NNRG.NEO vs. NRGY.TO

Last updated Jun 26, 2026

NNRG.NEO (Ninepoint Energy ETF) and NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) are both Energy Equities funds - NNRG.NEO tracks the S&P/TSX Capped Energy Total Return Index while NRGY.TO tracks the Mirae Asset Equal Weight Canadian Oil & Gas Index. Both are passively managed. Over the past year, NNRG.NEO returned 47.06% vs 44.44% for NRGY.TO. A 0.79 correlation means they provide meaningful diversification when combined. NNRG.NEO charges 1.79%/yr vs 0.49%/yr for NRGY.TO.

Performance

NNRG.NEO vs. NRGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Energy ETF (NNRG.NEO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with NNRG.NEO having a 32.05% return and NRGY.TO slightly lower at 30.48%.

NNRG.NEO

• 1D: 0.48%
• 1M: -6.85%
• YTD: 32.05%
• 6M: 33.04%
• 1Y: 47.06%
• 3Y*: 25.31%
• 5Y*: 26.77%
• 10Y*: —

NRGY.TO

• 1D: 0.84%
• 1M: -4.75%
• YTD: 30.48%
• 6M: 31.94%
• 1Y: 44.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NNRG.NEO vs. NRGY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NNRG.NEO Ninepoint Energy ETF	32.05%	19.14%	-0.41%
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	30.48%	14.36%	-2.64%

Correlation

The correlation between NNRG.NEO and NRGY.TO is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.79

The correlation between NNRG.NEO and NRGY.TO has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

NNRG.NEO vs. NRGY.TO - Sectors Allocation Comparison

Sectors	NNRG.NEO	NRGY.TO
Energy	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NNRG.NEO vs. NRGY.TO — 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: 64
NNRG.NEO Sharpe Ratio Rank: 66
NNRG.NEO Sortino Ratio Rank: 57
NNRG.NEO Omega Ratio Rank: 59
NNRG.NEO Calmar Ratio Rank: 75
NNRG.NEO Martin Ratio Rank: 65

NRGY.TO

NRGY.TO Risk / Return Rank: 86
NRGY.TO Sharpe Ratio Rank: 89
NRGY.TO Sortino Ratio Rank: 85
NRGY.TO Omega Ratio Rank: 84
NRGY.TO Calmar Ratio Rank: 89
NRGY.TO Martin Ratio Rank: 82

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.

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

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Energy ETF (NNRG.NEO) 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.

	NNRG.NEO	NRGY.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.58	-0.71
Sortino ratio: Return per unit of downside risk	2.40	3.34	-0.94
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	3.40	4.75	-1.35
Martin ratio: Return relative to average drawdown	10.48	14.41	-3.94

NNRG.NEO vs. NRGY.TO - Sharpe Ratio Comparison

The current NNRG.NEO Sharpe Ratio is 1.88, which is comparable to the NRGY.TO Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of NNRG.NEO and NRGY.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

NNRG.NEO vs. NRGY.TO - Drawdown Comparison

The maximum NNRG.NEO drawdown since its inception was -35.78%, 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 NNRG.NEO and NRGY.TO.

Drawdown Indicators

	NNRG.NEO	NRGY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.78%	-16.59%	-19.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.98%	-9.49%	-4.49%
Max Drawdown (3Y) Largest decline over 3 years	-23.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.78%	—	—
Current Drawdown Current decline from peak	-13.57%	-7.96%	-5.61%
Average Drawdown Average peak-to-trough decline	-11.88%	-3.65%	-8.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	3.12%	+1.66%

Volatility

NNRG.NEO vs. NRGY.TO - Volatility Comparison

Ninepoint Energy ETF (NNRG.NEO) has a higher volatility of 8.51% compared to Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) at 6.44%. This indicates that NNRG.NEO'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.

Volatility by Period

	NNRG.NEO	NRGY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	6.44%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	21.25%	14.72%	+6.53%
Volatility (1Y) Calculated over the trailing 1-year period	25.34%	17.46%	+7.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.13%	19.69%	+14.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.17%	19.69%	+14.48%

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

NNRG.NEO has a 1.79% expense ratio, which is higher than NRGY.TO's 0.49% expense ratio.

Dividends

NNRG.NEO vs. NRGY.TO - Dividend Comparison

NNRG.NEO's dividend yield for the trailing twelve months is around 0.57%, less than NRGY.TO's 3.24% yield.

Position	TTM	2025	2024	2023
NNRG.NEO Ninepoint Energy ETF	0.57%	0.37%	0.39%	0.38%
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	3.24%	3.87%	0.56%	0.00%

Frequently Asked Questions

Can I hold both NNRG.NEO and NRGY.TO in my portfolio?

NNRG.NEO and NRGY.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, NRGY.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

NRGY.TO is cheaper with a 0.49% expense ratio, compared with 1.79% for NNRG.NEO.

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

NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index, while NRGY.TO tracks Mirae Asset Equal Weight Canadian Oil & Gas Index. They also come from different issuers: Ninepoint and Global X. Their fees differ too: 1.79% for NNRG.NEO and 0.49% for NRGY.TO.