.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.
| GLDX.TO | NRGY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.44 | 2.22 | +0.22 |
Sortino ratioReturn per unit of downside risk | 2.59 | 2.66 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.67 | +1.17 |
Martin ratioReturn relative to average drawdown | 13.73 | 9.93 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDX.TO | NRGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.22 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.37 | 1.64 | +0.74 |
Correlation
The correlation between GLDX.TO and NRGY.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLDX.TO vs. NRGY.TO - Dividend Comparison
GLDX.TO's dividend yield for the trailing twelve months is around 0.90%, less than NRGY.TO's 2.87% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 0.90% | 0.97% | 0.08% |
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 2.87% | 3.87% | 0.56% |
Drawdowns
GLDX.TO vs. NRGY.TO - Drawdown Comparison
The maximum GLDX.TO drawdown since its inception was -30.14%, which is greater than NRGY.TO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for GLDX.TO and NRGY.TO.
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Drawdown Indicators
| GLDX.TO | NRGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.14% | -16.59% | -13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -30.14% | -16.18% | -13.96% |
Current DrawdownCurrent decline from peak | -19.13% | -1.21% | -17.92% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -3.55% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 4.35% | +4.07% |
Volatility
GLDX.TO vs. NRGY.TO - Volatility Comparison
Global X Gold Producers Index ETF (GLDX.TO) has a higher volatility of 18.08% compared to Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) at 3.80%. This indicates that GLDX.TO's price experiences larger fluctuations and is considered to be riskier than NRGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDX.TO | NRGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.08% | 3.80% | +14.28% |
Volatility (6M)Calculated over the trailing 6-month period | 38.21% | 11.61% | +26.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.99% | 18.77% | +28.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.32% | 18.80% | +24.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.32% | 18.80% | +24.52% |