HXE.TO vs. OILY.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO).

HXE.TO and OILY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXE.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX Capped Energy Index (Total Return). It was launched on Sep 16, 2013. OILY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canada Energy Top 10 Index. It was launched on Mar 26, 2025. Both HXE.TO and OILY.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

HXE.TO vs. OILY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO). The values are adjusted to include any dividend payments, if applicable.

HXE.TO vs. OILY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF	36.24%	12.13%
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	27.92%	3.96%

Returns By Period

In the year-to-date period, HXE.TO achieves a 36.24% return, which is significantly higher than OILY.TO's 27.92% return.

HXE.TO

• 1D: -3.74%
• 1M: 9.25%
• YTD: 36.24%
• 6M: 44.54%
• 1Y: 53.17%
• 3Y*: 25.64%
• 5Y*: 32.28%
• 10Y*: 12.78%

OILY.TO

• 1D: -2.89%
• 1M: 6.10%
• YTD: 27.92%
• 6M: 29.05%
• 1Y: 34.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HXE.TO vs. OILY.TO - Expense Ratio Comparison

HXE.TO has a 0.27% expense ratio, which is lower than OILY.TO's 0.60% expense ratio.

OILY.TO

Evolve Canadian Energy Enhanced Yield Index Fund ETF

HXE.TO

Global X S&P/TSX Capped Energy Index Corporate Class ETF

Return for Risk

HXE.TO vs. OILY.TO — Risk / Return Rank

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

HXE.TO

HXE.TO Risk / Return Rank: 85
HXE.TO Sharpe Ratio Rank: 89
HXE.TO Sortino Ratio Rank: 87
HXE.TO Omega Ratio Rank: 88
HXE.TO Calmar Ratio Rank: 84
HXE.TO Martin Ratio Rank: 79

OILY.TO

OILY.TO Risk / Return Rank: 65
OILY.TO Sharpe Ratio Rank: 74
OILY.TO Sortino Ratio Rank: 69
OILY.TO Omega Ratio Rank: 75
OILY.TO Calmar Ratio Rank: 53
OILY.TO Martin Ratio Rank: 52

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.

HXE.TO vs. OILY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.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.

	HXE.TO	OILY.TO	Difference
Sharpe ratio Return per unit of total volatility	1.96	1.40	+0.56
Sortino ratio Return per unit of downside risk	2.43	1.82	+0.61
Omega ratio Gain probability vs. loss probability	1.37	1.30	+0.08
Calmar ratio Return relative to maximum drawdown	2.63	1.52	+1.11
Martin ratio Return relative to average drawdown	9.28	5.48	+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.

HXE.TO vs. OILY.TO - Sharpe Ratio Comparison

The current HXE.TO Sharpe Ratio is 1.96, which is higher than the OILY.TO Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of HXE.TO and OILY.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HXE.TO	OILY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.40	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.32	-1.12

Correlation

The correlation between HXE.TO and OILY.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HXE.TO vs. OILY.TO - Dividend Comparison

HXE.TO has not paid dividends to shareholders, while OILY.TO's dividend yield for the trailing twelve months is around 12.73%.

	TTM	2025
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF	0.00%	0.00%
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	12.73%	11.50%

Drawdowns

HXE.TO vs. OILY.TO - Drawdown Comparison

The maximum HXE.TO drawdown since its inception was -85.92%, which is greater than OILY.TO's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for HXE.TO and OILY.TO.

Drawdown Indicators

	HXE.TO	OILY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-85.92%	-22.70%	-63.22%
Max Drawdown (1Y) Largest decline over 1 year	-20.40%	-22.70%	+2.30%
Max Drawdown (5Y) Largest decline over 5 years	-28.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.40%	—	—
Current Drawdown Current decline from peak	-4.72%	-4.18%	-0.54%
Average Drawdown Average peak-to-trough decline	-31.17%	-4.51%	-26.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	6.29%	-0.52%

Volatility

HXE.TO vs. OILY.TO - Volatility Comparison

Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has a higher volatility of 7.42% compared to Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) at 5.45%. This indicates that HXE.TO's price experiences larger fluctuations and is considered to be riskier than OILY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXE.TO	OILY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	5.45%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	13.57%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.28%	24.73%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	24.73%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.66%	24.73%	+8.93%