HUN.TO vs. XEG.TO

Last updated Jul 18, 2026

HUN.TO (Global X Natural Gas ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - HUN.TO is a Oil & Gas fund tracking the Solactive Natural Gas Winter MD Rolling Futures Index ER, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, HUN.TO returned -0.48%/yr vs 11.12%/yr for XEG.TO. At a 0.14 correlation, their price movements are largely independent. HUN.TO charges 1.40%/yr vs 0.60%/yr for XEG.TO.

Performance

HUN.TO vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Natural Gas ETF (HUN.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HUN.TO achieves a -11.34% return, which is significantly lower than XEG.TO's 37.71% return. Over the past 10 years, HUN.TO has underperformed XEG.TO with an annualized return of -0.48%, while XEG.TO has yielded a comparatively higher 11.12% annualized return.

HUN.TO

• 1D: 0.44%
• 1M: -5.10%
• 6M: -5.23%
• YTD: -11.34%
• 1Y: -21.28%
• 3Y*: -15.62%
• 5Y*: -4.89%
• 10Y*: -0.48%

XEG.TO

• 1D: 1.79%
• 1M: 5.60%
• 6M: 30.71%
• YTD: 37.71%
• 1Y: 57.22%
• 3Y*: 24.91%
• 5Y*: 30.84%
• 10Y*: 11.12%

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

HUN.TO vs. XEG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUN.TO Global X Natural Gas ETF	-11.34%	-5.60%	-2.61%	-45.19%	45.28%	54.74%	-0.72%	-19.01%	50.53%	-24.03%
XEG.TO iShares S&P/TSX Capped Energy Index ETF	37.71%	16.72%	14.04%	3.55%	53.25%	83.71%	-34.44%	9.04%	-27.05%	-11.17%

Correlation

The correlation between HUN.TO and XEG.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 29, 2009	0.14

Return for Risk

HUN.TO vs. XEG.TO — Risk / Return Rank

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

HUN.TO

HUN.TO Risk / Return Rank: 3
HUN.TO Sharpe Ratio Rank: 4
HUN.TO Sortino Ratio Rank: 4
HUN.TO Omega Ratio Rank: 4
HUN.TO Calmar Ratio Rank: 1
HUN.TO Martin Ratio Rank: 0

XEG.TO

XEG.TO Risk / Return Rank: 82
XEG.TO Sharpe Ratio Rank: 90
XEG.TO Sortino Ratio Rank: 81
XEG.TO Omega Ratio Rank: 82
XEG.TO Calmar Ratio Rank: 82
XEG.TO 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.

HUN.TO vs. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Natural Gas ETF (HUN.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

	HUN.TO	XEG.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	2.40	-3.12
Sortino ratio: Return per unit of downside risk	-0.91	2.92	-3.84
Omega ratio: Gain probability vs. loss probability	0.89	1.39	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.91	3.49	-4.40
Martin ratio: Return relative to average drawdown	-1.68	10.66	-12.35

HUN.TO vs. XEG.TO - Sharpe Ratio Comparison

The current HUN.TO Sharpe Ratio is -0.72, which is lower than the XEG.TO Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of HUN.TO and XEG.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.

Drawdowns

HUN.TO vs. XEG.TO - Drawdown Comparison

The maximum HUN.TO drawdown since its inception was -85.33%, roughly equal to the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for HUN.TO and XEG.TO.

Drawdown Indicators

	HUN.TO	XEG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-85.33%	-87.51%	+2.18%
Max Drawdown (1Y) Largest decline over 1 year	-23.46%	-16.47%	-6.99%
Max Drawdown (3Y) Largest decline over 3 years	-46.28%	-25.67%	-20.61%
Max Drawdown (5Y) Largest decline over 5 years	-73.88%	-28.42%	-45.46%
Max Drawdown (10Y) Largest decline over 10 years	-73.88%	-79.66%	+5.78%
Current Drawdown Current decline from peak	-81.30%	-8.41%	-72.89%
Average Drawdown Average peak-to-trough decline	-69.83%	-34.53%	-35.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.22%	5.38%	+7.84%

Volatility

HUN.TO vs. XEG.TO - Volatility Comparison

The current volatility for Global X Natural Gas ETF (HUN.TO) is 6.00%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 7.73%. This indicates that HUN.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUN.TO	XEG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	7.73%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	22.57%	19.84%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	29.76%	23.94%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	28.63%	+12.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.71%	33.41%	+1.30%

HUN.TO vs. XEG.TO - Expense Ratio Comparison

HUN.TO has a 1.40% expense ratio, which is higher than XEG.TO's 0.60% expense ratio.

Dividends

HUN.TO vs. XEG.TO - Dividend Comparison

HUN.TO has not paid dividends to shareholders, while XEG.TO's dividend yield for the trailing twelve months is around 2.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HUN.TO Global X Natural Gas ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XEG.TO iShares S&P/TSX Capped Energy Index ETF	2.68%	3.63%	3.46%	4.26%	3.31%	1.64%	2.96%	2.70%	2.25%	1.41%	1.40%	3.58%

Frequently Asked Questions

Can I hold both HUN.TO and XEG.TO in my portfolio?

HUN.TO and XEG.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HUN.TO or XEG.TO?

On fees, XEG.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, HUN.TO or XEG.TO?

XEG.TO is cheaper with a 0.60% expense ratio, compared with 1.40% for HUN.TO.

What is the main difference between HUN.TO and XEG.TO?

HUN.TO is categorized as Oil & Gas, while XEG.TO is Energy Equities. HUN.TO tracks Solactive Natural Gas Winter MD Rolling Futures Index ER, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 1.40% for HUN.TO and 0.60% for XEG.TO.