HPF.TO vs. NRGY.TO
HPF.TO (Harvest Energy Leaders Income ETF Class A CAD Hedged) and NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) are both Energy Equities funds. HPF.TO is actively managed, while NRGY.TO is passively managed. Over the past year, HPF.TO returned 37.02% vs 48.32% for NRGY.TO. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
HPF.TO vs. NRGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HPF.TO achieves a 28.72% return, which is significantly lower than NRGY.TO's 35.45% return.
HPF.TO
- 1D
- -0.80%
- 1M
- 2.08%
- 6M
- 22.63%
- YTD
- 28.72%
- 1Y
- 37.02%
- 3Y*
- 14.19%
- 5Y*
- 16.67%
- 10Y*
- 5.03%
NRGY.TO
- 1D
- -0.38%
- 1M
- 0.91%
- 6M
- 33.14%
- YTD
- 35.45%
- 1Y
- 48.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPF.TO vs. NRGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 28.72% | 8.98% | -5.22% |
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 35.45% | 14.36% | -2.64% |
Correlation
The correlation between HPF.TO and NRGY.TO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.78 |
The correlation between HPF.TO and NRGY.TO has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.
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Return for Risk
HPF.TO vs. NRGY.TO — Risk / Return Rank
HPF.TO
NRGY.TO
HPF.TO vs. NRGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.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.
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.
| HPF.TO | NRGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 4.83 | -1.73 |
| Martin ratioReturn relative to average drawdown | 9.15 | 13.79 | -4.64 |
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Drawdowns
HPF.TO vs. NRGY.TO - Drawdown Comparison
The maximum HPF.TO drawdown since its inception was -72.97%, 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 HPF.TO and NRGY.TO.
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Drawdown Indicators
| HPF.TO | NRGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.97% | -16.59% | -56.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -10.16% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.11% | — | — |
Current DrawdownCurrent decline from peak | -5.69% | -4.45% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -26.28% | -3.76% | -22.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 3.54% | +0.52% |
Volatility
HPF.TO vs. NRGY.TO - Volatility Comparison
The current volatility for Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) is 6.52%, while Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) has a volatility of 6.96%. This indicates that HPF.TO experiences smaller price fluctuations and is considered to be less risky 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
| HPF.TO | NRGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.96% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 15.04% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.76% | 18.22% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 19.89% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 19.89% | +8.14% |
Dividends
HPF.TO vs. NRGY.TO - Dividend Comparison
HPF.TO's dividend yield for the trailing twelve months is around 8.04%, more than NRGY.TO's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 8.04% | 9.93% | 9.80% | 8.75% | 6.58% | 4.61% | 15.32% | 8.74% | 8.78% | 12.87% | 13.58% | 13.31% |
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 3.16% | 3.87% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HPF.TO and NRGY.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Harvest and Global X.
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